Alpha issue #82
DMH's spotlight, new concepts and narratives, guides & more!
DMH Newsletter is a vital news hub with crucial updates & narratives and trends
Spotlight Project: KTX Finance
KTX Finance Description:
KTX.Finance, an on-chain decentralized derivatives & social trading protocol that offers leverage of up to 100x to the traders.
KTX.finance is built on top of Mantle Network & Binance Chain.
Being the leading perp DEX on Mantle is primed to grow alongside the explosive growth of the Mantle DeFi ecosystem
By using a single multi-asset pool KTX provides high efficiency, low swap fees and also allows mitigation of counterparty risks & up to 100x leverage when traders trade against the KLP pool.
Their purpose is to provide seamless and efficient CEX-type trading while adhering to the principles of decentralization.
🙍♂️ Followers: 41.8k
KTX Breathtaking Stats:
$880m : Trading Volume
$9m : TVL
14k : Unique Traders
149% APR: Total APR on KTC - esKTC APR: 83.1% and WETH APR: 66.1% on Mantle Network
63% APR: Total APR on KTC - esKTC APR: 43.9% WBNB APR: 19.1% on BNB chain
KTX has much higher capital efficiency than other DApps in Mantle Ecosystem
( $880m of trading volume / 9m of TVL)
Comparing KTX Finance with other bigger DEXes on Mantle: Izumi Finance and FusionX
Izumi Finance:
$19,5m: TVL
$1.7m: 24h Volume
$2,7k: Fees 24H
FusionX:
$18.2m: TVL
$2.01m: Volume 24H
$1.10k : Fees 24H
2/➯ Updates & Upgrades in DeFi
MetaMask integrates multiple payment systems in 10+ countries:
There's no inflation on Synthetix:
PudgePenguins introduced Pudgy World Alpha powered by zkSync, releasing Q1 2024:
STRK Token Distribution:
Merchant Moe, a franchise of Trader Joe:
RDP IDO approaches:
Trade Fest with Mantle DeFi ecosystem:
Did you know that #IPOR devs found a way to predict the stETH rate:
Immutable expands Web3 gaming payment options with Transak integration:
New wstETH pool with 16% APY on Pendle Finance:
3/➯ Alpha by Threadors & Good Reads
How will ETH staking impact the ETH ETF:
Best airdr0ps are those you don't expect to get:
Overview of Solana Ecosystem and projects that perhaps distribute airdrop:
how Lido DAO looks to implement LINK CCIP:
INJ has the potential to follow a similar trajectory as BNB did in the previous cycle, going from $20 to $650:
Celestia isn't just a token — it's a HUB:
STATE OF THE ARBITRUM:
4/➯ VITAL NEWS📰₿
Ark Invest’s Coinbase selling spree exceeded $100 million last week:
Tether Freezes 41 Crypto Wallets Tied to Sanctions:
London's Crypto Investment - Top Pension Fund M&G Plc injects $20 million into UK's Crypto Derivatives:
Coinbase lists SEAM as native Base-based token is airdropped:
The Korea Financial Services Commission (FSC) announced a legislative notice on the provisions of the Cryptocurrency Act:
Bitcoin inscriptions added to US National Vulnerability Database:
5 /➯⛓️On-Chain Data:
Bullish On-Chain stats in GMX:
This chart looks at how much #Bitcoin Supply moved from 'in-loss' to 'in profit' over the course of each year:
Now, the market is realizing the weakness in the demand side:
Some DeFi liquidations:
"Despite the overall bullish sentiment, a significant subset remains underwater":
Brief overview of the Aptos Network blockchain:
TVL of Blast ~$1b:
Amazing on-chain stats on Tron:
After JITO airdrop, demand on Solana is pretty high and break ATH:
Perps DEX Weekly Volume:
AVAX DeFi experienced its highest number of users in the last 6 months:
a16z large influence on Compound Finance:
6/➯ Macro Metrics 📈
This is a big week for Central Bank meetings:
US Energy production is at record levels. Oil production crosses 13.2 million barrels per day:
Сhange in Nonfarm Payroll Employment:
7/➯ Exploits & Bugs
Venus Protocol, the lending protocol on BNBChain, was exploited:
That’s it for today frens!
Thank you for staying with us. Your future self will be grateful.
You can follow me on Twitter ➯ DeFi_Made_Here
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