Happy Friday lads and ladettes! All sorts of interesting stuff going on!
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: $1,981.90
Oil (WTI): $74.52
Stocks (from @news4moves):
Biggest Price Movers
(From @coingecko top 1000)
Spotlight
Attention threadoors and Gamble-Fi fans!!!!
Our friends at @PepesGame have just announced a Thread Competition you might want to take a look at!
You can get the details in the thread below but the top three winners will receive $500, $300, and $200 respectively…
As background, @PepesGame is a new Gamble-Fi protocol based on Arbitrum, who we’ve been helping build awareness about!
Again, click the below tweet to see all the details + instructions for how to participate!
Biggest TVL Movers
Chains are mixed today. Biggest gainer on the weekly among top 30 chains is zkSync Era (#20) at +19.00%, and biggest loser is Ronin (#25) at -15.20%.
Protocols are mostly green today. Biggest gainer among top 50 protocols on the weekly is ParaSpace (#37) at +14.05%, and biggest loser is Agility LSD (#50) at -55.00%.
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!)
-New protocol called @vertex_protocol. Twitter bio states “Hybrid Orderbook-AMM DEX with unified margin between spot, perps & money markets. ⚡ Lightning-fast. Low fees. Built on @arbitrum…”
-New project called @renkin_io. Twitter bio states “NFT Loans Aggregator for Pros.” h/t @AresLabs_xyz:
-New project called @Fraczone. Twitter bio states “The First-ever fractional ownership marketplace for NFTs. Building @_buildspace…” h/t @AresLabs_xyz:
-Something called @OctoLSD. Twitter bio states “LSD Liquidity Aggregation and Distribution Protocol”. h/t @AresLabs_xyz - make sure to give them a follow!
-Something new on Fantom called @DmxDao has been added to @DefiLlama. Twitter bio states “Decentralized Automated Market Exchange Built on @FantomFDN”.
-Something new called @LybraFinanceLSD has been added to @DefiLlama. Twitter bio states “#1 interest-bearing stablecoin backed by #LSD. 1:1 hard-pegged | 0 mint & loan fee | ~8% base APY.”
-New project on Arbitrum called @Swaprum has been added to @DefiLlama. Twitter bio states “Trade, refer, and earn every day on the Arbitrum-based decentralized exchange #defi #dex #Swaprum…”
-Previously-mentioned @ChronosFi_ has been added to @DefiLlama. Again, Twitter bio states “🌪️ Chronos is a revolutionary liquidity layer & AMM on @arbitrum . Empowering LPs, Traders, Protocols & Users by optimizing the ve(3,3) model.”
-Something new called @lavanetxyz. Twitter bio states “Decentralized RPC: reliable RPC from an aggregated network of top providers, which can serve any chain⚡️ Cosmos, Ethereum, Arbitrum, Starknet, Aptos & more ✨”.
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)
-US GDP rises by 1.1% in Q1:
-Jerome Powell was apparently tricked by prank callers pretending to be Ukrainian President Zelensky back in January, it emerged yesterday:
-German economy not looking too hot:
-FBI raids home of former FTX exec Ryan Salame:
-Interesting historical data on OpenSea trade volumes:
-US M2 money supply crashing:
-Interesting data on the most popular Web3 games, from @coingecko:
-Wise thoughts from @Route2Fi:
-Credit card debt in US reaching record levels:
-Interesting thoughts on ‘crypto-indexing’ and passive-investing in general from @DegenSpartan:
-@WinterSoldierxz released an excellent thread on Circle’s new cross-chain $USDC transfer mechanism that was announced yesterday:
-Interesting thread from @CampbellJAustin:
-New NFA Live livestream featuring Rob from Digital Asset News, @coinbureau, and Benjamin Cowen @intocryptoverse:
-New macro interview from @JackFarley96 at @Blockworks_ with Jared Dillian @dailydirtnap:
-Parting wisdom from @defi_gaz:
Conclusion
Have a great Friday degens 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 just wrapping up on Arbitrum! They will be having additional incentivized trading competitions soon so make sure to follow their Twitter account for updates!
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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.