U.S. CPI ahead, Chinese trade data, Saudi Aramco dividend - what's moving markets



In contrast, the liquid staking category has nearly doubled its market share during Q1 of 2023 and has surpassed the lending category.


A dominant force in the DeFi ecosystem 

The DEX token category, which includes decentralized exchanges (DEXs), emerged as a dominant force in the DeFi ecosystem in Q1 2021. Experts liken this to the increasing popularity of decentralized finance as a whole, as well as the growing demand for decentralized trading platforms.

However, according to ongoing data reports DEXs began to lose their grip on the DeFi market in 2022, and in 2023 Q1, they reported the largest quarterly decrease in market share, despite a 44.3% increase in market cap. Other categories experienced more significant growth, leading to DEXs losing their lead position.

You might also like:Ripple sets sights on Dubai expansion amid favorable regulatory environment

In a similar vein, oracles had a 19.0% market share in DeFi in Q1 2021, but they fell to third place from Q4 2021 to Q1 2022 after the lending category overtook it. Oracles regained market share in subsequent quarters, but in Q1 2023, they experienced a 2.8% point quarterly decrease.


The emergence of liquid staking

Unlike the DEX token category, which had been dominant in the DeFi ecosystem since the start of 2021, the liquid staking category is a relatively new addition to the sector. 

The concept of staking involves holding cryptocurrency in a wallet for a set amount of time help validate transactions on the blockchain and earn rewards in return.

However, staked tokens are typically illiquid. Liquid staking, in comparison, allows users to deposit their staked tokens into a liquidity pool, where they receive liquidity pool tokens that represent their share of the pool.

These tokens can be traded or used for other purposes.


The liquid staking category emerged in the DeFi sector in Q3 2022, when Ethereum began its upgrades to proof-of-stake (PoS), which allowed users to stake their ETH tokens and earn rewards.

Liquid staking governance tokens, which represent users’ voting power in governance decisions related to the liquidity pools, quickly gained popularity and captured 6.3% of the DeFi ecosystem market share in the same quarter.

The outperformance of liquid staking over lending may signal a shift in investor sentiment and preference.

Lending has traditionally been a dominant category in DeFi, but the rise of liquid staking suggests that investors are increasingly interested in staking tokens to earn rewards instead of lending them out for interest.


Source : [U.S. CPI ahead, Chinese trade data, Saudi Aramco dividend - what's moving markets](www.investing.com/news/economy/us-cpi-ahead-chinese-trade-data-saudi-aramco-dividend--whats-moving-markets-3076788) by Investing.com - 26Economy News by Investing.com / May 09, 2023

rayn.finance logo


240 rue Evariste Galois,

06410 Biot,

Sophia Antipolis

Automata Pay

65-66 Warwick House 4th

Floor, Queen Street, London

England, EC4R 1EB

Automata Pay Europe Ltd

3rd Floor Ormond Building,

31-36 Ormond Quay Upper,

Dublin 7, D07 Ee37

Automata ICO Ltd

Italian Branch

Via Archimede, 161,

00197 Roma


The purchase of digital assets is subject to a high market risk and price volatility. Changes in value can be significant and occur rapidly and without warning. Past performance is not a reliable indicator of future performance. The value of an investment and returns can fluctuate both up and down, and you may not recover the amount you invested. RISK WARNING

Automata ICO Limited has a branch in Italy with its registered office at Via Archimede, 161, Roma, Italy, and registered in Italy under number 96550860587 with the Organismo Agenti e Mediatori (OAM) as a Virtual Asset Service Provider (VASP).

Automata France SAS is a company registered in France with the company number 902 498 617. Automata FRANCE SAS is registered with the french Financial Market Authority, l’Autorité des marchés financiers (“AMF”), as a provider of Virtual Asset Service Provider under number E2023-087.

Automata Pay Europe Limited is a partner of Modulr Finance B.V., a company registered in the Netherlands with company number 81852401, which is authorised and regulated by the Dutch Central Bank (DNB) as an Electronic Money Institution (Firm Reference Number: R182870) for the issuance of electronic money and payment services. Your account and related payment services are provided by Modulr Finance B.V. Your funds will be held in one or more segregated accounts and safeguarded in line with the Financial Supervision Act. How we keep your money safe.