Plus: Hyperliquid TVL analysis and a brand new way to view token unlocks

<p><em>Read Time: ~5 minutes</em></p><h2><strong>⚡</strong>Snapshot</h2><ul><li><p>Achieving financial freedom in the changing world order</p></li><li><p>Hyperliquid &amp; Solana activity increasing</p></li><li><p><strong><a href="https://forms.gle/VPzXcfNWyHxFSjFC9" rel="nofollow">Dynamo DeFi subscriber survey</a></strong></p></li><li><p>A brand new way to understand token unlocks</p></li></ul><div><figure><a href="https://x.com/devchart/status/1914317590261882908" rel="nofollow"><div><picture><source><img src="https://static.fwimg.io/img/feed/f8db5f496989d2771df6715014e5e66c.jpg" alt="Image" title="Image"></source></picture><div></div></div></a></figure></div><p><a href="https://newsletter.dynamodefi.com/subscribe?" rel="nofollow"><span>Subscribe now</span></a></p><div><hr></div><h2>📖 Recommended Reads</h2><p><strong>⚡<a href="https://x.com/mikeykremer/status/1913253287299580072" rel="nofollow">Financial Freedom &amp; Neofeudalism</a></strong></p><p>How to navigate the coming world changes</p><p><strong>⚡<a href="https://x.com/zfellows/status/1913268916131954755" rel="nofollow">Nobody Cares</a></strong></p><p>Forget spending mental energy on what you could have done better</p><p><strong>⚡<a href="https://x.com/Defi0xJeff/status/1913222533144580226" rel="nofollow">Bittensor: Darwinian AI</a></strong></p><p>Exciting Bittensor (TAO) updates</p><p><strong>⚡<a href="https://x.com/saylor/status/1914288929173389814" rel="nofollow">Strategy acquires 6,556 BTC</a></strong></p><p>Strategy’s holdings now exceed 538,000 BTC</p><p><strong>⚡<a href="https://x.com/DynamoDeFi/status/1914339658596843922" rel="nofollow">Vitalik’s new blog post has a radical idea for Ethereum</a></strong></p><p>Buterin proposed replacing the EVM with RISC-V for the execution layer</p><div><hr></div><h2>⚡Why do you read this newsletter?</h2><p><em>Help shape the future of Dynamo DeFi.</em></p><p>Our mission is to deliver only what helps you successfully navigate this market.</p><p>What topics matter most to you? Which strategies do you want to learn?</p><p>This 5-question survey will help us understand what’s most valuable to you and will directly influence our content moving forward.</p><p><a href="https://forms.gle/oRNHDuRTVbQ5TixF6" rel="nofollow">Tell Us What Matters in 60 Seconds</a>.</p><div><hr></div><h2>🔢Onchain Analysis</h2><h4>Hyperliquid TVL Approaching ATH</h4><p>Hyperliquid TVL is up 50% in the last month as the onchain ecosystem begins heating up.</p><div><figure><a href="https://defillama.com/chain/hyperliquid-l1?" rel="nofollow"><div><picture><source><img src="https://static.fwimg.io/img/feed/2f19a735ce15087d6cdb2d5fc6e7016b.jpg" alt=""></source></picture><div></div></div></a></figure></div><p>The L1 now has five protocols holding more than $20m in TVL, not including the Hyperliquid DEX.</p><div><figure><a href="https://defillama.com/chain/hyperliquid-l1?" rel="nofollow"><div><picture><source><img src="https://static.fwimg.io/img/feed/ecd5c6cd50c32fcd66d533c2a7de0f58.jpg" alt=""></source></picture><div></div></div></a></figure></div><p>Many protocols have doubled or tripled their TVL in the last 30 days. Some of these protocols are less than 30 days old - that’s why the 1m Change column is blank.</p><p>The Hyperliquid flagship DEX still takes the lion’s share of onchain fees generated.</p><h4>Onchain Volume Holding Steady after Brief Spike</h4><p>Onchain activity is hovering around levels from late October, about six months ago now.</p><div><figure><a href="https://defillama.com/dexs" rel="nofollow"><div><picture><source><img src="https://static.fwimg.io/img/feed/0ccec3844496a1e675d6d81dbb74a10f.jpg" alt=""></source></picture><div></div></div></a></figure></div><p>Most DEXs saw a spike in activity two weeks ago but dropped back again last week.</p><p>Pumpfun launchpad volume remains unchanged but the new product PumpSwap is pushing volume to new highs, and last week was Pumpfun’s highest total volume week ever.</p><div><figure><a href="https://substackcdn.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd63f5b27-b550-407f-ade2-821c8bcbc542_1542x475.png" rel="nofollow"><div><picture><source><img src="https://static.fwimg.io/img/feed/28e1ae3f42bfb4d6f95bbc4dd7214952.jpg" alt=""></source></picture><div></div></div></a></figure></div><p>Pumpfun was the leader in 7d fees and revenue outside of stablecoin issuers.</p><div><figure><a href="https://defillama.com/fees" rel="nofollow"><div><picture><source><img src="https://static.fwimg.io/img/feed/0a8a1edffd673433b4a6741b5b093982.jpg" alt=""></source></picture><div></div></div></a></figure></div><p>Pumpfun’s new PumpSwap product is helping the project maintain a similar level of onchain dominance that we’ve seen over the last year, despite lower total activity.</p><p><a href="https://newsletter.dynamodefi.com/subscribe?" rel="nofollow"><span>Subscribe now</span></a></p><div><hr></div><h2>🚜Farm of the Week</h2><h3>Get Paid to Borrow Against cbBTC on Kamino</h3><p>Kamino is offering a weekly USDC reward in the form of APY to borrow against deposited cbBTC. cbBTC is Coinbase’s wrapped BTC.</p><div><figure><a href="https://app.kamino.finance/" rel="nofollow"><div><picture><source><img src="https://static.fwimg.io/img/feed/6f826d521177a17e3b505da3bd798b90.jpg" alt=""></source></picture><div></div></div></a></figure></div><p>3% APY isn’t exactly a killer yield, but to get paid for borrowing against an asset you’re simply holding can be quite helpful if you need to make a purchase without selling your Bitcoin.</p><h4>How it Works</h4><p>Head to Kamino’s Borrow / Lend page and select the cbBTC Market. Supply TVL is up and to the right - getting wrapped BTC on Solana is a welcome feature for holders who want to put their holdings to work.</p><div><figure><a href="https://app.kamino.finance/lending/reserve/7u3HeHxYDLhnCoErrtycNokbQYbWGzLs6JSDqGAv5PfF/37Jk2zkz23vkAYBT66HM2gaqJuNg2nYLsCreQAVt5MWK" rel="nofollow"><div><picture><source><img src="https://static.fwimg.io/img/feed/bca1edd8ad125a18e5c4316af40f6de6.jpg" alt=""></source></picture><div></div></div></a></figure></div><p>If you’re not holding cbBTC but want some onchain wrapped Bitcoin, you can swap for it anywhere - on Jupiter, in your Phatom wallet, or using <a href="https://swap.kamino.finance/swap/" rel="nofollow">Kamino’s swap aggregator</a>.</p><div><figure><a href="https://swap.kamino.finance/swap/" rel="nofollow"><div><picture><source><img src="https://static.fwimg.io/img/feed/484b1b1d162cc99dae68f0b4b4266b72.jpg" alt=""></source></picture><div></div></div></a></figure></div><p>Just don’t borrow too much against your cbBTC. You don’t want to get liquidated and be forced to sell your Bitcoin.</p><h4><strong>Risks</strong></h4><ul><li><p><a href="https://www.ledger.com/academy/basic-basics/l-doing-your-own-research-dyor/introduction-to-smart-contract-risks" rel="nofollow">Smart contract risk</a></p></li><li><p><a href="https://app.kamino.finance/lending/reserve/7u3HeHxYDLhnCoErrtycNokbQYbWGzLs6JSDqGAv5PfF/37Jk2zkz23vkAYBT66HM2gaqJuNg2nYLsCreQAVt5MWK" rel="nofollow">Liquidation risk</a></p></li></ul><h3>I Turned ChatGPT Into My Personal Crypto Analyst</h3><div><div></div></div><div><hr></div><h2>⚡Capitalize on Volatility with Hyperliquid</h2><p>Hyperliquid is the premiere decentralized perps exchange. It’s one of the best crypto products I’ve ever used.</p><p>It’s fully onchain, with zero gas fees and low trading fees (you’ll get a discount on trading fees by <a href="https://app.hyperliquid.xyz/join/DYNAMO" rel="nofollow">using this referral link</a>)</p><p>If you think the market will drop, you can protect yourself against downside by shorting anything from Bitcoin to AI agent tokens with minimal slippage.</p><p><a href="https://newsletter.dynamodefi.com/p/how-to-use-hyperliquid" rel="nofollow">Get started on Hyperliquid in 2 minutes →</a></p><div><hr></div><h2>🛠️Tool Spotlight</h2><h3>See Token Unlocks in a Brand New Way</h3><p>Use DeFiLlama’s new Token Unlocks Calendar to get a detailed view of upcoming token unlocks.</p><div><figure><a href="https://defillama.com/unlocks/calendar" rel="nofollow"><div><picture><source><img src="https://static.fwimg.io/img/feed/61da4f8310a1f6f9048e2a5e250b620f.jpg" alt=""></source></picture><div></div></div></a></figure></div><p>Get unlock details by month or week, and get a full calendar to better understand what unlocks are coming. You can see unlock frequency at a quick glance.</p><div><figure><a href="https://defillama.com/unlocks/calendar" rel="nofollow"><div><picture><source><img src="https://static.fwimg.io/img/feed/ca3a5e48651f44ca714aafa7a1edbd56.jpg" alt=""></source></picture><div></div></div></a></figure></div><p>DeFiLlama also built a <a href="https://defillama.com/unlocks/calendar" rel="nofollow">TreeMap</a> to see unlocks by month for the rest of the year. Hover over any box to get specific unlock info.</p><div><figure><a href="https://defillama.com/unlocks/calendar" rel="nofollow"><div><picture><source><img src="https://static.fwimg.io/img/feed/560bb42fe2a7e32a0a6d315b51d19a05.jpg" alt=""></source></picture><div></div></div></a></figure></div><p>More helpful DeFi Tools: <strong><a href="https://newsletter.dynamodefi.com/p/crypto-tool-wiki" rel="nofollow">The Dynamo DeFi Crypto Tools List</a></strong></p><div><hr></div><h2>📅Key Events This Week</h2><h3>Macro Events</h3><p>📊 S&amp;P Global Services / Manufacturing PMI data - <strong>April 23rd</strong></p><p>📊 March New Home Sales data - <strong>April 23rd</strong></p><p>📊 March Durable Goods Orders data - <strong>April 24th</strong></p><p>📊 March Existing Home Sales data - <strong>April 24th</strong></p><p>📊 Total of 8 Fed Speaker Events</p><p>📊 20% of S&amp;P 500 companies report earnings</p><h3>Token Unlocks: $490m Unlocking This Week</h3><p>🔓<strong><a href="https://tokenomist.ai/?aff=dynamo" rel="nofollow">Tokenomist</a>: Track token unlocks and make better investment decisions. Use my code DDNM5 for 5% off <a href="https://tokenomist.ai/?aff=dynamo" rel="nofollow">Pro Plans</a>.</strong></p><p>🔓ID (2.94%) - <strong>April 22nd</strong></p><p>🔓EIGEN (0.53%) - <strong>April 22nd</strong></p><p>🔓SHADOW (14.56%) - <strong>April 23rd</strong></p><p>🔓BICO (0.8%) - <strong>April 23rd</strong></p><p>🔓REZ (28.02%) - <strong>April 24th</strong></p><p>🔓MEME (8.03%) - <strong>April 25th</strong></p><p>🔓VENOM (2.86%) - <strong>April 25th</strong></p><p>🔓ALT (7.92%) - <strong>April 25th</strong></p><p>🔓TORN (2.42%) - <strong>April 26th</strong></p><p>🔓 AXL (1.65%) - <strong>April 27th</strong></p><p>🔓UDS (30.54%) - <strong>April 27th</strong></p><p>🔓VELO (2.47%) - <strong>April 27th</strong></p><h3>Launches &amp; Updates</h3><p><em>Note that these launches are mostly unvetted by the Dynamo DeFi team and this isn’t an endorsement of any of them.</em></p><p>🚀 OpBNB mainnet - <strong>April 21st </strong>(<a href="https://x.com/BNBCHAIN/status/1910384588435697690" rel="nofollow">Source</a>)</p><p>🚀 Hedera testnet upgrade - <strong>April 22nd </strong>(<a href="https://x.com/HederaStatus/status/1912201670127415460" rel="nofollow">Source</a>)</p><p>🚀 Injective lyora mainnet - <strong>April 22nd </strong>(<a href="https://x.com/injective/status/1913730041051074844" rel="nofollow">Source</a>)</p><p>🚀 Axie Infinity migration - <strong>April 22nd </strong>(<a href="https://x.com/AxieInfinity/status/1909570928536961213" rel="nofollow">Source</a>)</p><p>🚀 Haven1 mainnet launch - <strong>April 22nd </strong>(<a href="https://haven1.org/blog/haven1-mainnet-update-airdrop-tge-progress-whats-next" rel="nofollow">Source</a>)</p><p>🚀 Layer1X X-MNAIS Testnet Release - <strong>April 24th </strong>(<a href="https://x.com/LayerOneX/status/1905475654461915385" rel="nofollow">Source</a>)</p><p>🚀 Initia mainnet launch - <strong>April 24th </strong>(<a href="https://x.com/initia/status/1912800334197784664" rel="nofollow">Source</a>)</p><p>🚀 Dolomite TGE - <strong>April 24th</strong> (<a href="https://x.com/Dolomite_io/status/1912968870102802930" rel="nofollow">Source</a>)</p><h2>⚡Favorite Resources</h2><p>If you want to dive deeper, here are some of my favorite resources:</p><p>🛠️ <strong><a href="https://dynamodefi.substack.com/p/crypto-tool-wiki" rel="nofollow">The Dynamo DeFi Crypto Tools List</a>:</strong> A comprehensive list of 100+ crypto tools to help with portfolio tracking, analytics, airdrops and more.</p><p>🚀 <strong><a href="https://app.rocketx.exchange/?ref=LM7Xqe1h" rel="nofollow">RocketX</a>:</strong> The 1-stop-shop to get the best rates for on-chain &amp; cross-chain swaps.</p><p>🛡️ <strong><a href="https://shop.ledger.com/?r=65575d7c00d2" rel="nofollow">Ledger</a>:</strong> The smartest way to secure your crypto. Buy &amp; sell crypto with full control over your assets.</p><p>For more frequent content, follow me on <a href="https://twitter.com/Dynamo_Patrick" rel="nofollow">Twitter</a> and <a href="https://www.youtube.com/dynamodefi" rel="nofollow">YouTube</a>.</p><p><a href="https://newsletter.dynamodefi.com/subscribe?" rel="nofollow"><span>Subscribe now</span></a></p><p>Until next time,</p><p>Dynamo DeFi</p>

️Ethereum might be getting a major upgrade

加號：Hyperliquid總鎖倉量分析和檢視籌碼解鎖的全新方式

<p><em>閱讀時間：約5分鐘</em></p><h2><strong>⚡</strong>快照</h2><ul><li><p>在不斷變化的世界秩序中實現財務自由</p></li><li><p>Hyperliquid 和 Solana 活動增加</p></li><li><p><strong><a href="https://forms.gle/VPzXcfNWyHxFSjFC9" rel="nofollow">Dynamo DeFi 訂閱者調查</a></strong></p></li><li><p>瞭解代幣解鎖的全新方式</p></li></ul><div><figure><a href="https://x.com/devchart/status/1914317590261882908" rel="nofollow"><div><picture><source><img src="https://static.fwimg.io/img/feed/f8db5f496989d2771df6715014e5e66c.jpg" alt="圖片" title="圖片"></source></picture><div></div></div></a></figure></div><p><a href="https://newsletter.dynamodefi.com/subscribe?" rel="nofollow"><span>立即訂閱</span></a></p><div><hr></div><h2>📖 推薦閱讀</h2><p><strong>⚡<a href="https://x.com/mikeykremer/status/1913253287299580072" rel="nofollow">財務自由與新封建主義</a></strong></p><p>如何應對即將到來的世界變革</p><p><strong>⚡<a href="https://x.com/zfellows/status/1913268916131954755" rel="nofollow">沒人在乎</a></strong></p><p>不要在思考本可以做得更好的事情上浪費精力</p><p><strong>⚡<a href="https://x.com/Defi0xJeff/status/1913222533144580226" rel="nofollow">Bittensor：達爾文式人工智慧</a></strong></p><p>令人興奮的 Bittensor (TAO) 更新</p><p><strong>⚡<a href="https://x.com/saylor/status/1914288929173389814" rel="nofollow">Strategy 獲得 6,556 個 BTC</a></strong></p><p>Strategy 的持倉現已超過 538,000 個 BTC</p><p><strong>⚡<a href="https://x.com/DynamoDeFi/status/1914339658596843922" rel="nofollow">V神的新部落格文章提出了一個關於以太坊的激進想法</a></strong></p><p>布特林提議用 RISC-V 替換執行層的 EVM</p><div><hr></div><h2>⚡為什麼閱讀這份通訊？</h2><p><em>幫助塑造 Dynamo DeFi 的未來。</em></p><p>我們的使命是隻提供能幫助你成功應對市場的內容。</p><p>對你來說最重要的話題是什麼？你想學習哪些策略？</p><p>這個5個問題的調查將幫助我們瞭解對你最有價值的內容，並將直接影響我們未來的內容。</p><p><a href="https://forms.gle/oRNHDuRTVbQ5TixF6" rel="nofollow">在60秒內告訴我們什麼最重要</a>。</p><div><hr></div></p><h3>Token解鎖：本週解鎖4.9億美元</h3><p>🔓<strong><a href="https://tokenomist.ai/?aff=dynamo" rel="nofollow">Tokenomist</a>：追蹤代幣解鎖並做出更好的投資決策。使用我的優惠碼DDNM5可享受<a href="https://tokenomist.ai/?aff=dynamo" rel="nofollow">專業計劃</a>5%折扣。</strong></p><p>🔓ID（2.94%）- <strong>4月22日</strong></p><p>🔓EIGEN（0.53%）- <strong>4月22日</strong></p><p>🔓SHADOW（14.56%）- <strong>4月23日</strong></p><p>🔓BICO（0.8%）- <strong>4月23日</strong></p><p>🔓REZ（28.02%）- <strong>4月24日</strong></p><p>🔓MEME（8.03%）- <strong>4月25日</strong></p><p>🔓VENOM（2.86%）- <strong>4月25日</strong></p><p>🔓ALT（7.92%）- <strong>4月25日</strong></p><p>🔓TORN（2.42%）- <strong>4月26日</strong></p><p>🔓 AXL（1.65%）- <strong>4月27日</strong></p><p>🔓UDS（30.54%）- <strong>4月27日</strong></p><p>🔓VELO（2.47%）- <strong>4月27日</strong></p><h3>釋出與更新</h3><p><em>請注意，這些釋出大多未經Dynamo DeFi團隊稽核，這並不意味著對它們的背書。</em></p><p>🚀 OpBNB主網 - <strong>4月21日</strong>（<a href="https://x.com/BNBCHAIN/status/1910384588435697690" rel="nofollow">來源</a>）</p><p>🚀 Hedera測試網升級 - <strong>4月22日</strong>（<a href="https://x.com/HederaStatus/status/1912201670127415460" rel="nofollow">來源</a>）</p><p>🚀 Injective lyora主網 - <strong>4月22日</strong>（<a href="https://x.com/injective/status/1913730041051074844" rel="nofollow">來源</a>）</p><p>🚀 Axie Infinity遷移 - <strong>4月22日</strong>（<a href="https://x.com/AxieInfinity/status/1909570928536961213" rel="nofollow">來源</a>）</p><p>🚀 Haven1主網啟動 - <strong>4月22日</strong>（<a href="https://haven1.org/blog/haven1-mainnet-update-airdrop-tge-progress-whats-next" rel="nofollow">來源</a>）</p><p>🚀 Layer1X X-MNAIS測試網釋出 - <strong>4月24日</strong>（<a href="https://x.com/LayerOneX/status/1905475654461915385" rel="nofollow">來源</a>）</p><p>🚀 Initia主網啟動 - <strong>4月24日</strong>（<a href="https://x.com/initia/status/1912800334197784664" rel="nofollow">來源</a>）</p><p>🚀 Dolomite代幣發行 - <strong>4月24日</strong>（<a href="https://x.com/Dolomite_io/status/1912968870102802930" rel="nofollow">來源</a>）</p><h2>⚡最喜歡的資源</h2><p>如果你想深入瞭解，以下是我最喜歡的資源：</p><p>🛠️ <strong><a href="https://dynamodefi.substack.com/p/crypto-tool-wiki" rel="nofollow">Dynamo DeFi加密工具列表</a>：</strong>包含100多種加密工具的綜合列表，可幫助跟蹤投資組合、分析、空投等。</p><p>🚀 <strong><a href="https://app.rocketx.exchange/?ref=LM7Xqe1h" rel="nofollow">RocketX</a>：</strong>獲取鏈上和跨鏈交換最佳費率的一站式服務。</p><p>🛡️ <strong><a href="https://shop.ledger.com/?r=65575d7c00d2" rel="nofollow">Ledger</a>：</strong>保護加密資產的最智慧方式。完全控制購買和出售加密資產。</p><p>欲獲取更頻繁的內容，請關注我的<a href="https://twitter.com/Dynamo_Patrick" rel="nofollow">Twitter</a>和<a href="https://www.youtube.com/dynamodefi" rel="nofollow">YouTube</a>。</p><p><a href="https://newsletter.dynamodefi.com/subscribe?" rel="nofollow"><span>立即訂閱</span></a></p><p>下次再見，</p><p>Dynamo DeFi</p>

以太坊可能即將迎來重大升級

Omni Network 在運營一年半後更名為 Nomina，以 1:75 的比例將Omni代幣兌換為 NOM，承諾擴展友好且易於訪問的 DeFi體驗。
Omni更名為 Nomina，...

Omni更名為 Nomina，並將Omni代幣遷移至 NOM

美國首隻狗DogecoinETF最快可能在下週上線：這將是川普總統任期內加密貨幣市場的新轉捩點。根據彭博社專家Eric Balchunas的最新分析，該交易所交易基金（ETF）…

美國首DogecoinETF 最快將於下週上線

FSC 剛剛發布了有關加密借貸服務的新指南，禁止超過抵押資產價值的槓桿貸款，並將利率上限設定為 20%。
韓國收緊加密貸款，禁止槓桿，將利率限制在 20%
…

以太坊可能即將迎來重大升級

⚡快照

📖 推薦閱讀

⚡為什麼閱讀這份通訊？

Token解鎖：本週解鎖4.9億美元

釋出與更新

⚡最喜歡的資源