Weekly Yields

Bear Market Over? Crypto Weekly Newsletter #034

Download Report

+120% ROI Trading Bot, SOL Rallies +52%, Derivatives Volume Drops, ETH Liquid Staking Trends, Trader Joe on BNB.

Thank you for signing up for our newsletter!
You have already signed up for our newsletter.
Weekly Yields
Danail Velchovski
January 9, 2023
Jan 9


According to Bloomberg, the cryptocurrency sector shows signs of life early in 2023, posting larger gains than other asset classes such as stocks, bonds, and gold.

Today’s newsletter covers the following:

  • Solana leads the bull run at +70.81% YTD
  • Crypto derivatives trading volume plummets
  • Ethereum Shanghai upgrade to supercharge liquid staking
  • AVAX’s DEX Trader Joe expands to BNB

Market update

The cryptocurrency market trends upward, led by Solana at +52.41% ROI in the last seven days. Among the other leading crypto assets, Lido Staked Ether (+28.61%) and Cardano (+27.24%) show the highest ROI, while ETH rallies by +10.70% week-on-week.

Data from Jan 09, 2023, at 18:15 UTC via Messari.io.

Latest news:

Crypto Derivatives Trading Volume Plummets

According to CoinGlass data, the volume of Bitcoin Futures on the top 11 centralized exchanges dropped by -38.79% to $386.59B in December. As of Jan 09, 2023, the volume for this month sits at $64.91B, continuing the downward trend for now.

Source: CoinGlass. Chart by: The Block

On the other hand, CryptoCompare’s latest Exchange Review shows that the total derivatives volume of cryptocurrencies decreased by -52.7% in December, reaching $1.16T.

Ethereum Shanghai Upgrade To Supercharge Liquid Staking

Ethereum developers have confirmed that the Shanghai upgrade, scheduled for March, will include the ability to withdraw staked ETH.

This news brings relief to stakers who were concerned about the indefinite lock-in of their tokens. Currently, 15.9M ETH, worth approximately $19.8B, have been deposited into the staking contract, representing 13.2% of the supply. The Shanghai upgrade will also include gas fee reduction for layer 2 solutions and data storage and access improvements.

Where we are at with Ethereum’s roadmap. Source: Vitalik’s Twitter

According to CoinTelegpraph, the upgrade will allow liquidity staking protocols to grow with the possibility of reaching last year’s Merge highs for the leading ETH staking tokens.

AVAX’s DEX Trader Joe expands to BNB

Trader Joe, Avalanche’s leading decentralized exchange (DEX), is expanding its ecosystem to BNB Chain. Trader Joe’s Joepegs NFT Marketplace and DEX will be available by the end of March. BNB Chain users will be able to discover premium digital collectibles and trade tokens using the Joepegs Marketplace and Liquidity Book AMM.

Joepegs is the most popular NFT marketplace on Avalanche, with over 34,000 users, and has facilitated over $9.5 million in secondary sales. Liquidity Book offers low fees and concentrated liquidity provisioning for liquidity providers on BNB Chain.

Other news

Our research

Read our latest research articles in one click.

Analyzing 59 DeFi Yield Aggregators
Crypto Projects That Won And Lost In 2022
Web3 Trends To Watch In 2023

One Click Crypto performance

Aggregated return of One Click Crypto vs. BTC and ETH

Last week, Bitcoin gained +2.08%, while Ethereum jumped by +5.76%. The average returns of all 1CC trading strategies produced +2.86% ROI for the same time period.

The average returns for 7 and 30 days, measured on Jan 08 at 23:59 UTC. Source: 1CC Stats

Top trading strategy

Last week, One Click’s top-performing crypto trading strategies were Performer v1 and Explorer at +5.50% and +5.48% average ROI, followed by Astral at +4.25%.

Top-performing AI strategies between Jan 02 00:00 UTC and Jan 08 23:59 UTC. Source: 1CC Stats

Top-performing market pairs

During GALA’s incredible rally, two of One Click Crypto’s trading AI bots caught the trend. Performer v2 gained +120.58% last week, while Explorer returned +102.31%. Solana continued its last week’s uptrend and the Performer v1 AI bot gained another +40.19%.

The best market pairs for 1CC AI bots between Jan 02 00:00 UTC and Jan 08 23:59 UTC.

Final word

The first two weeks of 2023 look promising for crypto, but we should still pay attention to global events, such as economists predicting a 70% chance of a 2023 recession.

Bitcoin just recently turned 14 years old, and it might be about to face its most unpleasant macro environment to date. Something that the network was initially designed to combat following the 2008 crisis is now put to the test.

On the upside, crypto is here to stay, and even the IRS acknowledges this as they see decentralized currencies becoming “more legitimate and sophisticated.”

But the question is, what will stand next to BTC when the market fully recovers?

Max Yampolsky,
CEO at One Click Crypto

This is not financial advice. This newsletter is strictly educational and does not provide investment advice, solicit the purchase or sale of any assets, or encourage readers to make financial decisions. Please use caution and conduct independent research.

Download Report
Danail Velchovski

Danail masterfully combines his deep knowledge of blockchain technology and his strong writing skills to deliver crisp, comprehensive content. With his early immersion in the web3 domain, he navigates the complexities of this revolutionary technology with ease, turning intricate concepts into engaging, digestible pieces. His research acumen and keen insight into the rapidly evolving world of decentralized networks make him an invaluable asset in educating audiences about web3's potential and its ever-evolving landscape.

Sign up for our newsletter
Sign up for an account and get
access to the Transformer AI
Please, enter a correct email
Request Access
I'm an institutional client
You have successfully signed up for OB Trader!

We sent you a link to complete your sign-up.
Check your inbox, verify your email, and unlock all functionalities of your OB Trader account.

Join our communities!
You have requested access for OB Trader!

You have requested access for One Click Crypto!

You were added to our waitlist. You will get an email within 3-5 days If you are shortlisted.

Follow us
Oops! Something went wrong. Please, try again.
Oops! Something went wrong while submitting the form.
One Click Crypto
institutional inquiry
Submit your inquiry through this form
Thank you! Your submission has been received and the team will get back to you within 1-3 business days.
Oops! Something went wrong while submitting the form.