Happy Tuesday friends! Is very good (and a bit surreal) to see Bitcoin above 50k again!
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: $2025.64
Oil (WTI): $77.21
US 10Y Treasury: 4.086%
Stocks ($SPY as proxy): -0.044%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
The team at @muxprotocol continue to dominate as the leading perps dex aggregator on the market, with cumulative volume now eclipsing $31B!
Indeed, as animal spirits continue to heat up in our beloved crypto markets, more and more traders are migrating to @muxprotocol- the ‘1Inch of perps’ - who are utilizing the 6M ARB grant they received to reduce trading fees to zero… as are yield maximalists keen on taking advantage of the ‘RealYield’ paid in ETH to MUXLP and veMUX holders…
We are continuing to spread the word about everything the gents at Mux are doing, so make sure to check out their site to get started trading and/or LP’ing and follow them on Twitter for continued updates!
Biggest TVL Movers + Else
Chains are extremely green today. Top 50 chains up at least 8% on the daily include Solana (#5), Bitcoin (#6), MultiversX (#19), Near (#29), and Neutron (#43).
Protocols are also extremely green today. Protocols with at least $5M TVL up at least 20% on the daily include Keep3r Network, Granary Finance, Wombat Exchange, Amphor, Kava Mint, and Maple Finance.
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 Chains By 7 Day Stablecoin Inflow % (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 on Sei called @seirum_io. Twitter bio states “Seirum, a Decentralized, Fully On-Chain Central Limit Order Book with 400ms Finality. Powered by @SeiNetwork. Come for the memes, stay for the tech.” Followed by 3 of our mutuals. h/t @AresLabs_xyz:
-New Metis perps dex called @ZenoExchange. Twitter bio states “Premier Decentralized Perpetual Trading Platform coming soon to @MetisL2”. Followed by 5 of our mutuals. h/t @AresLabs_xyz:
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!
-No security alerts today.
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)
-Bitcoin hits 50k, putting it less than 40% away from its previous all-time high of 69k, and the overall crypto market cap just under $2T, still 50% below its previous all-time high of $3T:
-New CPI (inflation) numbers come in today:
-CZ sentencing date has apparently been pushed back from February 23rd to April 30th, h/t @WuBlockchain:
-Aave deploys on new ETH L2 @Scroll_ZKP, h/t @leviathan_news:
-Fear And Greed Index hits highest level since November 2021, h/t @coingecko:
-Bullish ruminations c/o @DoveyWan:
-Interesting data point from @JLabsJanitor:
-In tradfi world, passive funds have apparently just crossed the noteworthy 50% mark, h/t @BiancoResearch:
-Stock market seems to be increasingly decoupling from interest rates, h/t @WarrenPies:
-Good airdrop thread on @PolyhedraZK from @Faycytw:
-Thoughts on crypto ETF proliferation c/o @santiagoroel:
-New video going over all the top crypto news stories from @coinbureau:
-New video on @dymension/$DYM from @Dynamo_Patrick:
-Latest overview of Cosmos ecosystem + lots of general crypto stuff from @Cryptocito:
-New crypto/macro livestream from @noahseidman:
-Parting wisdom c/o @0xjaypeg:
Conclusion
Happy Tuesday good frogs! Stay alert + hypervigilant out there!
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.