0/ Will Fantom be the next big L1?
In today’s Delphi Daily, we examine @FantomFDN’s TVL, @paraswap’s recent activity, on chain $BTC data of long-term holders, and how BTC responded to latest CPI data.
For more 🧵👇
In today’s Delphi Daily, we examine @FantomFDN’s TVL, @paraswap’s recent activity, on chain $BTC data of long-term holders, and how BTC responded to latest CPI data.
For more 🧵👇
1/ While the TVLs across crypto have stagnated, @FantomFDN’s ecosystem has been vibrant. Fantom has gained $1.2B (+20%) in TVL over the past week.
This comes as @AndreCronjeTech and @danielesesta, two prominent builders, have shown interest in developing the Fantom ecosystem.
This comes as @AndreCronjeTech and @danielesesta, two prominent builders, have shown interest in developing the Fantom ecosystem.
2/ Since @paraswap’s airdrop on Nov 15th, activity on the DEX aggregator has stagnated.
Before the airdrop, many people speculated and used Paraswap in hopes of receiving a piece of the airdrop.
Paraswap’s downfall can be a lesson to other protocols to better design airdrops.
Before the airdrop, many people speculated and used Paraswap in hopes of receiving a piece of the airdrop.
Paraswap’s downfall can be a lesson to other protocols to better design airdrops.
3/ On-chain data shows that throughout January’s price slump, long-term holders have accumulated bitcoin after months of offloading bitcoin at the end of last year.
A rise in long-term holder accumulation could be a positive indicator for bitcoin price.
A rise in long-term holder accumulation could be a positive indicator for bitcoin price.
4/ After being spooked by hawkish Fed minutes, investors were expecting a high inflation print yesterday. However, the CPI print came within market expectations at 7% YoY and 0.5% MoM.
Bitcoin price rallied on the news, and the dollar index slumped to a 2 month low.
Bitcoin price rallied on the news, and the dollar index slumped to a 2 month low.
5/ Tweets of the day!
BTC ETF in India Soon
BTC ETF in India Soon
https://twitter.com/BTC_Archive/status/1481615200910520320
9/ 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/
Clarification: Active addresses, not individual users, using Paraswap have contracted in recent weeks. The data in the chart also pertains only to Ethereum, and not other chains where Paraswap is deployed.
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