Happy Sunday friends! Painful times but that’s where the alfa comes from :)
Let’s dive in!
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 @CryptoBubbles24):
Gold: $2486.10
Oil (WTI): $73.52
US 10Y Treasury: 3.799%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
The team at @silentdao_ is diligently working on some extremely important privacy tech, building what is essentially meant to be a middleware privacy/encryption layer designed to facilitate composable privacy solutions within the EVM itself... so that you can utilize all the same mechanisms and protocols on-chain you normally would, but with built-in privacy protection while you do so!
Our editor @rektdiomedes has been helping raise awareness about what the @silentdao_ team have been building, and their launch is coming soon, and follow them on Twitter for more updates!
And make sure to check out their latest article below!
Biggest TVL Movers + Else
Chains are yet again mostly red today. Fastest-growing chains on the weekly with at least $10M TVL are MAP Protocol, BSquared, and Venom.
Protocols are also mostly red again. Fastest-growing protocols on the weekly with at least $10M TVL are BSquared farm Buzz Farming, uncategorized multichain protocol Clearpool, and uncategorized MAP Protocol project Hiveswap.
Here’s The Top 12 Chains By TVL (from @DefiLlama):
Here’s The Top 12 Protocols By TVL (from @DefiLlama):
Here’s The Top 12 Entities By 24 Hour Token-Holders’ Revenue (from @DefiLlama):
Bitcoin Fear/Greed Index:
(from @BitcoinFear)
Top Trending Tokens
(from @dexscreener - 24 hour timeframe)
Chart Of The Day
(Courtesy of our Official Sponsor @vertex_protocol)
-$FTM had a major surge in price + attention earlier this year but has recently retraced most of its gains… Do you think its due for a bounce higher or further lows? Express your thesis via spot or leverage and access 40+ other markets as well at app.vertexprotocol.com!
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!)
-New project called @DeFiTuna. Twitter bio states “Solana's first ever Leverage on CLMM - Provide even more Liquidity! Short, Long or stay Delta neutral”. Followed by 4 of our mutuals. h/t @twindoges:
-New project called @Turbopump_xyz. Twitter bio states “Degeneracy coming very soon on @base 🔔”. Followed by 3 of our mutuals. h/t @twindoges:
-New Bitcoin wallet called @MannaBitcoin. Twitter bio states “The last Bitcoin wallet you will ever need to download. Self custody, low fees, open source, & privacy first.” Followed by 3 of our mutuals. h/t @AresLabs_xyz:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (single-exposure, no-IL, and $10M+ TVL 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)
-12 of the top 100 tokens are down over 25% in the last seven days, h/t @sandraaleow:
-Lots of talk about recession indicators in macro circles, h/t @KobeissiLetter:
-Lots of chatter around Jump Trading potentially “exiting crypto”:
-Tokenized treasuries on Ripple story is generating attention, h/t @CoinDesk:
-Memecoins are apparently generating around 50% of volumes on both Solana and Base, h/t @dunleavy89:
-Ticker alfa c/o @TheDeFinvestor:
-Update on rate cut expectations, h/t @WuBlockchain:
-Tensorians one of many NFT collections that have seen major declines in recent months, h/t @NPC_68:
-ETF analysis from @DaanCrypto:
-Warren Buffett and Berkshire Hathaway apparently now own 4% of all treasury bills:
-Good bull thesis from @cointradernik:
-New @Jesseeckel video on the best mobile wallets:
-New episode of @0xSteadyLads podcast:
-Weekly macro summary from Joseph Wang @FedGuy12:
-Parting wisdom c/o @zerototom:
Conclusion
Happy Sunday friends! Stay alert out there!
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.