Today’s edition is brought to you by Dopex - a decentralized options exchange with cheap premiums and capital-efficient LP returns.

Dopex v2: CLAMM is now live!

GM. This is Milk Road, your crypto news jukebox, playing all the top market hits.

It’s Friday. Let’s boogie:

• 5 crypto tools you NEED to be using 🔧

• Putting the last rally into perspective 👀

• “EthBoy” sells for $400K 🤑

• Dogecoin is going to the moon (literally) 🍪

5 CRYPTO TOOLS YOU NEED TO BE USING🔧

Everyone always asks us what kind of crypto tools we use…

Today, we’re gonna show you. Introducing the Milk Road On-Chain Toolkit.

These are all tools that we use for stuff like analyzing data, protecting our assets, and feeling out market sentiment. 

Here are our 5 go-to’s (aka we use them every damn day, and they pair well with your morning coffee):

• DefiLlama: a platform that shows you everything DeFi-related - like total value locked (TVL) across different blockchains and protocols, liquid staking metrics, upcoming token unlocks, and more. 

• WalletGuard: a security tool that shows you the “health” of your wallet, and alerts you if you connect to any fake/malicious sites.

• Etherscan: the official block explorer for Ethereum - it shows wallet balances, transactions (both real-time and past ones), and is a good tool for tracking wallets.

• Dune Analytics: a platform for blockchain ecosystem analytics. It’s good for exploring data on Ethereum, Bitcoin, Polygon, Solana, etc., and also shows you data for NFTs. (It’s where all the certified data nerds are).

• DEXTools: it’s a GPS for everything token-related. Even if the token launched a minute ago, it’s on DexTools and you’ll be able to find important info and charts on it.

The best part? They’re all free.

And check it out, we created a whole guide diving into each of these tools here.

P.S. - we added an extra 3 tools to the list. (Christmas came early 🎁)!

IS THIS THE END-GAME FOR ON-CHAIN OPTIONS?

Whether you are minimizing your risk or adding to the leverage fire, options contracts have their time and place for degens and investors.

The problem? They haven’t gained much traction yet in crypto.

Well, the Dopex v2 upgrade is set to change all that. 

Introducing CLAMM. For those unfamiliar, the Concentrated Liquidity Automated Market Maker (”CLAMM”) is the first arm of the upgrade:

• CLAMM allows liquidity providers (LPs) to earn trading fees from v3 DEXs like Uniswap v3, as well as option premiums and rewards

• Traders can now trade American-style options on markets like ETH/USDC, wBTC/USDC, and ARB/USDC, allowing users to exercise contracts at any time

• Providing LPs with sustainable yield and traders with deep liquidity - did someone say flywheel??

Get This. Dopex also received 600k $ARB from the recent STIP incentive program, all reserved for LPs on the platform.

Try out CLAMM and claim your share!

PUTTING THE LAST RALLY INTO PERSPECTIVE 👀

Every time I check prices, there’s a new coin pumping…

SOL is up 500% this year. 

RUNE is up 285% over the last 30 days.

TIA is up 132% over the last 7 days. 

My exposure to these tokens: 0%. 

(Be right back, gonna go gargle some Castrol oil…)

And some of you might be in the same boat. You feel like you missed the rally. 

Well, this graph should make you feel a little better…

This shows what real rallies look like…

• In the first half of 2021, the altcoin market cap jumped from $100B → $900B. Btw, the market did see a pullback, and then…

• It jumped from $450B → $1.1T in the second half of the year. 

To put it into perspective, the recent altcoin rally has only led to a market cap increase from $300B → $420B.

Psh. Peanuts. 

The big takeaway: We’re still early. This is just the warm-up for the big game. 

So don’t FOMO into chasing all the pumps. Save some liquidity for when the real rally begins. 

“ETHBOY” SELLS FOR $400K🤑

Meet “EthBoy”…

• It’s a Picasso-style painting of Vitalik Buterin dressed in a harlequin suit. (aka those funky-looking clown suits people wore during The Renaissance).

• It’s a generative piece of art that changes its appearance every day based on factors like ETH price fluctuations, gas fees, etc. 

• It was created by artists Trevor Jones, DJ Don Diablo, and Alotta Money. (my new favorite nickname).

And this bad boy just sold for 200 ETH (~$400K) yesterday. 

1Confirmation added it to its NFT collection. (It’s a well-known crypto VC firm that also bought this CryptoPunk for $3.3M).

Talk about a masterpiece. *chefs kiss*

Deserves to be up in the Louvre! Right next to Mona.

BITE-SIZED COOKIES 🍪

The Dogecoin community is planning to send a physical DOGE token to the moon. The same mission is also sending a physical Bitcoin token and a copy of the Genesis Block (aka the first block of Bitcoin to be mined).

Ubisoft is giving away free Ethereum NFTs for its new game “Champions Tactics”. That’s right, the creator of Assassin’s Creed and Just Dance is going Web3. 

The Philippines government plans to sell $180M worth of tokenized treasury bonds next week. Blockchain tech 🤝 debt market.  

CoinShares International Limited secured an option to buy Valkyrie’s ETF business. CoinShares has the largest market share of European crypto exchange-traded products and is now looking to expand into the U.S.

PancakeSwap released its new Gaming Marketplace yesterday. It lets developers directly build, publish, and update games on the platform. 

Aave Companies is rebranding to Avara. The blockchain infrastructure company is well-known for building Aave - an open-sourced liquidity protocol.

BlackRock's Ethereum ETF filing prompts a quick ETH price reaction. ETH climbed nearly 2% following the ETF filing announcement.

MILKY MEMES 🤣

ROADER REVIEW OF THE DAY

VITALIK PIC OF THE DAY

Caption: Vitalik “PaintMeLikeOneOfYourFrenchGirls” Buterin

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DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research. Sponsored messages do not constitute a testimonial or endorsement by Milk Road.