Happy Wednesday friends! The excitement continues!
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: $2048.10
Oil (WTI): $74.90
US 10Y Treasury: 3.903%
Stocks ($SPY as proxy): +0.64%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
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Biggest TVL Movers + Else
Chains are a bit red today. Fastest-growing chains on the weekly with at least $20M TVL are Waves, FSC, and Manta.
Protocols are mostly red today. Fastest-growing protocols on the weekly with at least $20M TVL are ETH Mainnet yield protocol StakeStone, Waves lending protocol Vires Finance, and Manta/Linea/Scroll lending protocol LayerBank.
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):
New Projects
(note: this includes new projects 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 @Zoopia_Staking. Twitter bio states “#BRC20 Staking Platform...”
-New dex aggregator on Injective called @Injex_fi. Twitter bio states “The first protocol for aggregating DEX offerings with the best price execution on @Injective_ and a foundational component in the broader DeFi ecosystem. #INJ”. h/t @Beacon_Early:
-Another new Injective project called @inj_inscription. Twitter bio states “The first inscription marketplace on @Injective_ Pioneering the inscription wave on #Injective, where the future isn't just approaching. It's already here 🥷”. h/t @Beacon_Early:
-New dex being built on @Blast_L2 called @blastozone. Twitter bio states “A Native Yield Based LaunchPad and Yield Aggregator powered by @Blast_L2.” h/t @Beacon_Early:
-Something new called @WRAPPEDprotocol followed by a lot of our mutuals. Twitter bio states “Providing cross-chain exposure with ease. $WRAP”. h/t @ApeOClock:
-New NFT Marketplace on Canto called @1155tech has been added to @DefiLlama. Twitter bio states: “On Web+ . Collect keys. Unlock Art.”
-New multichain EVM lending protocol called @unitusfi has been added to @DefiLlama. Twitter bio states “Unitus: the Next-Generation Multichain Money Market boosting the @dforcenet ecosystem”.
Security Alerts
-Security alert from @CertiK:
-Our friends at @KelpDAO had their Twitter account hacked, h/t @DefiIgnas - NOTE: it appears this issue is ongoing so please DO NOT click any links from the @KelpDAO Twitter account until resolved - we will include an update here once this issue is fixed:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (all types, $1M+ TVL only) and @stable_fish - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Important News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-$SOL has flipped $XRP to become the 5th largest crypto token by market cap, h/t @coinbureau:
-@phantom wallet may be adding a Bitcoin integration, h/t @DegenerateNews:
-@dexscreener has added support for Injective, h/t @0xFitz:
-Sentiments on current market, c/o @TyrogueD and @DefiIgas:
-Housing starts spiking higher in the US as mortgage rates start coming down, h/t @WarrenPies:
-EigenLayer continuing to see large deposits and attention/discussion, h/t good thread of stats from @tomwanhh below:
-Thoughts re: the burgeoning airdrop season c/o @CC2Ventures:
-Overview of some of the main BRC20-etc projects from @corleonescrypto:
-Interesting macro observation from @LynAldenContact:
-Interesting thread from @qthomp laying out the potential bear case re: short-term price action:
-Good overview of large, mid, and small cap projects in the Solana ecosystem from @matrixthesun:
-New video from @blocmatesdotcom featuring @jediblocmates and @Grantblocmates going over opportunities in the small cap/degen space:
-New Q&A video from macro gigabrain @LukeGromen:
-New video from @thebellcurvepod featuring a discussion between @MikeIppolito_ and @danrobinson:
-Parting wisdom c/o @ConsistentJoe c/o @QuotableCrypto:
Conclusion
Happy Wednesday friends!
And please RT/subscribe/etc if you found this valuable! :)
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Note
Lots of exciting stuff happening with @silentdao_ friends!
As you know, our editor @rektdiomedes has been helping bang the drum about what the gents at @silentdao_ have been building, and things are starting to heat up to say the least!
Make sure to follow the official @silentdao_ Twitter account so you don’t miss any important updates! ;)
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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.