Happy Sunday friends! The excitement continues!
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: N/A
Biggest Price Movers
(From @coingecko top 1000)
Spotlight
Attention yield maximalists… we’d like to draw your attention to what the good gents at @steadefi are doing!
Steadefi is an extremely cool protocol on Avalanche and Arbitrum we’re helping raise awareness about, that provides a wide selection of yield strategies, automated risk and position management for stress-free leveraged yield farming, and also clear risk-off and risk-on tracks with transparent data on ROI…
Their current Liquidity Bootstrapping campaign is going strong, with all sorts of opportunities for discerning farmers! Make sure to specifically check out their ETH-USDC Neutral Vault, which has been shining lately during all of the downward and crabbing market action!
Biggest TVL Movers + Else
Chains are extremely red again today. Only top 30 chain with any green on it at all is zkSync Era (#17). Top 30 chains down at least 15% on the weekly include BSC (#3), Pulse (#10), Fantom (#14), Cardano (#19), Osmosis (#20), Algorand (#21), Ronin (#24), EOS (#25), and MultiversX (#30).
Protocols are a bit more mixed today. Top 100 protocols down at least 20% on the weekly include Synthetix (#26), PulseX (#27), Alpaca Finance (#30), BiSwap (#52), Kava Lend (#63), Marinade Finance (#67), Stader (#79), Chronos (#86), Wombat Exchange (#90), and Algofi (#100).
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 NFT Marketplaces By 7 Day Volume (from @DefiLlama):
Other Data Points
Bitcoin Fear/Greed Index:
(from @BitcoinFear)
Ethereum Fear And Greed Index
(from @EthereumFear):
Crypto Volatility Index
(from @CVIdaily)
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 called @AvailProject. Twitter bio states “Avail is a modular blockchain with a data availability layer designed to scale blockchain networks.”
-New project called @diffusefinance. Twitter bio states “A concentrated liquidity platform built for DeFi-native assets. Make the most of your liquidity with single-token staking, long/short vaults and low slippage.”
-Previously-mentioned @FroggyYields has been added to @DefiLlama. Again, Twitter bio states “🌊 #YieldAggregator on #ZkSyncEra 🚀Auto-Compounding Strategy on #SyncSwap #ReactorFusion 🎨#NFT Boosting…”
Security Alerts
-@Bitboy_Crypto’s Twitter account has apparently been hacked, h/t @xerocooleth:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (minimum $5M+ TVL, single-exposure, 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)
-Coinbase continuing to take hard line against efforts from SEC:
-Fascinating chart from @ASvanevik showing staked $ETH on track to soon exceed $ETH on centralized exchanges:
-Another fascinating chart, from @MessariCrypto, showing that $ETH and $BNB were only major tokens to experience deflation in Q1, at -5.4% and -0.2% respectively:
-Interesting macro data on commodity price changes in the last year:
-Bullish sentiments from Arthur Hayes:
-US commercial real estate crisis continues to gain steam:
-@cobie shared some market cycle thoughts:
-Update on the regulatory front from pro-crypto Senator Cynthia Lummis:
-Fascinating thread from @concodanomics for our most hardcore macro fans:
-Interesting tweet on US car market:
-Wise thoughts from @AlanaDLevin:
-Excellent thread from @CryptoKoryo of market analysis:
-Thoughts from @ChainLinkGod:
-New weekly roundup video from @BanklessHQ featuring @TrustlessState and guest @sassal0x:
-New video from @Blockworks_ featuring @MikeIppolito_ and @MarkYusko:
-Parting wisdom from @Pentosh1 and @_FabianHD:
Conclusion
Have a great Sunday friends and stay alert out there!
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.