{"id":512169,"date":"2022-11-18T23:00:00","date_gmt":"2022-11-18T20:00:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/defi-platforms-see-profits-amid-ftx-collapse-and-cex-exodus-finance-redefined\/"},"modified":"2022-11-18T23:00:00","modified_gmt":"2022-11-18T20:00:00","slug":"defi-platforms-see-profits-amid-ftx-collapse-and-cex-exodus-finance-redefined","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/defi-platforms-see-profits-amid-ftx-collapse-and-cex-exodus-finance-redefined\/","title":{"rendered":"# DeFi platforms see profits amid FTX collapse and CEX exodus: Finance Redefined"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3df44b3e243\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3df44b3e243\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/defi-platforms-see-profits-amid-ftx-collapse-and-cex-exodus-finance-redefined\/#%E2%80%9D_DeFi_platforms_see_profits_amid_FTX_collapse_and_CEX_exodus_Finance_Redefined_%E2%80%9C\" >&#8221; DeFi platforms see profits amid FTX collapse and CEX exodus: Finance Redefined   &#8220;<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/defi-platforms-see-profits-amid-ftx-collapse-and-cex-exodus-finance-redefined\/#DeFi_platforms_see_profits_amid_FTX_collapse_and_CEX_exodus\" >DeFi platforms see profits amid FTX collapse and CEX exodus<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/defi-platforms-see-profits-amid-ftx-collapse-and-cex-exodus-finance-redefined\/#FTX_collapse_followed_by_an_uptick_in_stablecoin_inflows_and_DEX_activity\" >FTX collapse followed by an uptick in stablecoin inflows and DEX activity<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/buradabiliyorum.com\/en\/defi-platforms-see-profits-amid-ftx-collapse-and-cex-exodus-finance-redefined\/#Crypto_scammers_are_using_black_market_identities_to_avoid_detection_CertiK\" >Crypto scammers are using black market identities to avoid detection: CertiK<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/buradabiliyorum.com\/en\/defi-platforms-see-profits-amid-ftx-collapse-and-cex-exodus-finance-redefined\/#1inch_seeks_to_optimize_gas_costs_with_its_new_v5_router\" >1inch seeks to optimize gas costs with its new v5 router<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/buradabiliyorum.com\/en\/defi-platforms-see-profits-amid-ftx-collapse-and-cex-exodus-finance-redefined\/#DeFi_market_overview\" >DeFi market overview<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_DeFi_platforms_see_profits_amid_FTX_collapse_and_CEX_exodus_Finance_Redefined_%E2%80%9C\"><\/span>&#8221; DeFi platforms see profits amid FTX collapse and CEX exodus: Finance Redefined   &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div class=\"post-content\" data-v-887bb764>Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights \u2014 a <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">news<\/a>letter crafted to bring you significant developments over the last week.<\/p>\n<p>The FTX collapse has created a sense of uncertainty among large and retail investors alike, who are not very sure whether they should keep their funds on centralized exchanges or not. The dilemma has led to a major uptick among DeFi protocols and decentralized exchanges.<\/p>\n<p>DeFi protocols and decentralized exchange (DEX) platforms gained some momentum in the aftermath of the FTX implosion. A new report from Delphi Digital suggests DEX platforms gained 24% volume in the wake of the FTX collapse.<\/p>\n<p>In other DeFi news, crypto scammers are actively using black market identities to avoid detection. DeFi protocol 1Inch is looking to optimize gas costs with its new v5 router.<\/p>\n<p>The DeFi market like the rest of the crypto market is still recovering from the turmoil in the aftermath of the FTX collapse. Majority of the top 100 DeFi tokens traded in red for the second week barring a few.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"DeFi_platforms_see_profits_amid_FTX_collapse_and_CEX_exodus\"><\/span>DeFi platforms see profits amid FTX collapse and CEX exodus<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>A week after the fallout from the FTX and Alameda chaos, some on-chain data points are interesting to observe. Although record amounts of Bitcoin (BTC) and Ether (ETH) are leaving the exchanges, not all D<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">App<\/a>s and protocols have shown growth, mainly due to reliance on FTX and Alameda. <\/p>\n<p>Combined with the migration away from centralized exchanges (CEXs), the volatile crypto market has users trading in record numbers. According to data from Token Terminal, the daily trading volume of perpetual exchanges reached $5 billion, which is the highest daily trading volume since the Terra (LUNA) and TerraUSD (UST) meltdown in May 2022.<\/p>\n<p><strong>Continue reading<\/strong><\/p>\n<h2><span class=\"ez-toc-section\" id=\"FTX_collapse_followed_by_an_uptick_in_stablecoin_inflows_and_DEX_activity\"><\/span>FTX collapse followed by an uptick in stablecoin inflows and DEX activity<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Delphi Digital used asset baskets to analyze performance between DEX and CEX tokens and found that when comparing the basket prices to BTC, the DEX basket gained 24% whereas the CEX basket is down 2%.<\/p>\n<p><a href=\"https:\/\/buradabiliyorum.com\/en\/category\/general\/\" data-internallinksmanager029f6b8e52c=\"3\" title=\"General\" target=\"_blank\" rel=\"noopener\">General<\/a>ly, on-chain activity correlates to overall Bitcoin, Ether and altcoin market sentiment, with the current FTX chaos catalyzing historic exchange outflows and CEX tokens\u2019 underperformance. A likely trend to emerge from the current chaos is a steady uptick in self-custodied cryptocurrencies and an increase in DEX use.<\/p>\n<p><strong>Continue reading<\/strong><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Crypto_scammers_are_using_black_market_identities_to_avoid_detection_CertiK\"><\/span>Crypto scammers are using black market identities to avoid detection: CertiK<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Crypto scammers have been accessing a \u201ccheap and easy\u201d black market of individuals willing to put their name and face on fraudulent projects \u2014 all for the low price of $8, blockchain security firm CertiK has uncovered. <\/p>\n<p>These individuals, described by CertiK as \u201cProfessional KYC actors,\u201d would, in some cases, voluntarily become the verified face of a crypto project, gaining trust in the crypto community prior to an \u201cinsider hack or exit scam.\u201d<\/p>\n<p><strong>Continue reading<\/strong><\/p>\n<h2><span class=\"ez-toc-section\" id=\"1inch_seeks_to_optimize_gas_costs_with_its_new_v5_router\"><\/span>1inch seeks to optimize gas costs with its new v5 router<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>According to 1inch, users\u2019 gas costs for swaps will be at least 10% lower than its previous offerings in the DEX segment, therefore making swapping activity on the Ethereum network more profitable for its users. <\/p>\n<p>In the Router v5, 1inch estimated that swaps will be approximately 5% more gas efficient than in the previous version and 10% more gas efficient, compared with the second best performing player in the DEX segment.<\/p>\n<p><strong>Continue reading<\/strong><\/p>\n<h2><span class=\"ez-toc-section\" id=\"DeFi_market_overview\"><\/span>DeFi market overview<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Analytical data reveals that DeFi\u2019s total value locked plunged to $40 billion. Data from Cointelegraph Markets Pro and TradingView show that DeFi\u2019s top 100 tokens by market capitalization had a bearish meltdown due to the FTX saga, with the majority of the tokens registering double-digit losses over the past week.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-11\/9e95786a-879e-42cc-aadf-73047b9905b3.png\"><\/figure>\n<p>Thanks for reading our summary of this week\u2019s most impactful DeFi developments. Join us next Friday for more stories, insights and education in this dynamically advancing space.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"defi_newsletter\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more News articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/defi-platforms-see-profits-amid-ftx-collapse-and-cex-exodus-finance-redefined\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; DeFi platforms see profits amid FTX collapse and CEX exodus: Finance Redefined &#8220; Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights \u2014 a newsletter crafted to bring you significant developments over the last week. The FTX collapse has created a sense of uncertainty among large and retail investors alike,&#8230;<\/p>\n","protected":false},"author":1,"featured_media":512170,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMTEvNzdkODNmNWEtNWQyYy00NTcyLWIzNzMtY2FlMDUxNjAzMzlmLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74863,74868,75916,135234,127241],"class_list":["post-512169","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-cryptocurrencies","tag-defi","tag-dex","tag-ftx","tag-ftx-token"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/512169","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=512169"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/512169\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/512170"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=512169"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=512169"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=512169"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}