Happy Sunday degens! Lots of stuff going on this weekend!
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 @CryptoBubbles):
Gold: $2019.90
Oil (WTI): $71.43
US 10Y Treasury: 3.915%
Stocks (from:@News4Moves): N/A
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Have you heard about @KelpDAO yet friends?
They are an extremely cool new project from the crew behind Stader Labs that is building an LRT solution- rsETH- on EigenLayer!
To quote them directly:
“rsETH is a Liquid Restaked Token (LRT) issued by Kelp DAO designed to offer liquidity to illiquid assets deposited into restaking platforms…”
EigenLayer is creating quite a bit of excitement, and our friends at @KelpDAO are right at the heart of it!
We’re gonna be amplifying their hard work here as everything gets going… so make sure to follow them on Twitter and check out their site for more info!
Biggest TVL Movers + Else
Chains are mostly red today. Top 50 chains red on all three timelines (daily, weekly, monthly) include Pulse Chain (#22) and DefiChain (#29).
Protocols are also mostly red today. Top 50 protocols red on all three timelines (daily, weekly, monthly) include SummerFi (#6), Curve Finance (#12), Pancakeswap (#15), JustStables (#16), Sun (#34), dYdX (#35), Lybra Finance (#39), Radiant (#41), and Nexus Mutual (#48).
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 Revenue Generation (from @DefiLlama):
Top Trending Tokens (from @dexscreener, 6 hour timeframe):
Bitcoin Fear/Greed Index:
(from @BitcoinFear)
Ethereum Fear And Greed Index
(from @EthereumFear):
Degen Alfa
(Exclusive data/information from our Official Sponsor @ChainEDGE_io - sign up today by clicking here!)
-24 Hour Smart Money Inflows include MOLLY, LINK, BSSB, BONE SHIBASWAP, GEC, eSOV, PEPE, USDC, SuperFARM, and Icy.
-24 Hour Smart Money Outflows include MUBI, AGAS, catwifhat, vBAGE, ILV, DOVA, AFO, PENDLE, PUSSY, and ELON.
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 project called @gasdotzip. Twitter bio states “Fastest one-stop gas bridge for over 85+ chains. Now live on LayerZero…”
-Something new/newish we haven’t highlighted before called @lilTheAI. Twitter bio states “Smart automated community management. Powered by #AI. Built on #Arbitrum.”
-Something called @vaporwallet. Twitter bio states “Inflation Hedge Wallet “ We Vaporize Inflation ” VISA Accelerator Program 2023”. h/t @CryptoNikyous:
-New project called @ZeusNetworkHQ. Twitter bio states “First Permissionless Communication Layer for Solana and Bitcoin ⚡️ Beyond Chains, Beyond Borders”. h/t @AresLabs_xyz:
-Previously-mentioned @AccumulatedFi has been added to @DefiLlama (multichain, liquid-staking). Twitter bio states “Liquid staking ecosystem integrated with Curve. Boost your staking yield and earn extra rewards.”
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (all types, $10M+ TVL) and @stable_fish - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Important News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-The so-called “Kimchi Premium” (ie Bitcoin being more expensive on South Korean exchanges) is apparently being seen in the wild again, h/t @hansolar21:
-A rush for the infamous Solana phones of last cycle has been generating lots of discussion, h/t @Tyler_Did_It and @DegenWave:
-There were a number of security incidents relating to NFT’s yesterday, recommend following @officer_cia and @0xfoobar for more info if interested:
-GameFi receiving lots of renewed attention, h/t @Coin98Analytics:
-The following story re: the FTX estate is generating lots of discussion (would entail FTX users only having the value of their crypto equated to what it was worth at the time of the FTX collapse rather than its current value):
-Lot of the smartest macro guys we follow (such as @vincent_gave below) are talking about the rising situation re: shipping companies declining to travel through the Red Sea due to fears over Houthi drone strikes:
-Also on the macro front, thoughts on the BTFP, which we noted yesterday has been getting a lot of attention, from @Concodanomics:
-Good overview of some of the more significant/interesting Solana protocols by @wist_defi:
-Avalanche continues to generate lots of transactions/attention, h/t @TheDeFinvestor:
-Good overview of the Avalanche ecosystem from @matrixthesun:
-Weekly macro overview from Joseph Wang @FedGuy12:
-Excellent new video on Celestia/$TIA from @Dynamo_Patrick:
-Bullish sentiments c/o @ViktorDefi:
-Parting wisdom from @phooterxbt:
Conclusion
Happy Sunday friends and don’t forget to touch some grass :)
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.