Renaissance Technologies and The New Age Wizards of DEX Trading
Renaissance Technologies stands tall as perhaps the most illustrious quantitative fund to date. But what's striking is not just their performance, but their surprisingly humble 50.75% win rate. In this era of decentralized exchanges (DEX), several traders are rewriting the rules and posting win-rates that could make even the stalwarts of Wall Street turn their heads.
Let's dive into the portfolios of three such DEX prodigies and attempt to answer the looming question: Can such exceptional performance endure the test of time?
The Narrative Navigating Wizard: 0x3c
Top Holdings:
$RLB - $147k
$ETH - $100k
$LOOKS - $31k
$CHART - $18k
$WINR - $15k
$PRINTS - $12k
0x3c appears to have an ability to tap into the current zeitgeist. This trader's portfolio seems to align with the trending narratives, especially in the realms of Bot tokens and the emerging GambleFi sector.
Profitability: Over the past six months, 0x3c's holdings increased by 36%. It appears the strategy involves liquidating profits primarily into $ETH and $USDC, reflecting a preference for trading predominantly on DEXs. For a more detailed look at his trades, one can refer to the provided link.
The 'Meta' Maestro: 0x82
Top Holdings:
$BITCOIN (hpos10i) - $130k
$KAS - $21k
$NONE - $5k
The inclusion of $BITCOIN (hpos10i), a meme-coin, isn't surprising. However, the addition of $KAS, a rapidly gaining PoW blockchain, and $NONE, a discord bot, reveals 0x82's ability to discern the 'meta' before it becomes mainstream.
Profitability: In a span of six months, his portfolio expanded by 8%. The standout story here is the nearly $1.5 million realized profit. Similar to 0x3c, this trader leans towards realizing profits in $ETH and $USDC. A more intricate breakdown of 0x82's strategy can be accessed via the provided link.
The Giga-Chad of DEX: 0xa2
Top Holdings:
$UNIBOT - $783k
$RLB - $387k
$OX - $180k
$BITCOIN - $143k
0xa2 seems to have mastered the art of DEX trading. Almost all coins in his arsenal have been traded profitably. His entry prices across assets are noteworthy.
Profitability: There are negative net flows in this wallet. However, it's essential not to see this as a measure of 0xa2's trading skill. A large number of open positions with substantial unrealized gains influence this perspective. It's important to distinguish between realized gains and unrealized ones, evident in the average cost basis.
In Conclusion
The rise of these DEX traders certainly provides a fresh perspective on trading in this decentralized age. While their short-term successes are undeniable, it remains to be seen if they can match or even surpass the legacy of giants like Renaissance Technologies. For now, their stories are intriguing, offering valuable insights into the world of decentralized trading.
Analysis was conducted using Loch. You can find the addresses here:
https://app.loch.one/home/64d7ce3fef03c2e9141b3f4f
Renaissance Technologies and The New Age Wizards of DEX Trading
Renaissance Technologies stands tall as perhaps the most illustrious quantitative fund to date. But what's striking is not just their performance, but their surprisingly humble 50.75% win rate. In this era of decentralized exchanges (DEX), several traders are rewriting the rules and posting win-rates that could make even the stalwarts of Wall Street turn their heads.
Let's dive into the portfolios of three such DEX prodigies and attempt to answer the looming question: Can such exceptional performance endure the test of time?
The Narrative Navigating Wizard: 0x3c
Top Holdings:
$RLB - $147k
$ETH - $100k
$LOOKS - $31k
$CHART - $18k
$WINR - $15k
$PRINTS - $12k
0x3c appears to have an ability to tap into the current zeitgeist. This trader's portfolio seems to align with the trending narratives, especially in the realms of Bot tokens and the emerging GambleFi sector.
Profitability: Over the past six months, 0x3c's holdings increased by 36%. It appears the strategy involves liquidating profits primarily into $ETH and $USDC, reflecting a preference for trading predominantly on DEXs. For a more detailed look at his trades, one can refer to the provided link.
The 'Meta' Maestro: 0x82
Top Holdings:
$BITCOIN (hpos10i) - $130k
$KAS - $21k
$NONE - $5k
The inclusion of $BITCOIN (hpos10i), a meme-coin, isn't surprising. However, the addition of $KAS, a rapidly gaining PoW blockchain, and $NONE, a discord bot, reveals 0x82's ability to discern the 'meta' before it becomes mainstream.
Profitability: In a span of six months, his portfolio expanded by 8%. The standout story here is the nearly $1.5 million realized profit. Similar to 0x3c, this trader leans towards realizing profits in $ETH and $USDC. A more intricate breakdown of 0x82's strategy can be accessed via the provided link.
The Giga-Chad of DEX: 0xa2
Top Holdings:
$UNIBOT - $783k
$RLB - $387k
$OX - $180k
$BITCOIN - $143k
0xa2 seems to have mastered the art of DEX trading. Almost all coins in his arsenal have been traded profitably. His entry prices across assets are noteworthy.
Profitability: There are negative net flows in this wallet. However, it's essential not to see this as a measure of 0xa2's trading skill. A large number of open positions with substantial unrealized gains influence this perspective. It's important to distinguish between realized gains and unrealized ones, evident in the average cost basis.
In Conclusion
The rise of these DEX traders certainly provides a fresh perspective on trading in this decentralized age. While their short-term successes are undeniable, it remains to be seen if they can match or even surpass the legacy of giants like Renaissance Technologies. For now, their stories are intriguing, offering valuable insights into the world of decentralized trading.
Analysis was conducted using Loch. You can find the addresses here:
https://app.loch.one/home/64d7ce3fef03c2e9141b3f4f
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Renaissance Technologies and The New Age Wizards of DEX Trading
Aug 7, 2023
Renaissance Technologies and The New Age Wizards of DEX Trading
Aug 7, 2023