Market Recap

●       Crypto continued to march higher last week led by ETH

o  appears driven by ETF inflowsand CME bid

o  CME OI nearing ATH in BTC andETH

o  DV’s OTC desk saw retail volumestart to trend higher, with some platforms eclipsing their volume on the day ofETF launch

●       ETF inflows:

●       $STRK announced

o  Aevo pre launch perps implyinga hefty 18B FDV

●       Rumblings of FTX estate selling tokens again, caused someunderperformance in $SOL

●       South Korea’s proposed 20% crypto gains tax that was scheduled to gointo effect in 2025 is potentially delayed another 2 years

Upcoming Catalysts / Trade Ideas

●       $MATIC

o  With $STRK being the hot newlaunch token trading at 18B FDV, $MATIC benefits as a competitor in the ZKspace, and looks very attractive from a relative value standpoint

o  Token migration to $POL, with anew set of tokenomics, the exact date and details are unknown but it’s expectedto be sometime in the next quarter

o  Maplestory

▪       an extremely popular game inthe past (over 180 million registered users), is building a new blockchainversion of its smash hit game and chose Polygon to power the collectiblesmarketplace

▪       we think this is a massivedevelopment if Nexon (South Korean gaming studio) executes well on this game

o  MATIC has traded heavy over thepast few months, but it outperformed amongst large cap tokens this past week

▪       we believe it’s a turnaround innarrative and sentiment for the token and it will continue to trade well intoits numerous upcoming catalysts

▪       Internal retail flows on MATIChave been trending higher but still relatively muted compared to other tokens –could indicate majority of retail hasn’t picked up on this narrative yet

●       $DUSK

o  As a ZK L1 priced at 132mmMarket Cap and 146mm FDV, we think Dusk is undervalued relative to many competingL1 tokens

o  poised to benefit from a zknarrative as $strk will bring attention to the category

o  RWA

▪       real world assets, a relativelynew narrative in crypto, seems to have staying power (ie Larry Fink shillingtokenized assets), and we think Dusk will greatly benefit from this as it’s oneof the areas the team is focused on

o  Privacy

▪       Another area that $Dusk isfocused on is privacy technology, an area that the market was excited about inprior market cycles, but has since fizzed (ie Monero and ZCASH)

▪       If an appetite to deploy intoprivacy tokens re-emerges, $Dusk is poised to benefit

o  Incentivized testnet just wentlive, mainnet slated for Q2

▪       we think the token will tradewell as it continues to execute well on its roadmap

●       $ALT airdrop season 1 claim begins this week

●       South Korea’s proposed 20% crypto gains tax that was scheduled to gointo effect in 2025 is potentially delayed another 2 years

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Should you require limits for any of thecryptocurrencies listed above or for any other coins

availablethrough DVChain (for a complete list, see below),please feel free to contact your 

DV Chain representativeor email info@dvchain.co

https://trade.dvchain.co/api/availableTickers

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