Happy Monday frens! Another big week ahead of us!
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: $1,956.60
Oil (WTI): $70.75
Stocks: N/A
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 mixed today. Top 30 chains down at least 20% on the monthly include BSC (#3), Fantom (#14), Osmosis (#20), Algorand (#21), EOS (#26), and Canto (#27).
Protocols are mostly red today. Protocols up at least 10% on the monthly include Lybra Finance (#44), Conic Finance (#56), Pendle (#61), SashimiSwap (#71), UwU Lend (#79), Tranchess (#87), and SyncSwap (#90).
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):
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!)
-New/newish protocol called @BisoSwap. Twitter bio states “Based on the Ordinal protocol and simplifies #BRC20 transaction complexity #BTC”.
-Something new on Cardano called @yamfore. Twitter bio states “Crypto loans with no margin calls or ongoing interest repayments, and indefinite loan terms? Yes, it's possible! 🍠”.
Security Alerts
-@PeckShieldAlert released the following alert today:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (all types, minimum $5M+ TVL) 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)
-Macro schedule for the week ahead, h/t @_FabianHD:
-Lot of discussion re: @elonmusk, @ExplainThisBob, and @BobEthToken:
-Bullish sentiments on the potential Bitcoin ETF, by way of comparison to gold ETF $GLD, via @WClementeIII:
-Interesting update on the Michael Egorov/$CRV collateral/Aave situation, h/t @leviathan_news:
-Popular protocol @AuraFinance will apparently be launching on Arbitrum:
-Intense NFT trading still taking place on @blur_io, h/t @CirrusNFT:
-A number of ‘RealYield’ protocols saw significant jumps in fee generation last week, h/t @Flowslikeosmo:
-New proposal to add $WBTC as collateral for $crvUSD on @CurveFinance, h/t @leviathan_news:
-Good thread on potential narratives to keep an eye on, from @lou_markets:
-Another very long + thorough macro thread from @concodanomics for our most hardcore macro fans:
-Good new macro video from Brent Johnson’s Milkshakes Markets Madness podcast:
-Newest video from @coinbureau:
-Parting (bullish) sentiments from @pentosh1 and @santiagoroel:
Conclusion
Happy Monday friends! Here’s to a big week!
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.