Happy Friday good frogs! Lots of stuff going on to say the least!!!
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: $1,909.70
Oil (WTI): $71.86
Stocks (from:@News4Moves):
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Another big update from the protocol everyone is talking about - @pendle_fi!
As you likely know by now, Pendle is an extremely cool yield/derivatives protocol… and we’ve been helping raise awareness about them since last November. They have been generating massive attention as a unique new defi primitive offering extremely interesting opportunities for investors, traders, and yield maximizoors…
Their newest announcement is that they just launched on @BNBChain - meaning all new yield opportunities await!
Make sure to follow them on Twitter for additional updates and check out their most recent tweet about the BSC deployment below!
Biggest TVL Movers + Else
Chains are very red today. Top 50 chains up at least 15% on the monthly include zkSync Era (#15), Polygon zkEVM (#39), and Neutron (#49).
Protocols are mostly red today as well. Top 100 protocols green on all three timelines (daily, weekly, monthly) include Compound (#9), JustStables (#13), Ondo Finance (#52), Conic Finance (#54), and Marinade Finance (#55).
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!)
-New project called @ionprotocol in beta testnet right now apparently. Twitter bio states “Official Twitter of Ion Protocol. The solution to unlocking validator staked assets.”
-Something new called @eBTCprotocol. Twitter bio states “Use stETH to borrow #BTC with 0% fees. 110% Min Collateralization - Immutable Smart Contract Based - 10x+ Leverage. COMING 🔜”. h/t @AresLabs_xyz:
-New protocol on Mantle called @lendlexyz. Twitter bio states “Lending and borrowing market on Mantle Network. Participate in DeFi with our decentralized, non-custodial liquidity market.” h/t @AresLabs_xyz:
-New project called @ThePepperDEX. Twitter bio states “A grassroots, community driven perpetual and expiring futures decentralized exchange platform. Built by the community for the community. Powered by @hxronetwork”. h/t @AresLabs_xyz:
-New project called @poply_xyz. Twitter bio states “Community Based NFT Marketplace on @monad_xyz”. h/t @AresLabs_xyz:
-Another new protocol on @monad_xyz called @tayaswap. Twitter bio states “AMM DEX on @monad_xyz Coming Soon...” h/t @AresLabs_xyz:
-Previously-mentioned @Surge_Fi has been added to @DefiLlama (Arbitrum). Again, Twitter bio states “Borrow, lend, long or short any token on any chain. Turn ON tweet notifications.”
-A new Pulse chain dex called @PHUXGiven has been added to @DefiLlama. Twitter bio states “…a Dex serving the PH Universe”.
-Previously mentioned @bucket_protocol - a new CDP protocol on Sui- has been added to @DefiLlama. Again, Twitter bio states “Bucket is a CDP protocol built on @SuiNetwork that enhances fund efficiency and stabilizes stablecoin prices via an instantaneous liquidation mechanism.”
Security Alerts
-A major hack has taken place re: @MultichainOrg’s Fantom bridge (recommend doing further research on this if you are just seeing it - also huge h/t to @DrakeOnDigital for quickly uploading the below how-to video on revoking approvals via @RevokeCash!):
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (minimum $1M+ TVL, single-exposure, and 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)
-Binance is generating intense discussion after several top executives reportedly left (as always recommend doing further research on this though):
-Related issue re: $TUSD, h/t @eking0x with embedded article from @aleks_gilbert:
-Various thoughts on the above from @DegenSpartan, @LomahCrypto, @NorthRockLP, @adamscochran, and @Pentosh1:
-Bond yields are violently spiking, dominating macro discussion:
-Bond markets now pricing in two more US rate hikes this year:
-US national debt has increased by almost $1T since the debt ceiling resolution last month, c/o @charliebilello:
-Interesting story from @Blockworks_:
-Circle (USDC) apparently getting into programmable-wallets/wallets-as-a-service:
-Macro sentiments c/o @blockchaingod69:
-Good thread from @0xYugiAI on nexus of AI and crypto, especially re: wallets, etc:
-Interesting tweet/data from @crypto_condom re: Rollbit:
-Excellent new thread from @redphonecrypto:
-Interesting new interview with @RaoulGMI from @invest_answers:
-Full version of Larry Fink interview that generated so many headlines yesterday:
-Sentiments c/o @basedkarbon:
-Parting wisdom c/o @thedefiedge and @Dynamo_Patrick c/o @QuotableCrypto:
Conclusion
Happy Friday degens! Stay alert out there amidst all the craziness!
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.