⚡Two Chains with Face-Melting Growth
Plus a DePIN Deep Dive and Q4 Airdrops
Estimated Read Time: ~5 minutes
⚡In Today’s Edition
Base going bonkers
Everything you need to capitalize on Sui opportunities
Airdrops to farm in Q4
Get paid to borrow USDC
📖 Recommended Reads
⚡Sui One-Pager: Your Quick Guide
Key metrics, DeFi strategies and essential tools in one page
6 airdrop campaigns worth joining
DePIN’s Imperfect Present & Promising Future
Thesis, perp DEX landscape analysis and a Hyperliquid Metrics tool
The crypto model that’s winning big
Dynamo DeFi Rewards
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🔢Onchain Analysis
Chains Melting Faces with TVL Growth
Sui & Base are among the highest chain TVL growth this week.
Base
Aerodrome’s TVL is up over 30% in the last week, and 50% in the past month. While industry DEX volume is trending down, Aerodrome’s volume is holding steady.
Steady volume means Aerodrome is earning fees and pulling in revenue - Aerodrome is consistently earning over $1M per week in fees, which annualizes to over $60M.
Sui
Sui TVL surpassed Polygon this week with TVL growth over 50%. Sui protocols are experiencing an explosion in usage.
After a summer lull through June & July, Daily Active Addresses and Daily Transactions on Sui are spiking.
🚜Farm of the Week
Get Paid to Borrow on NAVI
NAVI is the leading lending protocol on Sui, featuring a liquid staking solution and pre-packaged strategies to earn more on Sui LSTs. TVL recently crossed $500M.
How it Works
NAVI is currently running an incentive program for borrowers in NAVI’s lending market. These incentives partially offset the cost of borrowing.
For those looking to earn yield on their assets on Sui, this is a great way to do it. Just be mindful of your position’s health factor.
Risks
Incentives won’t last forever
Do not borrow too much against your lending position, you will put yourself at risk of liquidation
Airdrops, Yield & DeFi Opportunities: Everything You Need to Know About Sei
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🛠️Tool Spotlight
Santiment Powers Your Crypto Data Needs
Santiment is an all-in-one crypto intelligence toolkit, featuring screeners, datasets, chart layouts and community insights.
Track combined metrics, network growth, MVRV ratios, advanced social data and create watchlists with your favorite metrics to stay on top of your top assets.
You can even dig into granular insights of social media attention, thanks to a ChatGPT integration.
More helpful DeFi Tools: The Dynamo DeFi Crypto Tools List
🗳️Prediction Pulse: Forecast the World Better
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📅Key Events This Week
Macro Events
📊 August New Home Sales data - September 25th
📊 Fed chair Powell speaks - September 26th
📊 Q2 2024 Final GDP Reading - September 26th
📊 CZ release from prison - September 29th
Token Unlocks
🔓TokenUnlocks: Track token unlocks and make better investment decisions. Use my code DDNM5 for 5% off Pro Plans.
🔓DYDX (0.9%) - September 24th
🔓VENOM (12.67%) - September 25th
🔓AXL (3.75%) - September 26th
🔓YGG (3.69%) - September 27th
🔓AGIX (1.63%) - September 28th
🔓OP (2.73%) - September 29th
🔓STRK (2%) - September 28th
🔓MAV (4.92%) - September 29th
Launches & Updates
Note that these launches are mostly unvetted by the Dynamo DeFi team and this isn’t an endorsement of any of them.
🚀 Oasy's marketing campaign launch - September 23rd (Source)
🚀 Alice beta v2.0 - September 24th (Source)
🚀 Chromia native staking launch - September 24th (Source)
🚀 Theta edge node for Android devices launch - September 25th (Source)
🚀 Eos hardfork - September 25th (Source)
🚀 Pancake swap first IFO on arbitrum - September 24th - 25th (Source)
🚀 Hamster token launch - September 26th (Source)
🚀 Lost Relics launch on Enjin - September 26th (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