Happy Saturday friends! Tradfi closed but plenty going on in crypto!
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: $1,913.10
Oil (WTI): $83.19
Stocks (from:@News4Moves):
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Have you heard the good word about @stellaxyz_ anon?
Stella is a leveraged-yield farming protocol from a bunch of OG defi gigabrains who have been focused on the leveraged yield farming space since its inception!
Built on top of AMM’s like Uniswap and Trader Joe, Stella has a highly sophisticated architecture that is producing some very high yields and also very high profit %’s…
We’re helping bang the drum about everything the team at Stella is up to, so make sure to follow them on Twitter, and check out the excellent thread on them from @CryptoGideon_ below!
Biggest TVL Movers + Else
Chains are mostly red today. Top 50 chains up at least 10% on the monthly include Solana (#9), Celo (#20), Algorand (#28), Astar (#37), Hedera (#40), Starknet (#43), Acala (#47), and Neutron (#50).
Protocols are mixed today. Protocols with at least $10M TVL that are up at least 100% on the monthly include Spark (#24), Wemix Fi (#66), Magpie Ecosystem (#107), Pact (#178), Extra Finance (#185), Ajna (#208), HMX (#299), and Dual Finance (#313).
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 Chains By Stablecoin Market Cap (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/newish protocol called @divastaking. Twitter bio states “Ethereum's first Liquid Staking solution powered by Distributed Validators (DVT). News shared by the Staking Foundation”.
-Something new called @Bitflow_Finance. Twitter bio states “🌊 A real-yield, native 🟠 Bitcoin DEX 🌊 Sign up for Early Access 👇”.
-Something new called @UseSingularity. Twitter bio states “Securely bridge across blockchains, powered by Chainlink CCIP”. h/t @JeroenHesp:
-Something new called @CogFinance. Twitter bio states “Isolated Lending Protocol Coming Soon to Scroll 🔧⚙️”. h/t @twindoges:
-Telegram/GambleFi project called @BulletGameERC. Twitter bio states “Telegram bot hosting Russian Roulette using $BULLET”. h/t @twindoges:
-Something new (perhaps not a protocol technically but interesting/relevant) called @Lore_Explore. Twitter bio states “#1 Natural Language Cross-chain Tooling (Explorer, Analytics, Notifs)…”
-Something we somehow missed flagging before called @HMXorg. Twitter bio states “The Next-Gen Decentralized Perpetual Exchange Trade Crypto, FX, Equity, and Commodity with up to 1,000x leverage on @Arbitrum”.
-Something called @SeiCloud. Twitter bio states “Elevating the Future of Cloud Computing on the @SeiNetwork . Secure, decentralized, and interoperable - Unleash limitless possibilities.⛩️”. h/t @ApeOClock:
-New protocol on Base called @iceswap_org has been added to @DefiLlama. Twitter bio states “Not just another swap! Fast, reliable and liquidity are our goals. Leverage trading from aggregator uni-pool up to 50x.”
-Another new Base protocol that has been added to @DefiLlama called @swap_based. Twitter bio states “🟦 Native @BuildOnBase DEX 🟦 Offering Swaps, Farms, Single Staking, Bridging and Perpetuals all in one place! CL coming soon!”
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama ($5M+ 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)
-SEC delays decision re: Cathie Wood’s spot $BTC ETF:
-Bullish analysis of above from @Pentosh1:
-Interesting macro headline + chart from @Schuldensuehner:
-Popular wallet tracker and nascent web3 social layer @DeBankDefi announced the launch of its own L2 today:
-Interesting stat re: Ethereum c/o @cburniske:
-Interesting stat re: Kraken/Coinbase c/o @TheBlock_:
-Aave DAO approves $2mm purchase of $CRV:
-Related re: Binance Labs:
-Interesting macro stat on US real estate c/o @LynAldenContact and @jessefelder:
-SBF update:
-Interesting thoughts from @pythianism:
-Good thread from @CryptoNikyous on most notable ‘LPDfi’ protocols:
-Interesting thread on @MakerDAO from @ipor_intern:
-Very long new interview with energy expert @DoombergT_ for our big macro fans:
-Excellent new macro + crypto livestream from @noahseidman:
-New episode of @TaikiMaeda2’s new roundtable defi podcast ‘SteadyLads’ featuring a group discussion of all the biggest stories in defi:
-Parting sentiments from @Pool2Paulie:
Conclusion
Happy Saturday degens! Let’s get after it!
And please RT/subscribe/etc if you found this valuable! :)
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Note
As mentioned yesterday, we are proud to have @chainedge_io as our new official sponsor!
ChainEDGE is the creation of our good friend @OnChainWizard, and is essentially an on-chain analytics + smart money tracker on steroids…
Visit the site now to sign up for your trial!
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***Note On Material: The ‘Spotlight’ section and info on our Official Monthly Sponsor 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.