Happy Friday degens! Quite a day yesterday!
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 @CryptoBubbles):
Gold: $1,955.90
Oil (WTI): $77.00
Stocks (from:@News4Moves):
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 extremely green today. Top 30 chains up at least 10% on the weekly include Pulse (#9), Solana (#11), Cardano (#14), Klaytn (#20), and EOS (#23).
Protocols are also very green today. Top 200 protocols up at least 50% on the weekly include BendDAO (#67), EigenLayer (#74), SpookySwap (#88), and Jito (#179).
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 Dex’ss By 7 Day Volume (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 @Arbot_money. Twitter bio states “Your cutting-edge DeFi sniper bot. Arbitrum Bots & Tools - Revenue Sharing”.
-New protocol called @AltitudeDeFi. Twitter bio states “Blue-chip asset bridge, powered by LayerZero. Public Testnet is now LIVE!”
-Something new called @FVM_Spex. Twitter bio states “SPex is a decentralized storage provider exchange platform on #Filecoin, the first-ever marketplace for SPs…”
-Something new called @OdinBtcfi. Twitter bio states “odinbtc is the first cross-chain protocol that supports ordinals…”
-Not a new protocol but seemed noteworthy so including… @bluechip_org - Twitter bio states “Bluechip is an independent, nonprofit stablecoin rating agency. CEO @levitben, Chief Economist @garettjones, Ratings Director @deathereum”. h/t @nic__carter and a bunch of others who mentioned it:
-Something new called @HydrogenDefi. Twitter bio states “A decentralized exchange designed for automated recurring buy low sell high trading strategies”. h/t @AresLabs_xyz:
-New protocol called @Blue__Spade has been added to @DefiLlama (listed as Derivatives protocol on Cronos and Polygon). Twitter bio states “Decentralized and non-custodial perpetual market on #CRO and #Polygon Chain with custom risk management and innovative LP solutions.”
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (all types, minimum $5M+ TVL) and @stable_fish - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Other News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-Ripple’s long-awaited win against the SEC dominated crypto headlines yesterday:
-$XRP unsurprisingly surged in price on the news, leapfrogging $USDC and $BNB to become the 4th largest token by market cap, h/t @CryptoBubbles:
-The rest of the crypto market also mooned in parallel:
-Celsius CEO Alex Mashinsky was arrested yesterday:
-Spot Bitcoin ETF apparently coming in Europe:
-High interest rates continuing to slowly increase size of US sovereign debt servicing:
-Upcoming chain alfa c/o @ahboyash:
-Excellent thread on the Ripple court decision from @Orlando_btc:
-Very good thread from @DeFiMann:
-Coinbase’s ETH L2 @BuildOnBase opening up mainnet to builders, h/t @nansen_ai:
-Sentiments c/o @Arthur_0x:
-Excellent new video from @TaikiMaeda2 following yesterday’s Ripple verdict:
-Another good new protocol breakdown from @Ceazor7, on Aperture Finance:
-Thoughts from @pythianism and @alpha_pls reflective of the day’s hopeful sentiments:
-Parting wisdom c/o @basedkarbon:
Conclusion
Happy Friday lads and ladettes! Enjoy the well-earned euphoric vibes!
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.