0xScope Newsletter #16: Welcome Optimism

Also: BTC's sudden bull run and its impact on Smart Money, Web3 TVLs, exchanges, and more!

Oct 26, 2023

Optimism is now on Scopescan!

With the recent launch of support for Optimism on Scopescan, the 0xScope team gives you an overview of key statistics and important trends related to the Optimism ecosystem. Read the report here.

The data-driven way of deciphering Web3 users

In a recent keynote speech at GM Singapore, 0xScope CMO Raffaele Ragini discussed Web3 user base growth, long-term positional advantages for Web3 projects, and the tools and data-driven approaches that unlock both. Learn more.

Meme coins dominate despite bullish BTC week

In this week's Smart Money report, we take a look at how the recent Bitcoin surge affected earnings for top traders, as well as the persistent dominance of meme coins in terms of profit performance. Read this report.

Bitcoin surge, DeFi growth drive $1.2B TVL increase

Wrapped Bitcoin added $310.5M to TVL after a bullish week for Bitcoin. ZkEVM platform Scroll celebrated its mainnet launch with a 26.6x jump in TVL. Meanwhile, Web3 quest platform QuestN took advantage of the recent hack at rival Galxe to add thousands of new users. More details here.

On-chain Data

BTC rally boosts exchange assets

In the past week, as news about a potential $BTC ETF approval emerged, the entire cryptocurrency market saw increased activity, with prices rising across the board. Bitcoin alone increased by 23.05%. Correspondingly, assets held on various centralized exchanges (CEX) also increased. Deribit and Crypto.com saw the most significant asset increases, at 18.78% and 17.83%, respectively, while Binance's assets increased by 11.21%.

Token cliff unlocks for YGG, OP next week

In the upcoming week's token unlock schedule, notable tokens to watch are $YGG and $OP. YGG has a relatively large unlock percentage, with approximately 6.8% of circulating tokens set to unlock in one day. Meanwhile, $OP will unlock tokens worth $33.58 million in four days. If you're a supporter of these tokens, please be mindful of potential price fluctuations in the days to come, and follow the 0xScope Twitter account for more information.

Company Announcement

Be the next Scopescan Ambassador!

0xScope is looking for talent! Passionate about growing your community and showcasing your investigation skills? Become a Scopescan Ambassador, lead the charge, and get a chance to be featured here! If you think you are a good fit or know somebody who is, please reach out at hr@0xscope.com.

Scopescan Community Highlights This Week

Quick Bites

Bitcoin price chases after $35K as BTC derivatives data signals fresh inflow - LINK

Mastercard teams up with MoonPay for Web3 push - LINK

Memeland, a Web3 project built by 9GAG's team, secures $10M minutes after going live - LINK

Sam Bankman-Fried may testify to role of lawyers, 'good faith' efforts, filing says - LINK

FTX selling the pump? Estate moves $8.6M Ethereum, Chainlink, Aave, and Maker to Binance - LINK