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December 01, 2021

November 2021 Market Commentary

Cryptocurrencies and traditional markets wavered in November largely due to concerns over the COVID-19 Omicron variant and Fed policy tapering bond purchases. Ethereum was resilient as scaling solutions saw record high usage, and net token issuance was the lowest since the introduction of EIP-1559. DeFi set new records in November, achieving all-time highs in Total Value Locked ($276.92B) and borrowed volume on top lending platforms (+$35B in November).

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