Happy Sunday degens! Tradfi markets closed but crypto never sleeps!
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: $1,942.60
Oil (WTI): $82.82
Stocks (from:@News4Moves): N/A
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Checked out @SavvyDeFi yet anon? Their upcoming LBP is generating much attention!
Savvy is a new project on Arbitrum where users can access 0% interest, auto-repaying credit lines without risk of liquidation, making CDP (Collateral Debt Position) assets immediately liquid and more capitally efficient. It also has that classic defi money lego energy with svTokens (synthetics of svBTC, svETH, and svUSD) that can be used in other defi applications!
They have already generated substantial liquidity depth across three synthetic pools on Trader Joe (svUSD-USDC, svETH-WETH, and svBTC-WBTC), as well as significant amounts of Protocol Owned Liquidity!
Their LBP is coming up on @FjordFoundry on August 8th-11th so make sure to follow them on Twitter and visit their site to learn more and check out the available yields!
Biggest TVL Movers + Else
Chains are mixed today. Top 30 chains up at least 10% on the monthly include Solana (#10), Cardano (#14), MultiversX (#20), EOS (#23), and Aptos (#28). Top 30 chains down at least 10% on the monthly include Polygon (#6), DeFiChain (#12), Pulse (#13), Bitcoin (#15), zkSync Era (#17), Fantom (#26), and Algorand (#29).
Protocols are mostly green today. Top 100 protocols up at least 30% on the monthly include stUSDT (#21), Stader (#53), MatrixDock (#55), EigenLayer (#78), Folks Finance (#88), and Spark (#100). Top 100 protocols down at least 30% on the monthly include Curve Finance (#7), Convex Finance (#10), Velodrome (#32), PulseX (#44), Alpaca Finance (#63), and Ankr (#74).
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 By 7 Day Dex 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 dex called @kokonutswap. Twitter bio states “A dynamic-peg concentrated liquidity AMM protocol. Live on @BuildOnBase , Polygon zkEVM, and Klaytn.”
-Something new called @Nectar_dollar. Twitter bio states “Nectar is a delta hedged stablecoin built on Frax (sfrxETH+Fraxlend)”. h/t @OuroborosCap8:
-Something called @Blex_io. Twitter bio states “Index Price-feed based Decentralized Perpetual Exchange…”
-Something new called @DeeprFinance. Twitter bio states “Deep liquidity on the most secure and efficient lending market platform coming soon on #Shimmer #IOTA”.
-Upcoming dex on Sei called @CoralExchange. Twitter bio states “We are building the most innovative liquidity hub on @SeiNetwork 🚢”.
-New protocol called @aquaprotocolxyz. Twitter bio states “AquaUSD is the first TON-native decentralised over-collaterized interest-bearing #stablecoin backed by liquid-staked assets #DEFI Coming soon! Stay turned...”
-Something called @blueberryFDN. Twitter bio states “Blueberry Protocol - Onchain Leverage for Onchain Investors (soon) + Bloom Protocol - permissionless treasury yields for DeFi”.
-Something new called @Arkeonetwork. Twitter bio states “Decentralized and indexed blockchain data for any chain. Much more coming soon!”
-Something new on BSC called @lendrnetwork. Twitter bio states “🏆1st Place Binance + Chainlink Hackathon Winner🏆 🪙 0% Interest lending platform for real-world asset stablecoins: US Real Estate, Inflation Proof USD, Gold.” h/t @ApeOClock:
-New project called @0xDeriverse. Twitter bio states “🪐 A product suite for trading of NFT options & perps 🪐 Testnet soon! ✨”. h/t @AresLabx_xyz:
-New project on Arweave called @OurBazAR. Twitter bio states “Atomic asset marketplace built on Arweave”. h/t @AresLabs_xyz:
Security Alerts
-@VyperLang released their post-mortem on last week’s exploits:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama ($1M+ TVL, no-IL, single-exposure 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)
-Lot of speculation about Huobi and Binance and discussions re: $USDC and $USDT, linking to some samples below but highly recommend doing your own due diligence on everything:
-Update on recovery of funds from last week’s exploits, c/o @bantg and @LlamaRisk:
-Interesting stat on top ten most popular on-chain wallets from @coingecko:
-Some TA on the US Dollar from @noahseidman:
-Some trending tickers from @alphascan_xyz:
-Sentiments c/o @0xdoug:
-Interesting macro stat from US, c/o @unusual_whales:
-Excellent thread on some lesser-known perp dex’s from @CryptoNikyous:
-Very interesting thread from @BackTheBunny:
-Excellent new macro discussion from @Blockworks_ between @MarkYusko and @MikeIppolito_:
-Investing wisdom from @systems_value:
-Parting thoughts from @TheStalwart:
Conclusion
Happy Sunday friends! Let’s get after it!
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.