Happy Saturday friends! Let’s get after it!
As always… stats/alerts/etc at top and tweets/news/links/videos/etc at bottom… and all tweets are hyperlinked so just click on them to pull them up on Twitter!
Market Update
Crypto (from @CryptoBubbles):
Gold: $2546.20
Oil (WTI): $76.63
US 10Y Treasury: 3.883%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
The team at @silentdao_ is continuing to develop their revolutionary new on-chain privacy architecture… which is essentially meant to be a middleware privacy/encryption layer that will facilitate composable privacy solutions within the EVM itself...
To quote their most recent article below:
“Silent Protocol is building the ghost layer, a modular layer 1.5 providing compliant privacy built on the EZEE framework to become that structured playground for institutions and retail users that can provide compliant, secure and privacy preserving access to ethereum native and cross chain liquidity along with enabling access to applications.”
Our editor @rektdiomedes is helping bang the drum on everything @silentdao_ is working on, so make sure to check out the below article, and follow Silent on Twitter for more updates!
Biggest TVL Movers + Else
Chains are mostly red today. Top 30 chains down at least 10% on the weekly include TON (#15), zkLink Nova (#20), and Cardano (#29).
Protocols are mixed today. Top 100 protocols down at least 10% on the weekly include STON(dot)fi (#73), and DeDust (#83).
Here’s The Top 12 Fastest-Growing Chains By TVL On The Weekly With At Least $50M TVL (from @DefiLlama):
Here’s The Top 12 Fastest-Growing Protocols By TVL On The Weekly With At Least $50M TVL (from @DefiLlama):
Here’s The Top 12 Entities By 24 Hour Fee Generation (from @DefiLlama):
Bitcoin Fear/Greed Index:
(from @BitcoinFear)
Top Trending Tokens
(from @dexscreener - 24 hour timeframe)
Chart Of The Day
(Courtesy of our Official Sponsor @vertex_protocol)
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New Projects
(note: this includes new projects we find through combing Twitter each day, and we also include or re-include every newly launched protocol added by @DefiLlama that has at least some TVL or is followed by at least some of our mutuals - hence disclaimer: these are not pre-vetted by us so make sure to DYOR!)
-Something new called @HamDotApp. Twitter bio states “Stealth 🤐”. Followed by 2 of our mutuals. h/t @twindoges:
-Something new called @naddotfun. Twitter bio states “The First @monad_xyz - Native token generating Infrastructure. Not your ordinary .fun”. Followed by 2 of our mutuals. h/t @twindoges:
-Something new called @Aicean_ai. Twitter bio states “Aicean is building the largest AI creators ecosystem to unite & empower creativity in the age of #AI. Backed by @realnobodyxyz”. Followed by 4 of our mutuals. h/t @AresLabs_xyz:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama ($10M+ TVL, single-exposure, no-IL only) - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Security Alerts
-No security alerts today.
Important News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-Animal spirits in the crypto world are still dampened, as evidenced in current funding rates, h/t @DaanCrypto:
-Franklin Templeton has apparently filed for a Crypto Index ETF, h/t @NateGeraci:
-MetaMask apparently rolling out some kind of blockchain-integrated debit card, h/t @CoinDesk:
-Interesting stats on the staking ratios of various tokens/networks, h/t @NPC_68:
-Tether currently producing $52M in earnings per employee, over 1000x what Wells Fargo is earning per employee, h/t @dunleavy89:
-Plunge in US single family home starts data getting consistent with recession levels, h/t @WarrenPies:
-Thoughts on alt-L1’s to look into, h/t @drakeondigital:
-Top ten CDP protocols by TVL, h/t @CryptoRank_io:
-Continued positive sentiments and analysis of AAVE on the TL- and OG defi projects more broadly- h/t @Archer_MD_ and @sandraaleow:
-Excellent thread on new stablecoin project @0xDYAD, which has also been generating lots of attention as of late, from @AsfiShaheen:
-New video from @theempirepod featuring @santiagoroel and @JasonYanowitz discussing a number of the top stories/topics in crypto:
-New ‘Farms Of The Month’ video from @0xMughal:
-New update on all things airdrop-related from @KryptoCove:
-Sentiment check c/o @Flowslikeosmo:
-Parting wisdom from @CryptoNagato:
Conclusion
Happy Saturday friends! Don’t forget to touch some grass this weekend!
And please RT/subscribe/etc if you found this valuable!
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***Note On Material: The ‘Spotlight’ and ‘Note’ sections 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.