Happy Friday degens! Lots of stuff going on!
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: $1,962.90
Oil (WTI): $76.23
Stocks (from:@News4Moves):
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
The gents at @steadefi keep building up a storm!
As background, Steadefi is an extremely cool protocol on Arbitrum + Avalanche that we’ve been helping raise awareness about…
They provide a wide selection of yield strategies, automated risk and position management for stress-free leveraged yield farming, and also clear risk-off and risk-on tracks with transparent data on ROI…
In addition to their existing GMX vaults, they’ve been rolling out all sorts of cool updates as of late… building on @unsheth_xyz, @CamelotDEX, @Level_Finance, and more!
Check out all their vaults by clicking here and make sure to follow their Twitter account for more updates!
Biggest TVL Movers + Else
Chains are mixed today. Biggest gainers on the weekly with at least $1M TVL are ICP at +195% and $3.0M TVL, Meter at +107% and $5.4M TVL, and Rollux at +96.99% and $1.1M TVL.
Protocols are mostly red today. Top 100 protocols green on all three timelines (daily, weekly, monthly) include Synthetix (#20), Velodrome (#34), Ondo Finance (#51), Origin DeFi (#63), MatrixDock (#70), Gamma (#74), RealT (#75), Swell (#87), Thena (#97), Tangible (#98), and MUX Protocol (#100).
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 (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 @SatisDEX. Twitter bio states “The Revolutionary Order Book DEX built for Traders! Perpetuals Trading live soon on @ethereum and @zkSync Era!”
-New project called @SnotraProtocol. Twitter bio states “NFT liquidity resolved!”
-New Trading Bot project called @YoloNoloBot. Twitter bio states “Official account of YoloNolo, Nolo Perps Discord Bot | Powered by @FlowmaticXYZ & @HxroNetwork…” h/t @monosarin:
-Another new Trading Bot project called @Ape_GPT. Twitter bio states “Discord trading bot built by apes, for apes. Powered by @Crypto_Glitch_ @PrimapesDAO”. Also h/t @monosarin:
-New project called @Narwhal_Finance has been added to @DefiLlama (BSC + Arbitrum). Twitter bio states “Leverage trading with boundless asset selection 📈 Seamless experience for Social Trading 👥”.
-New SUI protocol called @AftermathFi has been added to @DefiLlama. Twitter bio states “CEX on-chain. Built on #SuiMove #BetterThanCEX Winner of #SuiBuilderHero award”.
-New zkSync Era protocol called @zilch_capital has been added to @DefiLlama. Twitter bio states “Builders of $USDZ and first stableswap exchange on @zksync”.
-Previously-mentioned @ReaxFinance has been added to @DefiLlama. Twitter bio states “Trade, Lend, Borrow and Leverage on Crypto, Stocks, Forex, Commodities & more Slippage Free on @0xMantle”.
-Previously-mentioned @CrustFinance has been added to @DefiLlama. Twitter bio states “ve(3,3) Native Dex and Launchpad on Top of @0xMantle | Built by @FlairDefi Team”.
-Something new called @0x0Audits has been added to @DefiLlama. Twitter bio states “All-in-One Privacy Hub and AI Smart Contract Auditor with 100% of Utility Income distributed to #0x0 $OxO Holders in ETH, creating a Passive Income stream”.
Security Alerts
-Twitter hacks continue to proliferate:
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)
-Sentiment has shifted firmly bullish in equities as stock market continues to surge, h/t @charliebilello:
-Hamster racing temporarily became the dominant crypto meta yesterday:
-Top dex’s by volume %, c/o @coingecko:
-Big day for options expiry in tradfi:
-Latest US and UK inflation data:
-Potentially interesting adoption developments re: $USDC. Story c/o @DefiantNews:
-Synthetic perps protocol @GainsNetwork_io announced a significant tokenomics revamp, h/t @derpaderpaderp:
-Excellent thread from @alpha_pls on Chainlink’s CCIP, which continues to generate lots of discussion:
-Very good thread on Solana and its ecosystem, from @francescoweb3:
-Trading/investing thoughts c/o @pbr90:
-Good thread from @CryptoNikyous on newly-launched ETH L2 @LineaBuild and the top projects on it:
-New episode of NFA Live featuring @coinbureau, Rob from Digital Asset News, and Benjamin Cowen @intocryptoverse:
-Good new @Blockworks_ video on all the interesting stuff going on in currency markets:
-Video of Vitalik’s speech on account abstraction at ETHcc:
-Interesting @TaikiMaeda2 video on @MakerDAO:
-Parting bullishness from @DeFiMann:
Conclusion
Happy Friday good frogs!
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.