⚡Tether Rules Everything Around Me?
Plus Solana comeback, JOE Autopools, and more
The Dynamo DeFi newsletter covers the most interesting stats, trends, and tools in crypto each week.
In this issue:
On-Chain Metrics
Trends & Narratives
Tool Spotlight
Key Events This Week
🔢On-Chain Metrics
Solana Gains TVL Even as Total DeFi Shrinks
Total DeFi TVL shrank slightly from $68.17b to $66.59b. Out of major chains, Solana showed the greatest strength, growing by over 5%.
Accessing unbiased, valuable and useful research in DeFi is a minefield and extremely costly.
That's where Revelo Intel comes in.
They operate a research platform which consists of various tools and research products aimed at helping you identify interesting situations.
If you are actively participating in DeFi, having access to this information is a must!
Sign up for free access to their platform here - https://revelointel.co/joinfree
Promoted Content
USDT Market Cap Hits ATH
Tether’s USDT hit an all-time high in market cap over over $83b this week. This pushed USDT’s dominance of the stablecoin market over 64%, the highest it’s been in over 2 years.
On-Chain Spot Trading Gains Market Share
One of my long-term theses is that more and more economic activity will move on-chain. First economic activity from the crypto market and then economic activity from the real world. This is playing out in spot crypto trading. Since September, the ratio of DEX to CEX spot volume has increased by nearly 200%.
📈Trends and Narratives
Trader Joe Autopools Start Strong
A major obstacle to retail usage of concentrated liquidity has been that it’s difficult to manage. Trader Joe is fixing this with their new autopools. Refreshing to see teams innovating in the bear market. Plus the yields are great right now.
Different Visions for Crypto Scaling
This amazing graphic by Delphi Digital lays out the difference in scaling visions between Ethereum, Solana, Cosmos, and Celestia. Where should the consensus, settlement, and execution take place? This is the best concise summary of these differences that I’ve seen.
China Opens its Doors to Crypto
While US regulators continue their regulatory crusade against crypto, other countries are opening up. Hong Kong opened to crypto trading this week, with Huobi being among the first exchanges to apply for a license.
Concurrently, Beijing released a white paper about web3 innovation and development.
🛠️Tool Spotlight
Track Real World Assets On-Chain with rwa.xyz
Bringing real world assets, like real estate and treasuries, on-chain has the potential to exponentially increase the value of the crypto market. rwa.xyz is the most comprehensive dashboard I’ve found for tracking real world assets in DeFi.
📅Key Events This Week
Accessing unbiased, valuable and useful research in DeFi is a minefield and extremely costly.
That's where Revelo Intel comes in.
They operate a research platform which consists of various tools and research products aimed at helping you identify interesting situations.
If you are actively participating in DeFi, having access to this information is a must!
Sign up for free access to their platform here - https://revelointel.co/joinfree
Promoted Content
That’s all for this week. For more frequent content, follow me on Twitter and YouTube.
Until next time,
Patrick Scott
Dynamo DeFi