⚡Everything You Need for This Week in Crypto
⚡Everything You Need for This Week in Crypto
Plus Sei TVL growth, Avalanche yield farms, and more
Estimated Read Time: ~4 minutes
In Today’s Edition:
ETH Spot ETFs expected to launch this week (and other readings)
Sei TVL hits all-time high
Yield strategies on Avalanche
An in-depth blockchain metrics tool
📖 Recommended Reads
ZachXBT breaks down the details
⚡Scroll reaches $1B in TVL, an ATH
Scroll TVL is up 250% in the last month
⚡CoinGecko 2024 Q2 Crypto Industry Report
A comprehensive Q2 report with summarized highlights of market sectors & performance
⚡Crypto investment products saw $1.3B in inflows last week
$3.2B inflows in last 3 weeks
⚡How to Get Rich in Crypto (Without Getting Lucky)
A set of wise principles to guide you in your crypto journey for long-term success
⚡Spot ETH ETFs set to launch July 23rd
Kaiko Research discusses market positioning ahead of the ETF launch
🔢On-Chain Analysis
Sei TVL Hits All-Time High
Since the start of 2024, Sei TVL has skyrocketed from $6M all the way up to $107M today.
Until June, TVL moved in tandem with the price of Sei’s SEI token. As the month of June went on, TVL became more disconnected with the SEI token.
The SEI token has since rebounded in July, but is still outpaced by Sei more than doubling its TVL in the last 30 days.
🚜Farm of the Week
AVAX-USDC on Trader Joe
Trader Joe is one of the largest protocols on Avalanche, with well over $100M in TVL and a successful track record.
How it Works
Provide AVAX and USDC for nearly 340% APR.
Trader Joe also has a bridged ETH and bridged BTC pool, earning 230% and 359% respectively.
To add liquidity, simply choose the amount of tokens to provide, and select the Shape of liquidity (Spot or Curve if you don’t anticipate a lot of volatility, Bid-Ask if you anticipate volatility), and select the number of price bins or the price range. The wider the price range, the less yield you’ll earn, but the broader the volatility you can earn yield on. It’s a balance.
Read more about liquidity shapes and providing liquidity here.
Risks
Impermanent Loss
Top Solana DeFi Strategies for July
⚡Get Better at DeFi with Dynamo DeFi Pro
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Dynamo DeFi Pro members get access to:
⚡Exclusive Discord Community - Engage in lively discussions on trading strategies, on-chain data and airdrop alpha. Learn more here.
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⚡Premium Newsletters & Curated Data Analysis - Receive actionable insights and special in-depth reports on tokens with strong fundamentals.
⚡In-Depth Pre-Recorded Videos - Watch comprehensive videos where I share my research process. View past videos here.
⚡Monthly Group Strategy Calls - Participate in exclusive monthly video calls to discuss market trends, the latest in crypto, and more. Access calls here.
Get ahead with Dynamo DeFi Pro, for just $11/month (less than the cost of lunch in most countries).
🛠️Tool Spotlight
Get In-Depth Blockchain Metrics using IntoTheBlock
Use IntoTheBlock and get a 360-degree view of individual tokens and the broader market. For specific tokens, you can find the percentage of holders that are in or out of the money, trace large transaction volume and track daily active addresses, view token holder distributions, even Telegram sentiment.
You can also use the Perspectives page to view sets of custom dashboards and get additional insights or track specific events & important metrics.
More helpful DeFi Tools: The Dynamo DeFi Crypto Tools List
📅Key Events This Week
Macro Events
📊Existing Home Sales data - July 23rd
📊New Home Sales data - July 24th
📊Q2 2024 US GDP data - July 25th
📊June PCE Inflation data - July 25th
📊Trump speaks at $BTC Nashville- July 27th
Token Unlocks
🔓TokenUnlocks: Track token unlocks and make better investment decisions. Use my code DDNM5 for 5% off Pro Plans.
🔓ID (4.29%) - July 22nd
🔓WLD (1.88%) - July 24th
🔓BICO (0.75%) - July 24th
🔓ALT (42.08%) - July 25th
🔓AVAX (1.33%) - July 25th
🔓YGG (3.74%) - July 27th
🔓AXL (2.68%) - July 27th
🔓AGIX (1.32%) - July 28th
🔓ENA (0.87%) - July 28th
Launches & Updates
Note that these launches are mostly unvetted by the Dynamo DeFi team and this isn’t an endorsement of any of them.
🚀$BTRFLY to $DINERO token swap - July 22nd (Source)
🚀Litentry season 3 Odyssey launch- July 22nd (Source)
🚀BRAWL3RS game alpha release - July 22nd (Source)
🚀 AvailDA mainnet- July 23rd (Source)
🚀VERSUS-X-beta launch- July 24th (Source)
🚀FluxOS V5 launch - July 24th (Source)
🚀ILV Beta game mainnet launch - July 25th (Source)
🚀Mines of Dalarnia $DAR and $LAND staking - July 25th (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