Happy Saturday degens! Weekends are where the alfa is let’s go!
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: $1,959.40
Oil (WTI): $80.58
Stocks (from:@News4Moves):
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Take heed degens… @stellaxyz_ is a leveraged strategies protocol that should be of intense interest to hardcore yield maximalists…
The team is a bunch of OG defi folks who have been focused on the leveraged yield farming space since its inception, and the architecture they have created for Stella is quite sophisticated as a result, and currently producing some very high yields and also very high profit %’s…
We’re helping raise awareness about everything the team at Stella is up to, so make sure to follow them on Twitter, and check out their latest thread below, which outlines some of the different types of users currently utilizing their platform, or read the blog version of it by clicking here!
Biggest TVL Movers + Else
Chains are mostly green today. Top 50 chains up at least 20% on the monthly include Solana (#11), Cardano (#14), MultiversX (#20), and EOS (#22).
Protocols are mostly green today. Top 50 protocols up at least 20% on the monthly include Compound (#10), Synthetix (#21), Lybra Finance (#28), Binance Staked $ETH (#45), Marinade Finance (#46), Ondo Finance (#47), Pendle (#49), and Alpaca Finance (#50).
Here’s The Top 12 Fastest-Growing Chains By Weekly TVL Growth (from @DefiLlama):
Here’s The Top 12 Fastest-Growing Protocols By Weekly TVL Growth (minimum $1M TVL):
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 project called @dexordi. Twitter bio states “AMM & DAO based on BRC-20 token standard.”
-Something called @zkNebula. Twitter bio states “Building Africa’s largest DAO and web3 infrastructure ||#DAO @zkSync”.
-Something new called @StarkPlay_. Twitter bio states “Games as Protocols @cafecosmosHQ”. h/t @AresLabs_xyz:
-Something new called @ZekoLabs. Twitter bio states “Shaping the future of decentralised trust and privacy, at scale. Coming soon...” h/t @AresLabs_xyz:
Security Alerts
-@PeckShieldAlert released the following alert re: something called @Kannagi_Zksync rugging:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama ($1M+ TVL, single-exposure, no-IL only) and @stable_fish - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Other News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-This week’s US Stablecoin Bill continues to generate lots of attention:
-Crypto volumes + volatility continue to be muted:
-Update on Germany:
-$UNIBOT and the trading bot narrative were featured in Bloomberg yesterday:
-Some interesting RWA info from @AvaxGems re: @matrixdock, which we’ve seen popping up a lot in the above protocol TVL section as of late:
-Thoughts from @pythianism:
-Bank of Japan’s actions this week continue to generate discussion:
-US housing market continues to generate much discussion as well:
-Good thread from @Web3_buidl on @osmosiszone:
-Very interesting thread from @redphonecrypto on the trading bot narrative and its implications:
-Good thread from @Prithvir12 on @MakerDAO:
-Well-done thread on Mantle Network @0xMantle from @Foxi_xyz:
-New roundtable discussion going over all the top stories in crypto from @thebellcurvepod featuring @JasonYanowitz, @MikeIppolito_, @pythianism, and @im_manderson:
-New crypto + macro Q&A livestream from @noahseidman:
-New interview with energy gigabrain @DoombergT for our macro fans:
-Parting wisdom from @coinesper c/o @QuotableCrypto:
Conclusion
Have a great Saturday friends and don’t forget to touch some grass this weekend!
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.