Read Time: ~5 minutes
⚡Snapshot
Solana activity is crushing competition
Memecoin trader turns $17 into $3M
Bitcoin, Ethereum, Solana, 60% APY - all in one token
How to make the most of alt season
📖 Recommended Reads
⚡McKenna: Coinbase is Ethereum’s biggest ally
“Coinbase is the Ethereum Foundation of the application layer”
⚡Memecoin trader turns $17 into $3M
The trade of a lifetime
⚡Coinbase Ventures continues to accumulate AERO
Aerodrome powers most of Base liquidity
⚡BlackRock’s IBIT is the fastest ETF in history to hit $40B in AUM
Blackrock customers want more Bitcoin
⚡MicroStrategy acquires additional 50,000 BTC
As of 11/17, MicroStrategy owns 331,000 BTC
⚡RFK Jr is “fully committed” to Bitcoin
Soundbite of RFK Jr revealing where most of his wealth is sitting
⚡Find promising tokens with onchain metrics
The Onchain Academy has 3 hours of content teaching you how to use Artemis, DeFiLlama and other key tools. The goal of this is to make you independent and able to do your own research.
🔢Onchain Analysis
Unheard of Levels of Activity on Solana
Solana activity is up astronomically. Trading volume surpassed $40B over the last week, which is a new record.
Solana did more volume last week than Ethereum, Base and BSC combined.
On October 1st, Raydium (a top DEX on Solana) facilitated $460M in trading volume. In the last eight days, Raydium facilitated at least $3B of volume every single day.
It should be noted that the much of this volume comes from pools on coins that are memes and short-lived; however, the chain seems to have attracted a never-ending supply of these coins and they’re translating into REAL fees for a plethora of Solana dApps.
Despite previous criticisms that Solana’s cheap fees wouldn’t generate sustainable revenue, Solana continues to go toe-to-toe with the highest earning protocols in the industry. Several dApps also now round out the top 10 fee rankings.
Get more in-depth onchain analysis each week, including custom metrics, with Dynamo DeFi Pro
🚜Farm of the Week
JLP - One of the best tokens in DeFi
Jupiter is one of Solana’s most widely-used apps. There are a ton of features to take advantage of and many of them are beginner friendly.
Jupiter’s Liquidity Provider Pool enables users to leverage trade, and rewards users for providing liquidity for the pool. The JLP token is made up of Solana, Ethereum, Bitcoin and stablecoins. It also earns yield from trading fees and trader PnL.
How it Works
The yield fluctuates each week - with increased trading activity, APY typically goes up. APY is currently 66%.
Head to Jupiter’s app and simply swap any token to acquire JLP tokens. There’s no complicated dual-sided liquidity provision here, simply click the Buy JLP button and swap any token for JLP. You’ll begin earning yield and have an index fund of Bitcoin, Ethereum and Solana.
For more Solana DeFi opportunities, check out my Solana DeFi Handbook.
Risks
Concerns surrounding WBTC’s recent ownership change
You’re betting against traders - if traders have a big win on leverage, winnings come from the liquidity pool.
How to Make the Most of Alt Season
⚡DO NOT miss this bull market
“I want to take advantage of these opportunities, but I don’t know how to capitalize.”
We can help.
Dynamo DeFi Pro transforms information overload into actionable insights.
Real-time market positioning alerts. Don't wait for opportunities - get ahead of them!
Weekly comprehensive onchain analysis to spot trends before they go mainstream
Private Discord community access
Institutional-grade monthly presentations
Exclusive educational content that teaches you how to use crucial tools
Stop flying blind. The biggest DeFi opportunity is now - make it count.
🛠️Tool Spotlight
Token Terminal: Fundamental Onchain Analysis
Token Terminal helps you track fees, revenue, earnings, treasuries, and app activity using helpful dashboards and visuals.
Get free curated dashboards to understand specific protocols and narratives on a deeper level.
More helpful DeFi Tools:
📅Key Events This Week
Macro Events
📊 October Housing Starts data - November 19th
📊 Nvidia Reports Earnings - November 20th
📊 Philly Fed Manufacturing Index - November 21st
📊 October Existing Home Sales data - November 21st
Token Unlocks
🔓Tokenomist: Track token unlocks and make better investment decisions. Use my code DDNM5 for 5% off Pro Plans.
🔓ROSE (2.62%) - November 18th
🔓 PIXEL (7.05%) - November 19th
🔓EIGEN (0.69%) - November 19th
🔓HTM (2.41%) - November 19th
🔓SKL (1.06%) - November 20th
🔓HOOK (2.05%) - November 20th
🔓GTAI (1.54%) - November 20th
🔓TRIBL (7.42%) - November 21st
🔓ID (4.29%) - November 22nd
🔓KARRAT (7.70%) - November 23rd
🔓MRS (11.87%) - November 23rd
🔓MURA (34.84%) - November 23rd
Launches & Updates
Note that these launches are mostly unvetted by the Dynamo DeFi team and this isn’t an endorsement of any of them.
🚀 Persistence testnet commences - November 17th (Source)
🚀 Ice mainnet launch - November 18th (Source)
🚀 Sturdy SN10 2.0 release - November 19th (Source)
🚀 Mobox dragon defence game launch - November 19th (Source)
🚀 Bitwise Aptos staking ETP launch on six Swiss exchange - November 19th (Source)
🚀 Bitfinity L2 mainnet launch - November 19th (Source)
🚀 Core fusion upgrade rollout - November 19th (Source)
🚀 Lusko Decun hard fork - November 20th (Source)
🚀 Lisk airdrop launch - November 21st (Source)
🚀 Illuvium Beyond wave 3 launch - November 21st (Source)
🚀 Numa network launch - November 21st (Source)
🚀 AIX token burn - November 24th (Source)
🚀 Shannon upgrade on Pokt network - November 24th (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
