This Week's Alpha - Newcomers in Liquid Staking Derivatives, News & Catalysts for DeFi, On-chain analysis, And More

Your Alphas curated to save you time

Jan 24, 2023

GM frens.

We’re seeing narratives that we anticipated being played out.
Market is still green, a lot of profit is at our fingertips.

But remember, follow your plan, don’t FOMO, and keep a good risk management.

Today you will find:

TA Predictions
Newcomers in Liquid Staking Narrative
Upcoming Narratives
Bullish News & Catalysts for DeFi products
AI Bullish Events
On-chain Analysis
Best On-chain tools
Dune Dashboards
Wallets to track
Projects to research
L1, DAG, L2, Perp DEX, Options…

And much more!

Your alpha, gathered in the following categories:

1/ Predictions & TA
2/ Narratives
3/ Events
4/ On-chain
5/ Data & Numbers
6/ Projects
BONUS

Find your alpha! 👇

1/ Predictions & TA

Arbitrum will be forced to launch a token

We’ve been hearing about a token for Arbitrum for months now.

TheDeFISaint has a few thoughts on Arbi’s token.

DeFI Saint 🦇🔊 @TheDeFISaint

My thoughts on why Arbitrum will be forced to launch a token. • There have been enough speculation on that already, Masses already tired. • Market Outlook (if continues positively) Last time Arbitrum Surpassed Optimism by Transactions Fees was Sep 2022.

Breakout but no pullback

Interesting commentary on the price action by CryptoCred.

Cred @CryptoCred

Sharing a note from my personal journal. Some commentary on the "breakout but no pullback" type of price action.

A few Wauwda’s indicators & thoughts

8 reasons to be confident about a short term reversal

Technical Analysis is not my main expertise, but these are some interesting indicators.

Wauwda ✏️ @wauwda

People are wondering why I'm confident about at least a short term reversal. So here's 8 reasons why. A 🧵👇🏼

The Hash Ribbon Indicator printed a buy signal on the weekly

The previous times it happened, it was pretty bullish. But indicators are not to be taken alone. This is why a lot of them are combined here.

Wauwda ✏️ @wauwda

The Hash Ribbon Indicator just printed a buy signal on the weekly. Last few times this happened $BTC went up 👇🏼 • 300% (2019) • 48% (2019) • 850% (2020) • 70% (2021)

Interest is slowly coming back

Wauwda ✏️ @wauwda

Interest is slowly coming back to the market, coincided with a shift in market direction translating to higher timeframes, next few months could be interesting.

Bitcoin Dominance increasing

Another bullish metric, provided by CryptoHub210.

Remember we can’t know for sure what will happen, we can just try to analyze indicators & metrics and predict what can likely happen.

A lot of things can turn the situation around:

Another black swan event
Macro & TradFi
Geopolitical issues
…

Crypto Hub💡 @CryptoHub210

#Bitcoin dominance has almost increased 9% in past weeks...(at 44.4% now)🤨 This is typical during a bear market, since investors tend to view $BTC as a safe haven and move their $ from Alts ➼ $BTC Bear markets historically ended when Bitcoin dominance peaked!

Stablecoin supplies remain flat/down

According to tedtalksmacro we’re yet to see if this move was just short liqs or if it will sustain.

Stablecoin supplies are not increasing, meaning no new liquidity is actually being injected into the market.

Still, the current stablecoin supplies are big enough to pump the market for now.

tedtalksmacro @tedtalksmacro

Large USD liquidity spike in tradFi markets last week - should propel US equities next week. Crypto is yet to see any of that, stablecoin supplies remain flat/down. An uptick here would confirm true demand and not that this move is just short liqs imo.

2/ Narratives

2.1/ Liquid Staking Derivatives

How tokens performed

Which LSD tokens performed the best?

Stader & StakeWise are up by a lot but still low caps.

Data provided by TheDeFISaint.

DeFI Saint 🦇🔊 @TheDeFISaint

LSDs has been leading the Run I told you to keep an eye on low caps $SD has done impressively well $FXS led the run for the week. Who's taking over next week?

Liquid Staking Alpha

Good data on the biggest Liquid Staking protocols, provided by ThorHartvigsen.

+ Catalysts below that could have an effect to prices.

Thor Hartvigsen @ThorHartvigsen

Some monday liquid staking alpha, enjoy⚡️ I've also highlighted some catalysts below.

Frax’ $ETH Supply going parabolic

Data provided by Flowslikeosmo.

It seems like FXS is still undervalued even after a +100% on the monthly.

Emperor Osmo🧪 @Flowslikeosmo

The $ETH supply on @fraxfinance is literally going parabolic. $FXS is up +42% as the market realizes they grew supply by +41% in the last month. With 0.32% of the market share, the growth story does not appear to be priced in.

Room for competition

It seems that Rocket Pool & Lido are losing LSD share to competition.

Newcomers like Coinbase are taking market share.

Alpha provided by DefiIgnas

Ignas | DeFi Research @DefiIgnas

1/2 Six months ago, I wrote about how Rocket Pool can catch up to Lido. Since then: • Rocket LSD share dropped from 4.3% to 3.57% • ETH staked grew from 197k to 214k • $RPL price is up by 124% But Lido's LSD share has dropped from 90.5% to 77%. So, bullish?

Ignas | DeFi Research @DefiIgnas

1/ Rocket Pool started to prepare for #ETH staking already in 2017! Yet Lido dominates liquid $ETH with 90% market share, despite announcing itself 1 month before the Beacon Chain launch in 2020 Rocket Pool market share is only 4.3% Why and how can Rocket Pool catch up 🧵 https://t.co/ZTMnZvsCRR

Lowcap LSD: Bifrost

A Lowcap in the LSD Narrative, found by Crypt0_Andrew

NFA. Already did 2X since the call.

Crypto Andrew ✍️🧠 @Crypt0_Andrew

Is it alpha from @DefiLlama ? 👀 ✅28M of staked $ETH 😏 ✅ $BNC MC is only 2.9M ✅Legit and solid project/team @BifrostFinance ✅Totally overlooked on CT ✅Bottomed chart ✅Good PA on increased volume ✅Available on many CEXs (degens can also buy on Astar DEX)

DefiLlama.com @DefiLlama

Now tracking Bifrost staking pools on our Yield Dashboard https://t.co/dInyxjGnzq

2.2/ Others

Weekly Narratives

Find the second edition of the weekly narratives, written by 0xkyle__

There are a few narratives that already played out (might not be finished) like Solana & Aptos, and narratives to keep an eye on like the release of stablecoins from Curve, Aave & Redacted.

Find the analysis in the article.

Kyle @0xkyle__

Weekly Narratives #2 - 16 Jan - 22 Jan, 2023 This one's chock full of information that you don't want to miss.

0xkyle.substack.com0xKyle’s Weekly Market Narratives #2SOLANA. SUMMER. 16 Jan - 22 Jan, 2023

Crypto Narratives Alpha Series

DeFi Prediction Markets is an underrated crypto thesis for 2023 according to ViktorDefi.

DeFi Prediction Markets are speculative marketplaces that allow users to make and trade predictions on future events.
It can be any real-world event ranging from sports to elections to a company's product sales.

Find projects building in this narrative.

Viktor DeFi 🛡🦇🔊 @ViktorDefi

Crypto Narratives Alpha Series 💎 02 DeFi Prediction Markets are arguably the most underrated crypto theses for 2023. A thread on positioning for the gold rush on DeFi Prediction Markets + some alpha drips for you. ↓🧵

How to play narratives the safe way

Tips provided by thedefivillain.

If you want to take more risks for more rewards, buy lower caps in the narrative, newcomers & tokens lagging.

If we take the LSD Narrative, that would be SD for the lower cap, BNC for the “newcomer” (not yet tagged as a LSD token on CMC), SWISE for the token lagging. NFA

VIKTOR @thedefivillain

Easy : - When market goes up, long the best performers : AI coins, metaverse coins, $SOL, LSD tokens during the first two weeks of 2023 - When a narrative takes off, long the leader : $GALA for metaverse, $LDO for LSD

How CryptoHub identified the AI narrative

3 signals that helped them to recognize the narrative early.

Crypto Hub💡 @CryptoHub210

I predicted the AI hype in early December! Since then I made many 3x and 4x trades😮 🧵Here are 3 signals which helped me recognize the AI narrative early:👇

Metaverse Narrative

Metaverse tokens have been underperforming for a while now.

I don’t see this narrative as an obvious one, but some catalysts are here.

Meta has not backed down and is still deep in building a Metaverse.
New VR integrations and headsets for big companies.
Doesn’t seem absurd that tokens that have underperformed for a while but have strong fundamentals may be the first to pump when the market recovers.

Alpha provided by CryptoHub210

Crypto Hub💡 @CryptoHub210

When does CT finally wake up to the Metaverse narrative...🫣 We've been tweeting about it for weeks and already made several 2x trades in this sector Expect some great #Metaverse Threads in the coming weeks🫡

Strong Narratives to keep an eye on for the next bull run

cyrilXBT believes these narratives could remain strong for the next bull run.

I believe L1 & L2 will obviously be strong narratives.
RealYield & Arbitrum are two narratives that started in Bear Market.
RealYield will remain strong.
About Arbitrum, it depends on how goes the airdrop and how the competition evolves. I wouldn’t be a maxi but I believe it remains one of the best L2 and the best ecosystem for innovation.
NFT narrative hasn’t played out yet in this Bear Market so it’s promising.
Liquid Staking should remain strong at least until March. We will then have to see how the narrative evolve with the Shanghai Upgrade.

Cyril - DeFi @cyrilXBT

Strong narratives to keep an eye on for the next Bull Run - Layer 1s & 2s ( $OP, $APT , #Arbitrum, #zkSync , $MATIC , $SUI) - #RealYield ( $GMX, $CRV ) - NFT ( $looks , $PYR , $APE) - Liquid staking ( $Ldo , $Frax) - Arbitrum Eco ( DPX, Y2K, RageTrade )

3/ Events

Latest Developments in DeFi

As always, the weekly alpha from TheDeFinvestor.

Some thoughts I got from it:

Fantom providing funding to ecosystem projects is obviously bullish. Fantom has been quiet for a while but it seems that there is renewal of the ambitions for this ecosystem.
Vela open beta launch date being postponed might have a short-term effect on a potential “sell the news” price action that was anticipated and would be postponed as well.
If Shibarium, Shiba’s L2, is a success, it would be bullish for Shiba and for a memecoin season.

The DeFi Investor @TheDeFinvestor

Latest developments in DeFi👇

Polygon zkEVM Mainnet launch soon

Co-founder of Polygon, sandeepnailwal, announces that they have a date for Polygon zkEVM mainnet launch.

Sandeep | Polygon 💜 Top 3 by impact @sandeepnailwal

Just came out of a high level zkEVM Mainnet launch committee Cant keep calm folks WE HAVE A DATE for mainnet launch! And its SOOON!

Obol raised $12.5M

Obol’s goal is to advance the decentralization of Ethereum's validator ecosystem by building a sustainable protocol and ecosystem for distributed validators.

Obol is working on DVT, a middleware component that acts as an additive layer in the technology stack of any Liquid Staking Protocol.

Obol’s technology is already being tested by Lido.

Obol Labs @ObolNetwork

We're happy to announce that we've raised a $12.5M Series A led by @PanteraCapital and @archetypevc to accelerate our journey of scaling & decentralizing PoS networks!! Some details on why we're excited 🎉🧵 #RunDVT blog.obol.tech/announcing-our…

Treasure’s new Game Builders Program

This is bullish for games on Treasure and the whole ecosystem.

Program supported by Arbitrum.

Treasure @Treasure_DAO

Introducing Treasure's new Game Builders Program (GBP) supported by @arbitrum! ✨ The GBP aims to support and incentivize aligned, high potential games building in the Treasure ecosystem. Find out how you can benefit from building with Treasure and apply for the GBP 👇

GMX Synthetics soon?

Synthetic assets are crypto-assets that derive their value from some other asset (the underlying asset).

The use of an Oracle is needed to have a reliable price feed for the underlying asset.

It means GMX Synthetics will allow to trade a lot more assets like oil, stocks, currencies etc.

Alpha provided by sliux

Saulius 🫐 @sliux

GMX Synthetics on horizon already? First merge into main branch after 3.5 months of development!🚀 @GMX_IO #gmx

TraderJoe’s Tokenomics Revamp

A lot is happening for Joe lately.

They’re expanding to multichain, and rethinking their tokenomics.

Trader Joe🔺💙 | Live on Arbitrum 🌊📘 @traderjoe_xyz

Tokenomics Revamp The following outlines a clear & accessible multichain use-case for $JOE: - $JOE will become a multichain token - sJOE will be available on #Arbitrum and #BNB - veJOE can earn boosted yield from the LB rewards program - rJOE staking will be deprecated

Dopex Launching Atlantic Perps

Alpha provided by Cryptopleb4

Atlantic Perp Protection is live.

Tom 🫐(💎,💎)🏛 @Cryptopleb4

$DPX launching atlantic perps for public soon and you are selling ?

jGLP & jUSDC vaults

Launch is postponed to January 27th.

Jones DAO @JonesDAO_io

It's finally time. We launch our new vaults on January 24th 🤠 jGLP & jUSDC Whitepaper: docsend.com/view/vssn9iprz…

Buffer Finance released their NFT collection: Optopi

A recap of the first few days of Optopi on Opensea, provided by Lysis1501.

Optopi can be used as a profile picture representing Buffer fam and offers key utility to traders trading over the Buffer Platform.

CKBased.bit @Lysis1501

While @bufferbot is being set up, a quick recap of the first few days of #Optopi on @opensea 🐙 OS: opensea.io/collection/the… Mint: optopi.buffer.finance Utility: buffer-finance.medium.com/introducing-op… Minted: 1057/2222 (initial batch) Volume 📈 10 $ETH NFTs sold 💳 111 Notable sales 👇

buffer-finance.medium.comIntroducing OptopiIntroducing Optopi a collection of 8,888 unique, collectible PFP-friendly NFTs on Arbitrum. Optopi can be used as a profile picture…

Big events for AI to come

Alpha provided by SmokeAwayyy.

Elon Musk commented “Big year for AI”.

Smoke-away @SmokeAwayyy

❗Reminders: - OpenAI's GPT-4 is coming. - AnthropicAI's 'Claude' is coming. - DeepMind's 'Sparrow' is coming. - Text-to-Video is coming. - StabilityAI is cooking. - Google is Code Red. - Blake Lemoine was right. Hold on to your papers.

Upcoming Catalysts for Q1

An alpha packed tweet by permanentgainz.

Read everything carefully and draw your own conclusions.

PermanentGainz @permanentgainz

10 upcoming catalysts - Q1 2023.

4/ On-chain

On-chain analysis on a group of wallet holding SHIB

A great analysis provided by Bubblemaps on a group of wallets holding 10% of SHIB supply.

Is this a cause for concern? You will find out thanks to their on-chain analysis coupled with their innovative visual tool.

Bubblemaps @bubblemaps

🚨 BREAKING: this group of wallets controls 10% of $SHIB supply Currently valued over $1 billion What does on-chain data tell us, and is this a cause for concern? 🧵

Best on-chain analytics tools & tracking whales

Most blockchains we use are public. Everything is written into the blockchain and transactions are public.

This is a revolution in the world of finance, so let's use this to our advantage.

An alpha provided by TheDeFinvestor to find the best on-chain analytics tools & track wallets.

The DeFi Investor @TheDeFinvestor

Monitoring the right wallets can help you find the next 100x opportunities. But using the proper tools is a must for doing so. Find out: • the best on-chain analytics tools • why you should track whales Here are the most powerful on-chain analytics tools👇 (most are free)

Token Analyzooor, smart money alpha

A dune dashboard made by defi_mochi to analyze tokens & find on-chain data about accumulation & smart money.

Master this kind of tools and you’ll find your own alpha.

Defi_Mochi (🍡, 📊) @defi_mochi

Wallet watching can get you from $1k to $100k easily with the amount of insider knowledge these wallets possess I've created a dashboard 📈to track cost basis💰, largest labelled 🐋 wallets , accumulation to help you get ahead of every run-up! Let's dive in! 👇 0/7

An example of this tool being used by CryptoYusaku

Cryptoyusaku used it for SD as an example.

𝓒𝓻𝔂𝓹𝓽𝓸𝓨𝓾𝓼𝓪𝓴𝓾⛩️ @CryptoYusaku

1/ If you are researching a token you can use the amazing dune dashboard from @defi_mochi for free. Its called "Token Analyzooor" and shows you in detail, if smart money is slowly accumulating a token. If this is the case, usually they have alpha and you can assume that ...

Insider trading?

RPL got listed on Binance, which led to a 31% increase.

lookonchain found 3 addresses that bought before the listing & sold just after the pump.

Might be interesting wallets to track, if they are still being used.

Lookonchain @lookonchain

1/ After the listing of $RPL on Binance, the price of $RPL increased by 31%. We found 3 addresses that bought $RPL before the listing, then sold immediately after the rose and made a profit.👇

LayerX Capital accumulating SWISE

Still a small holding, but SWISE is a low cap.

Alpha provided by BenGiove.

Ben Giove @BenGiove

Looks like funds are continuing to accumulate $SWISE LayerX Capital bought another $95K on Jan 18, increasing their position by over 3x 👀 Bullish 🐂

Top 11 wallets to track on DeBank

To gain an edge and anticipate moves, you should track what whales are doing.

CJCJCJCJ_ helps us with his top wallets to track on DeBank, and some key things he found.

Huge alpha here.

CJ @CJCJCJCJ_

Missed some of the recent moves that happened? 1 way that will help gain an edge is to follow whales/smart money and check what they're up to. Here's a list of the top 10 + 1 wallets on @DeBankDeFi to see what they're up to!

Daily New Wallets (Market Share)

Optimism is gaining market share over Arbitrum (on daily new wallets) after a period dominated by the latter. However this was before the end of Optimism’s quests.

Alpha provided by Flowslikeosmo
Data provided by defi_mochi

Emperor Osmo🧪 @Flowslikeosmo

The battle for L2 supremacy rages on. $OP appears to be taking a lead over @arbitrum as users have been running here 👇 $GAL @Galxe $UNI @Uniswap $POOL @PoolTogether_ @PikaProtocol $THALES @thalesmarket $SNX @synthetix_io $PERP @perpprotocol $VELO @VelodromeFi

Daily transactions & users dropping on Optimism

Now that Optimism’s quests are over, Optimism’s daily transactions & users are down.

It triggered a thinking process for unhappyben about the return of the quests on Arbitrum.

Data provided by defi_mochi.

Ben @unhappyben

if $OP quests / airdrop drives short term tvl and users, why would $ARBI follow the same and restart quests? Daily transactions and users drop off a cliff after quests whereas @arbitrum are fairly flat across last 3 months

A Dune Dashboard on the Fantom Blockchain Ecosystem

A dashboard provided by HenryBitmodeth.

henrystats.eth 🦇🔊 @HenryBitmodeth

1/ I built a Dune dashboard that visualises data about the fantom blockchain ecosystem. View full dashboard here - dune.com/Henrystats/fan…

BTC Daily Active Addresses

Seems like BTC adoption & use are still doing good.

Data by Flowslikeosmo.

Emperor Osmo🧪 @Flowslikeosmo

A year into the bear market. $BTC daily active addresses +17%

CANTO +58%

Canto is up by a lot after a huge inflow of stablecoins.

Data provided by Flowslikeosmo.

Emperor Osmo🧪 @Flowslikeosmo

$CANTO +58% After seeing a $26.5M inflow of stable coins.

Inflow that has been mentioned by Dynamo_Patrick 10 days ago:

Shiro @CryptoShiro_

$26M of stablecoins bridged to $CANTO yesterday, data provided by @Dynamo_Patrick Is something happening in $CANTO, something to keep an eye on? If you don't know what @CantoPublic is: docs.canto.io

Patrick | Dynamo DeFi @Dynamo_Patrick

$26M of stablecoins bridged to $CANTO today. For context, as of this morning, there were $74M of stablecoins on the chain. So the amount of stablecoins on-chain increased by over one-third in a single day. https://t.co/u0rmTVfqZl

5/ Data & Numbers

Velodrome record

$325,000+ in bribes & fees.

Bullish for Velodrome.

Velodrome @VelodromeFi

And there it is... We've set a new record two weeks in a row. $325,000+ in bribes / fees coming for $veVELO voters. https://t.co/PDaIuQ03Gb

Velodrome @VelodromeFi

Last week, Velodrome set a new record for fees + bribes returning $263,000 in rewards to $veVELO voters. This week we're on track to smash that record, with $215,000 already deposited 3 days from epoch flip. Watch for more bribes from @LidoFinance, @Rocket_Pool, and more... 👀 https://t.co/kdJVKChRYz

Over $3.3M Fees for GMX

Another week over $3.3M Fees for GMX.

+ new APR.

Data provided by AlphaverseDeFi.

Alphaverse DeFi Fund @AlphaverseDeFi

b2b weeks over $3.3m fees for @GMX_IO 👏🏽📊 and with that… new weekly APYs just dropped: - $gmx: 3.7% in $esgmx + 8.3% in $eth (or more with MPs) - $glp: 31.2% in $eth 🤑🫡

User’s Attitude Towards L2

Which is the most well-known Layer2?
Why would a user choose to use an L2 over another?

Data by ETH_Daily.

Ethereum Daily @ETH_Daily

Arbitrum is regarded as the most well-known layer 2 blockchain among generations 👀 @arbitrum, @optimismFND, @zksync and StarkNet also account for a large percentage as these Layer 2 scaling solutions are highly aware among generations 🚀 📍Read more coinwire.com/crypto-report-…

Current Yields on some of the top protocols on Arbitrum

Alpha provided by SteveFig22.

STΞVΞ 🫐 (💙,🧡) @SteveFig22

The #RealYield narrative is trending and #arbitrum boasts numerous protocols that offer it. Here are the CURRENT yields being generated by some of the top protocols if you stake their native token👇

frxETH/ETH LP vAPR

~11.5% vAPR yield on Convex on an ETH pair.

Alpha provided by DeFi_Dad.

DeFi Dad ⟠ defidad.eth 🦇🔊🐼 @DeFi_Dad

The @CurveFinance frxETH/ETH LP staked on the @ConvexFinance @fraxfinance booster (up to ~11.5% vAPR) is the kind of yield that's hard to look past. ✅ Easy ✅ Passive ✅ Battle-tested protocols ✅ Well understood DeFi legos ✅ Like-asset LP with near zero IL

DeFi Dad ⟠ defidad.eth 🦇🔊🐼 @DeFi_Dad

@Route2FI @fraxfinance This would be my choice for one of the top ETH yields for relatively lesser risk. https://t.co/jewIWgRj8Q https://t.co/PoeyTRL3na

Current rDPX price is FUD?

Catalysts, data, memes, everything to explain that rDPX is undervalued.

Alpha by CryptoAndAliens.

Crypto And Aliens @CryptoAndAliens

Me explaining that the current price of $rDPX is FUD Picture/Meme credit to @EddieTowers777, @marwolwarl, and @Tetranode

Good volume & good APY on GainsNetwork

Bullish?

Data provided by Gemhunter9000.

Gemhunter9000 (💙,🧡) + 💜 @Gemhunter9000

What a crazy day for @GainsNetwork_io! ➡️#Arbitrum volume broke $200mil, #Polygon swelled to $150mil itself 🥳 ➡️Indice asset class added yesterday, commodities added today 🤯 ➡️$GNS SSS APYs: 9.5% Poly, 12.8% Arbi ➡️$DAI Vault APYs: 17.2% Poly, 24.8% Arbi Congrats team!

6/ Projects

TL;DR on Cochran’s list

Cochran released a list of projects for 2023.

Here is a TL;DR on this list made by redphonecrypto.

redphone.eth @redphonecrypto

Mr. Cochran blocked me long ago (not sure why), but I respect his voice and have always loved his annual write-ups. Just went through and tl;dr'd his list for 2023 🎈

Find original list here.

Opinion on the list

0xGeeGee is not a fan of Cochran’s list.

Thoughts on missing narratives, and “weird” picks.

0xGeeGee @0xGeeGee

I was about to write a long thread about why this list doesn't make sense, but i don't want to come through as a jerk to the likely great guys working at each of these protocols. So i'll stay generic.

Adam Cochran (adamscochran.eth) @adamscochran

1/268 It's the moment you've waited for, desired and above all else feared. It's time for the 2023 shopping list! (Which is also supporting public goods funding! Woo https://t.co/ktr44571Wp

Is Cochran dumping on his followers?

Weird coincidences and omissions found by Pickle_cRypto.

Pickle @Pickle_cRypto

Not sure if @adamscochran is dumping on his followers, but $RDNT has circulating mcap of roughly $25m, not 2m, as he's ignoring all those staking it. There's also 7 million $RDNT unlocking in 40 mins... (we are at month 7 of the vesting schedule).

Optimism ecosystem & hidden gems

zec_jay looked into Optimism ecosystem and found hidden gems.

zj.valz @zec_jay

$OP’s daily active users (“DAUs”) is increasing, TVL is increasing, and smart money is moving in. Is it time to look into $OP ecosystem and identify hidden gems? Let’s jump in the 🐰 hole to dissect the latest L2 Development.

X2Y2’s potential

The recipe for 100x and why X2Y2 is a good candidate according to CryptoKaduna.

Kaduna (💙,🧡) impostors don't have 35k followers @CryptoKaduna

What's the recipe for 100x? Users + Real Yield 36k monthly users + 31% APR of which 21% is in $ETH These stats in a bear market. Imagine bull market. Funny how my posts on #X2Y2 @the_x2y2 get the least likes, it makes me even more bullish. Not many are talking about it (yet)

Lyra Alpha

Presentation and notes on Lyra.

Provided by VALh0lla.

Val @VALh0lla

We do a little note taking Thanks for the alpha @eli5_defi @0xmjs @itseneff @codyadam_! Was a great call, as an @arbitrum user and option trader I'm very excited for the @lyrafinance integration

Arbitrum (💙,🧡) @arbitrum

https://t.co/IcyAXbUwac

Perp DEX on Metis

The only place to long/short METIS, and a perp DEX on METIS, a growing L2.

Already up by a lot, but still a really low cap. NFA

Alpha provided by Govanisher.

Ser Govanisher @Govanisher

We are up x2 on $tethys and the fun has just began IMO. Launching perp.dex today and tethys.finance will be the only way to long/short $METIS. This should drive some users etc. to it. Lets see how it goes. Nfa

tethys.financeTethysTethys Finance Decentralized Perpetual Exchange

AZERO bullish arguments

Is Azero undervalued?

CryptoGirlNova has bullish arguments.

Crypto Nova @CryptoGirlNova

Is this the most obvious play of 2023? $Azero has accumulated 0.80-1$ for months. With the release of Ink 4.0, smart contracts are on the horizon and adoption is looming around the corner. Wouldn't fade #Azero at 1$ 🔥

A project supported by the Japanese Government

Astar is a project recognized and supported by the Japanese Government.

It’s already a mid-high cap but still under-known.

Alpha provided by CryptoGirlNova.

Crypto Nova @CryptoGirlNova

Another bet I'm taking is $ASTR. It was voted above $BNB and $ETH in Japan and won multiple awards. Officially recognized as a cryptocurrency and not a security by the Japanese government. Also has their full support. Taking a bet on blockchain Japan is taking a bet on #ASTR.

Food for your researches

Some interesting projects on the Arbitrum Ecosystem according to wauwda.

Wauwda ✏️ @wauwda

Interesting projects on the Arbitrum Ecosystem 👇🏼 • @vela_exchange: Perp DEX • @GMX_IO: Perp DEX • @JustBetOfficial: On-chain Gambling • @GainsNetwork_io: Perp DEX • @vertex_protocol: All in one DEX • @STFX_IO: DeFi Marketplace • @GammaSwapLabs: Volatility DEX

DAG tokens

DAG tokens are potential 100x according to MariusCrypt0.

Don’t know what a DAG is? Find your answer here.

James Bull @MariusCrypt0

The future is DAG my friends. They're all potential 100x coins and there's only 7 of them. $DAG $AZERO $KAS $CPH $CMP $SYS $IOTA

A few alts Louis has his eyes on

A few alts LouisCooper_ is waiting for an entry on.

Some projects to DYOR.

Louis Cooper (💙,🧡) 🍄 @LouisCooper_

A few alts I'm looking for entries in if this market sustains: $PENDLE $BLANK $IPOR $imgnAI $UNIDX $SD $SPILLWAYS A lot of projects have already pumped so it's hard to buy tops. Just want more exposure so think the R/R here is worth it, even if we proceed to dump.

Bullish Arguments for STG

Find bullish Arguments on STG, by ZoomerOracle.

Zoomer Oracle @ZoomerOracle

$STG might be the easiest trade in a while

A thread on 28 L1s

Find a thread written by CharlieXDeFi on every L1s from MariusCrypt0’s ranking.

James Bull @MariusCrypt0

Make sure to follow @CharlieXDeFi. For his diploma thesis, he's writing a thread on every of the 28 L1s from my ranking, one every day.

Weekly news & projects launching

Find new projects daily thanks to C4dotgg.

Be careful and DYOR.

C4gg @C4dotgg

💎 New Projects @FinanceFlorence @optimum_fund @powlaunchpad @Orion_Fi @foxifytrade @Mosquitos_Fin @ash_swap @Trellis_fi @DoveProtocol For more info, links and my thoughts on them, do check out the TG! t.me/c4dotgg/737

t.meC^4January 21 📰News @SECGov charged Avraham Eisenberg🔥 Genesis claims $5.1B in liabilities @DCGco statement on Genesis bankruptcy [Project Updates] @AaveAave v3 on ETH launch on 27th if proposal passes🔥 @PlutusDAO_io x @GMx_io treasury swap completed @Beethoven_x update on the Reliquary @Tethysfi…

BONUS

A place to be taken on Solana

There is no clear leader on Solana DeFi. There might be a spot available for people willing to build.

Alpha provided by bennybitcoins.

BEN SPARANG◎ @bennybitcoins

Solana DeFi has effectively experienced a reset post-FTX Users still have liquidity needs, yet there's no clear leaders Rather than parroting "Solana DeFi is dead" Maybe take the blinders off and realize this is objectively the best time to be building product in Solana DeFi

New opportunities always arise

Some advices by TheDeFinvestor on how to take position in this market.

I believe however that taking positions on tokens that made multiple Xs can work on undervalued low marketcap that still have room to grow and are in a favorable narrative. Depends on your risk tolerance.

The DeFi Investor @TheDeFinvestor

Now it's not the time to buy tokens that 3x'd in the past 2 weeks. If you think this crypto rally will continue, look for AI & Liquid staking small caps that haven't taken off. If you wanna play it safer, position yourself for new narratives. New opportunities always arise.

A good question to ask recruiters

To find out if a company has clear expectations.

Crypto jobs may not be clearly bounded or defined, so you must know what suits you.

By CryptoJobsList.

Crypto Jobs List — Solidity Web3 DeFi NFT jobs @CryptoJobsList

What are some of the best questions to ask recruiters while interviewing for a company? I all go first: 🤔 Is this the first time you are hiring for this role? Why is this a good question? Let's dive in:

A friendly reminder

Not every investment has to be made on a revolutionary protocol.

A reminder by LouisCooper_

Louis Cooper (💙,🧡) 🍄 @LouisCooper_

Friendly reminder that not every protocol you're investing in has to revolutionize the space for you to make money. Not every derivative platform has to do a GMX Not all LSDs have to do a Lido run. Can price go up from current entry? Yes/no Hold/cut

Thoughts on not being an ON/OFF investor

1_Point_618 is not an ON/OFF investor. Are you?

Sectio Divina (💙,🧡) @1_Point_618

Was 15,5k $BTC the bottom? Bears & bulls are in perpetual fight. Salty TL. Bears sweating hard. I was like that in '19. Now, I don't give a f*ck. Why? Because I'm not an ON/OFF investor anymore. I am part in stables, part invested. So either way is an opportunity for me. 1/2

MrBeast following AZERO

MrBeast has been following AZERO for a while, might be something, might be nothing.

Info provided by AstralTrading.

Astral @AstralTrading

Might be nothing, but interesting that @MrBeast is following @Aleph__Zero out of the 1860 accounts he's following and 17.7 million followers.👀 $AZERO

He’s apparently invested through a VC.

Info provided by ScruFFuR.

Crypto Max @ScruFFuR

@AstralTrading @MrBeast @Aleph__Zero @AlephSuper He’s invested through one of the VCs

The Current ZK Ecosystem

How big is the zk ecosystem?

Info provided by CryptoBlooom.

CryptoBlooom⚡️(🍄) @CryptoBlooom

The Current ZK Ecosystem

0xFlips the Bottom Callooooor

The bottom Calloooor.

Q @0xFlips

Posted without comment

How early are MushroomHead people?

People at FungiAlpha are on all fronts.

I recommend you have a look at what they’re building.

Find a great Community, Gem calls, Threads, AMA with interesting projects, soon a Newsletter, and much more!

Fungi Alpha (🍄 ,🍄) @FungiAlpha

You probably have heard of @imgn_ai 😉 Our Chad @LouisCooper_ wrote a fantastic thread on the AI-powered platform 👇 (like and retweet would be appreciated) But how early was it when Mushroomheadpeople have found imgnAI? Check below ⬇️

Louis Cooper (💙,🧡) 🍄 @LouisCooper_

I spoke with the @imgn_ai team and asked them the hard questions. Are they here just to compete, or take over? A bull case for $imgnAI 🧵 🤖 https://t.co/apV7XPnyNf

That’s it for today frens!

That was a long issue.

Thank you for sticking around, your future self will thank you.

Don’t forget to follow the people who wrote these threads. They are big brains sharing their knowledge. You can also follow me on Twitter @CryptoShiro_.

If you liked this edition and love to learn and share knowledge about crypto, you can share this post with your crypto frens!

Find this edition on Twitter:

Shiro @CryptoShiro_

I gathered a lot of alpha for you last week 🧵 You will find: ▪️ TA Predictions ▪️ Newcomers in LSD Narrative ▪️ Bullish News & Catalysts for DeFi ▪️ AI Events ▪️ On-chain Analysis ▪️ Best on-chain tools ▪️ Wallets to track ▪️ L1, DAG, L2, Perp DEX, Options... & much more! 👇

Shiro’s Alpha

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