Happy Friday fellow frogs! Lots of alpha and interesting stuff going on today…
Data/alerts/new protocols/etc at top and news/articles/etc at bottom as always!
Market Update
Overall crypto market cap: +2.1% to $1.12T.
$BTC: +2.1% to $23,512.01 and a market cap of $449.2B.
$ETH: +1.7% to $1,672.02, and a market cap of $200.0B.
Gold: $1,756.09
Oil (WTI): $98.67
Stocks:
More Crypto:
Biggest Price Movers
(From @coingecko top 500)
Up:
-Wing Finance $WING +172.4%
-Ampleforth Governance Token $FORTH +112.9%
-Xido Finance $XIDO +88.1%
Down:
-XYO Network $XYO -24.2%
-BarnBridge $BOND -15.4%
-Tellor $TRB -13.9%
Biggest TVL Movers
Chains are all very green again. Optimism continues its upward climb, now hitting #11 by TVL. Waves (#15) is down by 50% on the daily, though this might be a reporting issue. For smaller chains, Ontology (#51) and OntologyEVM (#81) are both up over 20% on the weekly, and Kardia (#62) is up by 51% on the weekly.
Protocols are all quite green as well. Sushiswap continues its rebound, now back up to spot #16 by TVL. Synthetix is now up to #19. Velodrome is now at #85, up over 50% 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)
-A newish EVM protocol has been added to @defillama called @MetaSwapNet. Twitter bio states “Commodity Swaps are coming 2 DeFi ! Decentralize your financial instruments using the Blockchain with MetalSwap.”
-A protocol/company called @spumeio is launching soon. Twitter bio states “Largest holder-owned tokenization protocol. Hold Spume tokens to share in the revenue. Buy, sell, and create NFTs in art, music, and physical goods.”
-A synthetic assets protocol on Cardano called @Indigo_protocol is working towards launching.
-A protocol called @eazifinance appears to be getting ready to launch on Polygon sometime soon. Twitter bio states “Non-Custodial, Global, Decentralized Banking made easy”.
-An interesting chain called Beryllium @brbberylbit that hailts itself as “One of the last proof-of-work EVM chains” has its (first?) dex launching, called Ducky-Swap:
Rug Pulls/Exploits/De-Peggings/Liquidation Alerts
-@certiKAlert issued alerts regarding Discord hacks of @EY3KON and @CrowdsurfNFT and @Daisuki_NFT and @ApachesNFT.
-@PeckShieldAlert released an alert regarding a specific scam attempt:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @defillama ($1M+ TVL 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)
-US has officially now had two consecutive quarters of negative GDP growth:
-Despite the market pump over the last two weeks, dex trading volumes on many chains are still well below their bull market peaks:
-@korpi87 released an excellent thread on $ETH-backed CDP stablecoin $LUSD:
-Synthetix founder @kaiynne states that he believes fee-generating protocols is the next big narrative in defi:
-@UmamiFinance’s new risk-hedged $USDC vault launched yesterday and was filled to capacity within 30 minutes:
-$SYN token has pumped on news that Synapse (a bridging protocol) will be launching its own “Synapse Chain” - a “novel smart contract execution layer built atop Synapse’s generic cross-chain messaging system and value bridge”:
-18 year old defi gigabrain @barryfried1 appeared on @flywheelpod to discuss Curve, Convex, and Frax Finance:
Conclusion
See you tomorrow frens!
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Spotlight:
We’re partnering with our friends at @Cre8rDao to provide some good info on Radiant Capital, who @beefyfinance just integrated with yesterday: