In today’s briefing:
- Huobi Market Share Plummets in 2022
Huobi Market Share Plummets in 2022
- Price Movements: Most Layer 1 tokens have struggled versus ETH since December, but SOL and ATOM have recently outperformed.
- Market Liquidity: Curve’s 3pool – made up of USDT, USDC, and DAI – has seen its total value locked fall from $5.5bn to just $600mn over the past year.
- Derivatives: Both SOL and LDO experienced a short squeeze as each token unexpectedly rallied.
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