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On-Chain Insights: ETH Staking, Farming Opportunities, and Arbitrum Activity
Jake Kennis
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Key Takeaways
3 min read

  • Smart Money activity shows a slight preference towards stablecoins and has been more risk-off from altcoins. Significant inflows have been observed in tokens such as USDC, stETH, USDT, CVX, BUSD, WBTC, and rETH. Trending entities like Chronos Exchange and Angle Protocol are gaining attention on Arbitrum and Ethereum alike due to new upgrades or yield opportunities.

  • There has been notable DEX trading activity in LUSD and PEPE, with large wallets buying and bridging LUSD to Arbitrum for potential yield opportunities. PEPE trading volume remains high, with some wallets heavily invested in the meme token while maintaining a risk-off approach with the rest of their portfolios denominated in mostly stables or ETH.

Smart Money Movements (24h)

The overall trend shows that Smart Money activity is slightly less risk-off from altcoins given they are focused on stablecoins, with significant increases in stables and LSDs over the last 24 hours. Some of the top tokens include USDC, stETH, USDT, CVX, BUSD, WBTC, and rETH.

stETH

  • Over $1.9m inflows to Smart Money over the last 24 hours.
  • 🤓 Smart LP: 0x2e3 bought over $942k of stETH and it is currently sitting idle in the wallet.
  • 🤓 Wavebridge received over $730k of stETH from the Curve pool. They were previously...