Coinbase Institutional just called for Alt Season. Their latest report points to a full-scale altcoin rotation as we head into September. Why? • Fed rate cuts could unlock sidelined capital ($7T in MMFs) • Liquidity metrics (stablecoin issuance, orderbook depth) are rising •

Avalanche saw $225m in net flows over the last month, more than any other chains.

youtu.be/MCuTkpyWhRk

Our weekly DeFi metrics newsletter is out. In it, we cover: -Latest market and DeFi trends, from a metrics-based perspective -Fundamental analysis for chains and protocols -The most significant onchain metrics this dynamodefi.substack.com/p/mixed-signal…

Token Unlocks this week:

Bitcoin is on track for a completely green summer, something that hasn't happened in 8 years. BTC has experienced positive monthly returns April-August only one time in its history: 2017 That year, Bitcoin saw a pullback in September, then an explosive Q4: October +47%

Last week Base facilitated $12.7b in DEX volume, the highest volume week since January. TVL on Base also hit an all-time high of $4.8b, adding almost $3.5b YoY.

Among the largest DeFi protocols, Ethena and Pendle are the only two out of the top 10 that are seeing meaningful TVL growth over the last 7 days. Ethena's growth puts it on track for a record month of revenue. Pendle's August DEX volume is on track for a record month.

Value Investing in Crypto: Creating a Portfolio of Undervalued Tokens to Generate Passive Income youtu.be/2nqbsfe4h7w

Satsuma and Kalshi are the largest recent investments from funds. Out of 36 listed investments: 8 are AI-focused 5 are Infrastructure 4 Gaming-oriented 3 DeFi projects 2 Prediction Markets

If you're wondering how big the Digital Asset Treasury market is, here's a helpful visual. July was 3x larger than June.

General framework for creating a portfolio of undervalued tokens: Here's how you can take advantage of real-time data from onchain businesses. Look for protocols that fulfill three criteria. (use the DefiLlama.com homepage. It's free & has the criteria we're looking for) 1. Low

In the last 7 days, the Crypto Fear & Greed index has dropped from 75 down to 44 and back to 50 today. Back to Neutral for the first time in two months. Market sentiment not as confident.

Ethena is selecting assets to back perp-hedge collateral. BNB is approved, XRP & HYPE to be onboarded shortly.