⚡RWAs Get a Real-World Boost from Blackrock
Plus Coinbase's Base chain, a social analytics tool, and more
The Dynamo DeFi newsletter covers trends, on-chain analysis and tools in crypto each week. Be sure to also check out my YouTube for more regular content.
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📈Trends and Narratives
RWA’s Get a Real-World Boost from Blackrock
The Real World Assets (RWA) sector got a major boost this week after Blackrock launched a $100M tokenized fund on the Ethereum blockchain.
The fund will operate similarly to a short-term money market with a focus on short-duration securities. After the news, the RWA sector was up across the board.
While it’s been a rough two years for most RWA protocols, Blackrock USD Institutional Digital Liquidity Fund (BUIDL) could breathe new life into the sector.
How to Capitalize
Get a better understanding of the RWA landscape. Stablecoins are crypto’s current killer-app, and tokenized treasuries / securities are growing quickly.
Many of these protocols could partner up with on-chain institutional funds in the near future. Which protocols have partnerships already? Which protocols have the fastest-growing TVLs? (here’s a hint: track RWA protocol TVL here)
Thanks to Ethereum blockchain transparency, we can watch Blackrock make moves in real-time. Track Blackrock’s wallet here.
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🔢On-Chain Analysis
Base DeFi Reaches New Heights
Coinbase’s Base chain experienced a high in on-chain metrics this week as both liquidity and activity shifted to that chain. Even after this growth, there are a lot of reasons to think more activity still will move to Base:
Coinbase is going to make it seamless for their 10s of millions of users to buy tokens directly on Base
Friend.tech will likely do a large airdrop on Base soon
The DeFi ecosystem on Base is still relatively young
If Coinbase can execute on its vision, then Base could reach at least BSC levels of activity.
For a deep dive on Base, check out this article I published last week:
🚜Farm of the Week
SOL/USDT on Orca
Orca is a user-friendly concentrated liquidity AMM on Solana. Even if you haven’t used Orca directly, you’ve probably had Jupiter swaps routed through Orca. The project has been around since 2021, and currently has over $250M in TVL.
How it Works
Orca makes farming easy, you can deploy in just a few clicks. The yield is broken down by 24hr periods, so at the time of writing this yields 0.296% x 365 = 108% APY
Risks
Here are the farm’s APY details on DefiLlama - TVL is strong and Orca is reputable.
🛠️Tool Spotlight
AI-Driven Extension to Analyze Tokens on Twitter
I’ve been looking for new tools to assist with social analytics. XAlpha fits the bill. This browser extension provides advanced social metrics including trends and top influencers for specific tickers.
Last Week to Purchase Double Your DeFi
The bull market is here. Are you prepared to make the most of it?
My friend The DeFi Edge and I are teaching another cohort of our Double Your DeFi course this April. This is an intensive course to transform your DeFi skills in 5 weeks.
Spots are limited and this course is on track to sell out.
📅Key Events This Week
Macro Events
📊 FOMC Member Bostic speaks - March 25th
📊 FOMC Member Waller speaks - March 27th
📊 FED Chair Powell speaks - March 29th
📊 FOMC Member Daly speaks - March 29th
Token Unlocks
🔓 DAO (0.57%) - March 25th
🔓 FITFI (2.37%) - March 26th
🔓 AXL (4.91%) - March 26th
🔓 YGG (5.39%) - March 27th
🔓 AGIX (0.69%) - March 28th
🔓 OP (2.40%) - March 29th
🔓 ALICE (0.94%) - March 29th
Launches
Note that these launches are mostly unvetted by the Dynamo DeFi team and this isn’t an endorsement of any of them.
🚀 $PYR Staking launch- Mar 25th (Source)
🚀 Hercules DEX launch- Mar 25th (Source)
🚀 $PUMP airdrop to 1million BNB users - March 25th (Source)
🚀 Kameleont smart contract launch- March 25th (Source)
🚀 Notional V3 mainnet launch - March 25th (Source)
🚀 Shanghai mainnet upgrade on Immutable - March 26th (Source)
🚀 SaitaChain mainnet launch - March 26th (Source)
🚀 Python enablement on Algorand for Devs- March 27th (Source)
🚀 Brick Pop game launch on SUI- March 27th (Source)
🚀 TokenFi mainnet launch - March 28th (Source)
🚀 Artyfact NFT marketplace launch - March 28th (Source)
🚀 Hydranet NOVA wallet launch - March 29th (Source)
🚀 FluxEdge launch for computational resources - March 29th (Source)
That’s all for this week. For more frequent content, follow me on Twitter and YouTube.
Until next time,
Patrick Scott
Dynamo DeFi