Happy Saturday fellow degens! Time to 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: $1,983.90
Oil (WTI): $77.87
Stocks (from @News4Moves):
Biggest Price Movers
(From @coingecko top 1000)
Spotlight
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!
Big news to share as they are about to have their first public trading competition! Learn more about it in the tweet below or by clicking here!
Biggest TVL Movers
Chains are very red overall. Only top 20 chains green on the monthly are Tron (#2), Arbitrum (#4), Kava (#13), Bitcoin (#14), Osmosis (#16), Fusion (#17), Cardano (#18), and Canto (#20).
Protocols are also very red. Top 100 protocols down at least 20% on the weekly include BendDAO (#47), DefiSaver (#59), OKC Liquid Staking (#80), Blur (#82), and Bifrost Liquid Staking (#89).
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!)
-Something new called @PSY_Stablecoin. Twitter bio states “PSY is a stablecoin that will enable high leverage and stable utilities with highly scalable LSD collaterals #LSD #DeFi #Stablecoin”.
-New project on Polygon called @Mono_Lend. Twitter bio states “MonoLend is the lending market platform on Polygon, home of $MLD token: deposit collateral and farm WBTC WETH and stables.”
-Something new called @JLSwap0001 has been added to @DefiLlama. Twitter bio states “JLSwap is a fully decentralized DEX on the EOS EVM chain, it provides swap, pool&farm,etc. - #JLSwap #USDC #USDT🔥”.
Security Alerts
-Security heads-up from @DefiIgnas:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (all types, minimum $1M+ 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:
-Yuga Labs prevails in lawsuit against Ryder Ripps:
-Market thoughts from @CryptoKoryo:
-NFT’s not doing well, c/o @icebergy_:
-Concerns over Vitalik’s relationship status predominated on Twitter over the last 24 hours:
-Telegram users can now buy/withdraw/make P2P transactions with Bitcoin:
-Bullish sentiments on meme-coins from @Cheguevoblin:
-@truflation update:
-Good thread on Cosmos ecosystem from @Flowslikeosmo:
-Very thorough thread on the Bitcoin halving cycle from @NNovaDefi:
-Bullish thoughts from @0xdoug:
-Good thread on market structure from @IAmZeroIka:
-Summary of Arthury Hayes newest article (linked yesterday) by @0xjaypeg:
-Great new roundup from @thebellcurvepod with @MikeIppolito_, @pythianism, @JasonYanowitz, and @m_manderson discussing a variety of current stories in crypto, including GameFi, Asia-bullishness, Coinbase, and more:
-Interesting macro video from Asia expert Weston Nakamura @acrossthespread via @Blockworks_:
-New interview from @juanaxyz00 at @thesovchimp with @NickDrakon:
-Interesting video from @coinbureau on his top Twitter accounts to follow:
-Sentiments c/o @alpha_pls:
-Parting wisdom from @ramahluwalia and @thedefiedge:
Conclusion
Have a great Saturday frogs and don’t forget to touch some grass this weekend!
And please RT/subscribe/etc if you found this valuable! :)
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Note
Our esteemed editor @rektdiomedes has become an Ambassador for @silentdao_, and in his official duties would like to draw the attention of wise degens to the honorable labors of the good gents at Silent.
In this vein, please check out the below thread:
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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.