Read Time: ~5 minutes
⚡Snapshot
No one is talking about this ETH metric
XRP flips Solana in market cap
Coinbase announces Apple Pay integration
Ultimate guide to Base DeFi in December
📖 Recommended Reads
⚡Coinbase announces partnership with Apple Pay
Use Apple Pay to onboard fiat to crypto in seconds
⚡How to think about narrative rotations in crypto
Attention & price action ping-pong, tips to prevent over-rotating
⚡What is Hyperliquid if you had to explain it to your mom?
The Hyperliquid airdrop changed lives - the CEO of Hyperliquid has the answer
⚡Base is emerging as the center of onchain AI
Agent <> human games, agents becoming top KOLs and more
⚡Two ways people actualize millions this cycle
Find your game and focus
⚡Pantera is loading up on Ethena tokens
$8M in a 24hr span
5 reasons for the surge
⚡Position Like a Pro: Navigate the Bull Run with Multi-Cycle DeFi Veterans
In a market with endless narratives, fake signals and fleeting opportunities, experience is king. Our Sovereign Members have truly seen it all and are calmly executing their next moves.
Just in the last few days, the Sovereign Member Telegram group discussed:
Which narratives they're rotating into next
Technical analysis of this cycle vs previous ones
Early yield opportunities & potential upcoming airdrops
Token entries & exits based on previous cycle patterns
And that’s just the Telegram group. Sovereign Members also get:
Priority access: Submit questions before monthly strategy calls and get personalized slides analyzed live
24-hour response guarantee on all questions
Personal onboarding call to personalize the service for you
There may only be months left in this bull run. Make it count.
Level up to Sovereign Member status
Limited to a small number of serious DeFi users
🔢Onchain Analysis
Ethereum TVL Hits All Time High
The last month has been phenomenal for those holding old school crypto coins.
The price of ETH over the same time period is up 46%. Nothing to laugh at but far less than these coins that tend to be less popular on Crypto Twitter. Underperforming again? Let’s take a closer look.
ETH hit a TVL ATH of over $120B in USD terms (this includes liquid staking). That’s a good start.
Let’s look at Ethereum TVL denominated in ETH. This takes token price appreciation out of the equation. It’s a more fundamental representation of ecosystem growth (more people are putting their ETH to work).
Steadily grinding upward at all-time highs. Another good sign.
Diving into chain activity, we see that Daily Active Addresses for new and returning wallets are up 26% and 10% on the month.
Ethereum is the 2nd highest revenue-earning protocol over the last 30 days.
ETH mainnet is lagging in metrics like Bridged Net Flows and Transactions, but its Layer 2s like Base are still top performers and the landscape seems to be improving for mainnet.
Get more in-depth onchain analysis each week (including custom metrics)
🚜Farm of the Week
AVAX-USDC on Trader Joe
Trading volume on Trader Joe’s AVAX-USDC pair is approaching all-time highs, so liquidity providers for that pair are earning substantial fees. 24hr APR is over 900%.
How it Works
Go to the pool on Trader Joe, Avalanche’s leading DEX. On the Avalanche network, select the AVAX-USDC pool.
LFJ’s standard liquidity shape and price bin settings will work just fine, although if AVAX experiences volatility, you’ll need to adjust the price range.
Specify the amount of liquidity you’d like to add. From there, you’ll need to approve the tokens. After that, you can provide liquidity. LFJ (Trader Joe’s new platform acronym) has helpful dashboards to easily track fees earned, the most profitable price ranges, and any additional rewards.
Bonus for those still reading: LFJ is also on Arbitrum, and there’s an ETH-USDC pool currently earning >100% APR.
Risks
If price moves out of your liquidity range, you won’t earn fees. Keep an eye on prices and adjust if necessary. Learn more about liquidity shapes
Ultimate Guide to Base DeFi in December
⚡I learned crypto the hard way so you don’t have to
In 2021 I learned a painful lesson after losing everything. Here's the system I built to make it all back (and then 10X more)
🛠️Tool Spotlight
Cambridge DeFi Navigator
The Cambridge DeFi Navigator is a DeFi-focused tool covering DeFi 101, an ecosystem map, adoption / comparison models and protocol deep dives.
The ecosystem map and value flows map are helpful for quickly assessing the state of DeFi and the activity share of individual applications within the broader ecosystem.
The DeFi Protocol Dominance Snapshot offers a unique view on successful protocols & their respective TVL shares overtime, dating all the way back to 2018 - all in one interface, making adoption analysis easy.
Check out the full thread on everything this tool has to offer
📅Key Events This Week
Macro Events
📊 November ISM Manufacturing PMI data - December 2nd
📊 Fed chair Powell speaks - December 4th
📊 November ADP Nonfarm Employment data - December 4th
📊 Initial Jobless Claims data - December 5th
📊 November Jobs Report - December 6th
Token Unlocks: $574M Unlocking This Week
🔓Tokenomist: Track token unlocks and make better investment decisions. Use my code DDNM5 for 5% off Pro Plans.
🔓EIGEN (0.69%) - December 3rd
🔓AGI (0.67%) - December 5th
🔓TAIKO (11.38%) - December 5th
🔓CETUS (1.37%) - December 6th
🔓NEON (44.92%) - December 7th
🔓HFT (2.87%) - December 7th
🔓JITO (103.01%) - December 7th
🔓BANANA (7.21%) - December 8th
Launches & Updates
Note that these launches are mostly unvetted by the Dynamo DeFi team and this isn’t an endorsement of any of them.
🚀 Numerai signal V2 launch - December 3rd (Source)
🚀Swarm foundation launches bee V2.3.0 - December 4th (Source)
🚀 ImgnAI deploys on Base - December 5th (Source)
🚀 Gala games $film utility token launch - December 5th (Source)
🚀 StrawberryAI mainnet launch - December 5th (Source)
🚀 KPN token burn - December 5th (Source)
🚀 SOC token migration to Solana - December 5th (Source)
🚀 Raven quest phase 3 launch - December 5th (Source)
🚀 Skygalleon launch - December 5th (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
