DeFi L1/L2 Update: ETH Txns, Chainlink, Pendle

Summary

The Upside community announced key updates across DeFi L1/L2 protocols, noting that Ethereum transactions reached a peak of 2.8 million on January 16th. The update also highlighted Chainlink's role in providing pricing data for US stock and ETF markets. Furthermore, Pendle is set to replace its under-adopted vePENDLE governance token with a new liquid token called sPENDLE.

DeFi+L1L2 Update:

⬆️ Ethereum txs peaked at 2.8M on Jan 16
⛓️ Chainlink provides pricing data for US stock and ETF markets
↔️ Pendle will replace its under-adopted governance token vePENDLE with a new liquid token sPENDLE

Full details 👇
https://crypto.com/market-updates/defi-l1l2-weekly-2026-01-21?utm_source=x&utm_medium=social&utm_campaign=rni_defi-l1l2

Image available on Discord

defi l1 l2 ethereum chainlink pendle crypto blockchain tokenomics

The latest from The Upside

DeFi+L1L2 Update: Ethereum, Drift, Ethena

DeFi+L1L2 Update: 🔽 Ethereum’s share of non-USD stablecoin supply fell to 65% 🚨 Drift Protocol suffered a $280 million exploit 🤝 Ethena partnered with Anchorage …

Crypto.com Supports DAI to USDS Token Swap

🚨 Crypto.com is supporting the Dai ($DAI) token swap and rebranding to USDS ($USDS) 🚨 ✅ Trading, deposits, and withdrawals of DAI will remain available …

BTC App Campaign Earn US$10 in BTC

The BTC App Campaign is in full swing ✨ Grow your $BTC balance for a chance to earn US$10 in BTC 🎁 🏅 Top 2,000 …