Happy Wednesday degens! Let’s get after it!
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: $2,003.00
Oil (WTI): $80.68
Stocks:
Biggest Price Movers
(From @coingecko top 1000)
Spotlight
Once again, the good gents at @NeutraFinance just keep building!
If you aren’t familiar with them, Neutra is a very cool protocol on Arbitrum 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 below tweet for the latest alfa!
Biggest TVL Movers
Chains are mostly green today. Top 30 chains up by at least 10% on the weekly and monthly include Solana (#12), Kava (#13), Cardano (#18), zkSync Era (#23), Ronin (#24), Rootstock (#25), and Aptos (#30).
Protocols are more red by comparison. Top 100 protocols up by at least 20% on both the weekly and monthly include Rocket Pool (#13), Agility LSD (#22), Radiant (#38), OKC Liquid Staking (#72), and Gamma (#87).
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 Chains By Weekly Stablecoin Inflow (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 protocol called @CashmereLabs. Twitter bio states “We are contributing Cashmere - a protocol for MEV protected swapping any asset between any chain with the best rates. Built on @Layerzero_Labs.” @orderflowOG:
-Something new called @MonoBridgeApp. Twitter bio states “An ultimate Router protocol based, security-focused crypto bridge that supports #Ethereum, #Arbitrum, #BNBChain, #Avalanche, #Polygon, #Fantom, #Klaytn & more.”
-Something new called @HyperliquidX. Twitter bio states “Order book perpetual DEX on the Hyperliquid chain. Mainnet closed alpha now live.” h/t @Hyperintern:
-Something new called @StreamSwap_io. Twitter bio states “Interchain Launchpad with the underlying protocol supporting timed-based token swaps.”
-New Filecoin protocol called @glifio has been added to @DefiLlama. Twitter bio states “The Swiss Army Knife of @Filecoin DeFi Developed GLIF Pools - Filecoin’s premier staking protocol Staking for the Infinity Pool now live”.
-New BSC protocol called @BonsaiStrike has been added to @DefiLlama. Twitter bio states “DeFi Options Vault - turning cryptocurrency volatility into sustainable, real yield. Powered by @coda_ventures”.
-Something new on Arbitrum called @KiroFinance. Twitter bio states “Defi 2.0| Leveraged yield | Launching soon on @arbitrum @zksync”. H/t @AresLabs_xyz:
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)
-Gary Gensler appeared before congress yesterday and was grilled by several questioners:
-More macro stories:
-Interesting story re: Coinbase:
-Meme coin $PEPE generating a lot of attention:
-Update on $WAVES:
-Interesting announcement from @PancakeSwap:
-Macro thoughts from @fejau_inc:
-$ETH update from @tedtalksmacro:
-Sentiments c/o @0xJezza:
-Interesting story re: @LidoFinance:
-Trump launches second round of NFT’s:
-Interesting chart re: millennial home ownership rates:
-Good thread from @WinterSoldierxz:
-Good new thread/article/video from @CurveCap:
-Good new video from @Dynamo_Patrick:
-@theempirepod released the first interview Kyle Samani and Tushar Jain have given since the fall of FTX:
-@DefiantNews released an interview with @syrupsid from @maplefinance:
-Parting wisdom from @0x_Kun:
Conclusion
Happy Wednesday bros!
Please RT/follow/etc if you found this valuable! :)
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Note
The good 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 were just interviewed on Monday by our friend @Subli_Defi on The Optimistic Podcast! Here is a great thread summarizing it from @thongqtran!
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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.