Crypto Market Movements

Analysis of Cryptocurrency Market Movements:

1. Stablecoin Flows:
- The popularity of $Arbitrum is evident as it experiences a high level of liquidity inflows of 10.66%, and its native DAPPs are performing well. This presents various PVP opportunities.
- In contrast, $CANTO liquidity seems to be decreasing as investors realize it lacks any real use case.

2. Smart Money Movement:
- This week, there has been a significant outflow of ETH as smart money shifts to various alt-coins based on different market narratives. Cryptobubbles.net reveals that the alt-coin market is performing well.
- Among the alt-coins, $BLUR experienced the most inflows due to an airdrop, while $stETH experienced an inflow due to an arbitrage opportunity.

3. L1/L2 Movement:
- The L2 narrative remains strong, with Polygon, Arbitrum, and Optimism among the top five ranking in terms of fees. There have been no significant changes since last week.
- Despite the events of 2022, Solana remains resilient and continues to maintain its relevance.

4. DAPP Movements:
- Maker's revenue and earnings rankings have improved due to FUD around BUSD/USDC, which has pushed investors towards USDT and DAI.
- BetSwirl's P/S ratio at full circulation appears attractive, but its value has already increased four-fold. It is advisable to trade carefully and understand the risks involved.