Happy Sunday degens! Another big week ahead of us!
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: $1,960.90
Oil (WTI): $77.07
Stocks (from:@News4Moves): N/A
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 mostly red today. Biggest gainer on the weekly among top 30 chains is MultiversX (#20) at +77.46% and biggest loser is Avalanche (#7) at -6.90%.
Protocols are mostly red today as well. Biggest gainer on the weekly among top 100 protocols is stUSDT (#25) at +94.37%, and biggest loser is Ankr (#68) at -17.02%.
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 Stablecoin Inflow % (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!)
-New dex on Polygon called @AscentExchange. Twitter bio states “Ascent is the native liquidity layer and community-owned #DEX on @0xPolygon”.
-Something building on @BuildOnBase called @NFTFeedOfficial. Twitter bio states “NFTFeed - The 1st NFT Liquidity solution @BuildOnBase”. h/t @BaseAdvocates:
-Something new called @TranchingPro. Twitter bio states “Web3 Finance Service Hub with AI + AMM backed by @BinanceLabs | Launching on @BNBChain and @nautilus_chain soon | #TranchingTheWorld🌎”.
-What appears to be a new project just getting ready to launch(?) called @OmniX_NFT. Twitter bio states “The first natively omnichain NFT launchpad and aggregator powered by @LayerZero_Labs and @StargateFinance 🦇🔊”.
-Something new called @Radpiexyz_io. Twitter bio states “Radpie is a Next-Generation SubDAO by @magpiexyz_io that leverages @RDNTCapital 's robust infrastructure.” h/t @CryptoNikyous:
-Something new called @SadoProtocol. Twitter bio states “Self-authenticating decentralized #Ordinals orderbook. It's both a protocol & an SDK!”. h/t @AresLabs_xyz:
Security Alerts
-@PeckShieldAlert released the following alert:
-@ConicFinance released a postmortem on the exploit they suffered this week:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (minimum $5M+ 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)
-Total staked $ETH grew by 30.3% in Q2, h/t @coingecko:
-VC funding in crypto continues to decline:
-Some hopeful TA from @JJcycles:
-Fed balance sheet now equal to 31% of US GDP, compared to 53% for the European Central Bank and 128% for the Bank of Japan:
-Good recap of the year’s main narratives thus far, h/t @TheDeFinvestor:
-Some interesting data from good thread on Optimism and its ecosystem from @Prithvir12:
-Some bullish thoughts on Coinbase’s potential, c/o @DeFiSurfer808:
-Interesting chart from a good thread on L2’s from @wacy_time1:
-Interesting thread from @ZoomerOracle that generated a lot of attention yesterday:
-Excellent thread from @Slappjakke on high-alfa low-follower crypto-Twitter accounts to follow:
-Forward-looking thoughts from @0xbilly:
-Newest video from @leviathan_news featuring @CurveCap, @DAdvisoor, and @traders_insight discussing all the top stories in defi:
-Videos from @MilesDeutscher as well as @NickDrakon + @0xSouvlaki on Fantom and its future:
-New macro video from ‘Dollar Milkshake’ founder Brent Johnson’s Milkshakes Markets Madness podcast:
-Parting wisdom c/o @DeFiMann:
Conclusion
Have a great Sunday 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.