Happy Monday friends! Big week ahead of us! Let’s go!!!
Stats/alerts/etc at top and tweets/news/links/videos/etc at bottom!
[Note: As always all tweets are hyperlinked so just click on them to pull them up on Twitter!]
Market Update
Crypto (from @cryptobubbles24):
Gold: $1,924.10
Oil (WTI): $73.39
Stocks (from:@News4Moves): N/A
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Silent Protocol @silentdao_ is a very cool new privacy-focused project with some extremely ambitious plans!
Rather than a standalone chain or a mixer, the idea is to create a composable encryption layer that allows privacy preservation within the EVM itself, allowing users to interact with defi protocols anonymously on a variety of different chains.
Our esteemed editor @rektdiomedes has been helping @silentdao_ with some drum banging, so make sure to follow them on Twitter for more updates as they continue building towards launch!
Biggest TVL Movers + Else
Chains are mostly red today. Top 50 chains up more than 15% on the monthly include zkSync Era (#15), Polygon zkEVM (#38), Stacks (#40), and Neutron (#49). Top 50 chains down more than 15% on the monthly include Fantom (#18), Klaytn (#20), Ronin (#25), Algorand (#26), Canto (#31), Neo (#37), OKTChain (#39), Parallel (#42), Acala (#43), and Telos (#44).
Protocols are very red today. Top 200 protocols up at least 50% on the monthly include Lybra Finance (#27), Origin Defi (#81), Mux Protocol (#100), Maverick (#101), Equilibria (#152), Spark (#188), and Kieva Farm (#198).
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 Chains By 7 Day Stablecoin Inflow % (from @DefiLlama):
Other Data Points
Bitcoin Fear/Greed Index:
(from @BitcoinFear)
Ethereum Fear And Greed Index
(from @EthereumFear):
Fee Generation:
(from cryptofees(dot)info)
New Protocols
(note: this includes new defi protocols 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 @SideProtocol. Twitter bio states “Mesh Liquidity for Decentralized Finance”.
-New Arbitrum project called @HarvestProtocol. Twitter bio states “HarvestFi is an incentivised liquidity farm protocol with big plans. Keep an eye out. Launching 21st July on Arbitrum.” h/t @CryptoMalfoy_:
Top Stablecoin Yields
-@RevokeCash issued an important alert (is actually a thread so click below to read whole thing):
-@ArcadiaFi was apparently hacked today:
-Update on the PolyNetwork exploit from @PeckShieldAlert:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (all types, minimum $1M+ TVL) 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)
-Look at the week ahead in macro from @KobeissiLetter:
-Info on inflation expectations re: Wednesday’s CPI print, c/o @tedtalksmacro:
-Implied volatility on $BTC and $ETH options apparently at the lowest point in over 3 years, h/t @_FabianHD:
-Good stats from @tomwanhh on ongoing Voyager withdrawals:
-Baby-Boomers in the US now apparently make up 39% of home buyers:
-Lots of reports of major price variance on Binance US as its regulatory woes/wind-down/etc continue (note: have seen some stuff about same issue with regular Binance but haven’t confirmed):
-Some good data on NFT mints from @nansen_ai:
-Interesting article on inflation from “Fed Whisperer” @NickTimiraos:
-Related interesting chart showing US rental disinflation:
-Macro thoughts from @RaoulGMI:
-General investing wisdom from @DeFiMann:
-Interesting article from @AlexOttaBTC on the flurry of positive mainstream articles on Bitcoin and specifically Bitcoin mining this last week:
-General life and investing wisdom c/o @Crypto_McKenna:
-Interesting macro roundtable discussion featuring Brent Johnson @santiagoaufund, Mike Green @profplum99, and several others:
-Parting wisdom from @santiagoroel:
Conclusion
Happy Monday friends and stay alert out there this week!
And please RT/subscribe/etc if you found this valuable! :)
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Note
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***Note On Material: The ‘Spotlight’ and ‘Note’ sections 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.