Happy Monday friends! Start of another big week!
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: $1,952.50
Oil (WTI): $74.69
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 mixed today. Top 30 chains up at least 20% on the monthly include Solana (#11), zkSync Era (#14), Cardano (#15), and EOS (#22).
Protocols are mixed today as well. Top 50 protocols up at least 20% on the monthly include Compound (#9), Venus (#16), Synthetix (#21), Morpho (#23), Benqi (#33), Marinade Finance (#44), Binance Staked ETH (#45), Conic Finance (#48), and Pendle (#50).
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’s By 7 Day Volume (from @DefiLlama):
Other Data Points
Bitcoin Fear/Greed Index:
(from @BitcoinFear)
Ethereum Fear And Greed Index
(from @EthereumFear):
Fee Generation:
(note: cryptofees(dot)info does not seem to be updating so here is the same data from @DefiLlama)
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 on MultiversX called @DX25Labs. Twitter bio states “DX25 is a powerful, single-pool multi-fee concentrated liquidity, margin & derivative trading DEX 🚀 Powered by MultiversX (Elrond) blockchain.”
-Something new called @LENX_Finance. Twitter bio states “Powered by ZetaChain (@zetablockchain)”.
-Previously-mentioned @DerpDEXcom has been added to @DefiLlama. Again, Twitter bio states “Trade 🧐, earn 🤑, stake 🤩 , and launch 🤯 crypto with the most meme-able DEX on the internet. Mainnet launched on @zkSync 😎”.
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)
-Macro schedule for the week ahead, c/o @_FabianHD:
-Bitcoin apparently emerging from its worst performance period in its history, h/t @_AustinHerbert:
-Fascinating macro chart c/o @dunleavy89:
-Interesting story re: L1 Celo proposing to become an Eth L2, h/t @0xCygaar:
-US government tax revenue apparently down 9.2% in June and spending up 15%, h/t @KobeissiLetter:
-Some tokens/narratives to watch this week, from @TheDeFinvestor:
-Lots of debate about Fantom $FTM in the aftermath of the Multichain news, h/t @crypto_condom, @OuroborosCap8, and @AvaxGems:
-3AC co-founder @zhusu back to posting altcoin picks on Twitter:
-Interesting story re: Telegram c/o @CoinDesk:
-Portfolio update from @DegenSpartan:
-Interesting chart c/o @jake_pahor:
-Some macro/BlackRock commentary c/o @pythianism:
-Good new macro video from ‘Dollar Milkshake Theory’ originator Brent Johnson @SantiagoAuFund:
-Interesting new video from @coinbureau:
-Parting wisdom c/o @iamDCinvestor:
Conclusion
Happy Monday degens! Let’s get after it!
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.