Happy Monday degens! Start of a big week!
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: $1,961.50
Oil (WTI): $77.07
Stocks (from:@News4Moves): N/A
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Silent Protocol @silentdao_ is an important new project with some highly significant and ambitious plans re: on-chain privacy…
Rather than a standalone chain or a mixer, the idea is to create a composable middleware encryption layer that allows privacy preservation within the EVM itself, allowing users to interact with defi protocols anonymously on a variety of different chains.
Our editor @rektdiomedes is working with the @silentdao_ team to help with education/ambassadooring, so make sure to follow them on Twitter for more updates as they work toward launch, and check out their thread below re: their integration with OlympusDAO!
Biggest TVL Movers + Else
Chains are mixed today. Top 30 chains up at least 10% on the monthly include Optimism (#6), Solana (#11), zkSync Era (#14), Cardano (#15), MultiversX (#20), and EOS (#21).
Protocols are mostly red today. Top 200 protocols up at least 50% on the monthly include Lybra Finance (#27), Alpaca Finance (#47), Origin Defi (#64), PearlFi (#100), Equilibria (#128), The Tokenized Bitcoin (#134), Solv (#169), SmarDex (#171), PHUX (#174), and Jito (#177).
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/Protocols By By 24 Hour Revenue Generation (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 @SaveWithBuckets. Twitter bio states “The gateway to DeFi fit to your goals 💭 Set goals, design a plan, invest. That’s it!”
-Something new in the climate niche called @Jasmine_Energy. Twitter bio states “Decentralized market for climate assets | Claim, trade, redeem, and grow income with energy attribute credits (EACs)”.
-Something new called @nomicbtc. Twitter bio states “Bitcoin on Cosmos. $NOM $NBTC”. h/t @0xTochi:
-New project called @YieldfarmingI. Twitter bio only contains site link.
-New Linea dex called @Linea_swap. Twitter bio states “The first DEX platform with revolutionary credit systems on @LineaBuild $LIN: 0x9Dd6EA6f9D1fba5ed640651f06802e32FF455221”.
-Something new called @infinex_app. Twitter bio states “It's time for DeFi. Powered by @synthetix_io & @optimismFND”. h/t @AresLabs_xyz:
-Something new called @Lenspeer. Twitter bio states “Lenspeer is an All-in-One decentralized social media platform, built with @LensProtocol”. h/t @AresLabs_xyz:
-New OHM fork on Mantle called @MANTOHM_. Twitter bio states “First OHM fork on Mantle chain. #mantle”. h/t @AresLabs_xyz:
-Something new called @DVSMNDS. Twitter bio states “Decentralized wealth genesis. Built on #Ethereum ⟠ Reserve asset-backed and AI-managed protocol with variable interest rates.” h/t @AresLabs_xyz:
-Another new Mantle protocol called @circuitprotocol. Twitter bio states “@0xMantle's native yield optimizer”. h/t @AresLabs_xyz:
-Something new called @synonymfinance. Twitter bio states “Synonym is the universal cross-chain credit layer for busy DeFi Professionals 🤝 Built on @wormholecrypto @arbitrum and @circle.” h/t @AresLabs_xyz:
-Previously-mentioned @0xDYAD has been added to @DefiLlama (ETH Mainnet). Again, Twitter bio states “A fundamentally new DeFi primitive for managing volatility. Launching Soon™.”
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (minimum $1M+ 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)
-Next Fed interest rate decision (FOMC meeting) coming this Wednesday, h/t @_FabianHD below:
-Sam Altman’s ‘Worldcoin’ has launched, generating much discussion, h/t @RyanJamesWeeks:
-Defi watchlist for the week ahead, c/o @TheDeFinvestor:
-Percentage of $ETH staked still climbing - from @KopremesisE’s weekly thread on LSD stats + protocol updates (highly recommended!):
-New article from Vitalik:
-Something going on with ROOK (just flagging for those who want to do additional research - as always please do your own DD):
-Excellent thread from @CryptoKoryo cataloging Twitter accounts that were early highlighters of Unibot:
-Very well done thread on the Solana ecosystem from @Flowslikeosmo:
-Good thread of thoughts/conclusions from ETHcc, from @MikeIppolito_:
-Alternating takes on NFT landscape, from @blockchaingod69 and @ygor3point0:
-Thoughts c/o @loomdart:
-Newest Joseph Wang @FedGuy12 video for our hardcore macro fans:
-Parting sentiments c/o @resdegen:
Conclusion
Happy Monday frogs! Stay alert out there!
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.