⚡️What to Expect for Digital Assets Over the Next Year
New legislation, Binance’s $100m incentives and 100% BTC yields
Read Time: ~4 minutes
⚡Snapshot
The power of Binance’s $100m incentive program
Senate passes GENIUS Act: what’s next?
The App Onboarding Golfers to Crypto
📖 Recommended Reads
⚡The Senate passes GENIUS Act: what’s next?
What to expect for digital assets over the next few years
⚡What happened this week: a short summary
A one-page summary covering geopolitics, narratives and market reactions
⚡The Lightning Network: Expanding Bitcoin Use Cases
Fidelity Digital Assets report on growing use of Lightning Network
⚡BTC Short-term vs Long-term holders: Who’s winning?
Short-term holders have never been this unprofitable
⚡Despite macro tensions, traders are buying the dip
10 straight weeks of crypto fund inflows
⚡How to Qualify for Hyperliquid Airdrops
🔢Onchain Analysis
Binance’s Incentives are Crushing
Binance Smart Chain (previously BSC, now BNB) saw a major activity surge over the last several weeks.
For the first time ever, BNB flipped Solana in daily Chain Ecosystem Fees.
Binance launched a $100m incentive program on BNB, and it’s been a major contributor to record-setting DEX volume over the last month.
BNB did more volume over the last 30 days than Solana, Ethereum and Base combined. BNB volume dominance is currently around 40%, up nearly 3x from May 1st.
PancakeSwap 30d volume is a similar story; doing $140b in 30 days, more than the next 3 DEXs combined (including Uniswap)
PancakeSwap, Venus and Lista DAO are the three largest protocols on BNB, making up 75% of BNB’s TVL.
Binance has proved itself a force over the last several years in crypto. The incentive program is a big success for BNB activity and helps smaller protocols onchain receive more attention.
The question is: can BNB keep users onchain after the incentives program is over?
🚜Farm of the Week
Earn Nearly 20% APY on WBTC-USD
We’ve talked about Beefy Finance in the past. It’s a crosschain yield aggregator, and it’s quite helpful for finding yield opportunities across the DeFi landscape.
Currently, the WBTC-USDC CLM pool on Arbitrum is yielding 20% APY. Just days ago it was over 100% and it has touched that level periodically.
How it Works
Head to Beefy’s pool and connect your wallet (any major wallet will do).
You can deposit nearly any token on Arbitrum and Beefy will convert for you, or you can directly deposit both WBTC and USDC.
Rewards automatically accrue and are reinvested, and the CLM recalibrates positioning multiple times a day to ensure maximum utilization.
Risks
Impermanent loss
Smart Contract
Protocol layer risk
Risk level: Medium
The App Onboarding Golfers to Crypto
⚡Follow Dynamo DeFi on X
Get daily onchain updates & insights, the latest news and analytics.
🛠️Tool Spotlight
Crypto Bubbles
Crypto Bubbles displays an at-a-glance state of the crypto market with a clean UI.
Get a quick look at a selection of tokens, either the top 100 or the 500-600th ranked by market cap.
More helpful DeFi Tools: The Dynamo DeFi Crypto Tools List
📅Key Events This Week
Macro Events
📊 Fed chair Powell testifies before House financial services committee - June 24th
📊 May Existing Home Sales data - June 24th
📊 US Q1 GDP data - June 26th
📊 US May PCE inflation data - June 27th
Token Unlocks: $40m Unlocking This Week
🔓HYPHEN (0.78%) - June 23rd
🔓VENOM (2.84%) - June 25th
🔓TORN (2.4%) - June 25th
🔓BLAST (34.97%) - June 26th
🔓AXL (1.57%) - June 27th
🔓ACX (22.64%) - June 28th
🔓OP (1.84%) - June 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.
🚀 Golem marketplace explorer release - June 23rd (Source)
🚀 Bloodloop game launch - June 23rd (Source)
🚀 Zilliqa V2.0 mainnet launch - June 23rd (Source)
🚀 OriginTrail DKG core node v8.1.0 release - June 24th (Source)
🚀 Gods unchained new expansion set launch - June 24th (Source)
🚀 CTA blast gameplay test - June 25th (Source)
🚀 ZIGchain mainnet launch - June 25th (Source)
🚀 Humanity protocol TGE - June 25th (Source)
🚀 The Ski lodge launch - June 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.
📈 Hyperliquid: the best onchain trading experience, and the blockchain to house all finance.
🛡️ 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