Happy Saturday good degens! Nice little bounce we’re seeing!
Let’s get after it!
Stats/alerts/etc at top and tweets/news/links/videos/etc at bottom… and all tweets are hyperlinked so just click on them to pull them up on Twitter!
Market Update
Crypto (from @CryptoBubbles24):
Gold: $2399.80
Oil (WTI): $83.16
US 10Y Treasury: 4.277%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Are you going to ETHcc anon?!? If so make sure to meet up with the crew from @vertex_protocol!
They are going to be holding a very cool event you should most definitely check out!
From the event description:
“Mark your calendars for degenerate fun with Vertex and Pudgy Penguins.
Step away from screens and mingle with crypto’s coolest kids. Free drinks, finger food, and only the best vibes.
Stop by to huddle with your fellow pengus, and learn more about Vertex Protocol - the place to go long or short in this market.“
And as always Vertex is our Official Sponsor so make sure to get started with them now for stellar yields and 40+ perps & spot markets on their site at app.vertexprotocol.com! And make sure to follow them on Twitter for more updates!
Biggest TVL Movers + Else
Chains are all bouncing back up today. Biggest gainers on the weekly among chains with at least $50M TVL are Scroll, MultiversX, and Mantle.
Protocols are also quite green today. Biggest gainers on the weekly among protocols with at least $50M TVL are Sushi (although believe this is actually a data glitch or something), DeSyn Protocol, Symbiotic, Amphor, and Stargate Finance.
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 Entities By 24 Hour Fee Generation (from @DefiLlama):
Bitcoin Fear/Greed Index:
(from @BitcoinFear)
Top Trending Tokens:
(from @dexscreener - 24 hour timeframe)
New Projects
(note: this includes new projects we find through combing Twitter each day, and we also include or re-include every newly launched protocol added by @DefiLlama that has at least some TVL or is followed by at least some of our mutuals - hence disclaimer: these are not pre-vetted by us so make sure to DYOR!)
-Something new called @nufflelabs. Twitter bio states “Data Availability? Fast Finality? There’s ‘nuff for everyone. NEAR DA and Fast Finality Layer AVS. ‘Nuff said.” Followed by 35 of our mutuals. h/t @DeFiMinty:
-New/newish Arbitrum yield protocol called @D2_Finance has been added to @DefiLlama. Twitter bio states “Tokenized Derivatives Strategies 🫐 🐻⛓️🔺 $D2”. Followed by 20 of our mutuals.
-New project listed as ‘Farm’ on ETH Mainnet/BSC called @AstherusHub has been added to @DefiLlama. Twitter bio states “Scale your Staked Assets Astherus Enigma: Stage 0 Now Live!” Not Followed by any of our mutuals but has over $15M in TVL.
-New yield aggregator on Sui called @AlphaFiSUI has been added to @DefiLlama. Twitter bio states “Smart Yield Aggregator. Best Safe Real Yields on @SuiNetwork . Integrating @navi_protocol @scallop_io @CetusProtocol @HopAggregator”.
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (all types, $1M+ TVL) - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Security Alerts
-No security alerts today.
Important News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-This correction marks the end of Bitcoin’s longest ever streak without a 25% drawdown, h/t @caprioleio:
-Celsius is reportedly suing users who withdrew up to 90 days before it declared bankruptcy to clawback funds:
-US unemployment rate up a bit but still very low by historical standards, h/t @charliebilello:
-Interesting stats on some prominent alts from @CryptoNikyous:
-Market back to pricing in likelihood of two Fed rate cuts by end of year:
-Interesting stat from @thedefivillain:
-Additional headlines c/o @Cprinze_:
-Macro hypothesizing from @krugermacro:
-Thoughts from @cobie:
-Thoughts from @heartereum:
-Thoughts from @Awawat_Trades:
-New roundtable discussion from @0xSteadyLads podcast on the state of the market:
-New episode of @thebellcurvepod featuring @pythianism, @im_manderson, and @MikeIppolito_:
-Parting wisdom from @jediblocmates c/o @QuotableCrypto:
Conclusion
Hang in there good anons!
And please RT/subscribe/etc if you found this valuable!
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Note
The team at @silentdao_ is diligently working on some extremely important privacy tech, building what is essentially meant to be a middleware privacy/encryption layer designed to facilitate composable privacy solutions within the EVM itself... so that you can utilize all the same mechanisms and protocols on-chain you normally would, but with built-in privacy protection while you do so!
Our editor @rektdiomedes has been helping raise awareness about what the @silentdao_ team have been building, and their launch is coming soon, so make sure to follow them on Twitter for more updates!
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***Note On Material: The ‘Spotlight’ and ‘Note’ sections and info on our Official Monthly Sponsor 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.