Happy Saturday friends! Feels like it could be a big weekend!
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: $1,958.20
Oil (WTI): $71.78
Stocks (from @News4Moves):
Biggest Price Movers
(From @coingecko top 1000)
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 privacy-preserving service one can actually use to interact with defi protocols anonymously 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 their latest announcement below re: their integration with Olympus DAO!
Biggest TVL Movers + Else
Chains are mostly green today. Fastest-growing chains on the weekly with at least $1M TVL are Bitindi at +212% and $2.0M TVL, ThunderCore at +35.16% and $4.5M TVL, and Elastos at +16.51% and $1.1M TVL.
Protocols are very green today. Fastest-growing protocols on the weekly with at least $1M TVL are Polygon zkEVM dex Dove Swap at +238% and $2.7M TVL, multichain derivatives platform Voltz at +134% and $2.6M TVL, and Algorand RWA protocol Meld Gold at +96.79% and $3.4M TVL.
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 L1 called @burnt_ apparently launching their public testnet. Twitter bio states “Burnt is building XION, the only layer-1 blockchain specifically built for consumer adoption. Backed by Animoca, Multicoin, Circle, and more”.
-Something new called @Protectoratexyz. Twitter bio states “The Definitive Liquidity Layer for NFTs.”
-New Arbitrum protocol called @rosa_finance. Twitter bio states “Rosa Finance is a decentralized, non-custodial liquidity market protocol on @arbitrum.” h/t @banan0x:
-New zkSync project called @DerpDEXcom. Twitter bio states “Trade 🧐, earn 🤑, stake 🤩 , and launch 🤯 crypto with the best DEX on the internet. Testnet launched on @zkSync”.
-New protocol called @ambient_finance. Twitter bio states “Zero-to-One Decentralized Trading Protocol”.
-Something new on Starknet called @EkuboProtocol. Twitter bio states “Next-generation AMM built for Starknet, coming soon!” h/t @AresLabs_xyz:
-Something new called @Kapinus_io on BSC has been added to @DefiLlama. Twitter bio states “Together we solve the problem of Impermanent losses. Less volatility, more stable. #Kapinus #Kapinusio #Brazil #Argentina #DEFI #DEX #latinamerica”.
-Previously-mentioned @CarmineOptions on Starknet has been added to @DefiLlama. Twitter bio states “Options for community.”
Security Alerts
-@PeckShieldAlert released the following alert regarding an ongoing exploit of something called ‘Atlantis Loans’:
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)
-BlackRock ETF filing continues to dominate crypto discussions, with sentiments mostly positive. Here’s some samples and analysis from @dunleavy89, @adamscochran, and @alphs_pls:
-The US now has positive real rates (Fed Funds rate above rate of inflation) for first time since 2007:
-Good thread from @adamscochran analyzing the recent leaks of 2021 Tether info, with some back and forth with Tether CTO @paoloardoino in the comments:
-@FraxFinance is apparently releasing its own L2:
-Great visual of increasing dex vs cex market share on spot volume, from an excellent thread of bullish crypto charts from @Ethanh141:
-Real world asset (or ‘RWA’) protocols such as Ondo Finance and RealT continue to gain TVL, h/t @Dynamo_Patrick:
-Interesting data point from @ThHappyHawaiin that apparently Home Equity Line-Of-Credit balances in the US are currently equal to less than 1% of home equity, compared to almost 7% in 2008:
-Latest @truflation data:
-Some interesting LSD stats from @Flowslikeosmo:
-Extremely valuable macro thread from @LynAldenContact:
-More macro sentiments, c/o @LukeGromen:
-New video from @TaikiMaeda2 with thoughts + analysis of current defi/crypto landscape:
-New roundtable discussion on all the top stories in crypto from @thebellcurvepod featuring @pythianism, @MikeIppolito_, @im_manderson, and @MylesOneil:
-Excellent new livestream on crypto + macro from @noahseidman:
-Parting wisdom from @zerototom:
Conclusion
Happy Saturday friends! Stay alert out there!
And please RT/subscribe/etc if you found this valuable! :)
-
Note
If you trade using GMX we’d be honored if you use our referral link to help support The Daily Degen! It will also provide you 10% off your trading fees :)
https://gmx.io/?ref=thedailydegen
-
***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.