Happy Saturday friends! Quite the price action we're seeing today!
Let’s dive in!
Stats/alerts/etc at top and tweets/news/links/videos/etc at bottom as always!
Market Update
Crypto (from @cryptobubbles24):
Gold: $1,960.70
Oil (WTI): $70.17
Stocks (from:@News4Moves):
Biggest Price Movers
(From @coingecko top 1000)
Spotlight
Silent Protocol @silentdao_ is an extremely interesting new project being built to further the ability of degens to navigate ze brypto world with privacy.
Rather than a standalone chain or a mixer, the idea is to create a privacy-preserving service one can actually use to interact with defi protocols privately on a variety of EVM chains.
Our esteemed editor @rektdiomedes has been helping @silentdao_ with some ambassadooring, so make sure to follow them on Twitter and check out the fascinating below thread from them as well!
Biggest TVL Movers + Else
Chains are extremely red today. Only top 50 chains green on the weekly are zkSync Era (#18), Polygon zkEVM (#43), and Stellar (#48).
Protocols are also extremely red today. Only top 100 protocols green on the weekly are Morpho (#25), BendDAO (#43), Conic Finance (#55), Ondo Finance (#60), Pendle (#62), RealT (#71), UwU Lend (#81), MatrixDock (#82), Kava Mint (#84), SyncSwap (#88), and Gains Network (#96).
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 Stablecoin Inflow % (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 zkSync protocol called @BasiliskOrg. Twitter bio states “Basilisk is an open lending & borrowing DeFi protocol built on zkSync.”
-New project called @hover_market. Twitter bio states “Bringing capital efficiency to Kava, Cosmos, and beyond. Building with @RomeBlockchain.”
-Something new called @Quidi_finance. Twitter bio states “QUIDI is a concentrated liQUIdity protocol. Invest in #DeFi, provide #liquidity and earn interest”.
-New protocol on Polygon called @PearlFi_. Twitter bio states “Polygon's premiere ve(3,3) exchange with deep liquidity for tokenized RWAs and premium digital assets.”
-Previously-mentioned @UrDEX_Finance has been added to @DefiLlama. Again, Twitter bio states “A non-custodial, Perpetual Decentralized Exchange on the #Arbitrum Chain 🚀”.
-Something new called @xBankFinance has been added to @DefiLlama. Twitter bio states “The premier decentralized non-custodial liquidity market protocol built on @Starknet & @zkSync”.
-Something new on Arbitrum called @GambitProtocol has been added to @DefiLlama. Twitter bio states “Casino backed Stablecoin | Coming Soon on #Arbitrum”.
-@Equilibriafi has been added to @DefiLlama. Twitter bio states “First yield booster on top of @Pendle_fi. Designed and Innovated for Pendle. Join us and swing your yield to new heights!”
-Something new called @OMTFinance has been added to @DefiLlama. Twitter bio states “📈 Perpetual #DEX with zero position fees on @Arbitrum and @ONUSChain Trade $BTC, $ETH with up to x50 leverage!”
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (all types, minimum $5M+ TVL) - 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)
-Crypto extremely red today, h/t @jake_pahor:
-Alts leading the way on price action:
-Lots of focus on news re: Jump, Robin Hood, etc:
-Update on Fed rate hike expectations:
-New blog post from Vitalik generated a lot of discussion yesterday:
-Interesting news re: oil markets:
-Wisdom c/o @defi_naly:
-Interesting story re: Mt Gox:
-Alfa from @Flowslikeosmo?
-Sentiment check c/o @0xWangarian:
-New roundtable discussion from @thebellcurvepod, featuring @JasonYanowitz, @MikeIppolito_, @pythianism, and @im_manderson:
-Interesting new macro discussion from Wealthion between @menlobear and @TaviCosta:
-Newest livestream on crypto/macro landscape from @noahseidman:
-Parting wisdom c/o @DeFiMann and @TheFlowHorse:
Conclusion
Have a great Saturday friends and don’t forget to touch some grass amidst the carnage!
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.