Happy Monday bros! Big week ahead of us!!!
Stats/alerts/etc at top and tweets/news/links/videos/etc at bottom as always!
NOTE: The Twitter/Substack tweet-embedding function still appears to be broken, so we have screenshotted and hyperlinked them again :)
Market Updates
Crypto (from coingecko(dot)com and cryptobubbles(dot)net):
Gold: $2,011.60
Oil (WTI): $82.49
Stocks: N/A
Biggest Price Movers
(From @coingecko top 1000)
Spotlight
The gents at @NeutraFinance continue building hard within the Arbitrum ecosystem!
If you aren’t familiar with them, Neutra is a very cool protocol that has built a delta-neutral GLP strategy utilizing @GMX_IO, as well as a ‘RealYield’ focused tokenomics setup, and is releasing new updates and strategies left and right as of late!
We are helping boost awareness about them, so make sure to follow their Twitter account and check out the the below tweets for a couple of their latest updates!
Biggest TVL Movers
Chains are mixed today. Top 30 chains up over 30% on the monthly include Cardano (#18), Ronin (#24), and Rootstock (#25).
Protocols are also mixed today. Top 100 protocols up at least 30% on the monthly include Stargate (#24), Alpaca Finance (#30), Biswap (#40), Paraspace (#44), OKC Liquid Staking (#70), Ondo Finance (#77), Wombat Exchange (#84), Bifrost Liquid Staking (#85), and Gamma (#90).
Here’s The Top 12 Chains By TVL (from @DefiLlama):
Here’s The Top 12 Protocols By TVL (from @DefiLlama):
Here’s The Top 12 Dex’s By 7 Day Volume (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!)
-New project called @NerdSwapZk. Twitter bio states “A @zksync native DEX. Custom-built liquidity infrastructure to support builders & generate real yield.”
-New protocol called @ZadaFinance. Twitter bio states “Zada Finance is a cross-rollup order book DEX built on Scroll.”
-New protocol called @GiroSwap. Twitter bio states “The First Crypto Fundraising Protocol Supports NFT & Token AMM on #SuiNetwork”.
-New protocol called @Echo_DEX. Twitter bio states “The first DEX on @LineaBuild @ConsenSys zk-EVM Testnet now is live...”
-Previously-mentioned @TheMerlinDEX has been added to @DefiLlama. Again, Twitter bio states “We developed an innovative DEX solution for true yields and liquidity lodging that is native to @zksync.”
-Previously-mentioned @solisnekfi has been added to @DefiLlama. Again, Twitter bio states “SoliSnek is THE answer to Solidly on #AVAX!”
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (minimum $1M+ TVL, single-exposure, and no-IL only) 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)
-The week ahead, from @KobeissiLetter:
-Arbitrum dex volume surpassed Eth Mainnet yesterday, h/t @sgoldfed:
-Macro updates:
-Some TA from @matrixthesun:
-Fantastic chart from @Flowslikeosmo:
-Interesting story re: Gary Gensler:
-Rocket Pool continuing to gain TVL, h/t @Dynamo_Patrick:
-Latest @truflation data:
-Very interesting story/stats from US:
-Interesting stat re: Frax/Convex from @CryptoGrills:
-Excellent thread from @Web3_buidl:
-Lot of attention on Germany today as it shuts down its last remaining nuclear power stations:
-New thread from @lookonchain:
-Newest macro video from @Blockworks_:
-New video from @rektfoodfarmer:
-@coinbureau weighs in on the commercial real estate situation:
-Wholesome sentiments c/o @CryptoWithNick:
-Parting wisdom from @DegenSpartan:
Conclusion
Happy Monday friends let’s get after it!
And please RT/follow/etc if you found this valuable! :)
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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!
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***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.