Happy Tuesday degens! 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: $1,903.80
Oil (WTI): $82.39
Stocks (from:@News4Moves):
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Have you heard about @parallaxfin anon? They are a new yield and LSD-fi protocol that we have been helping raise awareness about, aiding humble farmers on Arbitrum and zkSync to maximize their yields!
They are having their upcoming token launch on August 16th to 21st - now taking place on the Parallax website!
Check out the details below in a tweet from their most recent thread…
And make sure to follow them on Twitter for more updates and visit their site to learn more!
Biggest TVL Movers + Else
Chains are mixed today. Solana has moved into the #9 spot at +5.52% on the weekly, Base has moved into the #17 spot at +295% on the weekly, and ThorChain is now in spot #28 at +30.89% on the weekly.
Protocols are mixed today. Some notables include stUSDT (#18) up 38.90% on the daily, Spark (#24) up 1,739% on the monthly, and BaseSwap (#105) up 216% on the weekly.
Here’s The Top 12 Fastest-Growing Chains By TVL On The Weekly (from @DefiLlama):
Here’s The Top 12 Fastest-Growing Protocols By TVL On The Weekly (from @DefiLlama - note: this one has a TVL filter so only includes protocols with at least $1M TVL):
Other Data Points
Bitcoin Fear/Greed Index:
(from @BitcoinFear)
Ethereum Fear And Greed Index
(from @EthereumFear):
Fee Generation (from cryptofees(dot)info):
New Protocols
(note: this includes new defi protocols we find through combing Twitter each day, and we also include every (newly launched) protocol added by @DefiLlama - hence disclaimer: these are not pre-vetted by us so make sure to DYOR!)
-Something new called @soil_farm. Twitter bio states “Earn interest in stablecoins with SOIL - the fully regulated DeFi infrastructure backed by Real World Assets.”
-Cardano stablecoin protocol called @MehenOfficial. Twitter bio states “$USDM Cardano's Premiere Fiat-Backed Stablecoin - limited mainnet launch Q4 2023.”
-Something new called @DozerProtocol. Twitter bio states “The first DeFi Protocol on Hathor Network”.
-Something called @ayincoin. Twitter bio states “$Ayin - Bringing liquidity to life on Alephium $ALPH.”
-Something new called @rampage_xyz. Twitter bio states “Coming Soon 👀”. h/t @CapitalGrug:
-Something new called @privateLP. Twitter bio states “The Shielded Liquidity Layer for Zero-Knowledge Protocols. Governed by $DARK”. h/t @AresLabs_xyz:
-Something new called @zkJumpOfficial. Twitter bio states “The most secure and user-friendly cross-chain bridge powered by ZKP.” h/t @AresLabs_xyz:
-New Base launchpad called @StartOnBase. Twitter bio states “100% onchain decentralized launchpad for @BuildOnBase. Same team behind IRL incubator @AtlantaChain. Powered by @StarterLabsHQ...” h/t @AresLabs_xyz:
Security Alerts
-@PeckShieldAlert released the following alert:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama ($1M+ TVL, single-exposure, and no-IL only) and @stable_fish - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Other News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-Possibility of an SEC Grayscale decision today:
-Coinbase expands into Canada:
-Asia dominating macro discussions today:
-Macro/crypto sentiments c/o @fejau_inc:
-@SeiNetwork launching tomorrow:
-Layoffs at @CoinDesk:
-Current leader in Argentina elections apparently a strong crypto proponent, h/t @ocampo_emilio and @danielgothits:
-Gas prices rising in US:
-Very thorough SBF update from @AutismCapital (click to see rest of long-form tweet):
-Top 10 NFT projects by 24 volume:
-On the macro front, some bearish data on US life expectancy and overdose deaths c/o @LukeGromen:
-Excellent chart from fascinating thread by @Kevin_Kelly_II:
-$RUNE and Thorchain getting lots of attention, samples from @DeFi_Made_Here below and @THORmaximalist below:
-Extremely thorough, interesting thread from @francescoweb3 for our NFT enthusiasts:
-Good thread from @CryptoShiro_ highlighting a large number of interesting protocols:
-Excellent macro discussion from @ReveloIntel featuring @NickDrakon and Vu Benson:
-New @leviathan_news livestream covering all the top stories in crypto, featuring @CurveCap, @DAdvisoor, and @traders_insight:
-New @LynAldenContact interview with Palisades Gold Radio on current macro landscape:
-Parting sentiments c/o @MustStopMurad:
Conclusion
Have a great Tuesday friends!
And please RT/subscribe/etc if you found this valuable! :)
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Note
As previously mentioned, 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 visit their site now to get started!
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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.