Happy Saturday fellow degens!
Lots of interesting stuff going on!
Market Update
Overall crypto market cap: -5.1% to $1.06T.
$BTC: -5.5% to $22,306.05 and a market cap of $426.1B.
$ETH: -6.2% to $1,525.75, and a market cap of $182.7B.
For tradfi:
Biggest Price Movers
(From @coingecko top 500)
Up:
-BarnBridge $BOND +46.3%
-Xmon $XMON +16.5%
-Meter Governance $MTRG +11.3%
Down:
-Cratos $CRTS -21.4%
-Xido Finance $XIO -21.3%
-Step App $FITFI -20.7%
Biggest TVL Movers
For chains, @defillama is showing that Tron has finally overtaken BSC to move into the #2 spot.
For protocols, its mostly red on the daily, apart from Arrakis Finance (#11) which continues to surge upward. A few other notables that pop out are Tornado Cash (#32) at +23% on the weekly, Moonwell Artemis (#84) at +25% on the weekly, and Ferro (#92) at +25% on the weekly.
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)
-Newish protocol @elasticswap has been added to @defillama. Twitter bio states “ElasticSwap is an all new AMM focused on elastic supply tokens.”
-A new protocol based around the idea of a “liquidity backed appraisal system for NFTs” called @abacus_wtf is launching. Here is an excellent thread on it from @0x_d24 that also links to the Abacus whitepaper:
-Oracle/node network @muon_net is continuing to work toward full launch:
Rug Pulls/Exploits/De-Peggings/Liquidation Alerts
-@certiKAlert issues alerts regarding Discord hacks of @Astrals_NFT and @WizBudsNFT and @Devilish_Toonz and @banana_ballers, and a potential Discord hack of @artsiesco.
-@Wallet_Guard released a special security alert:
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)
-Nansen’s Smart Money Stablecoin Holdings % is going down, sending a (possibly) bullish sign for markets:
-Su Zhu and Kyle Davies gave an interview to Bloomberg, breaking their silence since the implosion of 3AC. Here’s a summary from @PastryEth:
-CNBC provided a remarkably accurate and intelligent take on the Ethereum conference in Paris (click tweet to watch video if not playable in Substack embed):
-Bullish re: regulatory climate?
-Convex Finance $CVX is apparently trading at a discount to its locked assets:
-Next FOMC meeting is taking place this coming week, bringing up question of what Fed will choose to do and how it will affect markets:
Conclusion
Have a good one friends!
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