Happy Monday friends! Feels like its gonna be a big week!
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: $2023.18
Oil (WTI): $71.97
US 10Y Treasury: 3.913%
Stocks (from:@News4Moves): N/A
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Our friends at @muxprotocol keep hitting new high’s!
They finished this most recent week with a staggering $1.8B in volume! This also catalyzed a massive spike in ‘RealYield’, as you can see in their tweet below…
As background… @muxprotocol is essentially ‘the 1inch of perps’, aggregating liquidity and flow via the top perps dex’s to ensure traders get the lowest fees possible… They were recently allocated 6M in ARB-incentives via the Arbitrum STIP campaign, and are using it to effectively slash opening/closing fees to zero for trades routed through GMX V1, GMX V2, Gains Network, and MUX itself!
If you are interested in trading on MUX and saving big via the above fee rebate… or providing liquidity to earn the aforementioned yields… then make sure to visit their dApp now!
Biggest TVL Movers + Else
Chains are quite red today. Fastest-growing chains on the weekly with at least $1M TVL are MAP Relay Chain, ICP, Astar, and Chihuahua.
Protocols are also quite red today. Fastest-growing protocols on the weekly with at least $1M TVL are ETH Mainnet yield protocol StakeStone, Base lending protocol Seamless Protocol, Sui liquid-staking protocol Volo, and Sui liquid-staking protocol Haedal Protocol.
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):
Top Trending Tokens (from @dexscreener, 6 hour timeframe):
Bitcoin Fear/Greed Index:
(from @BitcoinFear)
Ethereum Fear And Greed Index
(from @EthereumFear):
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 @AstriaOrg. Twitter bio states “The Shared Sequencer Network”.
-New project called @BRC20com. Twitter bio states “The first BRC20 infrastructure project, powered by the COM BRC20 token…” h/t @CryptoKaduna:
-Something new called @waterlayer_xyz. Twitter bio states “A permissionless, scalable, and interoperable execution layer on Inscriptions. #WRC20 - native omnichain inscription asset”. h/t @AresLabs_xyz:
-New protocol called @tonkafinance. Twitter bio states “Lending and borrowing platform for Bitcoin inscriptions. Enhancing the functionality and liquidity of BRC20s & Ordinals…” h/t @Beacon_Early:
-New project called @CIAS_TIA. Twitter bio states “The 1st inscription system and marketplace on Celestia”. h/t @Beacon_Early:
-New Linea dex called @NileExchange. Twitter bio states “Nile pairs incentives with concentrated liquidity for next-level capital efficiency”. h/t @Beacon_Early:
Security Alerts
-Security alert h/t @PeckShieldAlert:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama ($10M+ TVL, single-exposure, and no-IL only) 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)
-Prices are down but chains are clogged amid much excitement/innovation across the crypto world:
-Macro schedule for the week ahead, h/t @KobeissiLetter:
-Meme coins still generating lots of attention:
-Narrative/ticker alfa for the week ahead, c/o @TheDeFinvstor:
-Lots of talk about inscriptions going on, sample from @zhusu below:
-Long-dated US bonds have surged in price as yields have fallen dramatically the last few weeks:
-Latest real-time inflation data from Chainlink-powered @truflation:
-Interesting thread of general crypto bullishness from @kellangrenier:
-Good thread explaining the ‘Inscriptions’ phenomenon from @0xCygaar:
-Interesting comment from @cobie on the Ethereum question:
-Another good thread on Solana airdrop farming opportunities c/o @alpha_pls:
-New video from one of our favorite ‘mainstream’ crypto channels @NewsAsset:
-New macro discussion from @AndreasSteno and @RaoulGMI:
-Parting thoughts c/o @Ian_Unsworth:
Conclusion
Happy Monday friends let’s get after it!
And please RT/subscribe/etc if you found this valuable! :)
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Note
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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.