Happy Tuesday and Happy August friends! Another extremely eventful day!
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 @CryptoBubbles24):
Gold: $1,955.10
Oil (WTI): $81.25
Stocks (from:@News4Moves): N/A
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Silent Protocol @silentdao_ is an extremely interesting new project currently building something quite significant + ambitious re: on-chain privacy…
Rather than a standalone chain or a mixer, the idea is to create a composable middleware encryption layer that allows privacy preservation within the EVM itself, allowing users to interact with defi protocols anonymously on a variety of different chains.
Our esteemed editor @rektdiomedes is working with the @silentdao_ team to help with education/drum-banging/etc… so make sure to follow them on Twitter for more updates as they work toward launch, and check out their most recent thread below!
Biggest TVL Movers + Else
Chains are very red today. Top 30 chains down at least 10% on the weekly include Polygon (#6), Pulse Chain (#14), and zkSync Era (#17).
Protocols are also very red today. Top 100 protocols down at least 20% on the weekly include Curve Finance (#11), Convex Finance (#14), Velodrome (#34), PulseX (#49), and Origin DeFi (#87).
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 @goneuronxyz. Twitter bio states “Official neuron 🧠 Twitter. neuron🧠 a ⚡fast privacy focused cross-chain bridge for transferring assets quickly and privately between L1 and L2 chains 🔗”.
-Something new called @Ethereum_ERD. Twitter bio states “A decentralized lending platform built for the uncertainties of tomorrow. Think Liquity, but better. $USDE.”
-Something new called @Peaze. Twitter bio states “The convenience layer protocol for DeFi”. h/t @ParkerCardwell:
-New TG bot project called @TeamSaintbot. Twitter bio states “Deploy and manage fair-launch tokens instantly.”
-New project on Base called @LinearDex. Twitter bio states “Pioneer Decentralized trading hub on @BuildOnBase , giving degens the cheapest trading fees, easy to use interface and a rewarding experience.” h/t @ApeOClock:
-Another new bot project called @xethvip. Twitter bio states “X - The everything dApp & Bot”. h/t @ApeOClock:
-Something called @MagiBOT_. Twitter bio states “Your privacy layer built on-top of your favorite Telegram bots 🤖 💜 built by @_meowlabs”. h/t @AresLabs_xyz:
-Previously-mentioned @vivaleverage has been added to @DefiLlama. Twitter bio states “Maximize Your Profit and Shout 'Viva Leverage'! That's All We Want. VivaLeva is the first leveraged farming yield protocol on @zksync”.
Security Alerts
-@peckshield X @LeetSwap alert:
-@bantg alert/update:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (all types, $1M+ TVL) 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)
-Curve founder Michael Egorov and his potential $CRV liquidation cascade dominated crypto discussions the last 24 hours:
-Meme coin $BALD had liquidity pulled yesterday before it was re-added, creating a roller-coaster of attention - h/t @CL207 for brief description and @the_smart_ape with a good thread summarizing the events:
-Latest report from Tether generated intense discussion yesterday, h/t @DzambhalaHODL:
-Expanding US sovereign debt load getting lots of attention in tradfi circles:
-Richard Heart being sued by the SEC:
-Some bearish TA from @intocryptoverse:
-Related sentiments c/o @crypto_linn:
-Good thread/update on $MKR from @0xRamenUmai:
-Impending resumption of student loan payments in the US is catalyzing lots of discussion:
-Sentiments c/o @thedefiedge:
-New @RealVision interview with macro gigabrain @UrbanKaoboy:
-New @noahseidman livestream covering all the craziness in crypto + macro:
-New @BanklessHQ video of takeaways from ETHcc:
-Sentiments from @HsakaTrades:
-Parting wisdom c/o @pythianism:
Conclusion
Happy Tuesday lads and ladettes! 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.