Happy Wednesday friends! Big day today let’s dive in!
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: $1,935.20
Oil (WTI): $74.72
Stocks (from:@News4Moves):
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
@staderlabs_eth mainnet launch is making waves!
As background, @staderlabs_eth is a new LSDfi protocol we’ve been helping raise awareness about!
They just launched on ETH Mainnet with staking for their LST $ETHx - “a liquid staking token designed to maximize rewards while securing Ethereum”- and are providing early stakers a number of incentives!
Make sure to visit their site and follow them on Twitter for more updates!
Here is a recent tweet about them from @phtevenstrong:
Biggest TVL Movers + Else
Chains are mostly green today. Top 50 chains up at least 25% on the monthly include Cardano (#16), Polygon zkEVM (#39), Stacks (#40), Conflux (#42), Parallel (#43), and Neutron (#49).
Protocols are mostly green today as well. Top 100 protocols up at least 50% on the monthly include Marinade Finance (#50), Origin Defi (#71), Swell (#90), and Mux Protocol (#99).
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!)
-Something new called @RosenBridge_erg. Twitter bio states “The Rosen Bridge is an "Ergocentric" framework for cross-chain settlement.” h/t @sigmaverse_ergo:
-New Aptos + Sui lending protocol called @FentureFinance. Twitter bio states “AI DeFi Asset Management on Sui & Aptos. Dual Token system that solve liquidity issues on Move.”
-New project called @gondixyz. Twitter bio states “The most innovative NFT lending protocol. Get cheaper, faster loans at more flexible terms and avoid painful liquidations.”
-A new protocol called @aeriecoin has been added to @DefiLlama and is listed as a dex on ETH Mainnet. No Twitter bio or DefiLlama description though.
-Previously-mentioned @bemo_finance has been added to @DefiLlama. Twitter bio states “The first liquid staking protocol on the #TON blockchain. $stTON”.
-Previously-mentioned @_zkSwap has been added to @DefiLlama. Twitter bio states “First Concentrated Liquidity DEX on zkSync Era @zksync...”
-Something new on ‘Tenet’ chain has been added to @DefiLlama called @Tendieswap. Twitter bio states “Launching the first Defi Hub on Tenet @tenet_org! Our goal is to be the main Defi hub on Tenet offering projects tools to bootstrap liquidity.”
Security Alerts
-@peckshield released the following alert re: @Platypusdefi:
-@Rodeo_Finance released a tweet directed at the exploiter and a post-mortem (see second tweet below for link) regarding the exploit that affected them yesterday (again, this is the @Rodeo_Finance we’ve been helping via the Spotlight section so will continue providing as many updates as possible on the situation):
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (minimum $5M+ 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)
Other News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-Newest CPI (inflation) print comes out today in US:
-Regarding inflation, the following chart from a recent Bank of America report is getting a lot of attention:
-Coinbase stock continues to surge in price and generate intense discussion, h/t @DeFiMann, @blknoiz06, @DegenSpartan, and @fejau_inc:
-The SDNY US Attorney’s Office charged an exploiter of a Solana protocol with wire fraud yesterday, generating lots of attention. Here’s an excellent thread on it from @Orlando_btc:
-Algorand’s largest defi protocol, Algofi, will apparently be shutting down, h/t @Unchained_pod:
-Apparently unprecedented short interest in bonds right now, h/t @RaoulGMI:
-Interesting tweet re: Filecoin c/o @chasedevens:
-Major unlock of Aptos today, c/o @dunleavy89:
-Telegram-based trading continuing to gain traction, h/t @gmdSaul:
-Interesting thoughts on @MakerDAO/RWA/cycles/etc from @santiagoroel:
-Interesting stat re: US real estate c/o @unusual_whales:
-Good thread on Mantle Network, a new L2 we’ve been seeing pop up in conversation a lot lately, from @sandraaleow:
-Good chart of past Bitcoin halvenings from excellent thread from @Louround_:
-New interview with macro expert @lukegromen from Palisades Gold Radio:
-@theempirepod released a new interview with Compound founder @rleshner:
-New interview from @Searley1 with tradfi investing gigabrain @hkuppy (click below tweet for link to it):
-@thebellcurvepod released a new interview with @hasufl:
-Parting wisdom c/o @LomahCrypto c/o @QuotableCrypto:
Conclusion
Happy Wednesday friends and stay alert out there!
And please RT/subscribe/etc if you found this valuable! :)
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***Note On Material: The ‘Spotlight’ section is the only part of The Daily Degen that is 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.