Read Time: ~5 minutes
⚡Snapshot
Why tariffs are madness
What happened with Mantra’s OM token?
Solana activity picking up
📖 Recommended Reads
Ben Hunt pitches the idea that the new America First regime is a bad deal
⚡Can Trump pressure Powell into slashing interest rates?
Using historical charts and Polymarket active markets to peek into the future
⚡World Liberty is accumulating SEI tokens
WLFI now holds nearly 5m tokens
⚡US financial conditions at their tightest since 2020
Availability and cost of financing at worst level in 5 years
Making mindshare tradable, the 3rd biggest perp DEX, range bound derivatives and more
⚡Tokenization is exploding on Injective
Injective has already facilitated over $168m of volume across tokenized assets like stocks and ETFs.
Dynamo DeFi now runs an Injective validator alongside titans like Google Cloud, Republic and Galaxy.
Injective is the only blockchain purpose-built for finance:
Lightning-fast, ultra-cheap transactions
Advanced infrastructure for DeFi, exchanges, lending, and tokenization
Multi-VM support including the most performant EVM layer
Deflationary tokenomics with weekly burn auctions
We harness professional infrastructure to help secure Injective while offering double-digit APY for stakers.
Stake INJ with Dynamo DeFi and be at the forefront of tokenization and finance coming onchain.
🔢Onchain Analysis
RWA Layer 1 Mantra OM token drops 90%
Mantra originally launched as a DeFi protocol in August 2020. Like most projects, the original DeFi platform was shut down, but investors who had money on the platform were paid back.
In early 2024, Mantra relaunched as an RWA layer 1 and the OM token had a historic run from a $40m market cap to $8b at the peak.
On Sunday, the token dropped 90% from a $6b market cap to sub-$1b market cap.
Shortly after this the Telegram community became inaccessible and accusations began - an X user found several wallets moving OM tokens to exchanges (presumably to sell).
This isn’t Mantra’s first run-in with controversy (they’ve been taken to court before and have been accused of controlling most of the token supply), but it’s certainly the most impactful as anyone who bought the token above this market cap has likely lost a significant portion of their investment.
Solana Sees Major TVL Boost
Solana’s 7d TVL is up over 20%, and the top protocols on Solana are having a great week in terms of activity. This is driven primarily by SOL’s price rebounding.
While Meteora and Orca didn’t have exceptional TVL growth, they are both in the top 5 projects for DEX volume over the last 7 days. This past week was the highest for DEXs in a month.
As markets stabilized (for now), onchain activity is picking up.
🚜Farm of the Week
Lend WETH on Euler Finance for double-digit APY
Euler is a battle-tested DeFi protocol, surviving the FTX collapse and a hack in 2023. Euler TVL is at an all-time high.
How it Works
Lend WETH on Euler to earn over 13% APY.
Lending utilization is high at the moment, so the lending APY may come down, but it’s boosted with additional rewards for at least another month.
To lend your WETH, head to the lending page on Euler, connect your browser wallet, and select the amount you’d like to supply.
Risks
The End of Altcoin Demand?
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🛠️Tool Spotlight
Historical Performance Data from Coinglass
Coinglass provides historical pricing data broken down by day, week, month or quarter.
The data shows the average returns for each segment as well as the median returns. November, October, and Feb-April are historically the best months for Bitcoin.
More helpful DeFi Tools: The Dynamo DeFi Crypto Tools List
📅Key Events This Week
Macro Events
📊 March Retail Sales data - April 16th
📊 Fed chair Powell speaks - April 16th
📊 Philly Fed Manufacturing index - April 17th
📊 Markets close for Good Friday - April 18th
📊 10% of S&P 500 companies report earnings
Token Unlocks: $1b Unlocking This Week
🔓Tokenomist: Track token unlocks and make better investment decisions. Use my code DDNM5 for 5% off Pro Plans.
🔓CYBER (2.38%) - April 14th
🔓PSP (1.08%) - April 15th
🔓STRK (4.37%) - April 15th
🔓SEI (1.14%) - April 15th
🔓ARB (2.01%) - April 16th
🔓 APE (0.92%) - April 16th
🔓OMNI (42.89%) - April 17th
🔓FTN (4.65%) - April 18th
🔓IMX (1.37%) - April 18th
🔓TRUMP (20.00%) - April 18th
🔓UXLINK (11.09%) - April 18th
🔓ZETA (4.04%) - April 18th
🔓MELANIA (15.01%) - April 20th
Launches & Updates
Note that these launches are mostly unvetted by the Dynamo DeFi team and this isn’t an endorsement of any of them.
🚀 Kernel token launch - April 14th (Source)
🚀 YGG LOL land launch - April 15th (Source)
🚀Eigenlayer slashing activation on mainnet- April 17th (Source)
🚀 Kekspace public alpha launch - April 20th (Source)
⚡Favorite Resources
If you want to dive deeper, here are some of my favorite resources:
🛠️ The Dynamo DeFi Crypto Tools List: A comprehensive list of 100+ crypto tools to help with portfolio tracking, analytics, airdrops and more.
🚀 RocketX: The 1-stop-shop to get the best rates for on-chain & cross-chain swaps.
🛡️ Ledger: The smartest way to secure your crypto. Buy & sell crypto with full control over your assets.
For more frequent content, follow me on Twitter and YouTube.
Until next time,
Dynamo DeFi
