Happy Friday Chads and Chadettes!
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: +3.6% to $1.11T.
$BTC: +3.0% to $23,468.17 and a market cap of $447.9B.
$ETH: +9.4% to $1,630.18, and a market cap of $195.2B.
For tradfi:
S&P 500: +1.01%
Dow Jones: +0.52%
Nasdaq 100: +1.44%
Gold: $1,722.40
Oil (WTI): $95.63
Biggest Price Movers
(From @coingecko top 500)
Up:
-Blox $CDT +49.9%
-Superfarm $SUPER +34.5%
-BarnBridge $BOND +30.2%
Down:
-Xido Finance $XIDO -37.5%
-Cratos $CRTS -25.4%
-Kardia Chain $KAI -11.7%
Biggest TVL Movers
Chains are very green today. Ethereum up almost 17%. Tron is up over 40% on the monthly but still hasn’t been able to overtake BSC for the #2 spot.
For protocols, top 12 is 100% green on the daily, weekly, and monthly, first time we’ve seen that. ETH Liquid-Staking protocols and Liquity (ETH-backed stablecoin) continue to dominate in terms of TVL growth among top protocols. Of the top 100 protocols, 77 are green on the monthly. Biggest losers TVL-wise on the monthly (more than 20% decline each) include Bancor, Wonderland, Neutrino, Bastion, Orca, Notional, and Tokemak.
Here’s The Top 12 Fastest-Growing Chains By TVL On The Weekly (from @defillama):
Here’s The Top 12 Fastest-Growing Protocols By TVL On The Weekly (from @defillama - minimum $1M TVL):
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 Solidly-inspired AMM on Fantom called @Equalizer0x is planning to launch:
-Something called @OrbisClub has launched this week on @ceramicnetwork. @OrbisClub Twitter bio states “Build performant, composable and decentralized social apps or social features on top of the Orbis protocol.” Explanatory tweet from several days ago:
Rug Pulls/Exploits/De-Peggings/Liquidation Alerts
-@certiKAlert issues alerts regarding flash-crash on $LEEKHERO, rugpulls on $MOC and @StrategyXFi; and Discord hacks of @Universe_BNB, @RaibbitHole, @ForestApesDAO, @YokaiLabsNFT, and @MojisNFT.
-@Wallet_Guard released an alert relating to compromised Twitter account of @KeyboardMonkey3.
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @defillama ($1M+ TVL and no-IL and Single-Esxposure only) and @stable_fish)
Other News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-The Justice Department has charged three with insider trading related to Coinbase listings, apparently catalyzed by a tweet from @cobie almost a year ago:
-JP Morgan apparently thinks the worst capitulation is over for crypto market:
-The overall crypto market cap seems to be tracking M2 money supply (arguably as proxy for currency debasement) much more than the Bitcoin halving cycle or CPI inflation:
-The European Central Bank hiked interest rates by 0.50%, but also simultaneously introduced a new “TPI” program that will allow them to essentially buy unlimited bonds (government debt) from more profligate Eurozone countries like Italy:
-Discussion of incoming Curve stablecoin continues:
-Re: Curve, @curvecap released an excellent new article packed full of alpha:
-A new episode of FTM Alerts featuring @crypto_klay, @nickdrakon, and the rest of the crew has streamed (again, these are no longer Fantom-specific so good info on any/all defi stuff):
-Arthur Hayes @cryptohayes released an extremely good new article:
Conclusion
Have a good Friday friends!
And please follow/subscribe/retweet/etc if you found this helpful - we appreciate it tremendously! :)
Correction: We accidentally included an incorrect (satirical) tweet re: Sudoswap volumes yesterday - your humble frog editor mis-read the volume number and didn’t realize the tweet was in jest! :)