Cryptocurrency News

GameFi and Metaverse least affected by Terra debacle: Report

08/01/2022

Less than a minute

2022.08.01 18:10

GameFi and Metaverse least affected by Terra debacle: Report

Blockchain gaming and the Metaverse have managed to “sidestep” the “Lehman brothers-like” collapse of Terra in May — though decentralized finance (DeFi) and nonfungible tokens (NFTs) haven’t been so lucky, a report says.

In a July 29 report from decentralized application data aggregator DappRadar, the collapse of Terra in May was similar in scale to the 2008 subprime mortgage crisis — causing decentralized finance (DeFi), nonfungible tokens (NFTs) and firms such as Three Arrows Capital (3AC), Celsius and Voyager to cop the brunt of Terra’s destruction.

Weathering the storm

08/01/2022

Less than a minute

Leave a Reply Cancel reply

You must be logged in to post a comment.

Bitcoin (BTC) $ 104,437.98 1.99%

Ethereum (ETH) $ 3,869.32 1.73%

XRP (XRP) $ 2.47 4.54%

Tether (USDT) $ 0.999798 0.16%

Solana (SOL) $ 217.63 1.33%

BNB (BNB) $ 713.04 2.08%

Dogecoin (DOGE) $ 0.384373 3.69%

USDC (USDC) $ 1.00 0.04%

Lido Staked Ether (STETH) $ 3,863.17 1.73%

Cardano (ADA) $ 1.02 4.49%

TRON (TRX) $ 0.272534 3.92%

Avalanche (AVAX) $ 46.39 4.99%

Chainlink (LINK) $ 27.15 1.66%

Wrapped stETH (WSTETH) $ 4,580.14 2.08%

Shiba Inu (SHIB) $ 0.000026 3.96%

the-open-network

Toncoin (TON) $ 5.70 3.63%

wrapped-bitcoin

Wrapped Bitcoin (WBTC) $ 104,108.89 1.84%

Sui (SUI) $ 4.57 3.65%

Stellar (XLM) $ 0.425758 2.65%

Polkadot (DOT) $ 8.19 4.81%

hedera-hashgraph

Hedera (HBAR) $ 0.295093 6.09%

WETH (WETH) $ 3,868.15 1.73%

Bitcoin Cash (BCH) $ 518.13 2.13%

Uniswap (UNI) $ 15.64 0.17%

Pepe (PEPE) $ 0.000021 6.27%

LEO Token (LEO) $ 9.66 0.97%

Litecoin (LTC) $ 117.05 1.51%

Hyperliquid (HYPE) $ 25.44 4.03%

NEAR Protocol (NEAR) $ 6.12 7.95%

Wrapped eETH (WEETH) $ 4,082.17 1.66%

Aptos (APT) $ 12.82 3.27%

Ethena USDe (USDE) $ 1.00 0.07%

Bitget Token (BGB) $ 4.19 10.37%

internet-computer

Internet Computer (ICP) $ 11.92 2.88%

Aave (AAVE) $ 367.81 1.08%

USDS (USDS) $ 0.999502 0.04%

crypto-com-chain

Cronos (CRO) $ 0.187442 3.16%

Ethereum Classic (ETC) $ 31.52 3.34%

polygon-ecosystem-token

POL (ex-MATIC) (POL) $ 0.54985 5.00%

VeChain (VET) $ 0.054056 5.27%

Render (RENDER) $ 8.32 4.13%

Artificial Superintelligence Alliance (FET) $ 1.58 2.79%

Monero (XMR) $ 220.57 2.03%

Mantle (MNT) $ 1.18 2.91%

Arbitrum (ARB) $ 0.932466 3.47%

Bittensor (TAO) $ 521.80 0.81%

MANTRA (OM) $ 4.05 5.54%

Filecoin (FIL) $ 6.06 4.41%

WhiteBIT Coin (WBT) $ 25.03 0.83%

Dai (DAI) $ 1.00 0.07%