📣 Creators, Exciting News!
Gate Square Certified Creator Application Is Now Live!
How to apply:
1️⃣ Open App → Tap [Square] at the bottom → Click your avatar in the top right
2️⃣ Tap [Get Certified] under your avatar
3️⃣ Once approved, you’ll get an exclusive verified badge that highlights your credibility and expertise!
Note: You need to update App to version 7.25.0 or above to apply.
The application channel is now open to KOLs, project teams, media, and business partners!
Super low threshold, just 500 followers + active posting to apply!
At Gate Square, everyone can be a community leader! �
DefiLlama: Key metrics changed after the flash crash incident on October 11
After the rapid collapse on October 11, several key indicators in the DeFi ecosystem experienced significant volatility. The perpetual decentralized exchange (Perp DEX) saw a sharp fall in open interest, from 26 billion USD to below 14 billion USD. Meanwhile, lending protocols recorded fees exceeding 20 million USD, setting a new record.
The weekly trading volume of DEX also reached an unprecedented level, exceeding 177 billion USD. Borrowing on cross-chain protocols fell sharply, dipping below 50 billion USD for the first time since August. Additionally, the staking yield of stETH temporarily increased above 7%, reflecting the volatility and strong liquidity flow in the DeFi market.
These events demonstrate that DeFi is a dynamic space, changing rapidly, both posing risks and opening up opportunities for traders, lenders, and stakers. The flash crash event on October 11th has prompted market adjustments, affecting investor behavior, borrowing-lending trends, and trading activities across many protocols.