⚡Base Season Next? Exclusive USDz Points Multiplier Inside 🔵
Plus the business of Telegram Trading Bots and a $180k BTC price target
Read Time: ~5 minutes
⚡Snapshot
Dynamo DeFi community gets points boost for Anzen airdrop - info below
VanEck is targeting $180k BTC this cycle
Telegram bots are earning millions
Ultimate guide to Solana DeFi in December
📖 Recommended Reads
⚡Who’s selling Bitcoin at these prices?
Glassnode has long-term holder metrics show heavy selling activity
⚡No-frills rundown of everything in Crypto x AI this past week
Major updates and other cool stuff
⚡VanEck Mid-November Bitcoin ChainCheck
Solid analysis from VanEck’s Digital Assets arm, they’re reiterating their $180k BTC price target
⚡How exactly is Microstrategy buying all this Bitcoin?
The Kobeissi Letter breaks it down in detail
⚡Sui Blockchain enters strategic partnership with $1.5T asset manager Franklin Templeton
The new partnership focuses on supporting Sui ecosystem builders and deploying novel technologies leveraging the Sui blockchain
⚡VanEck, 21Shares, Canary & Bitwise file for Solana ETFs
The SEC has yet to acknowledge the filings
⚡Exclusive z-points MULTIPLIER for Anzen Airdrop
Dynamo DeFi x Anzen Partnership: For a limited time, get an exclusive boost on ALL your Anzen z-points.
Anzen is a novel protocol built on Base. Anzen created USDz, a stablecoin backed by institutional-grade private credit.
Anzen has already announced an airdrop and is running a points program. You can earn points by holding USDz, with extra bonuses for using USDz in DeFi.
We partnered with the Anzen team to provide our community members with a boost on their z-points. If you hold USDz, and subscribe to the Dynamo DeFi newsletter, you get a boost!
Free subscribers: 5% boost on total points
Pro members: 10% boost on total points
Here’s how to capitalize:
Confirm your subscription email and Anzen Base wallet right here
Subscribe to Dynamo DeFi Pro to get a 10% points boost and institutional-grade DeFi research with a thriving Discord community
Learn more here. This is an exclusive deal for the Dynamo DeFi community.
🔢Onchain Analysis
Telegram Bots Find Product-Market Fit
Monthly DEX volume is at an all-time high, surpassing the high set in November of 2021.
Major DEXs are facilitating the volume, but onchain trading is becoming easier thanks to major UX improvements, courtesy of Telegram bots.
Telegram trading bots are built to make the onchain trading experience easier - users can utilize simple commands to quickly execute onchain orders, and the bots route the orders through DEXs. Trading bots are undoubtedly one of the breakout crypto products we’ve seen come out of this bull run.
Bots are making it easier for users to trade onchain. They’re typically free to set up, and simply charge a percentage fee with each trade.
These bots have become popular for users and are profitable crypto businesses. Sorted by 7 day revenue, seven out of the top 25 protocols are Telegram bots. Three of the top 10 are Telegram bots - Photon, BONKbot & Trojan are the biggest earners.
BONKbot and Photon have earned over $100M in all-time fees. BONKbot & Banana Gun are particularly interesting because they have tokens: BONK and BANANA. BONKbot is an official partner of the BONK community.
For every 1% trading fee BONKbot charges, 10% of that fee is used to immediately burn the BONK token, the memecoin that launched in late 2022 and is now in the top 50 tokens by market cap.
Banana Gun users earn BANANA tokens by making trades, and trading fee revenue is shared with token holders.
Both of these Telegram bots currently earn several million dollars per month, and BONKbot is having its revenue month ever, at $26M in November so far.
Get more in-depth onchain analysis each week, including custom metrics, with Dynamo DeFi Pro
🚜Farm of the Week
🪂 Anzen: Top Stablecoin Farm
Anzen Finance is a unique protocol using institutional private credit to back their USDz stablecoin. We partnered with Anzen to offer Dynamo DeFi members bonuses on their Anzen z-points. These bonuses are only available for this week - they expire December 1st, so act quickly.
How it Works
First, sign up for Anzen with this link, which has my invite code.
Go to the Zap page and convert to USDz from 20+ available networks and tokens.
To earn yield on your USDz and z-points (Anzen’s points program), head over to Aerodrome and supply liquidity to the USDz/USDC pool, currently earning up to 40% APY from trading fees.
This APY will vary depending on the price range of the tokens, but because they’re both stablecoins, we can set a tight price range. Simply confirm a narrow price range, deposit USDC & USDz, and start earning.
See my Anzen overview on YouTube
Risks
Stablecoin depeg risk
Ultimate Guide to Solana DeFi in December
⚡Last Week's Pro Call: The Complete Bull Market Playbook
Our November strategy call just wrapped, and it was packed with actionable insights. We broke down:
The complete ETF landscape: Why institutional money is flooding in and which sectors benefit
Solana & Bitcoin DeFi
Crypto x AI: Agents & Bittensor
Why Base and Sui are attracting major TradFi players (and what they're building)
The DeSci revolution: How blockchain is transforming scientific funding
Our Pro members aren't just learning about opportunities - they're positioning before they go mainstream.
Don't wait for CT to catch up. Join Pro today and get:
Monthly strategy calls with full presentations - recordings & PDFs available
Real-time narrative analysis
Institutional-grade research in plain English
A community of serious DeFi builders & traders
The next call is in December. Lock in the annual rate now and save 17%.
🛠️Tool Spotlight
Santiment Consolidates Crypto Data in One Place
Santiment is a crypto data platform powered by three pillars: Financial, Social and onchain. The platform helps users combine these three pillars to gain insights into the overall market or specific tokens.
Track combined metrics, network growth, MVRV ratios, advanced social data and create watchlists with your favorite metrics to stay on top of your top assets.
You can even dig into granular insights of social media attention, thanks to a ChatGPT integration.
Find more helpful DeFi tools here.
📅Key Events This Week
Macro Events
📊 October New Home Sales data - November 26th
📊 FOMC meeting minutes - November 27th
📊 Q3 2024 GDP data - November 27th
📊 US markets closed for Thanksgiving - November 28th
Token Unlocks
🔓Tokenomist: Track token unlocks and make better investment decisions. Use my code DDNM5 for 5% off Pro Plans.
🔓EIGEN (0.69%) - November 26th
🔓VELO (2.47%) - November 28th
🔓IMX (1.50%) - November 29th
🔓1INCH (7.72%) - November 30th
🔓OP (2.50%) - November 30th
🔓DYDX (1.29%) - December 1st
🔓SUI (2.26%) - December 1st
Launches & Updates
Note that these launches are mostly unvetted by the Dynamo DeFi team and this isn’t an endorsement of any of them.
🚀 RWA token launch - November 25th (Source)
🚀 STRK staking mainnet launch - November 26th (Source)
🚀 HBAR testnet upgrade - November 26th (Source)
🚀 Starknet mainnet upgrade - November 27th (Source)
⚡Favorite Resources
If you want to dive deeper, here are some of my favorite resources:
🛠️ The Dynamo DeFi Crypto Tools List: A comprehensive list of 100+ crypto tools to help with portfolio tracking, analytics, airdrops and more.
🚀 RocketX: The 1-stop-shop to get the best rates for on-chain & cross-chain swaps.
🛡️ Ledger: The smartest way to secure your crypto. Buy & sell crypto with full control over your assets.
For more frequent content, follow me on Twitter and YouTube.
Until next time,
Dynamo DeFi