Weekly DeFi Rabbit Hole by zj.valz
Welcome to the weekly 🐰 hole (30 July 23) of liquidity movements & DeFi analysis, where we uncover key trends and insights into the top protocols and hidden gems.
🐰 Contents:
- Stablecoin flows
- Smart Money Movement
- Top L1/L2 Financials
- Top DAPP Financials
- Movement Analysis
- TLDR
1. Stablecoin flows:
Total Stablecoin MCAP = 123.6 bil, with -0.39% weekly change.
Top 10 Chain (In terms of Stables Mcap)
Top inflows:
- Conflux
- Aptos
- Kava
- Boba
- Waves
Top outflows:
- EthereumClassic
- Crab
- Terra Classic
- IoTeX
- Flow
2. Smart Money Movement:
Cr: @ozfrox
Top Smart money inflows (including stablecoins):
- USDC
- DAI
- Wrapped ETH
- swETH
- Wrapped ETH (Arbitrum)
Top Smart money outflows (including stablecoins):
- USDT
- Tai reflex index
- Pepe
- Unibot
- Balancer Boosted swETH-WETH
Top Smart money inflows (excluding stablecoins):
- Wrapped ETH
- swETH
- Wrapped ETH (Arbitrum)
- wstETH
- HarryPotterObamaSonic10Inu
Top Smart money outflows (excluding stablecoins):
- Pepe
- Unibot
- Balancer Boosted swETH-WETH
- DMT
- Maverick Position-WETH-swETH-1
3. Top L1/L2 Financials:
Fees-Generated
- ETH
- BTC
- BNB
- Arbitrum
- Optimism
Revenue
- ETH
- Tron
- Optimism
- BSC
- Avalanche
DAUs
- BNB
- Tron
- BTC
- Polygon
- Starknet
Active Developers
- ETH
- Polkadot
- Cosmos
- Solana
- BTC
Code Commits
- ETH
- Polkadot
- Solana
- Cosmos
- BTC
4. Top DAPP Financials:
Fees-Generated
- Lido
- Uniswap
- Pancakeswap
- MakerDAO
- Convex Finance
Revenue
- MakerDAO
- Lido
- Maestro
- Synthetix
- Convex Finance
P/F Ratio
Relative valuation of protocols (Lower the no. the “better”)
- El Dorado Exchange
- Solarbeam
- Mummy Finance
- Level Protocol
- SpookySwap
P/S ratio
FDV Mcap/Annualized Revenue (Take this metric with a pinch of salt as revenue figs used could be annualized and not actual revenues earned)
- El Dorado Exchange
- Level Finance
- X2Y2
- Equilibre
- Buffer Finance
Holders Revenue - Cumulative revenue attributable to holders 24 Hours
- Synthetix
- Pancakeswap
- Velodrome
- Radiant
- Curve Finance
DAUs - Daily
- Pancakeswap
- Uniswap
- Stargate
- Worldcoin
- 0x
Trending Applications
- Gnosis
- Arbitrum System
- Xen
- Mintfun
- Gnosis
Raises - Recent funding rounds
- Hashport
- Ethstorage
- Hi
- Rep3
- Aethir
5. Movement Analysis:
Stablecoin flows:
- Total stablecoin market cap remain relatively flat this week at -0.39%.
- Conflux, Aptos and Kava saw the largest stablecoin inflows.
- EthClassic, Crab, Terra Classic saw the largest stablecoin outflows.
Smart Money Movement:
- Mixed Sentiment amongst Smart Money this week.
- We seem to be in a middle of a mini shitcoin season with coins like $HarryPotterObamaSonic10Inu, $ESPR being bought.
- A few notable Alt purchases this week are Thales, Aragon and Level.
L1/L2 movement:
- Another new L2, Base, by Coinbase is live and you can start bridging ETH over, further details can be found here.
- Optimism overthrew Arbitrum this week in terms of revenue generated.
- Starknet has a higher DAU than Eth this week.
DAPP movements:
- Telegram/Discord Bot remains a profitable sector with Maestro and Unibot raking in millions in revenue.
- Velodrome shot up in terms of Revenue ranking this week with the upcoming BASE launch of Aerodrome and airdrop to veVELO holders.
- Alpha drop by @apes_prologue
6. TLDR:
- Mixed signals this week. However, there are opportunities everywhere, don’t give up just because you missed a narrative last week.
- This week’s gains are mostly on the new Base network. But as always ape responsibly as 9/10 of these new coins will rug.
P.s. I may have positions in the projects discussed in this article. Please note that this article is not intended as financial advice, and I encourage readers to conduct their own due diligence and ape responsibly.
Conclusion
That’s it Anon, hope you enjoyed the 🐰hole this week.
