Happy Thursday dear frogs!
Quite the animal spirits we are seeing :)
Stats/alerts/etc at top and tweets/news/links/videos/etc at bottom as always!
Market Update
Crypto (from @cryptobubbles24):
Gold: $1,930.20
Oil (WTI): $72.30
Stocks (from:@News4Moves):
Biggest Price Movers
(From @coingecko top 1000, 24 hour change)
Spotlight
The good gents at @staderlabs_eth continue to roll out new updates!
As background, @staderlabs_eth is an LSDfi protocol, and their new innovation $ETHx is a decentralized and scalable liquid-staking derivative that their team has developed!
Their website describes $ETHx as “a liquid staking token designed to maximize rewards while securing Ethereum”, and we’ve been helping them raise awareness about it!
Make sure to follow them on Twitter, and check out their most recent tweet + blog post below on their ‘ETHx Power Pledge’!
Biggest TVL Movers + Else
Chains are very green today. Biggest gainer on the monthly among top 30 chains is zkSync Era (#17) at +37.40% and biggest loser is Fantom (#14) at -32.98%.
Protocols are very green as well. Top 100 protocols up over 20% on the weekly include PulseX (#27), Lybra Finance (#40), Lightning Network (#45), Index Coop (#95), Kava Earn (#97), and Kava Liquid (#98).
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):
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 @SumerMoney. Twitter bio states “Cross-chain synthetic assets protocol with a future unified lending and borrowing market. Unlocking the latent potential in DeFi by enabling efficiency.”
-Something new called @VelarBTC. Twitter bio states “DeFi Liquidity Protocol on Bitcoin”.
-Something called @MitoFinance. Twitter bio states “Project X is now Mito: A groundbreaking Web3 protocol that revolutionizes automated trading and yield generation.”
-Something called @MaltProtocol. Twitter bio states “🥃 Malt is stable coin that shares profits from arbitraging itself with LPs.”
-Something new on Filecoin called @MineFiDAO has been added to @DefiLlama. Twitter bio states “A decentralized storage service profit platform that solves the security of pledged coins. #Filecoin #NewWebGroup”.
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (minimum $5M+ TVL, single-exposure, no-IL only) and @stable_fish - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Other News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-Bitcoin rose back above 30k for the first time since April and only the second time in the last year:
-Federal Reserve Chairman Jerome Powell very reluctantly admitted crypto might have staying power in the economy, in a statement that generated lots of headlines yesterday (click on below tweet from @SolanaFloor to see video):
-Lots of animal spirits on ze TL:
-Interesting update re: Binance/SEC, c/o @Tree_of_Alpha:
-$BTC and $ETH up 74% and 51% so far this year, respectively (h/t @Flowslikeosmo):
-@DefiLlama adding even more (free) data, now tracking protocols’ Twitter usage:
-@LukeGromen on macro/gold/etc:
-Some interesting data on recent performance by categories of coins, from @thedefivillain:
-Excellent new thread from @redphonecrypto:
-Interesting future prediction from @Pentosh1:
-Extremely good new macro article on the idiosyncrasies of the modern tradfi markets from @hkuppy via @kuppyskorner:
-Sentiments c/o @DegenSpartan:
-Very interesting thread of thoughts on the Bitcoin ETF filings, from @MattWalshInBos:
-New livestream from @leviathan_news featuring guest appearance from @0xSaitama, discussing options in defi:
-New interview with @muneeb re: Stacks and Bitcoin-defi from @0xResearch:
-Full video of Jerome Powell’s testimony/Q&A before congress yesterday:
-Parting thoughts on potential $ETH reflexivity loop, from excellent thread by @zerototom:
Conclusion
Happy Thursday friends!
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.