Happy Thursday friends! Lots of stuff going on!
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: $1,919.10
Oil (WTI): $71.70
Stocks (from:@News4Moves): N/A
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Looking for avenues to earn on-chain yield on $BTC anon? @StructFinance has your back!
As background, @StructFinance is a new protocol we are helping build awareness about that is building on Avalanche and unlocking gigabrain structured finance products for defi users to use to maximize their risk-adjusted yields!
As detailed in this excellent Medium article, Struct is going to be offering users the chance to earn yield via $BTC exposure through their new BTC-USDC Interest Rate Product, made possible by effectively leveraging Avalanche’s BTC.B (Bridged Bitcoin).
Many more big updates to come from the Struct team so make sure to follow them on Twitter too and learn more about the above via the aforementioned Medium article!
Biggest TVL Movers + Else
Chains are mixed today. Fastest-growing chains on the weekly with at least $1M TVL are Nuls at +31.93% and $4.6M TVL, Evmos at +30.30% and $2.4M TVL, and Icon at +28.50% and $10.3M TVL.
Protocols are mostly red today. Top 200 protocols up at least 40% on the monthly include Morpho (#23), Lybra Finance (#27), Origin Defi (#81), Swell (#93), Mux Protocol (#98), Maverick Protocol (#100), Magpie Ecosystem (#103), Tangible (#112), Inverse Finance (#113), Equilibria (#158), Spark (#190), and Kieva Farm (#198).
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 Trading 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 @axiom_xyz is apparently launching. Twitter bio states “The ZK Coprocessor for Ethereum…”
-Something new called @BnzkLabs. Twitter bio states “1st #zk empowers #decentralized protocols for #Bitcoin #Native ecosystem by Bnzk Labs…” h/t @AresLabx_xyz:
-Something new called @QEDProtocol. Twitter bio states “QED Protocol is the world's first zk-Native Blockchain Protocol. Designed (∀) for all the world's builders by @OASNetwork.” h/t @AresLabx_xyz:
-Something new on Pulse chain called @ChirpFinance has been added to @DefiLlama. Twitter bio states “Chirp Finance aspires to be Pulsechain's all-in-one protocol, offering yield generation, vaults, battles, lending, and more…”
-New/newish Filecoin protocol called @HashKingGlobal has been added to @DefiLlama. Twitter bio states “KingHash is a ETH/FIL staking protocol that can help users to discover the best staking strategies.”
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (all types, minimum $1M+ 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)
-BlackRock CEO Larry Fink made some very positive statements about Bitcoin and crypto today that generated lots of attention (click first tweet to watch video):
-NFT royalty payments hit two year low:
-Grayscale Bitcoin Trust’s discount to NAV now down to 27%, the lowest its been in over a year, h/t @JoeConsorti:
-Crypto liquidity situation still looking a bit bleak, h/t @dunleavy89:
-Analysis of possible ETF pre-listing buy pressure, also h/t @dunleavy89:
-Student loan situation in US still generating attention:
-Another excellent thread of LSD stats + analysis from @KopremesisE:
-Prognostication c/o @DegenSpartan:
-Bullish sentiments from @zerototom:
-Another very good (and massive) thread from @concodanomics for our most hardcore macro fans:
-Positive sentiments c/o @Pentosh1:
-Excellent interview with @OuroborosCap8 from @FlywheelDeFi, primarily focused on @FraxFinance $FXS:
-Extremely good interview with @LynAldenContact on situation in macro and crypto from @BanklessHQ:
-Good new episode of @thebellcurvepod featuring @MikeIppolito_ and @MylesOneil discussing the liquid staking protocol landscape and its future:
-Parting sentiments from @DSTNYgroup and @godcomplex96:
Conclusion
Happy Thursday my good frogs! Let’s get after it!
And please RT/subscribe/etc if you found this valuable! :)
-
-
Note
@ReveloIntel has become one of the highest quality research + intel services in all of crypto, providing institutional quality research that includes massive project breakdowns, analyst notes, podcast and AMA summaries, alerts, exclusive webinars and interviews, access to the private Revelo Discord server, and more!
Revelo was founded by our friend @NickDrakon, and we are very proud to offer Daily Degen readers a special discount for it - using the code DEGEN10 - when you sign up through our referral link!
-
-
-
***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.