Happy Monday 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: $2560.70
Oil (WTI): $77.09
US 10Y Treasury: 3.78%
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 about 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 mixed today but quite green on the weekly. Only top 25 chains red on the weekly are Bitcoin (#14), and TON (#21).
Protocols are the same. Only top 50 protocols red on the weekly are Ethena (#10), and Morpho (#23).
Here’s The Top 12 Fastest-Growing Chains By TVL Growth On The Weekly With At Least $1M TVL (from @DefiLlama):
Here’s The Top 12 Fastest-Growing Protocols By TVL Growth On The Weekly With At Least $1M TVL (from @DefiLlama):
Here’s The Top 12 Entities By 24 Hour Revenue Generation (from @DefiLlama):
Here’s The Top 12 Dex’s By 7 Day Volume (from @DefiLlama):
Bitcoin Fear/Greed Index:
(from @BitcoinFear)
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 @use_corn. Twitter bio states “Ethereum L2 that uses BTC as the gas token & redirects network yield back to users and protocols.” Followed by 87 of our mutuals.
-Something new called @BullaFun. Twitter bio states “Turning your smooth-brain ideas into hard-pumping tokens DYOR or GTFO – Bulla doesn't do financial advice”. Followed by 7 of our mutuals.
-New project called @kagi_finance. Twitter bio states “Revolutionizing token management on BTC L2 From token lockers, liquidity lockers, to token vesting, launch and grow your project easily on BTC L2 with Kagi!” Followed by 3 of our mutuals. h/t @AresLabs_xyz:
-New launchpad on Alephium called @alphpad has been added to @DefiLlama. Twitter bio states “AlphPad The Premier Launchpad on Alephium - Elevating Projects to New Heights!” Followed by 2 of our mutuals.
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (all types, $1M+ TVL) - 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)
-Macro schedule for the week ahead from @KobeissiLetter:
-Total stablecoin market cap hits new all-time high, h/t @Dynamo_Patrick and @TheBlock__:
-Stablecoin yields up substantially as well, h/t @w3sobeefy from @BeefyFinance:
-Continued focus on TON and Telegram following Pavel Durov’s arrest, h/t @DegenerateNews:
-VC investment levels still significantly below high’s from last cycle, h/t @NPC_68:
-Vitalik’s comments about defi continue to generate massive debate, h/t one of the better responses we’ve seen, from @noahseidman:
-And an excellent thread on the same, from @ImperiumPaper:
-Continued anticipation re: Fed rate cuts:
-Interesting buy signal flashing, h/t @ColeGarnersTake:
-Macro thoughts from @fejau_inc:
-Additional headlines c/o @CPrinze_:
-Parting wisdom from @JiraiyaReal:
Conclusion
Have a great Monday and stay alert out there friends!
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.