Huobi Market Share Plummets In 2022 - Kaiko Research: Data Debrief

• Price Movements: Most Layer 1 tokens have struggled versus ETH since December, but SOL and ATOM have recently outperformed.
• Market Liquidity: Curve’s 3pool – made up of USDT, USDC, and DAI – has seen its total value locked fall from $5.5bn to just $600mn over the past year.
• Derivatives: Both SOL and LDO experienced a short squeeze as each token unexpectedly rallied.
• Macro Trends: Silvergate Bank's share price tumbled 43% in just one day last week after new revelations from the WSJ.

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