Happy Saturday friends! No days off in crypto!
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: $2024.40
Oil (WTI): $76.84
US 10Y Treasury: 4.152%
Stocks ($SPY as proxy): +0.58%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Lots of exciting stuff happening with @silentdao_ friends!
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!
Once again, Silent is middle-ware privacy/encryption project designed to facilitate composable privacy solutions within the EVM itself... Make sure to follow the official @silentdao_ Twitter account so you don’t miss any important updates!
Biggest TVL Movers + Else
Chains are mostly green again today. Only top 50 chains red on the weekly are Ronin (#23), DefiChain (#30), Canto (#45), Telos (#47), and ICP (#48).
Protocols are very green today. Only top 70 protocols red on the weekly are Venus (#24), Morpho (#30), Stargate (#51), Prisma Finance (#55), Radiant (#59), Wemix (#64), and Ondo Finance (#70).
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 Token-Holders’ Revenue (from @DefiLlama):
Here’s The Top 12 Dex’s By 7 Day Volume (from @DefiLlama):
Top Trending Tokens (from @dexscreener, 24 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!)
-New project called @susa_ex. Twitter bio states “Perps DEX by @SushiSwap powered by @LayerN_Official's hyper-performant L2: ~1ms latency, CEX experience.” Followed by 5 of our mutuals. h/t @toffee248:
-Something new called @MotoswapBTC. Twitter bio states “Motoswap is the first Layer 1 Bitcoin AMM, bringing xFi to CBRC-20. By @TheMOTOorg”. Followed by 14 of our mutuals.
-New project called @zkAutomate. Twitter bio states “The first No-code Automation platform for traders & developers 🤖 Create Trading Bots, Perp Automation & Smart Contract Automation”. Followed by 8 of our mutuals. h/t @Slappjakke:
-Previously-mentioned ZetaChain dex @omnidrome has been added to @DefiLlama. Twitter bio states “The Central Trading and Liquidity Marketplace on @ZetaBlockchain Mainnet. 100% of Protocol Incentives and Fees Go to Voters!” Followed by 3 of our mutuals.
-Previously-mentioned ZetaChain dex @eddy_protocol has been added to @DefiLlama. Twitter bio states “The most efficient bridge to @zetablockchain 🚀 Put your assets to use and earn esEddy Rewards 🪂”. Followed by 9 of our mutuals.
-New Moonbeam/Astar/Moonriver liquid staking project @OmniLST has been added to @DefiLlama. Twitter bio states “The first omni-chain liquid staking protocol developed based on @BifrostFinance SLPx, cross-chain interoperability security provided by @Polkadot XCM.” Not followed by any of our mutuals.
Security Alerts
-Daily Reminder: Twitter (and other social media) is being absolutely inundated with scams and links to fake versions of popular defi protocols - please make sure to be EXTREMELY hyper-vigilant and triple-check before interacting with anything!
-Security alert from @peckshield:
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)
-ETF inflow/outflow numbers continuing to look bullish, h/t @TheDeFinvestor:
-Stonks now 15% higher than they were in March 2022 when the Fed started hiking rates, h/t @charliebilello:
-New ETH L2 @0xMantle continues to gain TVL + attention, h/t @crypto_condom:
-EigenLayer continues to be dominant narrative with another restaking protocol (@ether_fi) hitting $1B in TVL, h/t @CryptoHayes:
-Interesting Cosmos/$ATOM update from @Cryptocito:
-GameFi project @MaviaGame is getting lots of attention currently, h/t @Rewkang:
-Bitcoin L2’s continuing to proliferate, h/t @ViktorDefi:
-Interesting potential airdrop alfa from @zerototom:
-Massive list of potential airdrops from @CoinBeatsxyz (click to see rest of list):
-Reminder from @concodanomics on the up-only design of the US stock market:
-Another good airdrop thread from @defi_sakura, on the @berachain testnet:
-New episode of the @0xSteadylads podcast talking about restaking, EigenLayer, Mantle, airdrop mania, and more:
-Good new crypto/macro livestream from @noahseidman:
-New appearance on CNBC from macro gigabrain @WarrenPies (short video but well worth watching):
-Parting wisdom c/o @blknoiz06:
Conclusion
Happy Saturday friends! Don’t forget to touch some grass this weekend!
And please RT/subscribe/etc if you found this valuable!
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***Note On Material: The ‘Spotlight’ section (and ‘Note’ sections and info on our Official Monthly Sponsor if applicable) 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.