Read Time: ~4 minutes
⚡Snapshot
Solana metrics: leaving humanity behind
Record BTC ETF inflows & a $200k BTC institutional price target
Celestia’s $800M token unlock is upon us
📖 Recommended Reads
⚡Solana is firing on all cylinders
Solana metrics are approaching and exceeding all-time highs across the board
⚡You’re Probably Sleeping on Bittensor (TAO)
Is the biggest crypto x AI project already here?
⚡Stacks Nakamoto Release is coming
Faster & more secure: a bright future ahead
⚡Substantial token unlocks this week
Celestia leads the way, Optimism and Sui follow - get major token unlock data
⚡Stripe’s Acquisition of Bridge is a Stroke of Genius
Stripe adding Bridge to its arsenal could transform trillions of dollars in yearly B2B payments
📢Big Stories
📢Bitcoin ETFs Experience Record Month
Another $900M last week, 4th largest month of inflows ever
📢Tether (USDT) Potentially Facing Criminal Investigation
A Wall Street Journal article says federal government is investigating, Tether CEO calls the report “old noise”
📢Bernstein publishes 160 pages on why BTC will hit $200,000 by end of 2025
“This new institutional era, in our view, could push Bitcoin to a high of $200,000 by 2025 end”
⚡How I Evaluate Tokens with Onchain Metrics
I explain exactly how I use Artemis, DefiLlama and other crucial tools to find gems with the Onchain Academy
🔢Onchain Analysis
Solana Metrics Hit New Highs in Dominance
Nearly all major Solana metrics are rising, at all-time highs, or surpassing all-time highs. In terms of dominance, Solana’s TVL and DEX volume comprise a higher share of DeFi usage than ever before.
Daily Active Addresses and Stablecoin Transfer Volume are rising steadily. Both metrics are up 2-3x since August.
After ranging for six months, Solana TVL on DeFiLlama soared above 2021’s all-time high and is now approaching $12.5B, second only to Ethereum.
Volume on Solana Decentralized Exchanges also reached a new level of dominance, rising to 1/3 of all volume on a weekly basis.
🚜Farm of the Week
Earn Yield with BTC on Aerodrome
New ways to earn on Bitcoin are appearing every week. Last week Solv Protocol launched 3 new pools on Aerodrome, and many of Aerodrome’s Bitcoin pools are printing fees for liquidity providers.
If you have BTC and want to earn yield, here’s the list of available Aerodrome pools to start earning.
How it Works
A favorite pool right now is the USDC/cbBTC concentrated liquidity pair. cbBTC is a wrapped BTC backed by Coinbase, which can be acquired here.
The concentrated nature of this pool means the price range in which users earn fees is narrow. The APR changes often, but liquidity providers can earn anywhere from 20-110%.
The Common Price Range earns 40% APR and covers a reasonable range of Bitcoin prices.
To deposit, simply hold USDC and cbBTC in your onchain wallet and choose the amount.
Risks
You must trust Coinbase to keep your BTC reserved in exchange for cbBTC
If Bitcoin price drops out of the selected range, there will be no fees earned. Ensure your price range covers the price of Bitcoin
Restaking, Meme Coins, AI & Politics: Check Out My New Podcast Moon Math!
⚡Get the Best DeFi Strategies
Real-time market health insights, airdrop opportunities, and the best DeFi strategies. Learn from top-tier experts and find the highest yields with our research-backed approach.
Start capitalizing on more crypto opportunities. Click here to join the Dynamo DeFi Pro Community
🛠️Tool Spotlight
Artemis: A Crypto Research Staple
Artemis is an analytics platform designed to help you make use of blockchain data.
Artemis has institutional-grade metrics on chains and protocols and the ability to create your own custom metric dashboards.
A particularly helpful tool is the Flows page which has five different Flow displays - so you can see when money is leaving an ecosystem and where it’s heading.
Compare Application Activity across chains and time frames to see the most popular apps and understand when new trends are forming.
More helpful DeFi Tools: The Dynamo DeFi Crypto Tools List
📅Key Events This Week
Macro Events
📊 JOLTs Jobs data - October 29th
📊 US Q3 2024 GDP data - October 30th
📊 October Jobs Report - November 1st
📊 ~20% of S&P 500 companies report earnings
Token Unlocks
🔓Tokenomist: Track token unlocks and make better investment decisions. Use my code DDNM5 for 5% off Pro Plans.
🔓TIA (80.13%) - October 30th
🔓STRK (1.83%) - October 29th
🔓MAV (4.38%) - October 30th
🔓OP (2.50%) - October 31st
🔓SUI (2.32%) - November 1st
🔓IMX (1.98%) - November 1st
🔓ZETA (11.72%) - November 1st
🔓DYDX (1.29%) - November 1st
🔓 GAL (3.27%) - November 1st
🔓AGI (2.85%) - November 1st
Launches & Updates
Note that these launches are mostly unvetted by the Dynamo DeFi team and this isn’t an endorsement of any of them.
🚀 Stacks Nakamoto release - October 29th (Source)
🚀 Plutus launches metal card for EU customers - October 28th (Source)
🚀 Spectre AI search engine app release - October 28th (Source)
🚀 Ethernity chain mainnet - October 29th (Source)
🚀 Aergo v4 hardfork on mainnet - October 29th (Source)
🚀 Venko launches Allenium platform - October 30th (Source)
🚀 R Games beta release - October 3oth (Source)
🚀 Elixir mainnet phase 1 - October 3oth (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
