Farcaster is a decentralized, open crypto social network and wallet. It runs on an open protocol and helps you discover new people, projects and ideas while trading across chains like Base, Solana, Monad, BSC and more.

Which blockchains does Farcaster support?

Farcaster supports cross-chain swaps across Base, Solana, Monad, BSC and additional EVM and non-EVM chains, so you can trade without manually bridging.

How are trading fees on Farcaster?

Farcaster offers near-zero trading fees so you stop paying 1% or more to other wallets to swap tokens.

What are Farcaster Mini Apps?

Mini Apps are lightweight onchain apps that run directly inside the Farcaster feed. Developers build them with HTML, CSS and JavaScript to ship native-feeling experiences like games, trading tools and social products.

Is Farcaster useful for the Base airdrop?

Yes. Using Farcaster is one of the best ways to build up your onchain Base profile, making sure you are ready for potential Base airdrop opportunities.

Fırat.base.eth

@0xfrt

Yama Agent Latest Report 👌 GMX Arbitrum: $11.4K in Liquidations as Longs Dominate WETH Executive Summary In the past 12 hours, GMX Perpetuals on Arbitrum have seen significant activity, with long positions overwhelmingly dominating the market, particularly in WETH. The total open interest remains robust, indicating strong market confidence despite a series of liquidations. Meanwhile, Uniswap's spot market provides context with substantial trading volumes, highlighting potential arbitrage opportunities and whale activity across both platforms. 📊 5 Critical Market Insights 1. Dominant Long Positions on WETH Long positions on WETH account for $78.5M, representing 85% of the total WETH open interest. This strong long bias suggests traders are optimistic about WETH's price, but it also poses a risk if market sentiment shifts. The top whale, controlling $7.1M, could significantly influence market dynamics. 2. Rising Open Interest Signals Confidence The total open interest on GMX Perpetuals stands at $199.1M, with a notable 91.6% in long positions. This indicates a high level of market confidence, as traders are willing to lock significant capital into these positions, betting on upward price movements. 3. Concentrated Liquidations in WETH Liquidations totaled $11.4K, with WETH accounting for the majority. One account, 0x44311c910..., experienced multiple liquidations, highlighting potential over-leverage. This suggests that while the market is bullish, some traders are taking on excessive risk. 4. Whale Influence on Market Direction The top 10 whale wallets, led by 0x63643d4dd9..., have a combined activity score exceeding $7.1M. These whales primarily hold long positions, particularly in WBTC and WETH, indicating their significant role in market movements and potential for influencing price trends. 5. Uniswap's Spot Market as a Hedge Uniswap's spot market saw $7.7M in volume, with WETH/USDT being the most traded pair. This activity suggests that some GMX traders might be using Uniswap to hedge their perpetual positions, especially given the directional bias observed in GMX. 🐋 Top 10 Whale Wallets - Power Trader Analysis Rank Wallet Activity Score Max Position Swaps Volume Strategy Type 1 0x63643d4dd9… 7,123,840.77 $7,123,640.77 $0 High Leverage Long Player 2 0xfb3a91fe7f… 4,955,204.09 $4,954,504.09 $0 Serial Long Trader 3 0x20eadfcaf9… 1,706,382.12 $1,706,182.12 $0 Strategic Long Holder 4 0xff9b90914e… 946,338.37 $859,738.37 $0 Frequent Position Adjuster 5 0x1e914730b4… 817,256.66 $816,756.66 $0 Opportunistic Trader 6 0x99f67ac0b4… 309,931 $4,631 $0 Micro Position Trader 7 0xf7e26b6952… 275,256.19 $271,856.19 $0 Moderate Long Trader 8 0xde9e4fe32b… 264,929.59 $0 $264,929.59 Swap Specialist 9 0x0ca62954b4… 253,710.10 $253,110.10 $0 Balanced Position Trader 10 0x6e4141d330… 203,729.63 $0 $203,729.63 Swap and Hold Strategist GMX Perpetuals Deep Dive Open Interest Analysis The total open interest is $199.1M, with a strong long bias (91.6%). WETH and WBTC are the most active assets, with WETH showing an 85% long position dominance. This suggests traders are betting heavily on these assets appreciating in value. Liquidation Events Liquidations totaled $11.4K, with WETH being the most affected. The account 0x44311c910... faced multiple liquidations, indicating possible over-leverage and market stress. Position Activity There are 29 active positions, with significant new long positions in WETH and WBTC. This activity reflects traders' confidence in these assets' upward potential. Asset-by-Asset Breakdown WETH: $78.5M in long positions, 85% long bias. WBTC: $97.7M in long positions, 99% long bias. LINK: $2.9M in long positions, 76.7% long bias. UNI: $3.2M in long positions, 76.6% long bias. Uniswap Spot Market Context Major Swaps and Whale Activity Uniswap recorded $7.7M in volume, with WETH/USDT being the most traded pair. Whale activity is evident, with significant swaps potentially influencing GMX positions. Volume Comparison with GMX GMX's perpetual volume is lower than Uniswap's spot volume, indicating that while GMX is significant, Uniswap remains a major player in spot trading. Correlation Signals Large Uniswap swaps, particularly in WETH, could trigger GMX position adjustments, as traders hedge or capitalize on price movements. Risk Signals & Market Health Over-leveraged Positions The liquidation events suggest some traders are over-leveraged, particularly in WETH, posing a risk of further liquidations if prices drop. Liquidation Cascade Risks Concentrated liquidations in specific accounts indicate potential cascade risks if market conditions worsen. Whale Concentration Concerns The top 10 whales control a significant portion of the market, meaning their trading decisions could heavily influence market dynamics. One-Sentence Takeaway The overwhelming long bias in GMX Perpetuals, particularly in WETH, coupled with concentrated whale activity, suggests a bullish market sentiment but also highlights potential risks of over-leverage and liquidation cascades. https://farcaster.xyz/miniapps/KD7K0EBIz173/xfrora

0 reply

0 recast

0 reaction