Happy Wednesday fellow frogs! Bunch of interesting new protocols and all sorts of fascinating stuff going on :)
Data/alerts/new protocols/etc at top and all sorts of interesting news/articles/etc at bottom as always!
Market Update
Overall crypto market cap: +4.3% to $1.12T.
$BTC: +7.8% to $23,811.90 and a market cap of $454.8B.
$ETH: +3.1% to $1,603.42, and a market cap of $192.4B.
For tradfi:
S&P 500: +2.75%
Dow Jones: +2.40%
Nasdaq 100: +3.08%
Gold: $1,706.70
Oil (WTI): $102.85
Biggest Price Movers
(From @coingecko top 500)
Up:
-BarnBridge $BOND +58.9%
-Alchemy Pay $ACH +50.4%
-Cratos $CRTS +46.7%
Down:
-Blox $CDT -42.3%
-RSK Infrastructure Framework $RIF -13.4%
-Plex $PLEX -9.6%
Biggest TVL Movers
For chains, Avalanche hopped back up over Solana into the #4 spot. Ethereum (#1) and Parallel (#11) are both up over 20% on the weekly. Optimism is up 38% on the weekly in spot #15. Bitfrost is up over 50% on the weekly in spot #36. Stacks is up over 63% on the weekly in spot #58.
Protocols are extremely green today. Lido continues smashing upwards in the #2 spot, up over 42% on the weekly. Interestingly, if Curve (#4) and Convex (#6) were combined (given their interdependence) they would be the highest-TVL protocol in defi. Concentrator is up over 94% on the weekly in spot #92.
Here’s The Top 12 Chains By TVL (from @defillama):
Here’s The Top 12 Protocols By TVL (from @defillama):
Other Data Points
Bitcoin Fear/Greed Index:
(from @BitcoinFear)
Ethereum Fear/Greed Index:
(from @EthereumFear)
New Protocols/Yield Farms
(note: this is checked via a variety of sources (listed below when used) and general Twitter research - note: this excludes Tomb forks and reflection tokens and tries to only include at least semi-legitimate defi-oriented stuff, but DYOR)
-A “Watch2Earn” protocol on BSC called @metfxmetaverse has launched. (via @ApeOClock)
-A new AMM on REI Network called @OortSwap has been added by @defillama.
-A newish protocol called @BetSwirl has been added to @defillama:
-A cross-chain bridge called @AcrossProtocol is doing their token launch/earn:
-A new protocol called @y2kfinance (followed by a ton of mutuals) is launching soon. Twitter bio states “Pricing Risk in Exotic Pegged Assets. Coming soon.”. Here’s a good thread on it from @0xMinerva:
-A new synthetics platform called @PharaohFi is launching. Here’s a good tweet from a couple weeks ago from them that sums it up well:
Rug Pulls/Exploits/De-Peggings/Liquidation Alerts
-@certiKAlert issues alerts regarding flash-crashes on $PH and $THB and $THC; rugpulls on $ORCHID and $NRTC and ‘NumerSwap’ token and ‘RacKiller’ token and @LoopXNetwork; and Discord hacks of @Zenecca___33, @pillheads_NFT, and @GhostfaceNFT.
@PeckShieldAlert released an alert regarding a rugpull on @ATM_Official1.
-@Wallet_Guard with important note on updating Metamask:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @defillama ($1M+ TVL only) and @stable_fish)
Other News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-Crypto exchange Zipmex pauses withdrawels:
-South Korean prosecutors raid crypto exchanges as part of Terra/Luna probe:
-Mortgage demand at 22 year low:
-$BTC, $ETH, and stables make up 71% of crypto’s market cap:
-UK inflation hits 40 year high:
-Balaji Srinivasan appeared on Bankless today:
-@TaikiMaeda2 released an hour-long video analyzing @fraxfinance and $FXS:
Conclusion
See you tomorrow degens!
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