Happy Saturday friends! Tradfi markets closed but crypto never sleeps! :)
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: $2004.05
Oil (WTI): $71.23
US 10Y Treasury: 4.23%
Stocks (from:@News4Moves):
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
The good cowboys over at @Rodeo_Finance on Arbitrum keep building a storm, and have just received an @GMX_IO grant from the Arbitrum STIP rewards!
Once again, Rodeo is a leveraged yield project we’ve been helping spread the word about that is building on top of all the top Arbitrum defi protocols to give discerning farmers the chance to maximize their yields, with leverage, all from a single easy to use UI…
Make sure to check out the Rodeo site to view all the available yields and opportunities and follow them on Twitter for more updates!
Biggest TVL Movers + Else
Chains are very green today. Notables include Cardano (#9) at +23.64% on the daily, Algorand (#30) at +13.15% on the daily, and Fantom (#32) at +11.09% on the daily.
Protocols are also quite green today. Some notables include Marinade Finance (#20) at +32.84% on the weekly, and Benqi (#28) at +23.18% on the daily.
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):
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!)
-A new AI project followed by a bunch of our mutuals called @AstraAIofficial. Twitter bio states “AstraAI is a cutting-edge AI project that harnesses the power of data science, deep learning, and big data to deliver innovative solutions on the blockchain. 🤖” h/t @CryptoNikyous:
-Something new called @SynthBit. Twitter bio states “Pioneering Bitcoin synthetic assets. Trade mining stocks and tap into the BRC-20 ecosystem. Access exotic pairs with ease. Powered by @tap_protocol”…
-Newish yield protocol on BSC called @dvolfinance has been added to @DefiLlama. Twitter bio states “Decentralized asset management & derivatives protocol. DeFi structured vaults. Backed by @ProtocolLabs @LongHashX @Cyberport_HK”.
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama ($1M+ TVL, single-exposure, 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)
-Alt coins finally breaking out a bit, h/t @JJcycles:
-Related cycle thoughts from @BobLoukas:
-VanEck’s proposed spot bitcoin ETF will apparently have the ticker ‘HODL’:
-Appears to now be airdrop season to say the least, h/t @MingoAirdrop:
-Good list of more potential Solana airdrops one might be able to qualify for, from @Dynamo_Patrick:
-Proposal to end Synethix $SNX-inflation looks like it will pass, h/t @MattLosquadro:
-Seeing a bit of renewed chatter about @friendtech on the timeline, h/t @VentureCoinist:
-Intents technology/narrative still getting a lot of attention, good sample thread from @0xAndrewMoh below:
-Sentiments c/o @ChadCaff:
-Important thoughts from @thedefiedge:
-Important thoughts from @tbr90:
-New interview with @RaoulGMI from @Unchained_pod:
-New video from one of our favorite ‘mainstream’ crypto channels Digital Asset News:
-New episode of @theempirepod featuring @santiagoroel and @JasonYanowitz on topic of ‘Is Crypto Back?’:
-Parting wisdom from @redphonecrypto:
Conclusion
Have a great Saturday friends and don’t forget to touch some grass this weekend!
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.