Aptos TVL Quietly Surges

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Dynamo DeFi
2 days ago

Estimated Read Time: ~5 minutes

In Today’s Edition

  • Sectors & projects with the most potential

  • 2 Sei airdrop opportunities

  • Fed interest rate decision this week

  • Visa’s stablecoin report

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🔢Onchain Analysis

Aptos Fundamentals Quietly Strengthen

Protocols like Sui and Sei have received lots attention lately as their TVLs and overall usage grow.

In the last month, Aptos saw similar growth without the same appreciation in token price as Sui, for example. TVL is up nearly 20% in the last month.

A good way to measure true TVL growth is to denominate TVL in a chain’s gas token, in this case APT. Given the increase in TVL in dollar terms and a decrease in the APT token price, we can see a much clearer growth picture when we denominate the chart in APT.

35x TVL increase in less than a year

Year-to-date, monthly active addresses on Aptos doubled, with 3 months of consecutive growth.


🚜Farm of the Week

2 Sei Airdrop Opportunities at the Same Time

Sei is an up-and-coming layer 1 chain that’s catching fire. If you’re holding SEI tokens, or want to hold SEI tokens & accumulate more, this is a good way to capitalize on the chain’s growth.

How it Works

  1. Bridge to Sei from any chain using RocketX Exchange

    1. You can cross-chain swap nearly any token from any chain

    2. Select Sei as the destination chain and SEI as the end token

  1. Liquid Stake SEI through Silo Stake

    1. Points program coming soon

    2. Earn 4% on SEI tokens while receiving iSEI tokens that you can use anywhere in the ecosystem

  2. Supply iSEI on Yei Finance

    1. Ongoing points program

    2. Earn an additional 4% on iSEI tokens

Risks

More Yield Farms in September for Airdrops & Income


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📅Key Events This Week

Macro Events

📊 August Retail Sales data - September 17th

📊 Fed Interest Rate Decision - September 18th

📊 FOMC press conference - September 18th 

📊 US crypto hearings - September 18th

📊 August Existing Home Sales data - September 19th

Token Unlocks

🔓TokenUnlocks: Track token unlocks and make better investment decisions. Use my code DDNM5 for 5% off Pro Plans.

🔓ARB (2.65%) - September 16th

🔓APE (2.31%) - September 17th

🔓PIXEL (7.05%) - September 17th

🔓PRIME  (1.62%) - September 17th

🔓 ZETA (2.33%) - September 17th

🔓FTN (2.1%) - September 19th

🔓MANTA (2.62%) - September 19th  

🔓BICO (0.75%) - September 22nd

🔓ID (4.29%) - September 22nd

Launches & Updates

Note that these launches are mostly unvetted by the Dynamo DeFi team and this isn’t an endorsement of any of them.

🚀 Solplex beta launch - September 16th (Source)

🚀 Axon DAO withdraw feature launch - September 17th (Source)

🚀 Qorpo token burn - September 17th (Source)

🚀 K9 mainnet launch - September 18th (Source)

🚀 Dusk mainnet launch - September 20th (Source)

🚀Konnekt VPN token burn - September 20th (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.

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Until next time,

Dynamo DeFi

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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