Happy Thursday friends! Must say… crypto is holding on pretty well given all the destruction this ‘dollar wrecking ball’ is causing in macro…
Stats/alerts/etc at top and news/events/links at bottom as always!
Market Update
Overall crypto market cap: +2.0% to $1.1T.
$BTC: +1.2% to $21,744.25, and a market cap of $416.0B.
$ETH: +3.5% to $1,713.32, and a market cap of $205.9B.
Gold: $1,776.30
Oil (WTI): $95.06
Stocks:
More Crypto:
Biggest Price Movers
(From @coingecko top 500)
Up:
-Bluzelle $BLZ +63.4%
-Loom Network [OLD] $LOOMOLD +33.8%
-Kilt Protocol $KILT +24.8%
Down:
-Blox $CDT -18.1%
-Bitkub Coin $KUB -15.4%
-Travala.com $AVA -9.2%
Spotlight
We are partnering with our buddies at CRE8R DAO to raise awareness about @tangibleDAO, a new RWA (real estate) backed stablecoin protocol on Polygon! Here is an excellent thread on them from @DefiMadeHere:
Biggest TVL Movers
Chains are quite green today. Arbitrum has overtaken Cronos for the #7 spot by TVL, with total TVL of $971.88M. EOS is now up to spot #22 with $147.64M TVL. Dogechain is now in spot #58 with $14.79M TVL.
Protocols are also very green on the daily. Interestingly, ‘Derivatives’ protocols now represent 4 of the top 30 protocols by TVL. Lending protocols and dex’s are still the two dominant protocol types.
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)
-New “Web3 file transfer and storage” protocol on BSC called @WeSendit. (h/t @ApeOClock)
-New protocol called @single_finance on Polygon. Twitter bio states “Single Finance is the first marked-to-USD DeFi yield earning platform, offering strategies that protect your capital by minimizing the impact of price effect.” (h/t @ApeOClock)
-New yield optimizer on Dogechain called @AutoBarkYield added to @defillama.
-New Dogechain “Liquidity Mining” protocol called @DragonFruitCash added to @defillama.
-New Comdex lending platform called @Commodo_Finance building towards launch.
-New climate/carbon/sustainability protocol called @MentholProtocol building towards launch. Twitter bio states “Menthol Protocol is the web3 regeneration infrastructure ecosystem.”
-New “non-custodial liquid staking” protocol being built on Aptos called @TortugaFinance.
-@RebusChain launch and apparent airdrop. Twitter bio states “Taking DeFi Mainstream… Bringing DeFi Investments to #Tradfi investors… Builder of #Cosmos…”
-New Klaytn amm called @klexfinance:
-Lending protocol being built on Aptos called @TXRLabs doing some kind of airdrop for Twitter engagers:
-New FTM “Perpetual Dex” called @takepile_:
-New “Omni-chain DEX aggregator with automated arbitrage sharing” called @split_finance, followed by a decent number of mutuals.
-New protocol launching on Arbitrum called @FinanceLiquid (more on it below in stories/tweets/articles section):
Rug Pulls/Exploits/De-Peggings/Liquidation Alerts
-@certiKAlert issued alerts regarding a flash crash on $BST; rugpulls on @PMFi_Official and $RSHIB and $ZBCVS; scam token alert on $FXG; and Discord hack of @SpacePunksClub.
-@Wallet_Guard released an alert/thread re: OpenSea phishing attempts:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @defillama ($1M+ tvl 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)
-Biden admin’s student loan forgiveness was dominant topic of discussion on Twitter today:
-M2 growth still not inflecting back upward:
-Arbitrum active users steadily progressing higher:
-Noted macro gigabrain @PauloMacro on oil:
-DogeChain airdrop:
-@0x_d24 released an excellent thread on above-mentioned new project launching on Arbitrum called @FinanceLiquid:
-@Korpi87 on the merge:
-@BeanstalkFarms generating quite a bit of discussion:
-@LukeGromen appeared on @Blockworks_ with @MikeIppolito_ today:
-@CoinBureau released a thorough breakdown of the worsening situation in China:
Conclusion
See you tomorrow fellow frogs!
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