⚡Dynamo DeFi Pro - Week Ending 03/23/24

On-chain insights and my current DeFi strategy

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

1. My current thoughts on the market

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

Telegram as the Crypto Super App

Things are quietly happening on TON, the Telegram-affiliated Layer 1, and most of Crypto Twitter is missing it. Since October, TVL on TON has more than 10Xed to $266M.

This TVL growth has been buoyed by TON’s strong price performance; however, TVL has also been growing in terms of TON.

While still modestly sized compared to TON’s market cap, this growth could be an early sign of things to come in Telegram-centered DeFi. In fact, I believe this opportunity is so massive, that I’m planning to spend serious time this week getting up to speed on the Telegram ecosystem.

The Telegram Thesis

Here’s the thesis in a nutshell: