💣 You Could've Made How Much From The JTO Airdrop??

A weekly recap of the largest crypto events and narratives, with an extra dose of insight.

Here’s what we have for you:

• JTO is up how much?

• Dog coins are back

• Tax season, remember to pay them

• Wireshape <> Google Web3 startups program

• Bringing precious metals onchain

• Arkham Intelligence and frontrunning others

Hey Raiders, hope y’all had a good weekend. JTO’s airdrop hit an explosive point on Friday, briefly trading at $4.40. That means even if you got the lowest tier of the airdrop, which only required you to stake 1 SOL for a little more than a month, you walked away with $19K. That is straight-up literal insanity. With that, it looks like the wealth effect in the Solana ecosystem has begun.

Dog based memecoins are ripping up left and right. On Solana, we have BONK which is up well more than 10x already in the past few months. On Cosmos, we have HUAHUA, and CBRUS (which apparently is a better dog memecoin cause it has more heads?). We have the OG dogs on Ethereum, DOGE and SHIB.

-RektRadar

Solana has much much less liquidity than Ethereum, with its TVL being only <10% of Ethereum’s TVL. Yet in the past few days, Solana’s DEX volume has nearly matched that of Ethereum. One could say that Solana’s capital efficiency, how much liquidity is used, is much much better than Ethereum.

One demonstration of this is the JTO/jitoSOL pool on Kamino. At its peak, it had an APY of 40,000%, and sure, most of that is probably due to the hyped airdrop. But even today, the APY sits at a comfortable 370%. Don’t fade Solana DEXs.

Oh, and Kamino is going to launch a points program.

It’s tax season

• Awaken Tax is the first tax software built for hardcore DeFi and NFT users. It’s almost time to file those pesky taxes, and if you’ve enjoyed the recent runup, then chances are, you’ve probably made some profits.

• The product is now completely free until March 1st, so be sure to use it asap. Awaken supports over 15,000 smart contract functions so you can be sure it’ll cover most of your activity.

Wireshape joins Google Web3 startups program

• Wireshape is a platform aimed to tackle the pervasive problem of inaccurate product information. Ever received a product that didn’t match the online description? Happens way too often these days.

• Wireshape’s innovation lies in a dApp, designed to set a new standard in decentralised product data. It allows consumers, manufacturers, and retailers to add and validate product information.

Bringing precious metals onchain with Folks Finance

• Folks Finance allows you to unleash the power of DeFi. Lend, borrow, trade, and manage your digital assets all in one platform.

• They recently listed Gold and Silver RWA tokens, allowing you to hold precious metals and utilise them efficiently within DeFi. These RWAs are backed by actual silver and gold offchain, and with nearly $142M in protocol TVL, it looks like this could be the perfect home for these RWAs.

How do you frontrun others?

I’m sure you’re familiar with Arkham Intelligence by this point. The platform has been non-stop shipping and it’s primed to play a vital role in the coming bull market. All the alpha is onchain these days, so you’re going to need an onchain intelligence tool.

For example, this handy trader managed to generate a 275x in 3 weeks. That’s pretty darn impressive. Combining that with the intel exchange, the visualiser, and new wallet partnerships, the platform is looking real handy.

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