Happy Saturday friends! Lots of interesting stuff going on today!
Stats/alerts/etc at top and tweets/news/links/videos/etc at bottom as always!
Market Update
Crypto:
Gold: $1,864.30
Oil (WTI): $73.39
Stocks:
Biggest Price Movers
(From @coingecko top 1000)
Spotlight
@NestedFi is our official sponsor for the month of February! They are a new Social Trading protocol which lets users create portfolios and copy-trade other portfolios on ETH Mainnet, Arbitrum, Polygon, Avalanche, Optimism, and BSC…
Nested allows for non-KYC fiat-onboarding through their integration with Mt Pelerin, as well as easy automatic dca’ing!
Biggest TVL Movers
Chains are mostly green today. Some notables include Canto (#16) at +38.32% on the weekly, Cardano (#24) at +26.24% on the weekly, and Acala (#36) at -17.18% on the weekly.
Protocols are mixed today. Some notables include Synapse (#43) at +17.12% on the weekly, Velodrome (#55) at +15.32% on the weekly, Spookyswap (#59) at +46.93% on the monthly, Canto Dex (#66) at +37.14% on the weekly, and Keep3r Network at -50.94% on the weekly.
Here’s The Top 12 Chains By TVL (from @DefiLlama):
Here’s The Top 12 Protocols By TVL (from @DefiLlama):
Other Data Points
Bitcoin Fear/Greed Index:
(from @BitcoinFear)
Ethereum Fear And Greed Index
(from @EthereumFear):
Crypto Volatility Index
(from @CVIdaily)
New Protocols
(note: this includes new protocols we find through combing Twitter each day, and we also include every (newly launched) protocol added by @defillama and @debank (excluding Tomb forks/reflection tokens/etc) - hence disclaimer: these are not pre-vetted by us so make sure to DYOR!)
-Something called @ProjectLendX on Arbitrum. Twitter bio states “The future of decentralized lending. Coming soon.”
-New protocol called @EthosReserve. Twitter bio states “The next generation of stable assets, coming in February 2023. Powered by $OATH.” h/t @crypto_linn:
-New protocol called @rehold_io on BSC has been added to @DefiLlama. Description reads “ReHold is an innovative platform that offers the first Dual investments in DeFi. High APRs are accessible due to Uniswap V3 Liquidity Pools with an effective price range for concentrated liquidity…”
-New yield farm on BSC called @NarutoDefi. Twitter bio states “Decentralized Finance project built on Binance Smart Chain”. h/t @ApeOClock:
Security Alerts
-@peckshield released the following alert:
-Weekly update from @CertiKAlert:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (minimum $1M+ TVL, no-IL, and single-exposure filters) and @stable_fish - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Other News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-Summary of today’s macro data from @arndxt_xo and @0xHamz:
-Visual on January pump from @markjeffrey:
-Interesting tweet from @crypto_condom:
-Some interesting macro charts from @charliebilello:
-Banger from @ChristopherIach:
-Very interesting story if accurate:
-Very thorough thread with stats and info on all the top LSD narrative protocols by @COIN360com:
-Bullish $ETH sentiments from @NorthRockLP:
-@BanklessHQ released their weekly roll-up going over several dozen different top defi + macro stories:
-Excellent new livestream from @noahseidman on current macro + crypto landscape:
-@RaoulGMI released an hour-long AMA on his current outlook on macro + crypto on @RealVision:
-Parting sentiments from @fejau_inc:
Conclusion
Have a great Saturday friends and don’t forget to touch some grass this weekend!
And please RT/follow/etc if you found this valuable! :)
-
Note
If you trade using GMX we’d be honored if you use our referral link to help support The Daily Degen! It will also provide you 10% off your trading fees :)