Happy Sunday friends! Lots of stuff going on and another big week ahead of us!
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): N/A
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
ETH and ETH Beta season is heating up and spiking volumes for @muxprotocol!
Right now we see:
- All eyes on the (presumed) ETH ETF’s coming this spring…
- ETH Beta plays in the spotlight such as ARB, BLUR, LDO, and OP…
- ARB hitting all-time high’s making STIP incentives even more pronounced…
With this being the case, traders are flocking to @muxprotocol- the ‘1Inch of perps’ - who are utilizing the 6M ARB grant they received to reduce trading fees to zero(!), as are yield maximalists taking advantage of the ‘RealYield’ paid in ETH to MUXLP and veMUX holders…
We’ve been helping raise awareness about everything Mux is up to as of late, so make sure to check out their site and follow them on Twitter for more updates!
Biggest TVL Movers + Else
Chains are mixed today. Biggest gainer on the daily among top 50 chains is Astar (#35) at +8.68%.
Protocols are mostly green today. Biggest gainer on the daily among top 50 protocols is etherfi (#46) at +6.20%.
Here’s The Top 12 Fastest-Growing Chains By TVL On The Monthly (from @DefiLlama):
Here’s The Top 12 Fastest-Growing Protocols By TVL On The Monthly (from @DefiLlama - note: this one has a TVL filter so only includes protocols with at least $1M TVL):
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!)
-New project called @SatsBridge_io. Twitter bio states “Bridging Inscriptions/BRC20 on multiple chains…” Followed by 8 of our mutuals. h/t @CryptoGrills:
-New project called @Satodrome. Twitter bio states “1st veDEX on #SatoshiVM | The Native Liquidity Layer on @SatoshiVM”. Followed by 3 of our mutuals. h/t @twindoges:
-Something new called @FipeFinance. Twitter bio states “The first-ever RWA DeFi lending protocol”. Followed by 3 of our mutuals. h/t @twindoges:
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!
-Trezor-related security alert from @WuBlockchain:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (all types, $10M+ 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)
-Ordinals are now one year old, h/t @redphonecrypto and @rodarmor:
-Lack of weekend volume/volatility getting a lot of attention since ETF launches, h/t @ThinkingUSD:
-Watchlist for the week ahead c/o @TheDeFinvestor:
-@truflation falls below 2% for the first time:
-The ‘Airdrop Meta’ has reached Reddit, h/t @0xnouveau:
-EigenLayer restaking TVL continues to increase, h/t @tomwanhh:
-Crypto legend @cobie’s new (unknown) project getting lots of attention:
-Solana stablecoin volumes continuing to surge, h/t @Dynamo_Patrick:
-Latest NFT news from @Tyler_Did_It:
-Market thoughts from @0xjaypeg:
-Weekly macro overview from @FedGuy12 Joseph Wang;
-New crypto roundtable from @thebellcurvepod featuring @MikeIppolito_, @im_manderson, and @pythianism:
-New discussion with @LynAldenContact from @Blue_CollarBTC on the Bitcoin ETF’s + macro + else:
-Some old @DegenSpartan alfa c/o @marcusmoles:
-Related parting wisdom c/o @NikAlgo c/o @QuotableCrypto:
Conclusion
Happy Sunday good degens!
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.