🌊 Wave Wisdom - February 1st, 2024

DATA
Key Prices

BTC $42,089 (-1.32% 24h)

ETH $2,265 (-1.50% 24h)

SPY $488.62 (-1.63% 24h)

DATA
Market Overview

Total Market Cap $1.61T (-1.43%)

Total Volume $61.26B (2.21%)

BTC Dominance 51.15% (0.05%)

ETH Dominance 16.87% (-0.01%)

DATA
Protocol/Chain Fees (24h)

The key to reading this graphic is to look for new entrants. This shows they are gaining adoption.

DATA
CEX Inflows & Volume

In order by assets

YIELD
Stablecoin Yields

Criteria: Stablecoins in audited pools with 20% or higher APY and greater than $200k TVL

MIM-USDC-USDT on Abracadabra with $13.39m TVL and 86.33% APY

DOLA-USDC on Aerodrome with $4.05m TVL and 60.72% APY

USDC-USD+ on Aerodrome with $3.91m TVL and 52.37% APY

EUSD-USDC on Aerodrome with $3.45m TVL and 52.33% APY

MIM-ARBUSDCE-USDT (... on Beefy with $2.9m TVL and 49.50% APY

DOLA-USDC on Aura with $2.79m TVL and 45.25% APY

USDC-MAI on Aerodrome with $2.48m TVL and 40.89% APY

USDC on HoldStation DeFutures with $2.12m TVL and 31.35% APY

USDT on Interport Finance with $1.69m TVL and 23.65% APY

GLPUSDC on Umami Finance with $1.27m TVL and 21.56% APY

NEWS
Talk of the Town

Diving into today's newsletters, we're unpacking the latest from the DeFi and blockchain ecosystems. No fluff, just the essentials.

Linn's Leverage #277 is buzzing about RabbitX, a DEX offering 20x leverage and no gas fees, backed by the OATH Foundation. They're also big on Thena, a next-gen Liquidity Layer on BNB Chain. Meanwhile, MIM's got hit by an exploit, but the deets are scarce. Linn's keeping it real, assuring readers that sponsorships don't cloud his judgment.

Castle Chronicle's got the scoop on FTX offloading a cool billion of Grayscale's Bitcoin ETF. Harvest Fund's chasing a spot Bitcoin ETF in Hong Kong, and Mt. Gox is finally sorting out repayments. On the project front, we've got exploits hitting GAMEE, SwarmMarkets, and SomeSing. Drama's brewing between Ape Terminal, SatoshiVM, and KOL, while Polygon Labs is pushing out Aggregated Blockchains. OpenSea's eyeing acquisitions, and Orbiter Finance is stepping up with its own L2.

The Humble Farmer's Digest is eyeing Synonym Finance, a cross-chain lending market ready to shake things up post-merge with New Order DAO.

Trestle's making moves within Celestia, and INIT Capital's Liquidity Hook Money Market is one to watch. They're also tracking Eesee, Euclid Finance, and Hyperline, with ClayStack launching a Modular DVT based LRT.

Revelo Intel's all about the Mantle ecosystem. They're dishing out lifetime memberships for their intel service, with Mantle's ecosystem flourishing thanks to BitDAO's treasury. Range Protocol's aiming to revolutionize asset management, while INIT Capital's Liquidity Hooks could be a game-changer. Keep an eye on Ethena, Ondo, Butter XYZ, Tsunami X, Mintle, Cleopatra, and Aurelius. MethLab's a lending platform to watch, and Merchant Moe is Trader Joe's liquidity play.

Check out the sources for the full lowdown:

Linn's Leverage #277 Castle Chronicle The Humble Farmer's Digest Revelo Intel Mantle Ecosystem

SENTIMENT
Trader Thoughts

We bring you the best thoughts from top traders and assign a score to their bullishness. 1 being max bearish and 100 being max bullish.

Bullishness Score: 50 (23.6% 24h Δ)

Let's dive into the ct traders' market outlook over the past 24h.

@SalsaTekila seems to expect an upcoming market pump and mocks those shorting the market, suggesting bullish sentiment.

@Awawat_Trades shares varied sentiments through retweets, indicating that market direction may depend on whether the price rises or falls, and hints at the current selling pressure being an opportunity for bankers.

@deltaxbt's exchanges with @RunnerXBT have a light-hearted tone, indicating a sense of community among traders, but offer no clear market direction.

@CryptoParadyme has a mixed outlook, noting past February patterns as traditionally bullish for Bitcoin, and points to $COIN as a play with potential for a price drop to an "optimal" $100.

@TraderKoz offers practical advice for capitalizing on the market, and conditions his trading approach on Bitcoin's movement around the yearly open.

@Bluntz_Capital expresses skepticism about being the main character in trading narratives and discusses token dynamics, suggesting caution and a focus on avoiding becoming excessively prominent.

@TraderMayne observes the market progressing towards lower levels, indicating a bearish trend, while also engaging in content unrelated to market sentiments.

@crypto_iso tweets about a successful short position, indicates a bearish perspective, and plans a break from the market, suspecting a period of consolidation.

@Pentosh1 reflects philosophically on trading, emphasizing the importance of managing risk and the instructive value of losses in becoming a successful trader.

Overall, ct traders exhibit a blend of bullish and bearish attitudes with a strong focus on market analysis, strategy, and managing risks. It's clear these traders are fucking in deep, strategizing every goddamn move in this chaotic market.

SENTIMENT
Gem Hunter Thoughts

We bring you the best thoughts from top gem hunters and assign a score to their bullishness. 1 being max bearish and 100 being max bullish.

Bullishness Score: 65 (-35.3% 24h Δ)

Let's dive into what the gem hunters on ct are eyeing over the past 24h.

@CryptoDamus411 is convinced that $SSV is still flying under the radar, touting its tech as a valuable asset for Ethereum and Restaking. This gem hunter's conviction is based on the belief that $SSV's technology is fundamentally strong and undervalued.

@thedefivillain has thrown in an interesting perspective on $FXS, suggesting that its fully diluted value (FDV) might be significantly undervalued at $1 billion, considering its potential valuation as a Layer 2 solution.

@Crypt0_Andrew is bullish on $ORDS, highlighting a partnership with @DWFLabs as a strong reason to strengthen his thesis. He's impressed with the team's track record of constant delivery, good partnerships, and upcoming catalysts like the V2 release.

@anger_trading and @Govanisher are both eyeing $TRU from @Truebitprotocol, with anger_trading predicting it could break into the top 100s when it hits its stride, thanks to its data verification capabilities.

$INS from @inscribe_app has garnered significant attention, with @defi_antcrypto, @crypto_popseye, @Govanisher, @ZheBrigadier, @Rationalape1, and @CryptoDamus411 all commenting on its potential. The interest seems to be driven by Binance's involvement in inscriptions and the token's strong launch and post-launch price action.

@ChadCaff has spotlighted $VINE from @Vine_Money, pointing out its status as the first privacy-focused omnichain stablecoin on Oasis.

@V2Chenz has shared insights on $PGPT from @PrivateAIcom, emphasizing its potential in enhancing fields like medical research, space exploration, and longevity advancements through AI and a decentralized infrastructure.

@BlocksNThoughts has put his money on $MXM from @MixMobOrigin, predicting it to be one of the top gaming performers of 2024 due to its engaging gameplay and potential to attract retail users.

Lastly, @TheEuroSniper and @BlocksNThoughts have shown interest in $SOUTH from @DeepSouthAI, with updates on the integration of Bittensor's Language Model, which could be a game-changer for the project.

In summary, the tokens that have ct buzzing with bullish sentiments are $SSV, $FXS, $ORDS, $TRU, $INS, $VINE, $PGPT, $MXM, and $SOUTH. Each of these tokens has been highlighted for their unique technological advantages, strategic partnerships, or promising market actions.

Mentioned Coins

Disclaimer: This process is automated, so the links may be different than the coin actually mentioned.

SSV Network ($SSV ) | Coinbase Ventures Portfolio

Frax Share ($FXS ) | Curve Ecosystem

Ordiswap ($ORDS ) | BRC-20

Truebit Protocol ($TRU ) | Ethereum Ecosystem

iNFTspace ($INS ) | Polygon Ecosystem

MixMob ($MXM ) | Solana Ecosystem

DeepSouth AI ($SOUTH ) | Ethereum Ecosystem

SELL THE TOP
Coinbase App Store Ranking

When this hits #1 the top may be in. Until then, we grind.

Overall Ranking

#475 (0% 24h Δ)

Finance Category

#43 (0% 24h Δ)