Happy Tuesday friends! Lots of stuff going on!
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: $1,949.20
Oil (WTI): $70.88
Stocks: N/A
Biggest Price Movers
(From @coingecko top 1000)
Spotlight
Attention yield-respectoors… the gents at @Rodeo_Finance have unveiled the details of their coming public sale on @CamelotDEX!
If you aren’t familiar with them, @Rodeo_Finance is a new leveraged yield project building on top of all the top Arbitrum defi protocols (such as Pendle, Trader Joe, etc!), giving discerning farmers the chance to maximize their yields, with leverage, all from a single easy to use UI…
The Rodeo site is already live and users are earning yield right now, and next up is the coming public sale!
Check out their in-depth thread below for whitelist criteria, details on the sale, and everything else you need to know!
Biggest TVL Movers + Else
Chains are mixed today. Biggest gainer on the weekly among top 30 chains is Pulse (#10) at +13.42%, and biggest loser is Canto (#27) at -26.47%.
Protocols are mixed today as well. Top 100 protocols green on all three timelines (daily, weekly, monthly) include Blur (#45), Ondo Finance (#48), Pendle (#61), Marinade Finance (#62), RealT (#70), UwU Lend (#80), and MatrixDock (#81).
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 Protocols/Chains By 7 Day Fee Generation (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 project called @PerlinFinance. Twitter bio states “An omnichain lending protocol, starting with NEO. Guess where we are building next.”
-New Solana project called @superstakesol. Twitter bio states “supercharge your mSOL yield with one click | coming soon to @solana | powered by @driftprotocol”.
-What appears to be a new project launching testnet (if understanding right) called @TapioFinance. Twitter bio states “$tapETH - The first LST-focused LP token with utility within DeFi, pegged to ETH and generates real yield for holders. Backed by @polychain & @Arrington_Cap”.
-Something new on Arbitrum called @pairex_io has been added to @DefiLlama. Twitter bio states “Decentralized Perpetual Exchange Powered by @arbitrum (💙,🧡) Trade BTC and ETH with up to 100x leverage, 0️⃣ slippage and 0️⃣ spread”.
-Previously-mentioned @TigrisTrades on Arbitrum + Polygon has been added to @DefiLlama. Again, Twitter bio states “Not a fork. Perp platform. Trade Forex and Crypto with 2x-500x lev. Instant execution and guaranteed orders on 30+ pairs”.
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (all types, minimum $1M+ TVL) and @stable_fish - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Other News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-$BTC dominance climbs over 50%, h/t @jake_pahor:
-US stock market continuing to climb:
-Rumors about Fidelity making a buyout offer on Grayscale Bitcoin Trust, h/t @RichardByworth via @DegenSpartan:
-Bank Of England continuing to raise rates with the UK still facing double-digit inflation:
-More info on potential selling pressure on select alts via Celsius, from @lookonchain:
-@etherscan apparently adding an AI component, h/t @CoinDesk:
-US single family real estate showing paradoxical strength despite high rates:
-Thread on the BlackRock Bitcoin ETF S-1 filing from @ramahluwalia:
-New livestream from @leviathan_news featuring @traders_insight, @CurveCap, and @DAdvisoor discussing all the top stories in crypto:
-New interview with macro gigabrain @LukeGromen:
-New video from @Ceazor7 on Uniswap V4:
-Important sentiments from @Route2Fi:
-Parting wisdom from @resdegen:
Conclusion
Happy Tuesday lads! Let’s get after it!
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.