Stormrake - Insights #APTOSStormrake - Insights #APTOShttps://www.stormrake.com/blogs/tag/aptosThu, 16 Apr 2026 03:27:43 +1000http://zoho.com/sites/<![CDATA[Arbitrum Amping Up the Layer 2 Scaling Wars]]>https://www.stormrake.com/blogs/post/L2-scaling-wars

Layer 2s (L2) are scaling solutions built on top of the Ethereum network. With an Arbitrum airdrop speculated to happen soon, they are really starting to heat up as they compete for Total Value Locked (TVL) in a bear market.

The information contained here is for general information only. It should not be taken as constituting financial advice. Stormrake is not a financial adviser. You should consider seeking independent financial advice prior to making any personal investments.

L2 performance comparison 

Performance of Layer 2s over the past month. Note: MATIC is technically a side-chain but it still competes for ETH users the same way as any other L2.
The last month has treated three layer twos (L2s) exceptionally well, as MATIC, DYDX, and METIS put in 5%+ gains for the month. On the other hand OP, LRC, and IMX have struggled with large daily unlocks being sold into the market. With a speculated airdrop to occur for Arbitrum (one of the largest L2s by TVL) the L2 scaling wars will continue to heat up and will provide massive opportunities for the savvy crypto investor. Not only will there be incredible volatility to actively trade but for the winner(s), their tokens should fare extremely well in the next bull cycle, this is mainly due to the value accrual that occurs due to network effects.
 
Despite dour performance, OP remains one to add to the watch lists, as its network activity and TVL continues to grow and the project has significant backing from the Ethereum Foundation itself. DYDX has had strong performance in October so far, yet the "decentralised derivatives" landscape is become super competitive, only look at the rise of GMX on Arbitrum to see what we mean. This competition although healthy can take some of the steam out of DYDX in the coming months and for the patient investor, way out limit orders might be the way to go if you're bullish on this ecosystem.  

Aptos launches to nowhere 

After much fanfare, speculation and hype, the Aptos blockchain was launched to Mainnet on Wednesday and its respective token went live on major exchanges. After the usual listing pump and dump, the blockchain has quietly faded back into obscurity despite being touted as a "Solana killer". After the usual pandemonium and volatility of the listing itself, the token price has settled between the $7 - $8 USD pocket, and has been stuck in a tight 10% range for the last 48 hours. Expect a slow drift downwards over the coming months but watch for narrative changes, especially as Solana faces continued outage issues. It can be a catalyst for a big push to the upside and a break of the listing high of $12.50.

BTC/USD key levels

Bitcoin remains in a tightly wound range with severely muted volatility. The extent of time this range has been occurring for is eerily reminiscent of mid 2018 where a price shelf occurred at the $6,000 USD handle before dropping a near 50% towards to $3,000. We can't draw too many parallels between the bear market of 2018 and 2022, it's just important to be mindful of what muted volatility has led us to before. For now, I will watch for a reclaim of $19,560 for a move towards $20,554. Whilst we trade under $19,560 the market seems set for a retest of $18,549.

ETH/USD key levels

Ethereum also remains in a tightly bound range. Whilst trading under $1,333 USD, we are anticipating a retest of the $1,241 - $1,190 zone. A reclaim of $1,333 and we can expect a sharp move towards $1,400. Worth noting for ETH, since the merge has occurred in mid September, ETH supply has only grown 0.03%, largely due to an uptick in altcoin activity.  (Remembering that higher usage leads to -> higher fees -> higher burn).  Should this trend continue it will become deflationary and ETH price can head higher.

No Advice Warning 

The information in this newsletter is general only. It should not be taken as constituting professional advice from the author - Stormrake PTY LTD.
Stormrake is not a financial adviser and does not provide financial product advice. You should consider seeking independent legal, financial, taxation or other advice to check how the information relates to your unique circumstances. Stormrake is not liable for any loss caused, whether due to negligence or otherwise arising from the use of, or reliance on, the information provided directly or indirectly, by this newsletter.
 

Disclaimer 

All statements made in this newsletter are made in good faith and we believe they are accurate and reliable. Stormrake does not give any warranty as to the accuracy, reliability or completeness of information that is contained here, except insofar as any liability under statute cannot be excluded. Stormrake, its directors, employees and their representatives do not accept any liability for any error or omission in this newsletter or for any resulting loss or damage suffered by the recipient or any other person. Unless otherwise specified, copyright of information provided in this newsletter is owned by Stormrake. You may not alter or modify this information in any way, including the removal of this copyright notice.

Copyright © 2022 Stormrake Pty Ltd, All rights reserved
]]>Fri, 21 Oct 2022 10:15:56 +1100<![CDATA[The Cursed Range Continues]]>https://www.stormrake.com/blogs/post/the-cursed-range-continues

Crypto market volatility remains unusually subdued, however this doesn't mean we don't have trades available to us. We're currently watching a potential Arbitrum airdrop and the launch of a new chain called Aptos. 

The information contained here is for general information only. It should not be taken as constituting financial advice. Stormrake is not a financial adviser. You should consider seeking independent financial advice prior to making any personal investments.

Aptos chain officially launched

Earlier today the Aptos blockchain went live. Being a Layer 1 smart contract platform, it aims to be the fabled "Ethereum Killer". It's more likely to be a "Solana Killer" in the sense that it will compete aggressively with other L1s with the added advantage of a fresh price chart. 
The launch itself has been fraught with issues. Aptos is looking like a ghost chain already with very little activity through very few channels. The Discord has already been disabled. 

For the savvy crypto investor, the Aptos token is a short term play in the hopes that you can catch a listing pump on a major exchange. Be mindful though! You will be going up against notorious VC token dumpers and they're ready to fire into voracious bids and scrape a win in what has been an underperforming year.  

Arbitrum airdrop

We recently published an in-depth review of a potential Arbitrum airdrop. You can read all about it HERE. After an extensive review, the Stormrake research team is confident that the Arbitrum ecosystem will continue to thrive, although if a token gets airdropped, the price may not be reflective of the network activity. For those of you with enough resources and acumen, you can airdrop farm, otherwise you will be pleased to know that Stormrake will be providing immediate access to an Arbitrum token, if and when it goes live.

BTC/USD key levels

Yet another update with us trading at $19,560 USD. This level has become an absolute magnet for price action, to the extent where if you get a 5% move in either direction, it wouldn't be a bad idea to fade it back up or down to $19,560. For now the momentum remains to the upside and we're looking for a retest of $20,554. If we fail to reclaim $19,560 then expect a quick move back down to $18,549.

ETH/USD key levels

Ethereum is in a similar god forsaken range, back to its usual level of $1,333 USD. This level has been mentioned numerous times in our Morning Note. The play right now is very simple, a break and close above $1,333. we can expect a retest of the  $1,400 - $1,472 pocket. To the downside, if we fail to reclaim $1,333 then we'll retest the zone between $1,241 and $1,190.

No Advice Warning 

The information in this newsletter is general only. It should not be taken as constituting professional advice from the author - Stormrake PTY LTD.
Stormrake is not a financial adviser and does not provide financial product advice. You should consider seeking independent legal, financial, taxation or other advice to check how the information relates to your unique circumstances. Stormrake is not liable for any loss caused, whether due to negligence or otherwise arising from the use of, or reliance on, the information provided directly or indirectly, by this newsletter.
 

Disclaimer 

All statements made in this newsletter are made in good faith and we believe they are accurate and reliable. Stormrake does not give any warranty as to the accuracy, reliability or completeness of information that is contained here, except insofar as any liability under statute cannot be excluded. Stormrake, its directors, employees and their representatives do not accept any liability for any error or omission in this newsletter or for any resulting loss or damage suffered by the recipient or any other person. Unless otherwise specified, copyright of information provided in this newsletter is owned by Stormrake. You may not alter or modify this information in any way, including the removal of this copyright notice.

Copyright © 2022 Stormrake Pty Ltd, All rights reserved
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