💣 What Does Pendle Have In Store?

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

Here’s what we have for you:

• Market exhaustion

• Other ecosystems to farm

• Wonderverse helps build communities

• SonarWatch helping you keep pulse

• Linking TradFi and DeFi with Obvious

• Lit Protocol and decentralised security

• Pendle V3

Gm Raiders, last few weeks of the year. Lets get it. If you’re feeling a little scared, I can totally understand. BONK is down 40% from its ATH, and it feels like finally there is some exhaustion in the market. BONK’s little brother, WIF, is still holding strong after having gone up by over 10x in the past week.

It does feel like the market is going to consolidate for a while here, which means it’s time for you to get heads down, find what you think will outperform in the next leg up, and slowly start deploying into them.

At this point in time, Solana may be a crowded trade. However, judging by the amount of cope I see on my timeline calling for lower, and that Solana’s run is over, I think it still has some ways to go. Having said that, it wouldn’t hurt to go farm some under the radar ecosystems such as Injective or Avalanche.

-RektRadar

Are you trying to figure out which part of the cycle we are in? Same. However, here’s some hopium for you to inject into your veins this Monday. The graph below shows the crypto total altcoin marketcap when DOGE went from $400M to $10B in April 2021. Over the next few months, total altcoin marketcap proceeded to go vertical from ~$165B to over $1T.

This brings us to today. During the next cycle, you would at least expect the total altcoin marketcap to break the previous ATHs. However, we are barely even there yet. As of today, the total altcoin marketcap is ~$500B, which means that we have much much higher to go. If you think total altcoin marketcap can go up to say, $3T this cycle, then we are truly in for some fireworks.

Wonderverse helps build communities

• Wonderverse enables communities to create a store native in Discord where members can redeem both web3 (NFTs, tokens, etc) and non-web3(merch, subscription discounts, etc) rewards for points they’ve earned.”

• We think that crypto native messaging apps, such as Telegram and Discord, will be home to a rich blend of apps in the next cycle, and this has already started to play out with Telegram trading bots and in Discord games.

SonarWatch helping you keep a pulse

• SonarWatch is a portfolio dashboard supporting 9 chains, including the best Solana/Sui/Aptos coverage. I know we’ve seen quite a few of these, but keeping track of your portfolio is just so damn important in a bull market when everything gets hectic.

• Have multiple wallets and want to see them in one place? SonarWatch can do that through its multi-wallet bundle feature. They’ve also massively increased coverage on EVM, BSC, and Solana.

Linking TradFi and DeFi with Obvious

• Ever had a monumental headache connecting your wallets, bank accounts, and onramp/offramp solutions? I know I have, which is why Obvious and its smart contract wallet is such a great solution.

• By rolling a crypto-friendly bank account, US bank account, and self-custody wallet into one, you get the best of TradFi and DeFi in one place. The solution is Obvious. Simply open a USD account in minutes, do ACH transfers, SWIFT or Wire transfers, get USDC and earn interests with a self custody wallet.

  Sign up now!

Lit Protocol and decentralised security

• Decentralised key management is the future. In a few years, we probably won’t live in a world where we all sign into a simple wallet that acts as a single point of failure.

• Lit Protocol, a key management network for decentralised signing and encryption is one of the teams spearheading this future. And one of their largest customers, Infinex, is about to go live. Lit Protocol will operate a service that shards programmable key pairs on a decentralised key management service.

Pendle V3??

Pendle has been one of the strongest performers of the bear market, currently up over 32x from its all-time-lows. Better designed mechanisms, a large inflow in liquidity, the integration of RWAs, and more developed bribe market were just a few of their innovations.

Good startups never stop innovating. Which is why Pendle has teased V3, an onchain system for margin interest rate swap markets, including TradFi interest rates. If you had read our previous deep dive, you would know that the main growth catalyst for Pendle would be continued integration of RWAs, and it looks like our prediction was spot on.

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