Happy Tuesday friends! Let’s get after it!
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: $1,960.40
Oil (WTI): $74.28
Stocks (from:@News4Moves):
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Silent Protocol @silentdao_ is an important new project with some highly significant and ambitious plans re: on-chain privacy…
Rather than a standalone chain or a mixer, the idea is to create a composable middleware 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 editor @rektdiomedes is working with the @silentdao_ team to help with education/ambassadooring, so make sure to follow them on Twitter for more updates as they work toward launch, and check out their thread below re: their integration with OlympusDAO!
Biggest TVL Movers + Else
Chains are mostly red today. Top 50 chains red on all three timelines (daily, weekly, monthly) include Waves (#29), KCC (#31), Moonbeam (#33), Metis (#36), Telos (#47), and Heco (#48).
Protocols are also red today. Top 200 protocols down at least 20% on the weekly include Ankr (#69), Beethoven X (#138), SpookySwap (#179), and Platypus Finance (#199).
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 Dex 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!)
-New protocol on @0xMantle called @EsperFinance. Twitter bio states “An ecosystem-focused, community-driven DEX aiming to facilitate both users and builders on @0xMantle”.
-New project on Injective called @BlackPanther_Fi. Twitter bio states “The asset management protocol that helps you achieve superior returns”.
-Something new called @gmblcomputer. Twitter bio states “$GMBL GET MONEY, BET LARGER ~~~ coming soon”. h/t @AresLabs_xyz:
-New protocol on @0xMantle called @SudokuFinance. Twitter bio states “Sudoku Finance is a peer to peer, decentralized, non-custodial liquidity market protocol. Built on @0xMantle”. h/t @AresLabs_xyz:
-Something new called @AmuletFinance. Twitter bio states “Building Amulet - a non-custodial lending protocol to unlock capital on Cosmos with self-repaying loans on staked assets…” h/t @AresLabs_xyz:
-Something building on Starknet called @tradeparadex. Twitter bio states “Building in Stealth on @Starknet”. h/t @AresLabs_xyz:
-Something new called @weave_protocol. Twitter bio states “Web3 social media: Monetize your content, your way powered by @fuel_network…” h/t @AresLabs_xyz:
-Something new on Polygon called @MagicianMV has been added to @DefiLlama. Twitter bio states “A metaverse of Magician on Polygon. Built with Defi, NFT Props & GameFi”.
-New protocol called @zerolendxyz has been added to @DefiLlama. Twitter bio states “$ZERO is a powerful decentralized lending protocol on @zkSync. Built on @AaveAave and @PythNetwork...”
Security Alerts
-Security alert from @BlockSecTeam:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (minimum $1M+ 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)
-Chainlink’s CCIP went live yesterday, generating lots of discussion, h/t @ChainLinkGod and @DoveyWan:
-Uniswap announaces ‘UniswapX’:
-US currently seeing 2% positive real rates (ie the Federal Funds rate is 2% higher than the inflation rate), the tightest monetary policy in over a decade, h/t @charliebilello:
-Some quick narrative/news highlights from @Crypto_Texan:
-Some interesting stats from @peckshield’s H1 2023 security report (click to read rest of thread):
-Hector Network on Fantom apparently votes to liquidate its treasury, h/t @realDannyNelson via @CoinDesk:
-Great chart from @Dynamo_Patrick:
-Celsius coins continuing to be sold, h/t @tomwanhh:
-Some interesting macro data/observations from @NorthmanTrader:
-Very interesting thread from @coingecko co-founder @bobbyong re: Reddit-related tokens MOON and BRICK:
-Launch of new Eth L2 @0xMantle is generating a lot of attention, here’s a great introductory thread on it from @ahboyash:
-Also re: @0xMantle, excellent threads from @CryptoNikyous and @2lambro going over all the most noteworthy protocols/etc on the newly launched L2:
-Excellent thread from @Prithvir12 on @GMX_IO’s upcoming V2:
-Interview with Fantom CEO Michael Kong re: Multichain events, the chain’s future, treasury, etc that generated a lot of discussion yesterday:
-New video from @TaikiMaeda2 on Opepen:
-Latest crypto news overview from @coinbureau:
-Parting wisdom c/o @tervoooo:
Conclusion
Happy Tuesday friends!
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.