Happy Monday friends! Has been quite the 24 hours!
Tons of stuff going on so 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: $1,954.40
Oil (WTI): $80.62
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 most recent thread below!
Biggest TVL Movers + Else
Chains are mostly red today. Biggest gainer on the weekly among top 50 chains is Astar (#41) at +13.76%, and biggest loser is zkSync era (#17) at -19.93%.
Protocols are mostly red today as well. Top 100 protocols green on all three timelines (daily, weekly, monthly) include JustLend (#4), PulseX (#31), RealT (#72), Swell (#81), and CIAN (#95).
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 Dex 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 @mute_io. Twitter bio states “A #zkSync native stable / normal pool AMM DEX w/ limit orders, farming platform, and Bond platform. Now live on zkSync Era. RTs are not endorsements.”
-Something new called @krill_protec on @BuildOnBase. Twitter bio states “Krill Protocol🦐 The first debase protocol on @BuildOnBase. Where protection meets profit.”
-New project called @UWUProtocol. Twitter bio states “A stablecoin protocol built on @Stacks that offers zero-interest loans with no repayment date. Header designed by @NickoleNFT”.
-Something new called @acumenofficial. Twitter bio states “Bridging DeFi and Real-world assets powered by @fuel_network. Join us on Discord and become an OG!”
-Something new called @ChronoEcosystem. Twitter bio states “Embrace the future of memory archiving with Chrono Vault's blockchain integration, securing your time capsules in the decentralized ledger of trust.” h/t @ApeOClock:
-Something new on Pulse chain called @YogurtDeFi has been added to @DefiLlama. Twitter bio states “🐄🥛 Yogurt Finance! 🥛🐄 Satisfy your DeFi cravings with the creamiest, most delicious yields on #PulseChain.”
-New/newish(?) protocol called @Retro_finance on Polygon has been added to @DefiLlama. Twitter bio states “A @ThenaFi_ friendly fork on @0xpolygon audited by @openzeppelin Liquidity Reimagined. We Are Concentrated on Liquidity. #RealYield #RealBribes”
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (all types, $5M+ TVL) and @stable_fish - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Other News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-Was an insanely eventful 24 hours, highlights below:
-Sentiments, h/t @0xLawliette, @swaggyAlexyo, and @Buhlaque:
-$ETH price surprisingly steady:
-Macro schedule for the week ahead, c/o @_FabianHD:
-New story re: the SEC and Coinbase is generating intense discussion:
-@BuildOnBase meme coin trading continues to generate headlines:
-$BTC volatility hitting extreme lows, h/t @MilesDeutscher:
-Japanese bond market continuing to dominate macro headlines:
-Interesting tweet from @stonecoldpat0:
-Multichain update from @spreekaway:
-Lot of good @BuildOnBase threads on the TL, h/t @2lambro and @CryptoGideon_:
-Brand new @Blockworks_ video on Bank of Japan situation for our macro fans:
-Good video tutorial for getting started on @BuildOnBase from @prz_chojecki:
-Parting wisdom from @DegenSpartan:
Conclusion
Happy Monday friends and 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.