Happy Saturday friends! Weekends are for getting after it let’s go!!!
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: $1,924.40
Oil (WTI): $73.86
Stocks (from:@News4Moves):
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Silent Protocol @silentdao_ is a very cool new privacy-focused project with some extremely ambitious plans!
Rather than a standalone chain or a mixer, the idea is to create a composable encryption layer that allows privacy preservation within the EVM itself, allowing users to interact with defi protocols anonymously on a variety of different chains.
Our esteemed editor @rektdiomedes has been helping @silentdao_ with some drum banging, so make sure to follow them on Twitter for more updates as they continue building towards launch!
Biggest TVL Movers + Else
Chains are mostly green today. Biggest gainer on the weekly among top 50 chains is Stacks (#40) at +22.30%, and biggest loser is Algorand (#26) at -24.28%.
Protocols are mostly green today as well. Biggest gainer on the weekly among top 100 protocols is Alpaca Finance (#45) at +50.86%, and biggest loser is BendDAO (#87) at -44.21%.
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 Revenue 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!)
-New project with upcoming IDO called @BrightpoolX. Twitter bio states “Bid To Earn🔨 – a new type of trading. Orders with #realyield. $ETH for staking our token. DeFi reinvented.” h/t @offshoda:
-New protocol on Sei called @Kawafinance. Twitter bio states “Kawa is a permissionless borrowing and lending protocol, streaming liquidity across multiple networks”. h/t @OnlineTuyu62000:
-New project on Sui called @volo_sui. Twitter bio states “DAO and DeFi platform integrating Liquid Staking on @SuiNetwork Powered by $VOLO”.
-Something new on Starknet called @expectiumio. Twitter bio states “Decentralized Information Market on #Starknet Join community 👉🏻”.
-Something new called @pgn_eth. Twitter bio states “PGN is both a digital schelling point and the world’s first L2 that works to create durable and recurring funding for public goods.” h/t @AresLabs_xyz:
-New Aptos NFT aggregator called @Mercato_xyz. Twitter bio states “The fastest, most comprehensive NFT Aggregator on Aptos, built for serious NFT traders…” h/t @AresLabs_xyz:
-New amm on @0xMantle called @magma_fi. Twitter bio states “An innovative AMM using incentive-alignment to keep the liquidity flowing hot and glowing bright on @0xMantle $MAGMA 🚀 🔄 💎” h/t @AresLabs_xyz:
-Another new @0xMantle protocol called @Ammosfinance. Twitter bio states “Pro trading experience with ultra-concentrated liquidity, limit orders and managed liquidity provisioning (MLP) | DEX built on @0xMantle”. h/t @AresLabs_xyz:
-Previously-mentioned @RadiateProtocol has been added to @DefiLlama. Again, Twitter bio states “Earn boosted yield on Radiant with no lockups!”
-Previously-mentioned @PinnakoDex has been added to @DefiLlama. Twitter bio states “Next-Gen Derivatives Exchange on the #Zksync & #Mantle. Launching with a perpetual market, coupled with our pioneering Hybrid LP solutions. ticker: $PIKO”.
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (minimum $5M+ TVL, single-exposure, and no-IL only) and @stable_fish - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Other News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-Interesting story re: ChatGPT sending Bitcoin payments generated a lot of attention today:
-Solana leading the top 100 in weekly price change %, h/t @VentureCoinist:
-Interesting data on Bitcoin whales and cold storage/cex holding from @CoinDesk via @glassnode:
-SEC apparently going after defi protocol @barnbridge (note: we saw this pop up yesterday but were waiting for confirmation it was real):
-Some interesting LSD data from @Flowslikeosmo:
-$crvUSD usage rising, h/t @DAdvisoor:
-Lot of focus on Justin Sun’s current on-chain movements right now, sample from @etheraltog below:
-Good chart on L2 stablecoin liquidity from excellent thread of Arbitrum stats from @Deebs_DeFi:
-Thoughts on risk from @blockchaingod69:
-Interesting new missive from Arthur Hayes:
-Thread on DCG/Barry Silbert from @ramahluwalia (note: as always please do your own research on these contentious topics though):
-Bullish sentiments c/o @jake_pahor:
-Thought-provoking graphic from @DegenSpartan:
-New livestream from @leviathan_news featuring @traders_insight, @CurveCap, and @DAdvisoor going over all the top stories in defi:
-Excellent new roundtable discussion from @thebellcurvepod on a variety of crypto-related topics, featuring @MikeIppolito_, @smyyguy, and @WestieCapital:
-Long roundtable discussion from @DefiantNews featuring macro + crypto gigabrain @KrugerMacro:
-Some parting positivity from @blknoiz06:
Conclusion
Happy Saturday frens! Don’t forget to touch some grass this weekend!
And please RT/subscribe/etc if you found this valuable! :)
-
-
Note
Periodic reminder to donate to @DefiLlama if you can do so!
This is not sponsored by them or anything - just like to periodically remind folks of the option to do so as we appreciate the immense amount of free data they provide tremendously!
-
-
-
***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.