0/ In today’s Delphi Daily, we look into ETH’s rebound, the launch of Banker Joe, and the recent performance of Perp and CEX tokens.
For a deeper dive 🧵👇
For a deeper dive 🧵👇
1/ After days of hovering at the bottom of the 0.06 to 0.08 range, ETH bounced from support rather abruptly to 0.066. Daily RSI14 also recovered from oversold levels (30), adding promise.
It’s too early to tell whether this is mean reversion or part of a larger move.
It’s too early to tell whether this is mean reversion or part of a larger move.
2/ @traderjoe_xyz’s TVL (and, by extent, @avalancheavax’s TVL) increased by close to $700m following the launch of Banker Joe, Trader Joe’s new lending product.
In the past 3 days, TVL on Trader Joe has increased by $700m.
In the past 3 days, TVL on Trader Joe has increased by $700m.
3/ BNB has performed well in the last 3 days following @binance’s $1b ecosystem fund announcement.
Unfortunately, the same cannot be said about FTT and especially HT. While FTT has underperformed BNB, HT has performed far worse as it fell nearly 50% since September.
Unfortunately, the same cannot be said about FTT and especially HT. While FTT has underperformed BNB, HT has performed far worse as it fell nearly 50% since September.
4/ The DYDX token has come out strong since it’s launch on Sept 8th, reaching a FDV of $22.7b.
Other Perp protocol tokens have taken the opportunity to stretch their legs.
Beneficiaries from this narrative include newer protocols like TCR (TracerDAO) and FST (Futureswap).
Other Perp protocol tokens have taken the opportunity to stretch their legs.
Beneficiaries from this narrative include newer protocols like TCR (TracerDAO) and FST (Futureswap).
5/ Tweets of the day!
@avalancheavax Bridge Numba One.
@avalancheavax Bridge Numba One.
https://twitter.com/kevinsekniqi/status/1448674103330758657
6/ Difference between ZK and Optimism for dummies.
https://twitter.com/l2beatcom/status/1448556881686024192
7/ North Vancouver First City Heated By Bitcoin.
https://twitter.com/Melt_Dem/status/1448681723944972292
10/ Crypto moves fast. Delphi has you covered. Sign up here to get Delphi's free daily newsletter delivered right to your inbox every weekday
delphidigital.io/daily/
delphidigital.io/daily/
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