0xScope Newsletter #25: Polygon Brings $171K in Smart Money Profits
Also: Scopechat supports BRC20 tokens, plus 0xScope's analysis on Solana's growht, notable token unlocks, exchange asset flows, and more.
Research
Polygon closes 2023 with a $171K bang for its HODLers
Layer-2 mainstay $MATIC brings in major earnings to 20 Smart Money addresses, while liquid staking giant $LDO ($48K/investor) and trending Layer-2 project $METIS ($20K) deliver more profits. Read more here.
Solana makes a big leap as Web3 grows TVL by $7.5B
Ethereum adds $4B to its TVL, but Solana's recent bull run and $1.3B TVL boost get the Web3 industry's attention. Meanwhile, EigenLayer reached $1B in deposits, resulting in a $734M TVL growth. More trends here.
On-chain Data
Binance, Crypto.com shine in bullish week for exchange asset flows
This week, all major exchanges saw net asset inflows, with Binance's $2.25B asset growth (+2.74%) leading the way. In terms of growth percentage, Crypto.com led the way with a 9.5% expansion, followed by Binance US’ 7.21% and Kraken’s 5.73%.
Token cliff unlocks for OP and DYDX next week
In the upcoming week, you should pay attention to the unlocking of OP tokens, which is scheduled to occur on December 30, with a value of $97.8M OP tokens, accounting for approximately 2.65% of the current total circulation. At the dawn of the New Year, DYDX will unlock tokens worth $113.33M (12.36% of the circulating supply).
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
Scopechat Supports BRC20 Tokens
BRC20 tokens are now supported on Scopechat, your AI trading companion. Now, you can see BRC20 token leaderboards and see more details about these tokens. Make better trading decisions on BRC20 tokens, join the Scopechat waitlist.
Be the next 0xScope Ambassador!
0xScope is looking for talent! Passionate about growing your community and showcasing your investigation skills? Become a 0xScope 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.
0xScope Community Highlights This Week
Quick Bites
Spot bitcoin ETF approval may be coming in January, experts say - LINK
MicroStrategy buys bitcoin worth $615.7 mln ahead of SEC's spot ETF decision - LINK
Crypto users to reach almost one billion in 2024, analysts predict - LINK
Solana nears $100 as meme coin frenzy continues to drive rally - LINK
Crypto thieves will deploy more convincing AI scams in 2024, firms warn - LINK
Super project 😃