Happy Saturday friends! Let’s get after it!
Stats/alerts/etc at top and tweets/news/links/videos/etc at bottom as always!
NOTE: The Twitter/Substack war continues apparently and we’re still having trouble embedding tweets, so we have screenshotted and hyperlinked them again! :)
Market Update
Crypto (from @TickerTop and cryptobubbles(dot)net):
Gold: $2,04.00
Oil (WTI): $82.52
Stocks:
Biggest Price Movers
(From @coingecko top 1000)
Spotlight
Our friends at @PepesGame have just announced the beginning of their Incentivized Beta 🪂 featured on Arbitrum One!
There is an airdrop worth up to $320,000 to be distributed amongst all users, based on both volume and the quality of feedback.
Furthermore, the top three individuals who make the highest number of $5 spins will be eligible to win an additional $3000. This prize is sponsored by the gents over at @array_capital!
As background, @PepesGame is a new Gamble-Fi protocol based on Arbitrum, who we’ve been helping build awareness about as they work toward launch…
To get started with the incentivized beta 🪂, just click the Zealy link in the tweet below (or this link to it!), and complete the quests!
Biggest TVL Movers
Chains are mixed today. Biggest gainers on the weekly among chains with at least $1M TVL are Stellar at +213% and $20.4M TVL, Thundercore at +171% and $7.8M TVL, and zkSync Era at +63.97% and $120.1M TVL.
Protocols are mostly red today. Top 100 protocols up at least 40% on the monthly include Moprho (#27), Alpaca Finance (#29), Radiant (#38), ParaSpace (#43), OKC Liquid Staking (#68), Ondo Finance (#77), and Bifrost Liquid Staking (#85).
Here’s The Top 12 Chains By TVL (from @DefiLlama):
Here’s The Top 12 Protocols By TVL (from @DefiLlama):
Other Data Points
Bitcoin Fear/Greed Index:
(from @BitcoinFear)
Ethereum Fear And Greed Index
(from @EthereumFear):
Crypto Volatility Index
(from @CVIdaily)
Fees:
(from cryptofees(dot)info)
New Protocols
(note: this includes new protocols we find through combing Twitter each day, and we also include every (newly launched) protocol added by @defillama and @debank (excluding Tomb forks/reflection tokens/etc) - hence disclaimer: these are not pre-vetted by us so make sure to DYOR!)
-Something called @HanaNetwork. Twitter bio states “The Layer 0 for Privacy”.
-New protocol called @bread_fi. Twitter bio states “Natively developed and innovative (-3.-3) protocol. Coming soon to #zkSync”. h/t @_BillionAireSon:
-New project called @illuDAO. Twitter bio states “Illuminati DAO synthetic protocol and asset market.” h/t @toffee248:
-New project called @LED_Money. Twitter bio states “Money for a brighter future”. h/t @toffee248:
-New project called @spctrmZK. Twitter bio states “Swap, Trade & Farm on zkSync Era.” Also h/t @toffee248 - make sure to give him a follow!
Security Alerts
-@PeckShieldAlert released the following alert:
-@peckshield released the following alert. NOTE: There is also a Peckshield impersonator Twitter account boosting fake security alerts that include malicious links and/or contract addresses - please be careful!
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (all types, minimum $5M+ TVL) and @stable_fish - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Other News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-Macro updates:
-Post-Shanghai update from @odin_free:
-Macro sentiments from @darioperkins and @TimmerFidelity:
-Thread from @dunleavy89 on the bull case for @Rocket_Pool:
-Sentiments c/o @PrestonPysh:
-Excellent thread from @Slappjakke:
-New livestream of Across The Chains roundtable from @Crypto_Klay and @blockbytescom:
-New video on everything going on in defi from @TaikiMaeda2:
-Crypto/macro gigabrain @BackTheBunny appeared on @thesovchimp podcast:
-New episode of @theempirepod featuring an in-depth discussion between @JasonYanowitz and @santiagoroel:
-Parting wisdom from @ayyyeandy:
Conclusion
Have a great Saturday frens and don’t forget to touch some grass!
And please RT/follow/etc if you found this valuable! :)
-
Note
The Chadish gents over at @NestedFi are our official sponsor for the month of April!
Nested is Social Trading protocol currently on Arbitrum, Avalanche, BSC, ETH Mainnet, Optimism, and Polygon.
It lets users create and actively trade portfolios, copy-trade other investors/traders, create easy DCA strategies, and more!
Their Founder @KadochRudy and Growth Lead @alpha_pls are going to be interviewed on Monday by our friend @Subli_Defi on The Optimistic Podcast, so make sure to check it out!
***Note On Material: The ‘Spotlight’ and ‘Note’ sections are the only parts of The Daily Degen that are sponsored/promotional. Everything else is chosen 100% organically based on what info/stories/etc seem likely to be the most newsworthy/important/valuable to readers.