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 @CryptoBubbles):
Gold: $2029.63
Oil (WTI): $73.41
US 10Y Treasury: 4.13%
Stocks ($SPY as proxy): +1.25%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Lots going on with the good cowboys over at @Rodeo_Finance!
Once again, Rodeo is a leveraged yield project we’ve been helping spread the word about that is building on top of all the top Arbitrum defi protocols and should appeal to all the yield maximalists out there :)
They just released an extremely well-written and extremely thorough article auditing their journey through 2023, going over their plans for 2024, and also offering a number of very solid observations re: the crypto space and Arbitrum ecosystem as it stands today.
You can check it out by clicking here or on the screenshot below, and make sure to follow them on Twitter for more updates as well!
Biggest TVL Movers + Else
Chains are mostly red again today. Top 50 chains up at least 50% on the monthly include PulseChain (#9), Manta (#10), Sui (#13), Aptos (#25), Metis (#35), Tezos (#40), ICP (#42), and Injective (#47).
Protocols are very red today. Protocols with at least $10M TVL up at least 10% on the daily include Parallel Super App, ZeroLend, The Ennead Farm, W3 Foundation, Tonstakers, Deri, and Flux Finance.
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 @TriDigGroup. Twitter bio states “Digital Asset Solutions provider with 4 main verticals: Lending Conduit, Secured Yield, Stablecoin Adoption & Growth, and Bespoke Solutions. WATCH THIS SPACE!” Followed by 14 of our mutuals. h/t @boz_menzalji:
-Something new called @asteroidxyz. Twitter bio states “Unleashing inscriptions & CFT-20 fungible tokens on @cosmoshub. Open source, unaudited, radically experimental ☄️ Inscribe or die ☠️”. Followed by 37 of our mutuals.
-Newish Sui synthetics project called @sudofinance has been added to @DefiLlama. Twitter bio states “The first decentralized real-world synthetic asset trading platform on #Sui #RWA”. Followed by 2 of our mutuals.
-New Zkfair dex @zkfairswapdex has been added to @DefiLlama. Twitter bio states “ZKFairSwap is the multichain on ZKFair Chain, Ethereum, Aptos, Polygon zkEVM, zkSync Era, Arbitrum, Linea, Base, and opBNB”. Not followed by any of our mutuals.
-New Manta dex @circlepacificEN has been added to @DefiLlama. Twitter bio states “New generation yield farming powered by #MantaPacific 🟣” Not followed by any 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 (all types, $1M+ TVL) 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)
-Manta airdrop generating much discussion, h/t @DLNewsInfo:
-S&P 500 hits new all-time high, h/t @JackFarley96:
-Interesting nuance re: stonk indices though, h/t @jasongoepfert:
-Update on ETF numbers c/o @TardFiWhale:
-Market thoughts from @qthomp:
-Fascinating stat that a higher % of Gen Z in the US owns crypto than stocks or mutual funds, h/t @dunleavy89:
-Interesting @MetaMask announcement re: in-wallet validator staking:
-Latest real-time inflation numbers for US and UK from Chainlink-powered @truflation:
-@friendtech has seen significant downshift in transaction count, h/t @CryptoKoryo:
-Interesting airdrop/research/strategy alfa from @zerototom:
-@berachain continues to generate excitement, with Rabby now adding support for its testnet, h/t @aibra:
-Fascinating interview from Steady Lads podcast with Chris Amani @fleece_cannon CEO of Terra on the rise and full of LUNA/UST/Do Kwon/etc and his experience of it firsthand:
-Latest airdrops video from Crypto Kove (note: we don’t know if this gent has a Twitter account but he puts out a lot of good YouTube videos on defi-related topics:
-New interview with Eric Balchunas and Matt Hougan on everything Bitcoin ETF’s from @theempirepod:
-Newest crypto + macro livestream from @noahseidman:
-New macro interview with @BiancoResearch from @menlobear:
-Parting thoughts from @TaikiMaeda2:
Conclusion
Happy Saturday friends! Stay alert out there and don’t forget to touch some grass this weekend!
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.