Happy Monday friends! Big week ahead of us!
Let’s dive in!
Stats/alerts/etc at top and tweets/news/links/videos/etc at bottom as always!
[Note: As always all tweets are hyperlinked so just click on them to pull them up on Twitter]
Market Update
Crypto (from @cryptobubbles24):
Gold: $1,912.20
Oil (WTI): $70.67
Stocks: N/A
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Ready for the @staderlabs_eth launch on mainnet anon???
@staderlabs_eth is an LSDfi protocol, and their new innovation $ETHx is a decentralized and scalable liquid-staking derivative that is generating a lot of attention…
Their website describes $ETHx as “a liquid staking token designed to maximize rewards while securing Ethereum”.
We’ve been helping them raise awareness about it, so make sure to follow them on Twitter to learn more and track their mainnet launch!
Biggest TVL Movers + Else
Chains are mixed today. Top 30 chains green on all three timelines (daily, weekly, monthly) include Avalanche (#7), Mixin (#8), Solana (#11), DeFiChain (#12), zkSync Era (#16), Celo (#21), Gnosis (#26), MultiversX (#27), and Tezos (#28).
Protocols are quite green today. Top 100 protocols up at least 25% on the weekly include Morpho (#23), and Lybra Finance (#30).
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 Dex’s By 7 Day 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 on Optimism called @HapticFinance. Twitter bio states “Permissionless option markets (✨🔴_🔴✨)”. h/t @DeFi_Made_Here:
-Something new called @CrustFinance. Twitter bio states “ve(3,3) Native Dex and Launchpad on Top of @0xMantle | Built by @FlairDefi Team”. h/t @DeFi_Made_Here:
-New protocol called @SideswapZK. Twitter bio states “The leading dex and liquidity marketplace on @OpsideZK powered by #ZK-RaaS.” Also h/t @DeFi_Made_Here - make sure to give him a follow!
-New protocol called @DackieSwap. Twitter bio states “#1 Native Real Yield DEX on @BuildOnBase”.
-Something called @archwayHQ. Appears to be launching now but Twitter account has 2000+ tweets so possible we’re misinterpreting something. Bio states “Capture the value you create on the value capture chain… Mainnet soon…”
-New protocol called @axvdex related to above @ArchwayHQ. Twitter bio states “The value capture exchange, featuring an autogenic DAO treasury, 1:1 stable swaps, & more! @ArchwayHQ's premier DEX, built for the whole @Cosmos.”
-Something new called @byzantinelsd. Twitter bio states “🦅 $Bent Ignite the boundless power and unmatched efficiency of the LSD protocol”. h/t @ApeOClock:
-Protocol called @avnu_fi that launched recently. Twitter bio states “Best execution on #Starknet. No fluff.”
-Something called @acorne_io. Twitter bio states “A decentralized protocol with secure 2-way transactions on-chain while maintaining full control over protocol.”
Security Alerts
-@BullaOF tweeted about an apparent rug today which garnered a lot of attention:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (minimum $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)
-Look at the week ahead in macro from @_FabianHD:
-Brutal price action on NFT’s is generating a lot of discussion, data below from excellent thread on the subject from @tomwanhh:
-Some bullish $ETH stats from @ThorHartvigsen:
-US bond market has apparently been in a drawdown for 35 months, h/t @charliebilello:
-Interesting stats from @MilkRoadDaily:
-Interesting macro tweet from @BobEUnlimited:
-Top 3 biggest gainers in Q2 according to @coingecko were 1) Pendle (which also got a lot of attention today due to a Binance listing + associated price spike), 2) Bitcoin Cash, and 3) Tomi:
-30 day revenue by perp dex, c/o @Flowslikeosmo:
-Interesting observation from @DefiIgnas:
-Thoughts on TG trading bots from @michael_lwy:
-Must-read new article/newsletter from @LynAldenContact:
-Excellent thread of newest liquid-staking and LST protocol stats, from @KopremesisE:
-Excellent new macro podcast from @Blockworks_ featuring @UrbanKaoboy and @BurggrabenH:
-Parting thoughts from @Cheguevoblin:
Conclusion
Happy Monday good frogs!
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***Note On Material: The ‘Spotlight’ and ‘Note’ sections are the only parts of The Daily Degen that are 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.