Happy Tuesday friends! Quite the price action we’re seeing!
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: $2024.33
Oil (WTI): $74.11
US 10Y Treasury: 4.13%
Stocks ($SPY as proxy): +0.21%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Take note good anon… the gents at @Rodeo_Finance are delivering with the Cowboy x Blueberry crossover action!
Their @GMX_IO grant ARB incentives are live and they have some yield opportunities that all good farmers should take note of (see tweet below!)…
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…
They also just released an extremely well-written and extremely thorough article auditing their journey through 2023, going over their plans for 2024, and offering a number of very solid observations regarding the crypto space and Arbitrum ecosystem as it stands today, so make sure to check it out as well by clicking here!
Biggest TVL Movers + Else
Chains are very red yet again today. Only top 50 chains that are green on the daily are Manta (#8), Aptos (#22), Mantle (#23), and Pego (#48).
Protocols are also very red. Only top 100 protocols up at least 5% on the daily are Curve Finance (#9), LayerBank (#45), Thala (#97), and Flexa (#100).
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 Fee 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 protocol called @Eigenpiexyz_io from our friends at @magpiexyz_io. Twitter bio states “Eigenpie is a Liquid Restaking SubDAO created by @magpiexyz_io using the infrastructure of @eigenlayer.” Followed by 44 of our mutuals.
-Something new called @variational_io. Twitter bio states “Safely trade bilateral derivatives on any token.” Followed by 6 of our mutuals. h/t @thealphadigest:
-New project being built on @Blast_L2 called @RiskOnBlast. Twitter bio states “A decentralized betting platform coming @Blast_L2”. Followed by 10 of our mutuals. h/t @thealphadigest:
-New protocol being built on @berachain called @Moniswap_. Twitter bio states “The central hub for trading and liquidity marketplace on 🐻⛓️ Berachain”. Followed by 3 of our mutuals. h/t @thealphadigest:
-Something new on Avalanche called @sheepdotmoney. Twitter bio states “An innovative DeFi yield farm for degens on Avax 🐑 🔺 Launching soon 🔜” Followed by 3 of our mutuals. h/t @thealphadigest:
-New project being built on @Blast_L2 called @CyberFinance__. Twitter bio states “Cyberfin is the first and the best derivative protocol on @Blast_L2”. Followed by 11 of our mutuals. h/t @CryptoNikyous:
-Brand new project that just popped up on Twitter called @rune_coin. No Twitter bio however is followed by 24 of our mutuals already. h/t @AresLabs_xyz:
-Something new called @SatoshiBEVM. Twitter bio states “Elevating Bitcoin's utility by being the first to integrate a stablecoin. 1st stablecoin $SAT on bitcoin backed by @BTClayer2 #BTC”. Followed by 3 of our mutuals. h/t @AresLabs_xyz:
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!
-Latest info on @ConcentricFi exploit yesterday:
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)
-The ongoing dip has started dipping even harder:
-News that the FTX estate has accounted for a significant amount of the Grayscale ETF selling generating discussion:
-@Rabby_io wallet announces points program, h/t @alpha_pls:
-More info on upcoming @alt_layer airdrop, c/o @wronguser000:
-Tokens $OKB and $ONDO both had sudden drops over last 24 hours, h/t @WuBlockchain:
-Potential China stock market rescue plan/bailout generating lots of discussion in macro circles, h/t @JackFarley96:
-Ethereum privacy protocol @nocturne_xyz announced they are shutting down, with team apparently pivoting in new direction and building something different instead. Click to read rest of the thread for info on timeline/withdrawals/etc:
-India appears poised to overtake Hong Kong to become 4th largest stock market in the world, after US, China, and Japan - h/t @DavidInglesTV:
-New article analyzing health of the Bitcoin network from @LynAldenContact:
-Good thread of market analysis + TA from @hmalviya9:
-Insightful sentiments c/o @CoinGurruu:
-Overview of latest crypto news from @coinbureau:
-New crypto + macro livestream from @noahseidman:
-Parting wisdom from @crypthoem:
Conclusion
Happy Tuesday degens! Let’s keep hard at it!
And please RT/subscribe/etc if you found this valuable!
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Note
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 to say the least!
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!
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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.