DeFi Alpha: Hyperlane Airdrop Guide

gm Defiers! Here's today's alpha:

• Market analysis (inflation jitters)
• Dispatch from the trenches (EtherFi airdrop, BOME and more)
• Hyperlane bridge tutorial

Featured Yields and Hot Airdrops now have a dedicated section on the website!

Market Analysis

After nearly two months of up-only price action, we are finally seeing a multi-day pullback across crypto markets. Bitcoin is trading at $67,000 — down roughly 10% from last week’s all-time high.

Altcoin markets paint a mixed picture, however. Layer 1s and AI tokens continue to show strength while most other sectors are down 15% or more.

The latest U.S. inflation data came in hotter than expected, putting a damper on risk assets that had rallied in anticipation of imminent rate cuts. Market participants now expect the Fed to reduce rates in the summer at the earliest, according to CME FedWatch.