Happy Thursday good degens! Another wild day in ze brypto markets!
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: $2034.61
Oil (WTI): $78.50
US 10Y Treasury: 4.305%
Stocks ($SPY as proxy): -0.13%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Our friends at @silentdao_ keep working diligently behind the scenes to develop a truly revolutionary solution to the issue of on-chain privacy…
Our editor @rektdiomedes has been helping bang the drum about what @silentdao_ have been building, and the architecture being developed is intended to permanently change the defi landscape.
Once again, Silent is a 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 quite green again today. Biggest gainer on the weekly among top 30 chains is Bitcoin (#6) at +43.02%, and biggest loser is Sui (#11) at -1.97%.
Protocols are also quite green today. Biggest gainer on the weekly among top 100 protocols is Renzo (#37) at +81.54%, and biggest loser is Stargate (#60) at -4.89%.
Here’s The Top 12 Fastest-Growing Chains By TVL On The Weekly (from @DefiLlama):
Here’s The Top 12 Fastest-Growing Protocols By TVL On The Weekly (from @DefiLlama - note: this one has a minimum TVL filter so only includes protocols with at least $1M TVL):
Here’s The Top 12 Entities By 24 Hour Fee Generation (from @DefiLlama):
Bitcoin Fear/Greed Index:
(from @BitcoinFear)
Ethereum Fear And Greed Index
(from @EthereumFear):
Crypto Volatility Index
(from @CVIdaily):
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 @_FormAI_. Twitter bio states “The democratic AI/LLM merging #Crypto + #AI. Decentralized distributed AI training & inference. @Harvard @UWaterloo Start-up”. Followed by 21 of our mutuals. h/t @thealphadigest:
-New project called @AnonifyBot. Twitter bio states “A utility token powered with a private crypto-currency exchange through Telegram.” Followed by 7 of our mutuals. h/t @thealphadigest:
-Something new called @Trade_TheGame. Twitter bio states “Get Rekt on Blast. Built by @TideFlowDAO .” Followed by 8 of our mutuals. h/t @thealphadigest:
-New project in Bittensor/TAO ecosystem called @tas_financial. Twitter bio states “Experimental Token Standards on the TAO Bittensor Network”. Followed by 16 of our mutuals. h/t @thealphadigest:
-New project called @HiveNetworkAI. Twitter bio states “Decentralized AI Agent Network || Built by @tuvanalabs”. Followed by 5 of our mutuals. h/t @thealphadigest:
-Something new listed as a dex on Xai and Arbitrum called @kaleidocube_xyz has been added to @DefiLlama. Twitter bio states “Dive into KaleidoCube on @XAI_Games, a L3 of @Arbitrum. Explore NFT, gaming and DeFi in one ecosystem. FIRST DEX on XAI...” Followed by 1 of our mutuals.
-Merlin chain dex @MerlinSwap has been added to @DefiLlama. Twitter bio states “The first Liquidity Hub for trading on Merlin”. Followed by 8 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 @spreekaway:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama ($1M+ TVL, no-IL, single-exposure 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)
-Prices continue to surge, and $BTC has now gone up more than 50% without a single drawdown of more than 5%, h/t @DaanCrypto:
-US GDP comes in at 3.2% for Q4, h/t @KobeissiLetter:
-Outsized spike in $SOL getting lots of attention, h/t @DegenerateNews:
-@marginfi announces their new stablecoin $YBX:
-@Blast_L2 is launching today, good thread on them from @ahboyash:
-First liquid exposure to EigenLayer ($KEP from @KelpDAO) is now live, h/t @CryptMoose_:
-Coinbase app store ranking spikes up to #174, h/t @Dogetoshi:
-Marathon Digital to apparently launch their own Bitcoin L2, h/t @0xjaypeg:
-Important update for Gemini Earn customers, h/t @JSeyff:
-New thread + report + video interview with @monad_xyz from @ReveloIntel:
-@friendtech points/airdrop starting to generate lots of attention, h/t @DrJones0305:
-Good deep-dive into the newly-released Satoshi emails c/o @bensig:
-Bitcoin back among top 10 assets by market cap worldwide, within close sight of silver in the #8 spot too, h/t @CryptoKoryo:
-Good new @0xResearch roundtable discussing AI sector, Ordinals, Blast, and a number of other topics:
-New crypto/macro livestream c/o @noahseidman:
-New a16z interview with Chris Dixon on future of AI + crypto + else:
-Latest daily airdrops update from @KryptoCove:
-Parting thoughts from resident permabull @RaoulGMI:
Conclusion
Happy Thursday friends! Stay alert 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.