Happy Saturday friends! Another week in the books!
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: $1,954.30
Oil (WTI): $75.42
Stocks (from:@News4Moves):
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
The good gents at @pendle_fi keep building up a storm!
As you likely know by now, Pendle is an extremely cool yield/derivatives/LSD protocol… and we’ve been helping raise awareness about them since last November. They have been generating massive attention as a unique new defi primitive offering extremely interesting opportunities for investors, traders, and yield maximizoors…
They have been cooking up something new… so it might behoove wise frogs to keep an eye on them the next few days ;)
Make sure to follow them on Twitter and check out the mysterious video they just posted below!
Biggest TVL Movers + Else
Chains are mostly red today. Top 50 chains red on all three timelines (daily, weekly, monthly) include Fantom (#25), Waves (#29), Algorand (#33), Metis (#37), Telos (#46), and Heco (#48).
Protocols are mostly red today as well. Top 100 protocols red on all three timelines (daily, weekly, monthly) include MakerDAO (#3), Curve (#6), Beefy Finance (#37), Arrakis Finance (#42), Blur (#51), Ankr (#61), Katana Dex (#87), and Hop Protocol (#94).
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 NFT Platforms 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 - sorted by 7 day fees)
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 protocol called @Liquisfi. Twitter bio states “Boosted Yields on Bunni @timeless_fi 🐰🌊”.
-New protocol called @restakefi. Twitter bio states “Restake Finance - a New Era of Yield The first modular liquid restaking protocol, powered by EigenLayer.” h/t @twindoges:
-New protocol called @finance_hydro. Twitter bio states “Hydro is an Injective-native LSD Protocol Provide LSD / Earn with Auto-Compound / Maximize with Farming”. h/t @twindoges:
-New protocol called @statekwithrogue. Twitter bio states “Liquify your @mavprotocol stakes”. h/t @twindoges:
-New project called @FlowmaticXYZ. Twitter bio states “Your keys, your trades, your tools.” h/t @twindoges:
-New project called @injcasino. Twitter bio states “Upcoming Casino on Injective | Own with us @AliensOnInj”. h/t @twindoges:
-Note: Huge shoutout to @twindoges for finding a bunch of the above new protocols we had not flagged yet via the below thread! Make sure to give him a follow on Twitter!
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)
-Update from @MultichainOrg generated intense discussion yesterday:
-BlackRock CEO Larry Fink generated news again with more bullish comments on crypto:
-Binance apparently laying off 1,000 employees:
-Crypto-skeptic short sellers got rekt on COIN’s price surge this week:
-Fantom lending protocol @GeistFinance shutting down:
-More good narrative thoughts from @thedefivillain:
-Good reminder of US’ precarious fiscal trajectory c/o @jameslavish:
-New high in CME futures open interest, h/t @WClementeIII:
-Excellent thread from @samkazemian on the Ripple verdict:
-@nansen_ai released an excellent thread of recent NFT stats (sample below):
-Good thread on Solana and some key projects on it from @lou_markets:
-Good thread on Optimism ecosystem from @2lambro:
-Cycle predictions from the eminent @DegenSpartan:
-Optimistic sentiments c/o @cburniske:
-New livestream from @leviathan_news discussing the Multichain situation and all the other top stories in defi, featuring @CurveCap, @DAdvisoor, @traders_insight, and @DeFi_Cheetah:
-Interesting new video of macro gigabrain and crypto-evangelist @MarkYusko appearing on the London Real podcast to talk about Bitcoin/defi/etc:
-Excellent new roundtable discussion from @thebellcurvepod featuring @JasonYanowitz, @pythianism, and @im_manderson:
-Parting wisdom c/o @Crypto_McKenna:
Conclusion
Happy Saturday friends! Don’t forget to touch some grass this weekend!
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.