Happy Sunday good degens! Lots of stuff going on!
Let’s dive in!
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: $3.75T
Gold: $2775.00
Oil (WTI): $74.66
US 10Y Treasury: 4.617%
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 mixed today. Fastest-growing chains on the weekly with at least $50M TVL are Sophon, Verus, and PulseChain.
Protocols are also mixed today. Fastest-growing protocols with at least $50M TVL are Verus dex Verus Market, multichain lending protocol Sumer(dot)Money, multichain derivatives protocol KiloEx, PulseChain dex PulseX, and multichain EVM lending protocol Silo Finance.
Here’s The Top 12 Chains By TVL (from @DefiLlama):
Here’s The Top 12 Protocols By TVL (from @DefiLlama):
Here’s The Top Entities By 24 Hour Fee Generation (from @DefiLlama):
Here’s The Top Chains By 7 Day Stablecoin Inflow % (from @DefiLlama):
Bitcoin Fear/Greed Index:
(from @BitcoinFear)
Chart Of The Day
(Courtesy of our Official Sponsor @vertex_protocol)
-$ADA is currently around the $1 mark - significantly below its high of $3 from last cycle… Do you think the ‘return of retail’ could push it up to new all-time high’s??? Express your thesis via spot or leverage now with Vertex and access 60+ 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 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 @eth_strategy. Twitter bio states “busy saving ethereum. turn on notifications.” Followed by 69 of our mutuals. h/t @CloutedMind:
-New dex on Artela chain called @artexswap has been added to @DefiLlama. Twitter bio states “The Leading Native @Artela_Network DEX Powered by #Artela EVM++.” Followed by 1 of our mutuals.
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (all types, $1M+ TVL) - 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
-Next FOMC Meeting (Fed interest rate decision) is coming up this Wednesday, h/t @KobeissiLetter:
-Bitcoin TA from @DaanCrypto:
-Defi headlines c/o @TheDeFinvestor:
-February is historically a bullish month for $BTC, h/t @NPC_68:
-A number of new SocialFi and similar apps popping up, h/t @DeFiIgnas:
-Lots of excitement about $TAO/Bittensor as DynamicTao and other advances heat up, h/t @BarrySilbert:
-Continued excitement about AI and OpenSource technology in general following release of DeepSeek this week, h/t @iamDCinvestor:
-Thoughts on new SocialFi project @tribedotrun from @KryptoCove:
-Some interesting rabbit hole maxing from @0xMughal, on @JupiterExchange success, tribedotrun, launch of Abstract Chain, some new defi stuff, and more:
-Cycle thoughts from @DaanCrypto:
-AI thoughts from @notthreadguy:
-New roundtable discussion from the @0xSteadyLads podcast with guest @QwQiao:
-New weekly macro overview from Joseph Wang @FedGuy12:
-2024 performance review and thoughts from CT commentator and trader @docXBT:
-New Eclipse airdrop tutorial from @KryptoCove:
-New @MilkRoadDaily interview with Bitwise’s @RasterlyRock and @MattHougan:
-Parting thoughts from @Jihoz_Axie:
Conclusion
Have a great Sunday friends and stay hypervigilant out there!
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.