This Week’s Fundamentals
$AAVE V3 goes live on Ethereum. It allows increased capital efficiency and composability for assets
$DYDX investors’ unlock postponement to December, worth $185M and that would double the current circulating supply
Jones DAO is launching two new strategies on January 27th. Users can earn boosted real-yield from GMX, and the fees are distributed back to $JONES holders
$CANTO soars 200% in the week after Variant announced its investment thesis. Contract Secured Revenue was also enabled, a fee split model that shares network fees with builders. It also sits at #11 in DEX weekly trading volume, ahead of chains such as Tron, Near and Aptos
$BTC dominance rises 9% to 44.5%, a level not seen since June 2022
$GNS breaks ATHs in both price and volume after starting its trading competition. Gains Network also ranks as the fourth crypto protocol in earnings in the past 6 months per Token Terminal
Treasure DAO announces MagicSwap v2, an innovative AMM that unlocks a whole new user experience and better design for web3 games, with $MAGIC as its governance and fee token. It will be available in early Q2 2023
$TRX liquid staking and resource marketplace announced, increasing the overall staked $TRX's liquidity and revenue
Stader Labs announces the $xSD design, introducing a revenue sharing mechanism with $SD stakers. $ETHx, its upcoming ETH LSD product, will also offer the lowest solo-staking requirements at 4 ETH and scale with user demand
Little Red Book, China's Instagram, integrates $CFX, allowing users to showcase NFTs minted on Conflux on the social media platform
Mars mainnet goes live on January 31st. $MARS tokens will be airdropped to former Terra Classic chain users. A week after, it will also launch on Osmosis, enabling permisionless borrowing & lending
Accrue Finance, an upcoming Arbitrum AMM DEX is launching its testnet on January 29th. This could present as an airdrop opportunity
Pudgy Penguins go cross-chain through LayerZero, starting with Arbitrum, Polygon and BSC
SEC rejects Bitcoin ETF application by Cathie Wood's Ark Invest and 21Shares
Brett Harrison, a former FTX US President, raises $5m for his project Architect, a crypto trading infrastructure startup, 3 months after the exchange's collapse
Next Week’s Fundamentals
$ALICE unlocks 3.75% (3.75M tokens) of total supply on 3rd February. Current circulating supply is 60M, with marketcap of $100M and FDV of $168M
$RNDR governance proposal that implements deflationary tokenomics through a burn-and-mint mechanism, ending on January 31st
$RPL ongoing proposal to onboard rETH to Aave V3. There are also ongoing rumors of an Euler Finance integration
$AAVE's GHO stablecoin public testnet launching soon
$NXM v2 expected to launch soon, introducing a decentralized insurance protocol
Tweets of the Week
Thor Hartvigsen’s 20 largest upside potential projects
Ignas’s review of the current state of RWA in DeFi
Paul Timofeev’s in-depth analysis of $AAVE’s soon-to-launch stablecoin $GHO
Miles Deutscher’s summary of Pantera Capital’s 2023 outlook report