Happy Tuesday friends!
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: $1,933.80
Oil (WTI): $81.09
Stocks (from:@News4Moves):
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Silent Protocol @silentdao_ - an extremely interesting new project currently building something quite significant + ambitious re: on-chain privacy - has just announced an integration with @CoWSwap!
As background on Silent… rather than a standalone chain or a mixer, the idea is to create a composable middleware encryption layer that allows privacy preservation within the EVM itself, allowing users to interact with defi protocols like @CoWSwap anonymously…
Our esteemed editor @rektdiomedes is working with the @silentdao_ team to help with education/drum-banging/etc… so make sure to follow them on Twitter for more updates as they work toward launch!
Biggest TVL Movers + Else
Chains are mixed today. Biggest gainer on the weekly among top 30 chains is Fantom (#26) at +14.01%, and biggest loser is Pulse Chain (#13) at -11.55%.
Protocols are also mixed today. Biggest gainer on the weekly among top 100 protocols is Convex Finance (#10) at +64.54%, and biggest loser is Alpaca Finance (#67) at -28.64%.
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 Dex’s By 7 Day 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 protocol called @avantisfinance. Twitter bio states “Democratizing leverage. Trade crypto and forex with up to 100x leverage. Stablecoin yield vaults with time & risk management. Testnet Q3'23 on Base and Optimism”.
-New project called @echo_swap. Twitter bio states “The innovative community-owned native liquidity marketplace driving ve(3,3) concept on @zksync”.
-New protocol called @Silky_Finance. Twitter bio states “Silky Finance is a one stop DeFi protocol, providing a series of products on @ZKsync to solve the liquidity needs of various projects”.
-New project called @eddy_protocol. Twitter bio states “The first native-asset transfer protocol built on @zetablockchain”.
-Something new called @rebootgg_. Twitter bio states “Reboot Protocol is a decentralized, scalable framework for building games of skill that rewards players and developers.”
-New project called @Chi__Protocol. Twitter bio states “Decentralised and scalable stablecoin protocol…”
Security Alerts
-@steadefi apparently suffered an exploit yesterday. These are our friends we’ve been helping with education/awareness via the Spotlight section, so we will be following the situation closely and including any/all updates over the coming days:
-@cypher_protocol on Solana was also apparently exploited yesterday:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (all types, $5M+ TVL) and @stable_fish - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Other News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-PayPal announced it is releasing a stablecoin yesterday, generating intense discussion:
-Thoughts on the above:
-The SEC’s first deadline to approve, deny, or delay a Spot Bitcoin ETF is coming up next week, h/t @CryptoJelleNL:
-$BTC trading volume still extremely low:
-Tether/Binance/Huobi/etc situation continues to generate attention, thoughts from @VirtualBacon0x and @DylanLeClair and @RasterlyRock below:
-’Reddit Tokens’ MOON and BRICKS surged yesterday after being listed on Kraken:
-@RuneKek released a thread on the future of @MakerDAO:
-Thoughts on potential path for rest of year, from @danblocmates:
-Very good + long security thread from @francescoweb3:
-More thoughts on stablecoins, from @ChainLinkGod and @AustinBarack and @santiagoroel:
-New episode of The Daily Gwei for our more tech-focused blockchain fans, c/o @sassal0x:
-Dan from Digital Asset News released a new video on the Huobi situation:
-New macro + crypto livestream from @noahseidman:
-Parting wisdom from @systems_value:
Conclusion
Have a great Tuesday friends!
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.