⚡This Chain's Incentives Program is Attracting Capital
Investigating ZKsync's incentives program, local market tops and bull market peak signals
Read Time: ~5 minutes
⚡Snapshot
Frontier ideas for 2025
ZKsync’s 300M Ignite token incentives
Local market tops and what it means moving forward
Use the DeFi Chain Fees Dashboard to see what chains are seeing real activity
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⚡Solana tops charts across the board
The L1 leads or is the runner up in most metrics
⚡Local Tops: what makes the market go up and down
Flows, wealth compounding, and where we are now
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⚡No-fluff toolkit for serious onchain traders
I built the Onchain Academy to be the resource I wish I had.
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Track smart money flows before they trend
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Find the next big airdrops using real data
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🔢Onchain Analysis
ZKsync’s Incentives Attract Inflows
Over the last few months, we saw Solana, Base and Arbitrum dominate net flows. The picture looks different today - Arbitrum and Base still lead the way, but ZKsync saw $250M in net flows over the last 30 days.
ZKsync launched its Ignite incentive program, which is a 300M ZK token stream to DeFi users over 9 months. The tokens are rewarded to users who provide liquidity for token pairs, supply to lending markets and trade on specific protocols.
15 protocols are selected for Season 1 (Jan 6th-Mar 31st). Here’s the list of participating protocols and rewards.
The program is increasing onchain activity. Despite broad market drawdown, ZKsync’s 7D TVL is up over 50%.
ZKsync DEX volume is up 150% since October, but still down almost 90% from the airdrop frenzy peak in February 2024.
🚜Farm of the Week
ETH-USDC on Cetus
If you’re holding ETH, you can get over 200% APR providing liquidity on Cetus.
This pool earns rewards from trading fees and is also receiving additional mining rewards, paid out in SUI tokens.
How it Works
If you haven’t used Sui yet, you can create a Sui wallet using Suiet. Phantom is also integrating Sui into their wallet soon.
To begin providing liquidity, connect your wallet to Cetus and select a liquidity provision range. The ‘Active’ range is still quite wide, so we can do a Custom range.
If ETH falls 15% or rises 30%, you’ll be earning fees on swaps across the entirety of that price range. This asymmetric price range also means we’re providing more ETH than USDC, so we don’t have to tie up too much of our precious USDC.
Enter how much ETH-USDC you’d like to provide, and confirm - you’ll receive a prompt to confirm in your wallet. Once approved, you’re good to go.
You’ll earn fees when swaps are made within your liquidity provision range.
Risks
If price moves out of your liquidity range, you won’t earn fees. Keep an eye on prices and adjust if necessary.
The Ultimate Guide to AI Agents in Crypto
⚡AI Agents: What’s Next?
In last week’s Pro Call, we highlighted:
6 Solana airdrop opportunities
How to think about AI Agents
DeFAI upcoming projects
What the Trump admin means for crypto
The Dynamo DeFi Pro Call is a comprehensive research report I present live to Pro Members.
Along with the report, you’ll also get regular custom research from me, a private Discord with weekly community calls and member-only market videos.
🛠️Tool Spotlight
Bull Market Peak Signals from Coinglass
Bull Market Peak Signals is a dashboard tracking major data-based top signals.
The dashboard updates daily and compiles the result - currently, none of the top signals have been triggered.
More helpful DeFi Tools: The Dynamo DeFi Crypto Tools List
📅Key Events This Week
Macro Events
📊 Federal budget balance - January 13th
📊 December Core PPI Inflation data - January 14th
📊 December Core CPI Inflation data - January 15th
📊 Philly Fed Manufacturing Index - January 16th
📊 7 Fed Speaker Events this week
Token Unlocks: $2.6B Unlocking This Week
🔓Tokenomist: Track token unlocks and make better investment decisions. Use my code DDNM5 for 5% off Pro Plans.
🔓STRK (2.65%) - January 15th
🔓SEI (1.32%) - January 15th
🔓ARB (2.20%) - January 16th
🔓 PRIME (1.42%) - January 17th
🔓APE (2.16%) - January 17th
🔓QAI (4.79%) - January 18th
🔓ONDO (134.21%) - January 18th
🔓UXLINK (15.63%) - January 18th
🔓CLOUD (27.18%) - January 18th
Launches & Updates
Note that these launches are mostly unvetted by the Dynamo DeFi team and this isn’t an endorsement of any of them.
🚀 Nosanna mainnet launch - January 14th (Source)
🚀 DRV launch - January 15th (Source)
🚀 Mintlayer v.1.0.0 launch - January 15th (Source)
🚀 Puffer season 2 launch - January 16th (Source)
🚀 Human AI private beta launch - January 16th (Source)
🚀 Raven quest mobile launch - January 16th (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
Great as always