Happy Thursday lads and ladettes! Quite a day in markets yesterday!
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: $1,995.90
Oil (WTI): $74.79
Stocks (from @news4moves):
Biggest Price Movers
(From @coingecko top 1000)
Spotlight
We’ve been helping raise awareness about a very cool project called @zkxprotocol - the first decentralized self-custody perpetual futures exchange on Starknet!
They just announced the launch of a Trading Competition called Polaris Trading Wards, happening from April 27th to 29th, 12am UTC.
The competition allows traders to compete against others and aim for the highest PnL to win from a prize pool of $5K and OG roles in their Discord community!
Get more details about the competition by clicking here or check out their announcement on it from Twitter below!
Biggest TVL Movers
Chains are reasonably green today. Top 30 chains up at least 10% on the monthly include Kava (#13), Bitcoin (#14), Cardano (#18), Canto (#20), zkSync Era (#21), Ronin (#24), Rootstock (#25), Gnosis (#26), and Aptos (#29).
Protocols are more mixed today. Top 100 protocols up at least 30% on the monthly include Radiant (#35), Paraspace (#39), Ondo Finance (#67), Gamma (#69), Wombat Exchange (#76), and Pendle (#95).
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 protocol called @Equilibriafi. Twitter bio states “First yield booster on top of @Pendle_fi. Designed and Innovated for Pendle. Join us and swing your yield to new heights!”
-Something new on Arbitrum called @VisionProtocol. Twitter bio states “The 1st Web3 Protocol to host & compete in prediction battle royales on #Arbitrum️🚀 Testnet is on the way ...”
-New project called @CatalystAMM. Twitter bio states “Universal cross-chain liquidity for millions of chains.” h/t @AresLabs_xyz:
-Something called @ditto_hq. Twitter bio states “DeFi-Native NFT Liquidity 🦖 A next-gen NFT AMM & liquidity protocol optimized for DeFi. Effortlessly swap between NFTs and ERC-20 tokens.” Also h/t @AresLabs_xyz - make sure to give them a follow!
-Previously-mentioned @LionDEXOfficial has been added to @DefiLlama. Again, Twitter bio states “A PvP-AMM perpetual futures trading protocol build on @GMX_IO $GLP | Minimum transaction fee of 0.008% | Double revenue for staking $LP”.
-Previously-mentioned @wasabi_protocol has been added to @DefiLlama. Again, Twitter bio states “The decentralized NFT options protocol. Capitalize on market swings, hedge against downturns and earn premiums on your high value JPEGs. Get early access 👇”.
-Something called @PheasantSwap has been added to @DefiLlama. Twitter bio states “A Trustworthy Decentralized Exchange Built on #ENULS”.
-Something new called @zkBoost_Finance has been added to @DefiLlama. Twitter bio states “Welcome to zkBoost, the launch-pad on @zksync with security, fast, freedom and Safe”.
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)
-Was a wild day in crypto markets yesterday with huge price swings in both directions:
-Interesting announcement from Circle/USDC:
-Liquid Staking overtakes Dex’s to become top defi category by TVL, h/t @ViktorDefi:
-@GMX_IO TVL trending up while median APR trending down, h/t @0xngmi:
-Extremely good newsletter from @LynAldenContact on US debt ceiling situation and its implications for markets:
-Excellent thread on Aave from @jake_pahor:
-@ThorHartvigsen released a big thread on EIP-4844 (Proto-Danksharding):
-@DylanLeClair_ was interviewed by @PrestonPysh on Bitcoin + macro:
-@FlywheelDeFi interviewed Alex Golubitsky on the current regulatory situation in the US:
-Latest livestream from @leviathan_news featuring @traders_insight, @SalomonCrypto, @smyyguy, and @drakeondigital:
-The 0xResearch podcast interviewed Anatoly Yakovenko on Solana:
-Parting sentiments from the great @inversebrah:
Conclusion
Have a great Thursday friends and stay alert out there!
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.