Happy Friday lads and ladettes! Seems as though the macro is starting to get a big shaky again!
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: $1,949.10
Oil (WTI): $79.85
Stocks (from:@News4Moves):
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 Aave!
Biggest TVL Movers + Else
Chains are mixed today. Fastest-growing chains on the weekly with at least $1M TVL are Mantle, Linea, and XDC.
Protocols are mixed as well today. Fastest-growing protocols on the weekly with at least $1M TVL are Mantle dex Agni Finance, Arbitrum dex OasisSwap, and Linea dex HorizonDEX.
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 Perp Protocols By 24 Hour 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 @0xcococom. Twitter bio states “Crypto backed single and multiplayer game platform $COCO holders earn house edge”.
-New Arbitrum NFT marketplace called @TheUtopiaMarket. Twitter bio states “The Fee Sharing NFT Platform built around $ARB | Everybody Eats In Utopia”.
-Something new called @cubexch. Twitter bio states “Your trades, your crypto.” Note: Their Twitter account is locked but we are seeing a variety of gigabrains sending out what are presumably qualifying tweets (see below from @kindahangry as an example), so including for those who want to do further research:
-New trading bot protocol called @alpha_gardeners. Twitter bio states “The all-in-one alpha discord & telegram with a complete toolkit for successful shitcoins and NFTs trading”. h/t @ApeOClock:
-Something called @EthStorage. Twitter bio states “EthStorage is a storage rollup built on top of Ethereum. Received 2 grants from the Ethereum Foundation Ecosystem Program.” h/t @AresLabs_xyz:
-Previously-mentioned @lendlexyz has been added to @DefiLlama. Again, Twitter bio states “Decentralized, non-custodial lending and borrowing market on #MantleNetwork.”
-New liquid staking protocol on MultiversX has been added to @DefiLlama called @liquid_egld. Twitter bio states “Staking Agency's Liquid Staking Algorithm”.
-Previously-mentioned @Ammosfinance has been added to @DefiLlama. Again, Twitter bio states “Pro trading experience with ultra-concentrated liquidity, limit orders and managed liquidity provisioning (MLP) | DEX built on Mantle”.
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama ($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)
-New announcement from Bank of Japan generating intense attention:
-US bond yields spiking in response:
-@UrbanKaoboy and @zerohedge on the above:
-Lot of building taking place on Coinbase’s L2 @BuildOnBase, h/t @Flowslikeosmo:
-Interesting chart from @FlowHorse:
-Horrifying story out of South America generating lots of discussions about security and opsec:
-Interesting chart/stat from @CryptoKoryo:
-Optimism and Starknet seeing spike in activity, h/t @Hercules_Defi:
-Some good liquid staking stats from @ThorHartvigsen:
-Current bond market expectations re: US interest rates:
-Interesting tweet re: Mantle x Lido from @gametheorizing:
-Crypto/AI thoughts from @cburniske:
-New @TaikiMaeda2 video on the ‘The End Of The DeFi Bear Market’:
-Excellent new Macro Voices interview with @LynAldenContact:
-New NFA Live video featuring @coinbureau, Rob from Digital Asset News, and Benjamin Cowen @intocryptoverse:
-Parting sentiments from @jake_pahor:
Conclusion
Happy Friday degens!
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.