The Daily Degen- February 8th, 2024
All of today's news/data/alerts...
Happy Thursday lads and ladettes! The excitement continues!
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: $2023.60
Oil (WTI): $74.83
US 10Y Treasury: 4.139%
Stocks ($SPY as proxy): +0.83%
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 very green today. Top 30 chains up at least 10% on the weekly include ETH Mainnet (#1), Sui (#9), Aptos (#19), Mantle (#22), and Celo (#25).
Protocols are also quite green today. Protocols with at least $50M TVL up at least 100% on the weekly include Algorand dex Humble Defi, ETH Mainnet liquid restaking protocol Puffer Finance, EigenLayer, and non-categorized multichain protocol Bedrock.
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 Revenue Generation (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!)
-Something new called @Ordibank. Twitter bio states “A Bitcoin L1 Money Market Protocol for BRC-20 & Atomical Token Standards, facilitating seamless Borrowing/Lending.” Followed by 14 of our mutuals. h/t @twindoges:
-New project called @Amplifiedfi. Twitter bio states “Amplified is a LSD Re-Staking and Redistribution platform designed to combat centralization and supercharge yields for LPs. Building on @eigenlayer”. Followed by 6 of our mutuals. h/t @twindoges:
-Something new called @RedoFinance. Twitter bio states “RedoFinance - The new chapter in DeFi 🚀 Building industry's best modular liquid restaking protocol, Powered by EigenLayer ❤️”. Followed by 4 of our mutuals. h/t @twindoges:
-A new dex on upcoming ETH L2 Mode Network called @SwapModeFi has been added to @DefiLlama. Twitter bio states “The Native Liquidity Layer on @modenetwork 🟡 Farms LIVE - $SMD”. Followed by 7 of our mutuals.
-New Injective yield aggregator called @helloninjavault has been added to @DefiLlama. Twitter bio states “Enabling users to monitor and manage their crypto holdings on @Injective_ Vaults that maximise your staked holdings”. Followed by 3 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!
-No security alerts today.
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama ($1M+ 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)
-Wormhole announcement has catapulted it into view as the next big airdrop many are focused on, h/t @ayyyeandy:
-ERC404 narrative exploding, h/t @nay_gmi:
-Narrative overview alfa c/o @thedefivillain:
-Interesting developments in world of Bitcoin ETF’s, h/t @hansolar21:
-Sui continuing to gain attention + TVL, h/t @MikeIppolito_:
-New ETH L2 Mantle also generating lots of buzz, h/t @alpha_pls:
-Interesting story from Thailand, h/t @hosseeb and @WuBlockchain:
-@fraxfinance’s Fraxtal Chain is getting ready to launch, generating much attention, with a variety of new details just announced, h/t @0xCha0s:
-Airdrop-alfa from @0xWelfare:
-Airdrop-alfa from @faycytw:
-@fejau_inc on fiscal dominance/fatalistic-bullishness:
-New interview with macro/crypto expert @travis_kling from @Blockworks_:
-Excellent new video from @0xMughal on new ETH L2 @modenetwork:
-New video on the restaking/EigenLayer craze from @BanklessHQ:
-More good airdrop-alfa from @KryptoCove:
-New macro video from @LukeGromen:
-Parting wisdom from @wronguser000:
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.