Patrick Scott | Dynamo DeFi
@Dynamo_Patrick
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DeFi & crypto analyst | Advisor @ClipFinance @loch_chain @meta_pool | @DynamoDAO | 42K subs at
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If you use DeFi and want to keep up on:
📖Trends & narratives
📊On-chain analysis
🔧Tools
🚀New Launches
🔓Token unlocks
I send out a concise newsletter with all of this every Monday.
Learn more at
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@thechosenberg
@BobLaxative
This is actually how it starts. A month from now, they’ll say “what’s the harm in having some a few days early?” By that point it’s already over.
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@memeticsisyphus
Also, as someone who has a family member that works on a children’s oncology unit in Philadelphia, the Amish 100% do have childhood cancer.
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The Uniswap airdrop was worth over $10K at its peak. Countless other airdrops were worth 4 figures.
If you have less than $100 to your name, airdrops are the easiest way to make your first $1K in crypto.
Here are 6 resources that will help you to catch airdrops in the future👇
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Over $5 Billion was withdrawn from Binance yesterday.
Being able to track on-chain transactions is a superpower in crypto.
Here’s a quick guide on how you can use FREE tools to monitor exchange withdrawals yourself and become an on-chain detective. 🧵
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Just woke up from a 9 month coma. I hear crypto is in a bear market.
Luckily, my stablecoins are safely earning yield on Anchor, while my ETH stacks up on Celsius and my LINK is protected from impermanent loss on Bancor.
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Worldwide Google search traffic for cryptocurrency is near its lowest point in 5 years.
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Everyone in crypto tells you to "do your own research", but rarely does anyone tell you how.
I've recorded over a dozen videos showing you how to DYOR, ranging from a beginner to advanced level. These cover:
-Metrics
-On-chain analysis
-AI tools
-Avoiding scams
Here they are👇
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Using DefiLlama to its full potential is a MUST if you’re doing fundamental analysis in crypto.
Almost everyone in DeFi knows about DefiLlama’s TVL rankings. But did you know that’s just one of many features?
Here are 9 tools on DefiLlama that you probably don’t know about 👇
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Pro-tip to find alpha on Twitter:
Find a coin that pumped recently.
Use Twitter Advanced Search to find people that talked about it BEFORE it pumped.
Look at what other coins they are talking about.
Example with $KUJI 👇
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The current SEC situation reminds me of the parable of the farmer and the horse.
A farmer's horse runs away. His neighbors say "how unlucky."
The farmer says, "maybe."
A few days later, the horse returns with 6 wild horses. His neighbors say "how lucky."
The farmer says,…
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@wildtiktokss
I think I figured it out. The implication is you fill in the “…” with “sex” so it reads “Let’s go swimming and get sushi after sex”.
Replace the s with an m, so it’s “get sushi after Mex”. She’s joking that you assume something sexual but she just wants to eat a lot.
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Since the start of 2022:
The Pound is down 21% vs USD
The Yen is down 20% vs USD
The Euro is down 15% vs USD
The “Dollar Milkshake Theory” predicted accurately that the US Dollar would outperform other currencies.
Here's what you need to know about this theory👇
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The Uniswap airdrop was worth over $16,000 at its peak.
How can you set yourself up for new airdrops in the future? DefiLlama has a tool for that.
Go to the ‘Airdrops’ page. (These are all speculative)
Sort by TVL to see the largest protocols without a token.
Quick demo👇
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The past few days, I've been bombarded by so much info about airdrops that it's been impossible to keep track of.
So I compiled checklists of how to (likely) qualify for 6 upcoming airdrops, including relevant links:
Arbitrum, Layer Zero, zkSync, Quai, Sui, and Rage Trade.
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Quick method to find DeFi protocols with improving fundamentals:
1. Go to Token Terminal
2. Scroll down to the Data table
3. Select 'Total Revenue'
4. Sort by '30d trend'
5. Find a protocol with growth in the 7d and 30d trend
6. Due diligence
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Something weird is going on with daily active Ethereum addresses. from their usual 300-400K to over 1M yesterday.
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Maybe someday I’ll share my full crypto story. The abbreviated version…
>Rekt in 2018
>Exit for 2 years, re-enter in 2020
>Rekt badly in spring 2021, down bad after being up
>Create a YouTube and Twitter because no $ to buy le dip
>Fall 2021 happens, make more than a year of…
1/12 Five months ago, I quit my 9-5 job to concentrate on DeFi writing.
Best decision ever!
I am happier, more productive, and have greater earning opportunities.
Here's my experience if you also want to quit your job: 🧵
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Starting a master thread with all my short videos of tips for crypto research.
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Cardano DEX volume is at its highest point ever this month. Time to start paying attention to $ADA?
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Holy smokes. Solana did 70% of Ethereum's DEX volume over the past 24 hours.
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2023 is going to be the year of token unlocks.
The Token Unlocks app is one of the best tools I've found to track upcoming unlocks. They have countdowns to 5 major unlocks in the next week.
Quick demo 👇
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Using AI to research crypto is like having superpowers.
Here are 4 AI tools that will supercharge your crypto research 👇
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Pro tip for finding altcoins before they explode.
When you see a chart like this, use Twitter Advanced Search to see who was talking about it during the highlighted period.
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How to use the DefiLlama ChatGPT PlugIn, turn ChatGPT into your personal DeFi analyst, and save yourself hours of time researching.
First, shout out to
@0xKofi
for creating this awesome plugin.
To use the plugin, you’ll need ChatGPT Plus, which costs $20/month. Once you have…
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Using DefiLlama to its full potential is ESSENTIAL if you're doing fundamental analysis in crypto.
But most people don’t realize that it also has an extremely powerful yield tool.
Here are 7 features of DefiLlama’s yield tool that you can use to find the best yields in DeFi 👇
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Potential Solana ecosystem airdrops that you can still qualify for:
MarginFi - Borrowing/lending (active points system)
Tensor - NFT exchange (active points system)
Drift - perp dex
Kamino - Borrowing/lending (upcoming points system)
Parcl - Real estate speculation (upcoming…
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"Smart money is buying!" Really?
One technique to find tokens that funds have invested in:
1. Go to CoinMarketCap
2. Search by Category
3. Type 'Portfolio'
4. Select a well-respected fund
5. Due diligence
Demo 👇
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"Find teams that build in a bear market." But how?
Developer activity can be a useful signal. Use Santiment to track Github commits by crypto projects:
1. Go to Santiment
2. Select 'Screener'
3. Sort by 'Dev act., 30d'
4. Due diligence ◀️ Don't forget this!
Short demo 👇
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I've taken a keen interest in $RUNE recently.
The reason?
I was helping someone move funds from Bitcoin to Ethereum and we settled on THORChain as the cheapest, most decentralized solution.
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Quick method to find upcoming DeFi projects.
1. Go to the 'Chains' tab on DefiLlama
2. Sort chains by 7 day growth
3. Select a fast-growing chain
4. Sort protocols by 7 day growth
5. Perform due diligence
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A lot of people on Crypto Twitter are gonna be surprised by Cardano DeFi in 2024.
-TVL recently broke its all-time high
-In the top 10 of chains by TVL
-DEX volume picking up
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Underrated method to find growing chains:
Stablecoin inflows.
DefiLlama has a powerful tool for that:
1. Go to DefiLlama
2. Click on 'Stablecoins' on the top left
3. Filter by '7d Change'
4. Click a chain to drill down
Demo👇
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Charting:
TradingView
DEXscreener
Birdeye
Research:
DefiLlama
Artemis
IntoTheBlock
Chainedge
Etherscan
CoinGecko
Token Unlocks
Analysis:
Visual Studio Code
Python
Excel
ChatGPT 4
Comms:
Telegram
Discord
Signal
Twitter/X
Wallets:
Metamask
Rabby
Keplr
Phantom
Ledger
Process…
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Today marks 19 years since we lost my younger sister Alex to cancer.
Humble thoughts on finding meaning in life and death.
First, the story of my sister:
Alex was diagnosed with neuroblastoma just before her first birthday. When she was 4, Alex had the idea to hold a…
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Arthur Hayes has proposed a new stablecoin, NakaDollar, that would be backed by $1 of BTC and a 1x short on BTC.
Seems like a solid idea to me.
Could this work? What are the drawbacks?
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I created a 30 page guide to on-chain analysis and I'm giving it away for free.
This guide will teach you how to:
-Use Etherscan
-Find Whale and Smart Money Wallets
-Track Whale Wallets
-Find and Assess New DEX Listings
To receive the Introduction to On-Chain Analysis, follow…
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The DefiLlama ChatGPT plugin is even more powerful than I realized at first. With one simple prompt you can summarize what’s happening on-chain and save yourself hours of time.
First, you’ll need the DefiLlama plugin. To use the plugin, you’ll need ChatGPT Plus. Once you have…
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When people ask me what it's like to work in crypto, I send them this video.
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@WomenPostingLs
6 years ago I got catcalled by a car full of girls in Arkansas. Still smile when I think about it.
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Ever wish that you could catch projects early on Twitter?
xo2 has a powerful tool for that.
1. Go to xo2
2. Select a timeframe
3. Identify small projects that have been gaining followers
4. Conduct due diligence
Demo with a few small projects👇
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Time for my weekly thread on notable stats in DeFi from the past 7 days. 📊
Numbers-based analysis can help to identify early trends and cut through the noise.
This week, I’ll look at TVL, protocol revenue, DEX volume, transaction count, and bridge flows.🧵 1/X
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Arbitrum flips BSC in 24 hour DEX volume 👀
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Total TVL on Real World Asset protocols is increasing rapidly.
Master thread on RWAs coming soon. If you have any projects you want me to check out before then. Drop them here.
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“Just a valueless governance token.”
A piercing criticism of DeFi tokens has been their lack of real value. Those days are disappearing with many tokens now paying out fees to token stakers.
In this thread, I’ll go through 7 tokens that receive protocol fees directly. 🧵
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I didn't realize $EGLD was doing so well. Anyone want to update me on what's happening on that chain?
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If you use crypto on-chain, you've probably used
@etherscan
to track transactions and addresses before.
But Etherscan has dozens of less-known tools and features to turn you into an on-chain pro.
Here are 5 features of Etherscan that you probably don't know about 🧵
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@historyinmemes
Fun fact: to avoid using CGI, Christopher Nolan actually launched Matthew McConaughey into a black hole during the filming of Interstellar.
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The crypto industry runs on Telegram. And this has translated to massive success for Telegram trading bots recently.
$UNIBOT is up over 100X and Maestro is one of the top-earning protocols.
Here’s everything you need to know to get up-to-speed on this new narrative 🧵
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After careful consideration, I'm pivoting the content of my channel.
It will still be about crypto.
But it will be more focused on how to do things on-chain and DYOR; less focused on project analyses.
In this industry, you always hear:
-Get your coins off CEXs
-Hold your own…
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I analyzed 47 different AI cryptos to understand the current landscape of how these technologies are being combined.
Mega thread on the synergies between AI and crypto, why I think this narrative is here to stay, and my favorite 11 projects from those 47 🧵
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Tons of people on crypto twitter are sleeping on Avalanche:
-Large and active community
-Innovative Dapps
-BTC.b supply bringing new liquidity
-Over 1M daily txs on the DFK subnet
-Subnets mean that Avalanche can benefit from any future narrative
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If you conduct crypto research,
@DefiLlama
is one of the most powerful tools at your disposal.
In this thread, I’ll show you how to use DefiLlama to find growing chains with video demos. We’ll cover:
TVL
Stablecoins
Bridge flows
DEX Volume
Fees
Investors
*Beginner friendly*
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AWS partnering with Avalanche.
Adoption happens gradually, then suddenly.
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Today would have been my younger sister Alex's 27th birthday, had she not died from cancer when she was 8.
Still a tough day even after all these years.
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TVL on Optimism is now higher than Polygon.
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Getting crushed by impermanent loss?
Here's a quick precaution:
Before entering a liquidity pool, go to Cryptowatch to check the pair's correlation. Higher correlation usually means there will be less impermanent loss.
Short demo 👇
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Me after saying digital assets instead of crypto
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7 free tools to bring data-driven insights to your crypto research:
@DefiLlama
- TVL, DEX volume, stablecoins
@DappRadar
- Active users
@tokenterminal
- Fees & revenue
@etherscan
- Txs
@coingecko
- Price & tokenomics
@gokustats
- Developer activity
@cryptoslamio
- NFT sales vol
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On-chain metrics can provide objectivity and help to spot emerging narratives.
But only if used correctly.
This is a master thread of 8 metrics for assessing blockchains, the pros and cons of each, and where to find them.
Stop guessing and start doing your own research👇
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Dark web prices of various items.
$3,800 for a passport
$1,700 for malware on 1,000 US devices
$260 for a verified Binance account
$65 for a hacked Gmail account
Protect your data, because if you don't value it, someone else will.
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Top 10 chains by total value locked over time.
Data from DefiLlama
🔊
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Coinbase Wallet, Rabby, and Phantom are all so much better than MetaMask, it’s not even funny.
How is MetaMask still industry standard in 2023?
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People are still talking about pouring money into $LUNA. Guys, the circulating supply is increasing by billions an hour right now. Maybe it will survive, but if you buy now, you are throwing money away. WAKE UP.
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Pretty insane how bad the crash on $FTM has been. Market cap is currently below Internet Computer and Ethereum Classic.
And for all the people who migrated away, TVL is still ranked 5th out of all chains. In terms of FTM, TVL is higher than it was prior to the Solidly launch.
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Method for sourcing new tokens to research:
1. Find a coin that has outperformed the market
2. Search that coin on Etherscan
3. Look at what OTHER coins the top holders have bought.
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Last week dYdX announced they were moving to their own Cosmos chain.
The responses to this revealed a flurry of misunderstandings.
As Cosmos grows, understanding this ecosystem will be crucial. This thread can be your primer on one of the most unique ecosystems in crypto🧵
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Over the past 24 hours, Solana DEX volume has been higher than Ethereum mainnet and all Ethereum L2s combined. Wow.
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Daily transactions on Ethereum mainnet, Optimism, and Arbitrum since the start of 2020.
Ethereum mainnet transactions are at their lowest point in 2.5 years, but Layer 2 rollups now process as many transactions as mainnet.
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Real World Assets are now the 12th largest category of DeFi.
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How to find the best yield on your favorite coin?
DefiLlama's yield dashboard is a powerful tool. They even show you the APY over time.
Quick demo with $MATIC 👇
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Beefy doesn't get enough credit.
-One of the only yield aggregators to stand the test of time.
-Truly multi-chain: TVL spread across a dozen chains.
-One of the best places to find yield farms.
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Just spent $80 for a failed tx on Avalanche. AMA.
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Simple way to find and follow whale wallets with DeBank:
1. Go to DeBank
2. Select 'More' > 'Web3 Social Ranking'
3. Find a whale in the same niche as you.
4. Select 'Follow'
Short demo👇
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Crypto is full of constantly competing narratives and hype.
Numbers can help to cut through the noise and spot emerging trends 🔢
Each week, I do a thread of the most notable DeFi stats from the past 7 days. Let’s dive in 🧵
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Larry Fink is talking about tokenizing all stocks and bonds and holding shareholder votes on-chain. Whatever your 10-year targets are, think bigger.
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The bear market is also a “build market.”
In this thread I’ll show you 7 DeFi applications that are actively growing and expanding right now.
These protocols have increased their revenue or total value locked over the past few months.
Read on to learn more 🧵
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Coinbase has an ace card to make Base the most used chain by a mile if they desire.
Drop a BASE token and give a little to every Coinbase user, but require them to claim it on-chain.
Base would become the most-used chain overnight.
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The supply of BTC bridged to Avalanche as BTC.b is going parabolic.
BTC.b supply passed 5,000 less than 1 week ago and sits at over 5,600 now.
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Arbitrum vs Optimism transactions over time. Yesterday was the first day in over 6 months where Optimism had more transactions.
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$LUNA currently has $8.29B in TVL. That might not seem like a lot compared to Ethereum today, but consider that one year ago Ethereum had $7.94B in TVL. A lot can change in a year.
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Multichain hacked. Aptos account hacked.
WTF is going on?
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Solana Saga phone just arrived!
Can’t wait to try this out.
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Ava Labs launches ‘No Code’ launchpad.
The launchpad has 4 main components:
1) An automated blockchain builder
2) Managed validators
3) Data tools
4) Chain interoperability
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.
@Base
is generating millions of dollars in fees a week for Coinbase.
Imagine what happens once the number of dapps on-chain 10X's and millions of people use Base daily.
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I updated my airdrop checklist to include 3 more airdrops:
@GranaryFinance
,
@pixels_online
, and
@SturdyFinance
.
I now have 9 checklists for speculative airdrops:
Arbitrum, Layer Zero, zkSync, Quai Network, Sui (allegedly not happening), Rage Trade, and the 3 new ones.
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Daily active addresses on Avalanche hit their highest point YTD yesterday.
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"Real World Asset" protocols have been some of the fastest growing in DeFi recently. Which do you have your eyes on?
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One of the most common reasons that new crypto investors get rekt is that they don’t understand tokenomics.
Usually, they fall into one of a few traps:
1) Buying coins with an insanely high Total Supply compared to Circulating Supply
2) Buying before major unlocks and getting…
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Did you know that you can avoid memecoin scams, rugpulls, and honeypots in under 10 seconds?
This won’t work in every instance, especially those where the team sells and quits but it will help you to avoid falling prey to easily preventable rugpulls.
The
@dedotfi
Scanner allows…
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BTC at $61K 6 days ago vs BTC at $61K today
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