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Wazz Profile picture
@WazzCrypto
Sep 15, 2024 • 1 tweets • 1 min read • Read on X
Much clearer with this data from Hello Moon

Of the 5M "DAU's", 4.5M hold 0 $SOL (green bar), which indicates that they are single use generated wallets used by volume/washtrading bots

Notice the sharp rise at the end of August.



h/t @WelfBrandolf hellomoon.io/solana

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More from @WazzCrypto

Wazz Profile picture
Jan 3
Scaled in to $SPECTRA @spectra_finance

I believe this Defi protocol is undervalued and capturing market share at a record pace

- Recent (re)launch
- Base native (one of the few good "utility" tokens on base)
- Was a pioner in this category (before Pendle)
- Huge growth

🧵
Spectra allows anyone permissionlessly create their own interest rate derivatives markets

Afaik they were the pioneers in this category (basically invented PT/YT tokens before Pendle was a thing), but never took off, still the team kept building through the whole bearmarket Image
Recently they had a very sucessful relaunch under another name (and token), it seems to have finally gotten attention

It's one of the top5 biggest growing Defi protocols by TVL (above 100M TVL), together w/ Resolv (which also spurred a big portion of this TVL growth) Image
Read 9 tweets
Wazz Profile picture
Dec 18, 2024
Highest APY Stable pools on Pendle are all Usual's USD0 pools by 2x

Ethena is now fueling their new USDtb into Usual

$USUAL has 2X more TVL than ONDO

Usual stablecoin is the fastest growing of the Top10

USUAL is 6x Less mcap than $ONDO, 7x Less mcap than $ENA

Do the math Image
I should be accumulating more instead of giving u layups like this but since I already missed the launch entry, I'm just top blasting to add to my airdrop/premarket buys, i dont care anymore

send it much higher
Negative funding rate too 😂😂

They never learn Image
Read 5 tweets
Wazz Profile picture
Nov 30, 2024
I believe $PHAR is the most undervalued token in the Avalanche eco and perhaps one of the most undervalued DeFi projects in its category

Thesis in the thread below 🧵
1/ First, keep in mind as I was starting to accumulate and develop this thesis, the token literally did a 2-3X and hasn't shown any signs of stopping, it's somewhat illiquid so beware of price impact.

I decided to still publish this because I've put some work into it and I still believe it's undervalued, but beware as it has gone up a lot recently.
2/ @PharaohExchange is to Avalanche what Aero is to Base, the leading ve(3,3) exchange on Avalanche.

I think this is currently the most logical bet in the Avalanche defi/utility ecosystem and the most undervalued for the reasons I'll explain below Image
Read 12 tweets
Wazz Profile picture
Oct 9, 2024
This is bearish for memecoins

Gotbit was one of the biggest marketmaker for memes responsible for propping up dozens of cabal memes and scamcoins

Will be a lot harder to push memes without crime
Here are some examples
Don't forget the water, tea, beer scam coins
Read 7 tweets
Wazz Profile picture
Sep 14, 2024
Wonder why Solana daily active addresses are skyrocketing past month?

Seems like new washtrading/volume bots are getting smarter, instead of doing 300K txs on like 5 wallets, they are now rotating wallets, even after just 1 tx sometimes

300K txs -> 300K "daily active addresses"
Image
Example 1:

300K Txs on a 80K mcap, volume bots turn on at random times, queue hundreds of TXs from new "clean wallets"

180K makers aka 180K different wallets buying -> 180K new "daily active addresses " Image
If u check each wallet their only tx history is 2 txs, receiving funds from a script and buying $0.001 of the token Image
Read 7 tweets
Wazz Profile picture
Aug 29, 2024
Solana Total Fees and Jito tips are down 50%+ since Justin Sun copied pumpfun on Tron

Seems like many degens grew tired of the sol casino and moved on to the tron casino Image
I'd say Solana shitcoin casino moat is now much smaller, as most of the infra (bots/snipers) are already multichain/offer chain abstraction so entry level to gambling on another chain is much lower than before

ie: Image
Keep in mind like 80%+ of the fees generated on Solana are priority fees/MEV tips

If most of the gamblers move, these will gravitate to $0

They're also highly skewed by bots, I'd say tx/prio fees from bots probably have a 100x disparity than from normal users

Avg fee for photon/bullx/bonkbot is like $1-2+, Avg user fee is much lowerImage
Read 4 tweets

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