Happy Monday friends! Another big week ahead of us!
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: $1,936.20
Oil (WTI): $82.79
Stocks (from:@News4Moves): N/A
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
@SavvyDeFi is a new project on Arbitrum whose LBP starts tomorrow!
As brief description… Savvy allows users to 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 incorporates 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), and significant amounts of Protocol Owned Liquidity as well!
Their LBP is on @FjordFoundry from August 8th-11th so make sure to follow them on Twitter for continued updates and visit their site to check out the available yields!
Biggest TVL Movers + Else
Chains are mostly red today. Only top 50 chains green on all three timelines (daily, weekly, monthly) are Aptos (#28), Astar (#40), OKTChain (#41), and Hedera (#42).
Protocols are mixed today. Only top 100 protocols green on all three timelines (daily, weekly, monthly) are Tornado Cash (#31), BendDAO (#69), Folks Finance (#86), and Inverse Finance (#99).
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!)
-Something new called @Adscendo_fi. Twitter bio states “Next-generation Stablecoin and Leverage aUSD: LSD-native stablecoin with leveraged ETH staking yield lstETH: Long-term on-chain leveraged stETH derivative”.
-New trading bot protocol called @TeamCoinbot. Twitter bio states “A multi-chain trading bot on Telegram with native Bitcoin. Powered by THORChain ⚡️…”
-Something called @Kekotron_. Twitter bio states “Advanced MEV tool built by the @Nchart_ team.”
-New protocol called @Epoch_Protocol. Twitter bio states “Participate in DeFi's first-ever Initial Time Offering and help unlock $1B+ of yield for LST holders”. h/t @twindoges:
-Something called @FullMetalTools. Twitter bio states “Full Metal Trading Suite on Ethereum created by @Fullmetalwojak”. h/t @twindoges:
-New project called @0Knowledge_net. Twitter bio states “A new era of privacy…” h/t @twindoges:
-New dex called @lagom_exchange. Twitter bio states “The fast & secure Orderbook DEX that empowers financial freedom 🔮 Turn on 🛎 for the latest updates!” h/t @twindoges:
-New protocol called @AlveoliProtocol. Twitter bio states “A blockchain agnostic liquidity federation protocol. Never get rugged by liquidity again.” h/t @twindoges:
-Something new called @ExocoreNetwork. Twitter bio states “Omnichain Restaking”. h/t @twindoges:
-New trading bot project called @GBOTofficial. Twitter bio states “Telegram Perp Dex Trading Bot + Presale Sniper + Customizable Automated Strategies Enabled by @GMDProtocol 's $GMD Incubator Trade: Soon | TG Portal: Soon”. Also h/t @twindoges - make sure to give him a follow!
-A new protocol on @BuildOnBase called @base_cookie has been added to @DefiLlama. Twitter bio states “🍪Sweeten your DeFi journey with CookieBase! 🌟 Embrace creamy yields and crumbly rewards on #Base Blockchain. Join now!”
-Another new project on @BuildOnBase called @MeridianFi has been added to @DefiLlama. Twitter bio states “Decentralised ETH backed stablecoin solution for the Base Network.”
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama ($5M+ 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)
-Macro schedule for the week ahead, including next US CPI (inflation) report, c/o @_FabianHD:
-More Huobi + $USDT + Binance rumors/debate (note: as always please do your own due diligence, the tweets we include are just meant to reflect the the overall range of discussion and serve as jumping off points for more research):
-The @CurveFinance deadline has passed without funds having been returned by the CRV/ETH pool exploiter, h/t @bantg:
-TVL continues to surge on @BuildOnBase, h/t @RasterlyRock:
-Latest real-time inflation data from Chainlink-powered @truflation:
-Interesting thoughts/data from @Jamie1Coutts c/o @cburniske:
-Some tokens/narratives to watch this week, from @TheDeFinvestor:
-Sovereign debt issues continuing to generate attention:
-Interesting data from @coingecko, showing ETH Mainnet with an 84% share in the NFT landscape:
-Mantle x Lido alfa from @MacroMate8:
-Bullish sentiments on Coinbase from @Matt_Hougan:
-Bearish thoughts on L2 proliferation from @lemiscate:
-General sentiments c/o @DegenSpartan:
-New video from @coinbureau going over @coingecko’s very interesting Q2 ‘Crypto Industry Report’:
-New tutorial video on bridging to Linea, from @0xMughal:
-Parting wisdom c/o @Flowslikeosmo c/o @QuotableCrypto:
Conclusion
Happy Monday good degens! Stay alert out there!
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.