Patrick Scott | Dynamo DeFi Profile picture
DeFi & crypto analyst | Co-founder @coinbeatsxyz | Advisor @ClipFinance @loch_chain | @DynamoDAO | 39K subs at https://t.co/DCsYruurPz
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Nov 25, 2023 7 tweets 3 min read
With the crypto market heating up, it's tougher than ever to know which networks are gaining real adoption.

On-chain metrics help to cut through the noise.

Here are 5 blockchains with growing usage. @solana

One of the fastest growing chains this season.

Solana DEX volume is up nearly 10X, while daily active addresses are up 3X from their levels in September.

This volume has pushed on-chain APRs higher (30%+ on some large pools). Watch for this to attract capital inflows.
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Oct 23, 2023 5 tweets 1 min read
On-chain metrics are showing positive developments for the crypto market.

Multiple on-chain indicators are stabilizing or looking good, often for the first time in years.

A little Monday hopium 👇 Total stablecoin market cap has been flat for 3 months now, indicating that capital may have stopped exiting the market.

Even when prices were rallying last summer and this spring, stablecoin outflows continued.
Oct 6, 2023 15 tweets 4 min read
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👇 How to research crypto with data & metrics
Sep 15, 2023 11 tweets 3 min read
If you followed only online sentiment, you’d think crypto was dead.

Meanwhile, the pace of adoption is faster than ever. The past few weeks have seen a surge of major companies exploring blockchain solutions.

Here are 9 examples of this 👇 $1.5 Trillion asset manager Franklin Templeton joined the growing list of major asset managers to file for a Bitcoin ETF.
Jul 23, 2023 9 tweets 4 min read
If you use DEXes, Telegram bots like Unibot are one of the most powerful tools in your on-chain tactical arsenal.

Read on to learn how to use these bots to snipe DEX listings, copytrade addresses, and buy and sell DEX listings with limit orders and MEV protection.🧵 First thing you’ll need to do is add Unibot to your Telegram. You can do so by going to the bot’s Telegram channel: t.me/unibotsniper_b…
Jul 19, 2023 13 tweets 4 min read
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 🧵 Image What exactly are these Telegram bots and what do they do?

In short, Telegram bots allow you to automate and execute on-chain tasks directly from Telegram. This includes:

-Sniping DEX listings
-Tracking wallets
-Copy trading
-Managing airdrops
-Bridging funds
Jul 12, 2023 8 tweets 3 min read
Following the right crypto sources is the difference between finding a 100X and getting rekt. But isolating signal from a sea of noise can be impossible.

Enter @alphascan_xyz, a new tool that uses social media sentiment analysis to assess who called tokens early in the past. 👇 The first page on AlphaScan is their ‘Twitter Accounts’ page.

This page tracks close to 100 Twitter accounts and measures how tokens they’ve mentioned have performed over a 1D, 7D, and 30D timeframe.

These influencers had the best-performing calls over the past 30 days:
Jun 30, 2023 7 tweets 3 min read
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 🧵 Etherscan's new Code Reader feature (still in beta) leverages OpenAI to analyze smart contracts.

Use this to ask questions about what specific smart contracts do, how you can interact with them, and how it works.

Note that you'll need an OpenAI API key.
Jun 20, 2023 18 tweets 12 min read
Having the right crypto tools in your toolbox is the difference between catching incredible gains on a gem and getting rekt.

Over the past few months, I've published dozens of videos about how to use tools and on-chain analysis to DYOR.

This is a master thread of those videos🧵 Image Thread of videos about how to use @DefiLlama to find and assess upcoming chains.
Jun 6, 2023 6 tweets 3 min read
The SEC has requested a restraining order to freeze Binance US assets.

Many are concerned that this could spark a bank run on Binance US.

If you want to tune out the noise and DYOR, here are 3 tools you can use to track Binance US’ on-chain reserves and movements yourself 👇 The @DefiLlama CEX Transparency dashboard shows reserves over time and by token.

To access the dashboard, go to DefiLlama > CEX Transparency > Binance US

Toggle to ‘USD inflows’ to see flows by day.

Go to the ‘Assets’ page and scroll down to see a breakdown by token.
Jun 6, 2023 23 tweets 8 min read
Imagine a new financial primitive that’s yield bearing, deflationary, and secures the 2nd largest blockchain.

That’s liquid staked ETH.

Master thread on liquid staking, LSDs (no, not that kind), 10 LSDFi protocols, and how to research new protocols in this category. Image First, some important terminology: Liquid Staking, LSD, and LSDFi.

Liquid Staking is when you stake a token, like ETH, through an intermediary. This has the benefits of allowing you to stake with less than the 32 ETH minimum and allowing you to sell your staked ETH at any time.
May 29, 2023 12 tweets 5 min read
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* First, we have Total Value Locked (TVL), which can be thought of as deposits.

More TVL means that users have entrusted a project with more money. Moreover, for apps like DEXes, more TVL means more liquidity.

To see TVL by chain, select DeFi > Chains on the left.
May 29, 2023 5 tweets 1 min read
ZK-Rollups are rapidly attracting liquidity and attention.

zkSync Era, Polygon zkEVM, and Starknet all hit an all-time high in TVL today. zkSync Era TVL crosses $130m to hit a new high. Image
Mar 31, 2023 7 tweets 3 min read
Over the past 24 hours, Trader Joe ($JOE) was the second highest DEX by volume across all of DeFi, exceeded only by Uniswap.

5 charts that show Trader Joe's massive recent growth 👇 Volume on Trader Joe yesterday exceeded $240M. In comparison, Trader Joe was doing less than $10M of volume daily in January.

This volume increase has been driven largely by Joe's expansion to Arbitrum, but Avalanche volumes are up as well.
Mar 31, 2023 26 tweets 10 min read
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 🧵 First, why do I see the AI crypto narrative sticking around for awhile longer?

AI in general is gaining massive attention right now. This week has the highest Google search volume for AI ever. With the release of GPT-4, this attention is increasing.
Mar 23, 2023 11 tweets 6 min read
The $ARB airdrop goes live tomorrow.

This has the potential to inject jet fuel into an already thriving ecosystem. To prepare, I looked at on-chain metrics, ARB allocations, and potential catalysts.

Here’s how I’m positioning myself in the Arbitrum ecosystem. 👇 First, a framework for what I’m looking for in Arbitrum projects.

I want protocols that meet multiple of these criteria:

-Favorable on-chain metrics
-Positioned to benefit from ecosystem growth
-High ARB allocation
-Upcoming catalyst
Feb 7, 2023 4 tweets 1 min read
Hegic, an options protocol on Arbitrum, is punching well above its weight in terms of revenue. Over the past week, it brought in more revenue than Aave and Balancer and almost as much as MakerDAO. Image Source: tokenterminal.com/terminal/metri…
Feb 6, 2023 9 tweets 3 min read
The stars are aligning for Arbitrum.

Nearly every on-chain metric is either hitting all-time highs or growing rapidly.

Quick summary of stats that show Arbitrum is experiencing parabolic adoption👇 Arbitrum TVL is up 34% in the past month, breaking $1.3B for the first time since May. Nearly back to where it was prior to the Terra crash.
Feb 1, 2023 7 tweets 3 min read
The hot ball of money is starting to gear up again. And DeFi projects are rapidly attracting TVL at a pace not seen since early last year. Here's a spotlight on a few that have received significant money inflows recently. @ipor_io TVL is up 580% in 7 days. Image
Jan 4, 2023 8 tweets 2 min read
7 predictions for the crypto market in 2023.

In my first video of the new year, I go through what I think 2023 has in store, from new types of NFTs to AI fusing with crypto.

1. Ethereum Layer 2s will continue gaining adoption.

After significant growth in 2022, Layer 2s are processing as many transactions on average as Ethereum mainnet.
Dec 28, 2022 19 tweets 8 min read
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👇 Total Value Locked (TVL) - The total amount deposited in DeFi on a chain.

Pros: Represents $ and trust, which weeds out wash trading. Usable across a variety of dapps.

Cons: Highly reflexive. Increased liquidity on a chain pumps ecosystem tokens, raising TVL exponentially.