Happy Wednesday 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: $1,937.40
Oil (WTI): $70.55
Stocks (from:@News4Moves):
Biggest Price Movers
(From @coingecko top 1000)
Spotlight
Attention yield maximalists: @StructFinance is releasing two new yield products!
As background, @StructFinance is a new protocol we are helping build awareness about that is building on Avalanche and unlocking gigabrain structured finance products for defi users to use to maximize their risk-adjusted yields!
One of the first protocols they are building upon is @GMX_IO and its GLP vaults, where they have created a novel tranche-based system, taking one of the better mechanisms from the tradfi derivatives world and applying it to defi…
Their protocol just launched so make sure to visit their site here to check out the incentivized vaults, high apr’s, and general Chadish vibes!
Many more big updates to come from the Struct team so make sure to follow them on Twitter too and check out the below tweet on the two new products!
Biggest TVL Movers + Else
Chains are very green today. Top 30 chains green on all three timelines (daily, weekly, monthly) include Mixin (#8), DeFiChain (#12), Bitcoin (#15), Rootstock (#22), Gnosis (#25), and Tezos (#28).
Protocols are also very green today. Top 100 protocols up at least 10% on the weekly include PulseX (#27), Bwatch (#28), Radiant (#32), Lightning Network (#46), Marinade Finance (#62), OKC Liquid Staking (#68), Kava Earn (#98), and Kava Liquid (#99).
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!)
-New protocol called @lucid_fi. Twitter bio states “What if your dreams became reality? 🔮 Unlock the boundless potential of your Ethereum portfolio with Digital USD. Coming soon 🦇🔊”. h/t @0xFinish:
-New Arbitrum protocol called @ArbalestFinance. Twitter bio states “Arbalest is a DeFi Yield Optimizer project, built on the #abritum that allows its users to make more crypto with crypto.”
-New Cardano project called @levvyfinance. Twitter bio states “just a sloth”. h/t @TheCardanoTimes:
-Something new called @arbidollar. Twitter bio states “arbiDollar brings interest-free borrowing to @arbitrum. Issuer of the non-custodial $ARD stablecoin. Powered by @LidoFinance's $wstETH. Come join us!”
-Something new on Pulse chain that has been added to @DefiLlama called @DaytonaFinance. Twitter bio states “Stake💎, Earn📈, & Cruise🚗 The BEST ecosystem on #PulseChain”.
-Another new Pulse Chain protocol called @Gplx_io has been added to @DefiLlama. Twitter bio states “Decentralized Perpetual Exchange on Pulsechain!”
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (minimum $1M+ 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)
-Big spike in crypto prices today, with Bitcoin back over 29k:
-More news on the institutional adoption front:
-Related sentiments from @HsakaTrades:
-Related sentiments from @Awawat_Trades:
-Stablecoin inflows on the rise, h/t @francescoweb3 via Chainalysis:
-Interesting macro chart from @dunleavy89:
-Some interesting data/good hopium from @adamscochran:
-New article from Vitalik:
-Good thread on EDX Markets from @ramahluwalia:
-Thoughts from @MikeIppolito_:
-Excellent new thread from @redphonecrypto:
-Good thread on @FraxFinance’s new L2 announcement, from @CryptoNikyous:
-New macro interview from Wealthion with @NorthmanTrader:
-New interview from @theempirepod with @icebergy_:
-New interview between noted crypto traders @WorstContrarian and @therobotjames:
-Parting thoughts from @pythianism:
Conclusion
Happy Wednesday friends! Keep 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.