Happy Wednesday friends! Let’s get after it!
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: $1,924.60
Oil (WTI): $70.67
Stocks (from:@News4Moves): N/A
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Attention yield-maximalists and flywheel-enjoyoors… @RodeoFinance just launched leveraged @pendle_fi LP pools!
If you aren’t familiar with them, @Rodeo_Finance is a new leveraged yield project building on top of all the top Arbitrum defi protocols, giving discerning farmers the chance to maximize their yields, with leverage, all from a single easy to use UI!
We’ve been helping spread the good word about all the stuff they’ve been building, and are extremely excited about their new Pendle pools!
Make sure to check out the yields on the new pools on the Rodeo website, and follow them on Twitter for more updates!
Biggest TVL Movers + Else
Chains are mostly red today. Top 50 chains up at least 10% on the monthly included Mixin (#8), Bitcoin (#15), zkSync Era (#16), Rootstock (#21), and Polygon zkEVM (#39).
Protocols are mostly red today as well. Top 100 protocols up at least 30% on the monthly include Lybra Finance (#28), Pendle (#55), Origin Defi (#85), Tranchess (#86), Swell (#94), and MUX Protocol (#99).
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/Protocols By 24 Hour Fee Generation (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 Arbitrum called @Surge_Fi. Twitter bio states “Borrow, lend, long or short any token on any chain. Turn ON tweet notifications.”
-New project called @PhoenixTrade_ on Solana. Twitter bio states “Bringing users the deepest on-chain orderbook liquidity. Exclusively on @Solana.”
-New MultiversX protocol called @HatomProtocol. Twitter bio states “Introducing Hatom - the pioneering, non-custodial liquidity protocol on #MultiversX”.
-Something new called @NetworkNoya. Twitter bio states “NOYA is an Omnichain Yield Aggregator that uses AI to predict and optimize yields. We use ZKML for trustless strategy execution.” h/t @0xSalazar:
-Something new called @getgrass_io. Twitter bio states “Your view of the internet is valuable. Get paid for it 🌱 Powered by @WyndNetwork”.
-Something new called @MantaDex. Twitter bio states “Official Twitter account for MantaDex, the first and leading decentralized exchange built on the @MantaNetwork.” h/t @DeFi_Made_Here:
-Something new called @Splatter_Proto. Twitter bio states “An innovative DEX building on @scroll_zkp”. h/t @DeFi_Made_Here:
-Something new called @ShrimpDEX. Twitter bio states “Shrimp is a (3,3) DEX with flywheel aquaculture-based tokenomics and Real-World Crustacean Assets Coming soon to @monad_xyz”. h/t @AresLabs_xyz:
-A new Tron RWA protocol called @stusdt has been added to @DefiLlama. Twitter bio states “stUSDT is the first RWA platform on the #TRONNetwork. Shape, expand, and share the future of real-world assets tokenization on #TRON. *Geo-restriction applies.”
-Previously-mentioned @tashi_finance has been added to @DefiLlama. Twitter bio states “Tashi is your path to Borrow Lend #DeFi enlightenment on #Evmos. Empower your prosperity: Connect | Deposit | Transcend 🔋Powered by @romeblockchain”.
-Something new on Filecoin called @CollectifDAO has been added to @DefiLlama. Twitter bio states “Non custodial liquid staking protocol on @Filecoin.”
Security Alerts
-@PeckShieldAlert released the following alert:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (all types, minimum $5M+ TVL) and @stable_fish - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Other News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-$BTC/stocks correlation indicator hits two-year lows, h/t @CoinDesk:
-Over $300M of inflows for digital asset funds the last 2 weeks, h/t @dunleavy89:
-$BTC open interest spiking, h/t @Blockworks_:
-Interesting chart c/o @redphonecrypto:
-Coinbase up 75% from June lows, h/t @TheDeFinvestor:
-LSD data from @ThorHartvigsen:
-Interesting stat that US airline travel is finally back to pre-covid levels, from @charliebilello:
-Some bullish speculation from a couple smart, typically sober-minded accounts:
-Gemini has apparently spent $100M on lawyers re: the DCG situation so far, h/t @0xngmi:
-Interesting chart from @Dynamo_Patrick:
-Good technical thread from @StableScarab:
-Newest livestream roundtable from @blocmatesdotcom going over the top stories in crypto:
-New crypto news overview from @coinbureau:
-Parting life wisdom from @BowTiedNightOwl:
Conclusion
Happy Wednesday good frogs! Stay alert out there!
And please RT/subscribe/etc if you found this valuable! :)
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Note
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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.