The market has been like a roller coaster these two days. It got off to a good start at the beginning of the month, but it crashed down the next day.
However, as long as there is volatility in the market, it means that there is capital trading in the market, and relatively speaking, many opportunities will arise.
We are still in a bear market, and in a low-liquidity market, if you want to seize one or two opportunities, you must be faster than others, otherwise you will easily be harvested by the dog dealers.
Below are some of the mainstream tokens I have observed recently. Based on the $ETH portfolio, these tokens are likely to outperform the market in a good market environment.
1. $ARB-Arbitrum Short-Term Incentive Plan (STIP).
50 million ARB will be distributed to protocols in the ecosystem, which can drive the development of the ecosystem by attracting a large amount of liquidity.
The first Optimism grant was $42M OP, and during the distribution period of this grant, TVL grew from $300M to $1B+.
2. $SOL - A growing DeFi ecosystem while maintaining a very strong/vocal community.
Solana is more than just a L1 as it has significant scaling advantages in terms of product-market fit. For example, EclipseFND uses Solana VM to build Ethereum L2.
3. $RDNT - launched on the Ethereum mainnet in the past two days and is currently the leading lending leader on Arbitrum.
TVL is expected to rise due to cross-chain expansion. In addition, Arbitrum STIP proposes to receive 3.36 million ARBs, aiming to promote ecosystem development.
4. $RLB - Token FDV is $400 million and 30-day annualized revenue is $494 million.
The majority of these revenues are used to purchase and destroy $RLB, and with no token inflation, it is one of the few crypto products with a PMF outside of crypto.
5. $DYDX - V4 will be launched this month.
Despite the lack of new features in the current version, dYdX’s daily trading volume accounts for 50%+ of all on-chain futures trading volume. V4 introduces many things such as $DYDX revenue sharing, and the only current resistance is the large-scale unlocking that will begin in December.
6. $PENDLE - The only DeFi protocol whose TVL continues to reach ATH regardless of market trends.
Great product with sustainable economics and a team that works 24/7. The recent RWA integration has further been a huge success.
7. $MKR - As long as the DAI supply continues to grow, the annualized income will continue to grow.
With the launch of subDAO, many catalysts and flywheel effects will occur.
8. $GMX - 14 million ARB grants. 6 million for trading incentives, 6 million for liquidity incentives, and 2 million for protocol integration.
Arbitrum wouldn't be where they are today without GMX, so I think they're likely to get a big grant. Pretty significant positive catalyst that could attract a lot of liquidity and users, which would definitely have a big impact on $GMX.
9. $FXS - FXS has underperformed the market recently, in part due to a reduction in $FRAX supply.
FRAX V3 will introduce RWA collateral and yield distributions which is a major catalyst and will go live soon. $FXS will also be repurchased at $5 and $4 so unless the market goes nuclear the downside is pretty limited in my opinion.
10. $SNX - Synthetix V3 is coming. The expansion of Base seems to be coming soon, and using ETH as a collateral asset for synthetic debt may be a positive catalyst for SNX.
That’s all for now. The above is not financial advice. I personally hold some of the tokens mentioned above.
I hope this topic is helpful to you. 🙏Thank you for your likes and support👍