Happy Tuesday degens! 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: $1,900.05
Oil (WTI): $80.66
Stocks (from:@News4Moves):
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
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Biggest TVL Movers + Else
Chains are still uniformly red on the daily and weekly apart from Base (#12). There are a number of top 50 chains up by at least 20% on the monthly though, including Thorchain (#27), Aptos (#29), Mantle (#35), Hedera (#36), Astar (#37), Injective (#46). and Sui (#49).
Protocols are also quite red today. Protocols with at least $1M TVL up at least 100% on the weekly include Base dex Baso Finance, Solana yield protocol Sanctum, Mixin options protocol Option Dance, Polygon/Mainnet lending protocol Teller, Algorand options vault protocol AlgoRai Finance, and Arbitrum derivatives protocol Hyperliquid.
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/Protocols By 24 Hour Fee Generation (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 @AbaxFinance. Twitter bio states “Community-driven, non-custodial lending protocol built on @Aleph__Zero. Part of @Aleph__Zero builder program.”
-New project called @BaseLendFi. Twitter bio states “BaseLend is the first native lending protocol on BaseChain.// Allowing users to cast stablecoins LUSD and earn interest.” h/t @ApeOClock:
-New dex on Op_Bnb called @mobydexio has been added to @DefiLlama. Twitter bio states “Where innovation meets decentralization – The Pioneer DEX of #opBNB chain”.
-Previously-mentioned @MendiFinance has been added to @DefiLlama. Again, Twitter bio states “The 1st lending protocol on @LineaBuild. Earn high yields from bribe-reward tokenomics & share 100% protocol profits by staking $MENDI”.
-Previously-mentioned Op_Bnb dex @ZenaFinance has been added to @DefiLlama. Again, Twitter bio states “#opBNB DEX: A pioneering swap protocol for enhanced liquidity and seamless trading. Get ready for the upcoming testnet! 🚀”
-New yield aggregator on Base called @RaccoonYields has been added to @DefiLlama. Twitter bio states “Unleash the power of your Base with Racoon Finance... Your gateway to revolutionary yield aggregation built on @buildonbase.”
-New Op_Bnb dex called @balloonswap has been added to @DefiLlama. Twitter bio states “Balloonswap - Decentralized exchange and automatic liquidity protocol on #opBNB”.
-New protocol on Base called @TheKitchenBase has been added to @DefiLlama. Twitter bio states “ChocoBase 🍫 on #Basechain.”
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama ($1M+ TVL, single-exposure, no-IL only) and @stable_fish - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Important News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-Big announcement from Coinbase and Circle generated lots of attention yesterday:
-10 year treasury yields blowing out in US:
-Increasing speculation about Fed raising target inflation rate:
-Over $2.5M has been paid out via @friendtech so far:
-More protocols building integrations with @friendtech as well, h/t @tomwanhh re: @aevoxyz below:
-China still generating intense attention:
-OpenSea winding down support for Binance Smart Chain:
-$BTC apparently most oversold since March 2020, as per @CoinDesk:
-Thoughts on narratives from @Cheguevoblin and @pythianism:
-Vitalik potentially selling some $ETH:
-Wage and service inflation generating lots of attention in macro circles:
-Very well-written, very long thread on @friendtech from @calchulus:
-Good thread from @redphonecrypto:
-Sentiments c/o @cburniske:
-Breakdown of latest crypto news from @coinbureau:
-New interview with @blocmatesdotcom with @coinflipcanada about GMX V2:
-New video on macro landscape + Bitcoin with @jameslavish from @Blue_CollarBTC:
-Parting wisdom from @LouisCooper_:
Conclusion
Have a great Tuesday friends!
And please RT/subscribe/etc if you found this valuable! :)
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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.