Happy Monday friends! Another 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: $1,978.20
Oil (WTI): $76.86
Stocks: N/A
Biggest Price Movers
(From @coingecko top 1000)
Spotlight
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:
Biggest TVL Movers
Chains are mostly red today. Biggest gainers on the weekly among established chains with at least $1M TVL are Secret at +98.02% and $10.16M TVL, Polygon zkEVM at +62.38% and $2.75M TVL, and Obyte at +7.04% and $1.37M TVL.
Protocols are quite red as well. Biggest gainers on the weekly among established protocols with at least $1M TVL are PuzzleSwapOrg on Waves at +738% and $1.32M TVL, DeDust on Ton Chain at +173% and $1.02M TVL, and Neutra Finance on Arbitrum at +95.80% and $1.55M TVL.
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 new called @BrineFinance. Twitter bio states “The decentralized order-book exchange for traders crafted by traders 🚀 Gasless | Instant | Multi-Chain | Secure | Trustless. Powered by @StarkWareLtd .”
-New dex on zkSync called @UseSugarSwap has been added to @DefiLlama. Twitter bio states “DEX with the sweetest rewards on zkSync Era 🍬… Coming soon…”
-New ETH Mainnet protocol called @Avatr_LSD has been added to @DefiLlama. Twitter bio states “Avatr offers interest-free, self-repaying loans using #LSD tokens, with plans to support additional yield-generating assets. #LSDFi #LSDSummer #LSDWAR”.
-New protocol on Oasys chain called @tealswap has been added to @DefiLlama. Twitter bio states “Tealswap is the one and only DEX on Oasys Network.”
-New protocol on Kava called @PrivCash_. Twitter bio states “Decentralized protocol for private transactions coming soon to Kava.”
-New project on Filecoin called @SFTProtocol has been added to @DefiLlama. Twitter bio states “The SFT provides #LSD products that focus on storage and computing blockchains, such as #Filecoin, among others, while building #Web3 infrastructure ecosystems”.
Security Alerts
-@PeckShieldAlert released the following alert re: @FilDAFinance:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (minimum $5M+ TVL, single-exposure, 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, c/o @KobeissiLetter and @dunleavy89:
-Interesting chart from @nansen_ai:
-Central Bank gold purchases at 50 year high’s:
-Some TA from @Crypto_McKenna:
-Dex’s outpaced cex’s in growth in Q1, with overall spot trading up 18.1%, h/t @coingecko:
-Interesting macro thread on US banking from @BiancoResearch:
-Extremely well-done thread on the current perp dex landscape from @0xrelied:
-Thoughts on adoption from @0xHamz:
-@LynAldenContact on Japan:
-Interesting chart on Avalanche NFT’s from @Flowslikeosmo:
-Wise thoughts on confirmation bias from @IAmZeroIka:
-New macro overview from @Blockworks_:
-Rob from Digital Asset News on the ‘Sell in May and go away’ aphorism:
-Another excellent video from @ThorHartvigsen, re: on-chain wallet tracking/whale-watching:
-Wisdom from @crypthoem:
-Macro sentiments from @SantiagoAuFund:
-Parting wisdom from @HsakaTrades c/o @QuotableCrypto:
Conclusion
Have a great Monday friends!
And please RT/subscribe/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 first public trading competition called ‘Candle Wars’ is live now on Arbitrum! Learn more about it below!
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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.