Weekend is here frogs!
$ETH popping over $2k several times this morning… brings back memories of disttant bull markets past :)
Stats/alerts/etc at top and news/events/links at bottom as always!
Market Update
Overall crypto market cap: +3.4% to $1.22T.
$BTC: +2.6% to $24,424.48, and a market cap of $467.0B.
$ETH: +5.0% to $1,977.50, and a market cap of $237.2B.
Gold: $1,818.90
Oil (WTI): $91.88
Stocks:
More Crypto:
Biggest Price Movers
(From @coingecko top 500)
Up:
-Dejitaru Tsuka $TSUKA +56.5%
-Celsius Network $CEL +46.7%
-Plex $PLEX +44.3%
Down:
-Blox $CDT -15.1%
-Sportium $SPRT -12.0%
-Nexus $NXS -10.6%
Biggest TVL Movers
Chains are mixed on the day. 22 of the top 25 chains by TVL are green on the monthly. Exceptions are Avalanche (#4), Solana (#6), and Waves (#14).
Protocols are for the most part green today. 44 of the top 50 by TVL are green on the monthly. Exceptions are Sun (#13), Frax (#14), dYdX (#25), Stargate (#29), Olympus DAO (#42), and Tectonic (#44).
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/Greed Index:
(from @EthereumFear)
New Protocols
(note: this is checked via a variety of sources (listed below when used) and general Twitter research - note: this excludes Tomb forks and reflection tokens and tries to only include at least semi-legitimate defi-oriented stuff, but DYOR)
-A newish leveraged yield farming protocol on Near called @PembrockFi has been added to @defillama.
-A new overcollateralized USD stablecoin on BSC is launching, called @Helio_Money. Twitter bio states: “The revolutionary USD over-collateralized stablecoin backed by $BNB”:
-Another NFT-as-ebook platform launching, called @StarlyBooks0x:
-A new Fantom Dex called @Equalizer0x is launching (h/t to @hecsaurus as we missed this one and wouldn’t have heard of it without him!). Twitter bio states “Equalizer Exchange is a DEX that uses a vote escrow model to incentivize Liquidity with a perpetual model that creates a flywheel effect to maintain balance”:
Rug Pulls/Exploits/De-Peggings/Liquidation Alerts
-@certiKAlert issued alerts regarding flash-crashes on $BBTF and $MSI, a rugpull on $BABYDoge, an exit scam on $BNQ, and hacked Discords of @SaphireNFT and @AlphaBlocksNFT, and a scam project warning on $HashFree.
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @defillama ($250k+ tvl and no-IL and single-exposure only) and @stable_fish - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Other News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-More Tornado Cash fallout and discussion, primarily centered around Aave:
-There appears to be coordination among top defi incumbents regarding response to the ongoing regulatory crackdown:
-While Optimism and Arbitrum are getting all the attention, Metis is quietly up 94% in TVL on the monthly and is seeing some of its main tokens surging upward in price:
-Umami Finance alfa on @flywheelpod:
-Interesting metric from @krugermacro suggesting tradfi sentiment is still quite bearish:
-Another similar chart:
-Ethereum’s market cap is now over 50% of Bitcoin’s:
-$DPX wars?
-$ETH futures curve still in backwardation, Arthur thinks this is bullish:
-@RaoulGMI and @AndreasSteno released an interesting video on Real Vision:
Conclusion
Have a great Saturday friends!
Please RT/share/etc if you found this helpful :)