Happy Saturday friends! 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: $2012.99
Oil (WTI): $79.19
US 10Y Treasury: 4.281%
Stocks ($SPY as proxy): -0.59%
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 mixed today. Top 50 chains up at least 20% on the weekly include Stacks (#30), Hedera (#31), Neutron (#41), and Mode (#47).
Protocols are mostly red today. Protocols with at least $50M TVL up at least 30% on the weekly include Merlin’s Seal, Liquid Collective, StackingDAO, SaucerSwap, and ALEX.
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):
Here’s The Top 12 Chains By 7 Day Stablecoin Inflow % (from @DefiLlama):
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 @ConcreteXYZ. Twitter bio states “Concrete is an appchain purpose built to improve debt and credit on-chain. Higher yields, liquidation protection, and advanced predictions.” Followed by 17 of our mutuals. h/t @SmokeyTheBera:
-Something new called @zkywallet. Twitter bio states “⚡️ Bitcoin | Building the first ZK-Rollup focused wallet for the #bisonlabs ecosystem ⚡️” Followed by 3 of our mutuals.
-New Dymension dex called @DymondDex. Twitter bio states “First dex built on @Dymension”. Followed by 3 of our mutuals. h/t @Beacon_Early:
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 ($10M+ TVL, single-exposure, no-IL only) and @stable_fish - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Important News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-Yuga Labs acquisition of Moonbirds catalyzed much discussion today:
-Positive ETF inflows continuing to be a major topic of discussion:
-Latest real-time inflation data from Chainlink-powered @truflation:
-Bittensor/$TAO getting lots of attention on the TL the last couple days, common sentiments c/o @MaxLongCEO:
-Airdrop thoughts from @CC2Ventures:
-Top-performing DePin tokens over the past week c/o @CoinBeatsxyz:
-Comment by Coinbase CEO Brian Armstrong regarding a free mint NFT of Coinbase earnings generated speculation re: a potential Base token/airdrop:
-Some airdrop alfa from @teddi_speaks:
-Great thread from @Schizo_FREQ on cycle experiences/thoughts:
-Airdrop update/thoughts from @wronguser000:
-New episode of @0xSteadyLads podcast:
-Great defi-focused discussion between @Dynamo_Patrick and @ayyyeandy:
-New roundtable discussion from @thebellcurvepod on ETH, EigenLayer, and other topics, featuring @pythianism, @im_manderson, @MikeIppolito_, and @mylesoneil:
-Great new macro discussion between Grant Williams @ttmygh and @LukeGromen (click tweet to access podcast via link):
-Parting wisdom c/o @drakeondigital:
Conclusion
Have a great Saturday and don’t forget to touch some grass this weekend friends!
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.