Happy Wednesday friends! Things are looking up!
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: $2443.40
Oil (WTI): $74.95
US 10Y Treasury: 3.94%
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 recent article below!
Biggest TVL Movers + Else
Chains are quite green today. Biggest gainers on the weekly with at least $20M TVL are BSquared, Hyperliquid, and Fusion.
Protocols are also quite green today. Biggest gainers on the weekly with at least $20M TVL are BSquared farm Buzz Farming, uncategorized multichain protocol Clearpool, and uncategorized ETH Mainnet + Solana protocol Maple Finance.
Here’s The Top 12 Chains By TVL (from @DefiLlama):
Here’s The Top 12 Protocols By TVL (from @DefiLlama):
Here’s The Top 12 Entities By 24 Hour Fee Generation (from @DefiLlama):
Bitcoin Fear/Greed Index:
(from @BitcoinFear)
Top Trending Tokens
(from @dexscreener - 24 hour timeframe)
Chart Of The Day
(Courtesy of our Official Sponsor @vertex_protocol)
-$BTC is seeing a bounce anon! After the carnage of the last few days it is now climbing back upward… do you think this will continue or is there more pain in store for us?!? 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!)
-Something new called @tizzfinance. Twitter bio states “Your go-to perp DEX! Leverage trade crypto by unlocking bitcoin liquidity. Experience team trading like never before. 🔋 Powered by @BotanixLabs”. Followed by 4 of our mutuals.
-Something new called @DropsBotHQ. Twitter bio states “🪂 Check any crypto wallet for unclaimed airdrops! … 🔔 Telegram alerts ON 🛡 No need to connect wallet 💰 Invite friends, get 10% rev share”. Followed by 2 of our mutuals.
-New options protocol on TON called @tonhedge has been added to @DefiLlama. Twitter bio states “Options trading protocol on @ton_blockchain 💎”. Followed by 1 of our mutuals.
-New yield protocol on Starknet called @strkfarm has been added to @DefiLlama. Twitter bio states “DeFi yield aggregator and strategies on @Starknet”. Followed by 3 of our mutuals.
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (all types, $25M+ TVL only) - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Security Alerts
-No security alerts today.
Important News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-The Bank of Japan has apparently relented on hikes/austerity:
-Summary of above from @SpecialSitsNews:
-This was widely considered further evidence of the dovish and debasement-centered macro paradigm we are in:
-Crypto prices are bouncing back today with memecoins leading the way:
-Continued focus on Jump selling though:
-Thoughts on the macro situation from @fejau_inc:
-Similar thoughts from @TusharJain_:
-$PEPE, $TAO, and $WIF are the three largest market cap coins launched in 2023, h/t @thedefivillain:
-Ordinals seeing strength for the first time in awhile, h/t @Tyler_Did_It:
-EigenLayer reminder from @NPC_68:
-Additional headlines c/o @0xSalazar:
-And more headlines, from @blocmatesnews:
-New interview with macro/crypto permabull Tom Lee from @BanklessHQ:
-New macro video featuring @TgMacro, Jared Dillian, and @hkuppy:
-New interview with @TaikiMaeda2 from @cuntycakes123:
-Trading/investing wisdom from @resdegen:
-Parting sentiments c/o @TyrogueD:
Conclusion
Happy Wednesday 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.