Happy Saturday friends! Let’s get after it!
As always… 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):
Total Crypto Market Cap: $3.44T
Gold: $2717.40
Oil (WTI): $76.57
US 10Y Treasury: 4.763%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
The team at @silentdao_ continues building hard to create the premier middleware privacy infrastructure for defi!
To quote their new article:
“Our vision is to enable a secure, anonymous, computational access layer.
And this is made up of two components:
-A secure value transfer layer
-An architecture that enables us to interact with an application privately”
Learn more from their new article by clicking below and make sure to follow them on Twitter for more updates!
Biggest TVL Movers + Else
Chains are very red today. Only top 50 chains green on the weekly are Bitlayer (#21), ZKsync Era (#34), and Sonic (#49).
Protocols are also quite red. Only top 50 protocols green on the weekly are Pendle (#11), Morpho (#12), Avalon Labs (#23), Binance Staked SOL (#32), DeSyn Protocol (#38), StakeStone (#46), and Tether Gold (#49).
Here’s The Top 12 Fastest-Growing Chains By TVL On The Weekly With At Least $1M TVL (from @DefiLlama):
Here’s The Top 12 Fastest-Growing Protocols By TVL On The Weekly With At Least $1M TVL (from @DefiLlama):
Here’s The Top Entities By 24 Hour Revenue Generation (from @DefiLlama):
Bitcoin Fear/Greed Index:
(from @BitcoinFear)
Chart Of The Day
(Courtesy of our Official Sponsor @vertex_protocol)
-$XRP has been generating increased attention as of late… and outperforming much of the top 100 as well… Do you think it is a good candidate to long or is it overbought??? Express your thesis via spot or leverage now with Vertex and access 50+ other markets as well at app.vertexprotocol.com!
New Projects
(note: this includes new projects we find through combing Twitter each day, and we also include or re-include every newly launched protocol added by @DefiLlama that has at least some TVL or is followed by at least some of our mutuals - hence disclaimer: these are not pre-vetted by us so make sure to DYOR!)
-Something new called @aicceleratedao. Twitter bio states “Investment & Development DAO. Accelerating Crypto x AI: The Multi-Ecosystem Crypto x AI Index.” Followed by 153 of our mutuals.
-Something new called @twynexyz. Twitter bio states “ReThink, ReDefine, ReLend: Optimizing Lending Markets with Crypto’s Credit Desk / More info coming soon - until then, stay twyned!” Followed by 3 of our mutuals. h/t @AresLabs_xyz:
-New project called @perpltrade. Twitter bio states “Trade on Monad's native pricing engine.” Followed by 20 of our mutuals. h/t @AresLabs_xyz:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (all types, $1M+ TVL only) - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Security Alerts
-No security alerts today.
Important News And Analysis
-Increasing focus on impending potential TikTok ban, h/t @zerohedge:
-Crypto fundraising numbers still far below high’s from last cycle:
-Launch of above-noted @aicceleratedao generating much debate on the TL:
-Continued focus on the Fed, with Goldman projecting only two interest rate cuts in 2025 (was previously three), h/t @zerohedge:
-Crypto-AI check-in from @Tyler_Did_It:
-Ticker thoughts from @Cryptopleb4:
-’DeFAI’ meta and overlapping Dani Sesta comeback arc continue to generate attention:
-Thoughts from the trenches, h/t @cryptoklotz and @jeetsbyNav:
-Additional trading thoughts from @cited:
-Interesting thoughts on AI and the online economy from @BackTheBunny:
-Macro take from @krugermacro:
-New interview with popular macro/crypto twitter poster @billbarX from @pahueg:
-New video from @Blockworks_ on the macro:
-New video from @theempirepod:
-New video from @Unchained_pod interviewing @Travis_Kling:
-New All-In podcast:
-New episode of NFA Live:
-Parting wisdom from @0xpratik:
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’ and ‘Note’ sections and info on our Official Monthly Sponsor @vertex_protocol 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.