Greetings fellow degens!
Data/alerts/new protocols/etc at top and news/articles/etc at bottom as always!
Market Update
Overall crypto market cap: -1.1% to $0.90T
$BTC: -1.1% to $19,066.18
$ETH: +0.0% to $1,054.82
For tradfi:
S&P 500: N/A
Dow Jones: N/A
Nasdaq 100: N/A
Gold: $1,812.00
Oil (WTI): $105.7
Biggest Price Movers
(From @coingecko top 500)
Up:
-Wrapped NXM $WNXM +68.8%
-Komodo $KMD +48.9%
-Celsius $CEL +31.2%
Down:
-Numeraire $NMR -13.6%
-Stratis $STRAX -11.1%
-iExecRLC $RLC -10.9%
Biggest TVL Movers
Chains were mixed today. On the weekly, the only $100M+ TVL chains that are green are Tron and Moonbeam.
Protocols were mostly green today. JustLend is showing a huge jump of over 60% on the daily, but not sure what’s causing that. Arrakis Finance continues its upward ascendency, and has now reached the top 12. Sushiswap continues to lose TVL, down over 61% on the monthly and over 14% on the weekly.
Here’s The Top 12 Chains By Weekly TVL (from @defillama):
Here’s The Top 12 Protocols By Weekly TVL (from @defillama):
Here’s The Top 12 Stablecoins By Market Cap (from @coingecko):
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)
-@OpenForest_ is still working towards launching later this month. Twitter bio states: “The Open Forest Protocol is a trusted open-source Protocol based on a public blockchain platform for communal verification and reporting of forest data.” (via general Twitter research)
-A defi insurance protocol is being built on Solana called @AmuletProtocol. (via general Twitter research)
-An Avalanche launchpad protocol called @AvaxLaunch appears to be getting ready to launch. (via general Twitter research)
-Something called @Klever_io is launching. Twitter bio states that “Klever is the easiest place to buy, sell, and store your crypto”, but it also apparently incorporates its own blockchain(?). (via general Twitter research)
Rug Pulls/Exploits/De-Peggings/Liquidation Alerts
-@certiKAlert released warnings related to the Discords of @riff_rats and @Yugennft.
-There has reportedly been an exploit on Crema Finance:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @defillama ($1M+ TVL only) and @stable_fish)
Other News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-There are now 450,000 unique addresses holding ENS domains:
-The bond market is now pricing in the expectation of Fed interest rate cuts in 2023:
-Stablecoin dominance continues to rise:
-Short interest in the US stock market (S&P 500 specifically) is the highest its been in two years:
-Nick Drakon released part two of his video series on Pro Traders vs Retail Traders:
-Noted macroeconomic expert and Bitcoin advocate Lyn Alden appeared on The Investors Podcast and discussed the current economic environment:
Conclusion
See you tomorrow friends!
Also huge appreciation for all the retweets/follows/subscribes/etc!