The Daily Degen - January 29th, 2023
All of today's news/data/alerts...
Happy Sunday friends! Lots of interesting stuff going on today!
Stats/alerts/etc at top and tweets/news/links/videos/etc at bottom as always!
Market Update
Crypto:
Gold: $1,927.50
Oil (WTI): $79.68
Stocks: N/A
Biggest Price Movers
(From @coingecko top 1000)
Spotlight
We are helping @NeutraFinance raise awareness about their new launch on Arbitrum!
Neutra has built a delta-neutral GLP strategy utilizing @GMX_IO, as well as a ‘RealYield’ focused tokenomics setup, and just completed their launch last week!
Learn more via their Twitter account or check out the thread they released below:
Biggest TVL Movers
Chains are mixed today. Fastest growing chains on the weekly with at least $1M TVL include Conflux at $6.5M TVL and +27.74%, Canto at $117.5M TVL and +23.47%, Kadena at $4.5M TVL and +22.06%, and Ultra at $7.9M TVL and +21.46%.
Protocols are mostly green today. Fastest growing protocols on the weekly with at least $1M TVL include Timeless (on multiple chains) at +2,089%, LeonicornSwap (on BSC) at +1,860%, Ipor (on ETH Mainnet) at +329%, and Echidna Finance (on Avalanche) at +154%.
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 Stablecoins By Market Cap (from @coingecko):
Other Data Points
Bitcoin Fear/Greed Index:
(from @BitcoinFear)
Ethereum Fear And Greed Index
(from @EthereumFear):
Crypto Volatility Index
(from @CVIdaily)
New Protocols
(note: this includes new protocols we find through combing Twitter each day, and we also include every (newly launched) protocol added by @defillama and @debank (excluding Tomb forks/reflection tokens/etc) - hence disclaimer: these are not pre-vetted by us so make sure to DYOR!)
-New protocol called @InterportFi. Twitter bio states “Interchain swaps are now available via automated cross-chain price aggregation and routing. Trade interchain in one simple transaction at the best rate!”
-Something new on BSC called @Vertek_Dex. No Twitter bio just links.
-New project called @VestExchange. Twitter bio states “Built by @vestlabs. Perps trading on almost any asset you can think of.”
-New project called @DoveProtocol. Twitter bio states “Unified liquidity, accessible anywhere.”
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (minimum $1M+ TVL, single-exposure, and no-IL filters) and @stable_fish - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Other News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-Breakdown of the week ahead:
-Interesting $BTC chart from @WClementeIII:
-Few interesting tweets re: inflation:
-$WBTC depeg earthquake on @y2kfinance:
-A couple interesting charts re: demographics and debt:
-Potentially bullish sentiments from @noahseidman:
-Interesting data re: cex’s from @nansen_ai:
-$LUSD now available for bridging to Arbitrum and Optimism + yield farming on @StargateFinance. H/t @TokenBrice:
-Very interesting thread re: @GMX_IO from @0xrelied:
-Interesting chart re: Europe + $EUR:
-Fascinating thread from @burstingbagel:
-@Blockworks_ released their Weekly Round Up video featuring @MikeIppolito_ and @MarkYusko, discussing macro + crypto:
-Parting wisdom from @govanisher:
Conclusion
Have a great Sunday friends!
And please RT/follow/etc if you found this valuable! :)
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Note
Our official sponsor for the month of January is @NestedFi- a new Social Trading protocol- which lets users create portfolios (and copy-trade other traders) on all the main EVM chains!
@NestedFi also allows for easy dca’ing, as well as non-kyc’d fiat-onboarding through their integration with Mt Pelerin!
Here’s a new thread on them from @korpi87:
