Adrian's DeFi Alpha #36: Hyperliquid’s Next Big Move & The Best Berachain Farms Right Now
Definitely no financial advice, just insights based on my own journey in DeFi.
The altcoin market saw a dip and there are huge opportunities to buy some gems this week. With the knowledge of this newsletter and my Telegram group we are outperforming in this bull market:
Hello Friend!
This bull cycle is my second “active” one (originally I bought BTC in 2012 but at that time it really was just magic internet money).
But let’s be real. Along the way, I’ve made some brutal mistakes. Mistakes that cost me a lot of money. The good news are, you don’t have to make the same ones.
I wish I had known when I first discovered crypto. If you’re looking to maximize your gains and keep them this cycle, you’ll want to pay close attention.
✅ Why less is more when it comes to altcoins and how a focused approach can lead to better returns. → Hold 10 different coins and token max.
✅ The importance of studying history, not forecasts, so you don’t get caught up in wild BTC price predictions that never materialize. → Don’t trust anybody telling you, that the supercycle is here and BTC will go to 500k+ soon.
✅ Knowing when enough is enough, so you actually take profits before the market punishes you. → Know your strategy:
1️⃣ Long term hodl positions → sell by the end of the bull market (it doesn’t pay to hold through the bear market)
2️⃣ Short term positions → be fast and take profits continuously. You’ll regret way more not taking profits than taking profits too early.
This cycle is the hardest it has ever been. But making money in a bull market is actually the easy part. Keeping it? That’s where most people fail.
Let’s make sure you don’t.
️ On today's Episode:
📉 Market Update – A look at this week’s biggest events: Jupiter’s buyback program, Bittensor’s dTAO upgrade, and Hyperliquid’s growing dominance. Plus, how Solana is becoming the go-to chain for AI projects.
💻 Project Updates – What’s happening with Neurobro, Movement, and PEAQ? Updates on key DeFi campaigns and ecosystem expansions.
🐂 Alpha Opportunities – Best Berachain farms to put your $BERA to work. Deep dive into the most lucrative yield farming strategies right now.
🚀 Hyperliquid’s Big Moves – How Hyperliquid’s spot market expansion and HyperEVM launch could make it one of the most profitable crypto platforms.
💎 The Premium Section with even more Alpha and all Portfolio, Airdrop & Farming Updates
1. Market Update
Highlighting the key developments in Crypto and their implications.
Weekly Crypto Bubbles
The global #crypto market cap today is $3.27T, a -4.17% change in the last 24h. Total trading volume in the last 24h is at $118.0B.
🚀 Events Of The Week
Major announcements and key macro events, here’s what you need to know.
Jupiter’s Big Week
Jupiter is set to announce a major product update, distribute ASR rewards to JUP stakers, and reveal new details about its JUP buyback program. The buyback strategy, which allocates 50% of platform fees to repurchasing JUP, has already fueled a strong rally. → One of the strongest tokens with great fundamentals.
Bittensor’s dTAO Upgrade
Bittensor is rolling out its most significant upgrade yet. The dTAO upgrade will tokenize subnets, turning them into tradable assets. Staking TAO into a subnet will now mean exchanging it for the subnet’s alpha token, which can later be converted back at market rates. → New speculation on TAO, should be a positive catalyst.
HYPE Unstaking Unlock
Roughly $165 million worth of HYPE is pending unstaking over the next week. Most of it will unlock on February 14 and 15, meaning some volatility could be on the horizon. → HYPE is one of the strongest tokens in this phase of the cycle. Around 20$ I’d like to accumulate more.
Macro Events to Watch
The U.S. Consumer Price Index (CPI) data for January will be released on February 12, giving insight into inflation trends. Expectations are for a 2.9% year-over-year increase.
Coinbase Earnings Call
Coinbase will report its Q4 and full-year 2024 earnings on February 13. Investors will be watching closely for updates on trading volume, revenue, and regulatory developments. → COIN is a solid bet on crypto volume and regulated crypto in the US.
🌊 Where’s the Money Flowing?
Ethereum ecosystem is not acting as a safe haven for capital flight during uncertainty anymore as more capital has migrated to Solana over the past week than vice versa. This likely stems from the fact that people are fed up with Ethereum’s underperformance over the past 3 years. Took them long enough.
Top Bridged Net Flows: Base & Solana
Base and Solana dominate capital flows:
Base: $128M bridged in the last 7 days.
Solana: $66M bridged in the last 7 days.
Solana AI Dominance
Solana is the leading AI chain now.
Total Agent Market Cap — $7.09B
◦ Solana $3.43 billion
◦ Base $2.58 billion
◦ Others $1.49 billion
Virtuals expanded to Solana on Feb. 11th, that lead should expand. Teams are now able to launch their agents and tokens natively on Solana.
CEX Token Were THE Trade
2. Project Updates
What dApp and project updates you need to know in the fast-paced world of crypto
You can find the links attached to the images
Neurobro Agent Gets A Lot Of Attention
→ Price action is not bad at all. One to watch.
Movement Liquidity Campaign
and Trump’s WLFI buying more MOVE
PEAQ DePIN Blockchain Starts Campaign
3. Alpha Section
Good projects and opportunities I discovered
Alpha 1: Berachain Farms
Berachain just distributed their long-awaited airdrop, and if you’re lucky enough to have received $BERA, the worst thing you can do is dump it at 5$ now.
Instead, let’s talk about how to put your $BERA to work with some of the best yield farming opportunities.
But first of all: If you have no clue about Berachain, check my Special Report from last week:
1) Maximizing Your $BERA with Infrared Finance
Infrared Finance offers two primary strategies for farming your $BERA right now:
✅ Stake $BERA to receive iBERA at 10.97% APR
The catch? Unstaking isn’t available yet, and rewards remain undefined.
✅ Provide liquidity for iBERA-WBERA on Beraswap, earning 8.37% APR
No BGT rewards, but it’s a low-risk way to earn on your $BERA
If you’re looking for bigger rewards, liquidity pools on Berachain Hub offer some of the best returns in the ecosystem:
🔥 Liquidity Pools on Beraswap
WBTC-WBERA → 14.22% Pool APR | 217.86% BGT APR
WBERA-HONEY → 36.67% Pool APR | 192.28% BGT APR
WETH-WBERA → 17.97% Pool APR | 186.62% BGT APR
Once you’ve added liquidity, stake these LP tokens in Infrared to earn iBGT rewards, which have insane APRs:
WBTC-WBERA LP → 544.21% APR
WBERA-HONEY LP → 454.32% APR
WETH-WBERA LP → 509.09% APR
Finally, stake iBGT in Infrared’s iBGT Vault, which offers 551.45% APR with rewards in iBGT, HONEY, and WBERA.
2) More DeFi Opportunities on Berachain
If Infrared isn’t your thing, here are other high-yield options to consider:
🔹 KodiakFi (Top farm APRs)
BERA-HONEY → 126.44% Swap Fee APR | 190.44% Farm APR
WETH-BERA → 105.8% Swap Fee APR | 173.36% Farm APR
HOLD-BERA LP → 236.18% APR
🔹 Yeet
read this first
The Liquidity Trifecta is a partnership with Kodiak and Beradrome which results in $YEET/$BERA LPs receiving multiple tokens as incentives (hella skrilla)
The Liquidity Trifecta Vault is a Yeetard-friendly automated yield product which farms rewards, and compounds them into a $YEET/$BERA LP position
Alpha 2: Hyperliquid – The Future of Onchain Trading
Hyperliquid could still be one of the most undervalued ecosystems in crypto right now. With the expansion of its spot market, the upcoming HyperEVM launch, and aggressive token accumulation, $HYPE has the fundamentals and traction to perform great.
🔹 Market is Underpricing $HYPE’s Potential
The market could be underestimating Hyperliquid’s ability to disrupt onchain trading. A few catalysts are setting up a perfect storm for price appreciation:
✅ Spot market expansion to major assets like BTC, SOL, and ETH, which could increase trading volume by 15-30%
✅ Capture of WBTC and cbBTC volume, with a 30% penetration of BTC’s spot and perps markets
✅ HyperEVM launch, enabling DeFi applications to interact directly with Hyperliquid’s onchain order book
🔥 Hyperliquid’s Spot Market Expansion
Hyperliquid has been primarily known as a perps trading platform, but with non-native spot listings on the horizon, its reach is about to explode.
Why does this matter?
Currently, spot trading volume on Hyperliquid remains relatively low, as only $HYPE and a few native assets are available. Over the past week, total spot volume reached $916M.
📈 Centralized exchanges typically see spot trading volume equal to 30% of their perp volume.
If Hyperliquid achieves similar ratios, spot trading volume could surge 10x—from $916M to over $9B per week (30% of its $35B weekly perps volume).
This would lead to:
✔️ A massive increase in trading fees and revenue, potentially growing from $683M annually to over $6B, making Hyperliquid one of the most profitable businesses in crypto.
✔️ Greater liquidity and market depth, attracting more traders and institutional capital.
📊 Additionally a 30% penetration of BTC trading volumes could capture a significant share of WBTC and cbBTC markets
If successful, this would make Hyperliquid one of the largest onchain exchanges, rivaling the biggest CEXs like Binance.
Momentum is Already Building
Over the past 7 days, Hyperliquid has already captured nearly 15% of the perps trading volume between itself and Binance—a 6x increase in just four months.
🔗 HyperEVM
HyperEVM will enable Hyperliquid to become the first fully onchain Central Limit Order Book (CLOB) with an application layer.
What does this mean?
🛠️ Developers can build DeFi applications that interact directly with Hyperliquid’s order book
💰 New trading strategies and automated execution models will emerge, similar to how HFT firms dominate TradFi
🌐 A new class of DeFi apps will be built, making Hyperliquid the backbone of onchain finance
HyperEVM could fundamentally change the way onchain trading works.
💰 Hyperliquid’s Strategic Accumulation of $HYPE
Hyperliquid’s Assistance Fund has been actively buying up $HYPE, now holding over 4% of the circulating supply.
This creates:
🔥 Massive buying pressure as the fund continues accumulating
💎 A supply shock that could drive up the token price as demand increases
🏆 A stronger foundation for Hyperliquid’s long-term vision
And the best part? All of Hyperliquid’s revenue is redirected to the community via HLP and the Assistance Fund, ensuring sustainable growth.
Airdrops to Watch
Top SUI airdrop guide
10 high reward farms
You will get daily updates on the market and my portfolio positions on Telegram.
Adrian's Premium Alpha:
Everything Adrian can’t share in the Public Newsletter: Portfolio Updates, Early Projects/Small Caps, Investment Theory
GM GM readers of Adrian’s Premium Alpha,
I’ve uncovered some top-tier Hyperliquid opportunities that could capitalize on the growing excitement around $HYPE.
AI Agent frameworks are also making a strong comeback this week, bringing fresh opportunities worth watching.
And as always, I’ll keep you updated on our portfolios.
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