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On-chain Insights: zkSync, Trader Joe and Smart Money Movements
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Key Takeaways
2 min read
  • zkSync has the largest amount of bridgers in the last 7 days, but the airdrop narrative seems to have cooled down for a bit.
  • Trader Joe has received significant attention following the ARB airdrop as its LB model allowed it to gain significant TVL for the WETH-ARB pool.
  • Smart Money seems to have gone into 'safer' assets as major inflows in the past day include WETH and DAI.

zkSync

  • The chain has the largest number of depositors in the last 7 days, possibly brought about by the launch of Era Mainnet Alpha.
  • Despite this, zk tokens have fallen in price over the weekend - signalling that the narrative has probably cooled for a bit following its rise after the Arbitrum airdrop.

Trader Joe

  • The protocol has received renewed attention on its Liquidity Book (LB) model following the Arbitrum airdrop as the WETH-ARB pool managed to attract over $10m in TVL and $30m in volume.
  • Many have mentioned that the LB model is an improved version of Uni v3, with...