Uniswap made headlines in the crypto community with its announcement of a 0.15% swap fee starting on October 17. This decision received mixed reactions from the community. Additionally, controversy arose over an open-source hook on Uniswap that allows for Know Your Customer (KYC) checks, sparking concerns about potential regulatory whitelisting of decentralized finance protocols.
In other DeFi news, Platypus Finance managed to recover 90% of the funds lost in an exploit, while the layer-2 zero-knowledge Ethereum Virtual Machine (zkEVM) called “Scroll” launched its mainnet. The top 100 DeFi tokens experienced a bullish week, with many tokens trading in the green and recording double-digit gains on the weekly charts. However, the total value locked (TVL) in DeFi protocols decreased by nearly $2 billion.
The Ethereum liquid staking derivatives finance (LSDFi) sector has seen significant growth this year, with a 58.7x increase since January. LSD protocols accounted for 43.7% of the total ETH staked, with Lido being the largest contributor.
Overall, it was an eventful week in the DeFi space, with developments in Uniswap, recoveries from exploits, and positive market performance for many DeFi tokens.
