The weekly 🐰 hole (28 May 23) of liquidity movement & DeFi analysis - by zj.valz
Welcome to the weekly 🐰 hole (28 May 23) of liquidity movements & defi analysis, where we uncover key trends and insights into the top protocols and hidden gems.
🐰 Content
-
Stablecoin flows
-
Smart Money Movement
-
Top L1/L2 Financials
-
Top DAPP Financials
-
Movement Analysis
-
TLDR
1. Stablecoin Flows
Total Stablecoin MCAP = 129.31 bil, with -0.43% weekly change.
Top 10 Chain (In terms of Stables Mcap):
Top inflows:
-
Evmos
-
Hedera
-
StarkNet
-
Flow
-
SXnetwork
Top outflows:
-
Syscoin
-
Telos
-
Moonriver
-
Neo
-
Osmosis
2. Smart Money Movement
Cr: @ozfrox
Top Smart money inflows (including stablecoins):
-
Coinbase Wrapped Staked ETH
-
Wrapped BTC
-
USDC
-
MIM
-
Lido staked ETH
Top Smart money outflows (including stablecoins):
-
Wrapped ETH
-
USDT
-
Dai
-
Aave USDTUSDC
-
Wrapped ETH (Arbitrum)
Top Smart money inflows (excluding stablecoins):
-
Coinbase Wrapped Staked ETH
-
Wrapped BTC
-
Lido staked ETH
-
Jimbo
-
Psyop
Top Smart money outflows (excluding stablecoins):
-
Wrapped ETH
-
Aave USDT
-
Wrapped Ether
-
eUSD
-
Frax Ether
3. Top L1/L2 Financials
Fees-Generated
-
ETH
-
BTC
-
BNB
-
Arbitrum
-
Optimism
Revenue
-
ETH
-
Tron
-
Filecoin
-
Polygon
-
BNB
Earnings
-
ETH
-
Tron
-
BNB
-
Optimism
-
Arbitrum
DAUs
-
Tron
-
BNB
-
BTC
-
Litecoin
-
Polygon
Active Developers
-
ETH
-
Kusama
-
Polkadot
-
Cosmos
-
Cardano
Code Commits
-
Internet Computer
-
Kusama
-
Polkadot
-
Cardano
-
Gnosis Chain
4. Top DAPP Financials
Fees-Generated
-
Lido
-
Uniswap
-
Convex
-
Aave
-
Flashbots
Revenue
-
Lido
-
dYdX
-
Opensea
-
Convex
-
Synthetix
Earnings
-
Lido
-
OpenSea
-
Maker
-
ENS
-
GMX
P/F Ratio
Relative valuation of protocols (Lower the no. the “better”)
-
Sonne Finance
-
Hegic
-
Venus
-
Convex
-
Lido
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)
-
Hegic
-
CoW
-
BetSwirl
-
X2Y2
-
Cap
DAUs
-
Pancakeswap
-
Uniswap
-
Stargate
-
0x
-
Metamask
5. Movement Analysis
Stablecoin flows:
-
Total stablecoin market cap continues its downtrend this week at -0.54%.
-
Evmos, Hedera and Starknet are seeing significant stablecoins inflows this week.
Smart Money Movement:
- Smart money continues to accumulate ETH derivatives (Coinbase wrapped staked ETH, Lido staked ETH). LSDfi summer could come sooner than we realise.
L1/L2 movement:
-
Arbitrum maintains its lead as the top L2 this week, with a $2.35 billion TVL in the midst of the current crab market.
-
ZK Sync era TVL continues to climb, becoming one of the fastest L2 to reach $131 million TVL.
DAPP movements:
-
LSD continue to be the top category performer this week.
-
Swell network voyage is now live, pearl airdrops have been confirmed for Stakers and LP participants.
- unshETH dropped alpha in their recent AMA. Here is a quick summary of the current status of unshETH’s roadmap.
- Alpha drop by @apes_prologue
6. TLDR
-
Another slow week as the market continues to chop sideways. It is probably the time to reposition your portfolio into good protocols in profitable categories (e.g. LSDfi, Perpetual Dexes, etc)
-
Truflation’s latest US CPI forecast is at 2.87%. After 18 months of bear/crab, the light at the end of the tunnel seems close.
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.
That’s it Anon, hope you enjoyed the 🐰hole this week.
Follow me @zec_jay on Twitter or subscribe to this substack for more weekly deep dives.
Source:
Credits: