Happy Friday good frogs! Lots of stuff going on!
Let’s dive in!
Stats/alerts/etc at top and tweets/news/links/videos/etc at bottom!
[Note: As always all tweets are hyperlinked so just click on them to pull them up on Twitter!]
Market Update
Crypto (from @CryptoBubbles):
Gold: $1,915.40
Oil (WTI): $82.66
Stocks (from:@News4Moves):
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
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Make sure to follow the ChainEDGE Twitter account, visit the site to sign up for your trial, and check out the excellent thread on it from @OnChainWizard below!
Biggest TVL Movers + Else
Chains are mixed today. Biggest gainers on the weekly among chains with at least $10M TVL are Base, Sui, and Kujira.
Protocols are mixed today as well. Biggest gainers on the weekly among protocols with at least $1M TVL are X2Y2 (an NFT Lending protocol on ETH Mainnet), PearlFi (a Polygon dex), and Dackieswap (a Base dex).
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):
Fee Generation (from cryptofees(dot)info):
New Protocols
(note: this includes new defi protocols we find through combing Twitter each day, and we also include every (newly launched) protocol added by @DefiLlama - hence disclaimer: these are not pre-vetted by us so make sure to DYOR!)
-New project called @friendtech that is generating a lot of attention (more on this in below News section). Twitter bio states “Your network is your net worth. Coming soon!”
-Something new called @OptionFlowTeam. Twitter bio states “OptionFlow. The decentralized Option protocol on Cardano - One option at a time…”
-New perps protocol on Shibarium called @SerpPerpetual. Twitter bio states “Shibarium’s Biggest Perpetual Dex!”
-New project on Base called @LeapWorldNFT. Twitter bio states “#LeapWorld: Fusing #Base L2 with the arcade nostalgia. Game on, level up. Join our league! #BuildonBase #ArcadeBoom”.
-New project called @CircuitTrading_. Twitter bio states “Access to institutional DeFi trading vaults — for everyone | Launching soon™️”.
-Previously-mentioned Arbitrum stablecoin protocol @PSY_Stablecoin has been added to @DefiLlama. Twitter bio states “PSY is a CDP platform for yield-bearing assets such as LSDs. PSY offers SLSD borrowing against a curated list of yield-bearing asset.”
-Previously-mentioned Arbitrum lending protocol @PreonFinance has been added to @DefiLlama. Twitter bio states “Preon is a state-of-the-art decentralized lending protocol built on Arbitrum, allowing users to borrow up against their portfolio.”
-Previously-mentioned ETH Mainnet + Arbitrum yield protocol @Locus_finance has been added to @DefiLlama. Twitter bio states “Decentralized asset management powerhouse. Optimizing yields, simplifying DeFi strategies, and leading the charge in tokenized, yield-bearing vaults”.
-New multichain NFT marketplace called @SweepnFlip has been added to @DefiLlama. Twitter bio states “⚡ NFT DEX built for Liquidity”.
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama ($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)
-CPI (inflation) report came in under estimate but slightly above last month’s reading:
-Last 12 months of inflation readings from @Investingcom:
-@truflation released an article yesterday predicting that inflation numbers have bottomed and will begin rising from here on out for the rest of the year:
-Will apparently be ETF/SEC news today, h/t @krugermacro:
-The above-mentioned @friendtech generated intense attention today:
-Bullish sentiments from @TheFlowHorse:
-Some tokens/narratives to watch, from @CryptoWithNick:
-Some more narratives, c/o @thedefivillain:
-More stories popping up from US office real estate crisis:
-Interesting development with one of the ETF filings:
-List of GambleFi protocols to watch from @milesdeutscher:
-Interesting stat on Base fee generation c/o @AustinBarack:
-Top ten dApps on Base c/o @tokenterminal:
-@DylanLeClair on the US sovereign debt crisis:
-Interesting thread from @TaikiMaeda2 on why we are at the beginning of a new defi bull market:
-Rob from Digital Asset News did a video with Stefan Rust from @truflation yesterday:
-Good new macro video from @Blockworks_ featuring @BiancoResearch:
-New roundtable discussion from @Unchained_pod discussing PayPal’s new stablecoin and other top crypto stories:
-Parting wisdom from @ThinkingUSD:
Conclusion
Happy Friday degens! Stay alert out there!
And please RT/subscribe/etc if you found this valuable! :)
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***Note On Material: The ‘Spotlight’ section is the only part of The Daily Degen that is 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.