⚡Dynamo DeFi Pro - 06/28/24

On-chain insights and DeFi strategies

Premium Dynamo DeFi subscribers receive a weekly Dynamo DeFi Pro newsletter, where I share:

1. Latest crypto market trends

2. Trending protocols and chains from on-chain data

3. Current DeFi strategies that I’m using

Other benefits of Dynamo DeFi Pro include:

• Access to a Discord community

• A monthly group Zoom call

• Long form research articles

• Guided research videos

💡Dynamo’s Thoughts

A New Crypto Blue Chip Emerges

In tradfi, “blue chip stocks” are large, well-established companies that have dependable earnings and a history of profitability during good times and bad times. Given this definition, the concept of a “blue chip” might not make a lot of sense in crypto, which is one of the most volatile, fastest-changing industries in the world.

I still find the “blue chip” framework to be helpful in crypto: it classifies coins and tokens that have escaped the altcoin rat race and established themselves as assets likely to be viable investments across multiple cycles.

Unfortunately, most of the tradfi criteria for a blue-chip don’t apply to decentralized protocols. Here’s what I would look for in a crypto blue chip: