Happy Sunday good frogs! Tradfi closed but crypto never sleeps!
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: $1,920.20
Oil (WTI): $69.16
Stocks: N/A
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Attention degens: @StructFinance needs your help getting on @DeBankDefi!
As background, Struct 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…
Click their tweet below to learn more and follow their Twitter account and vote to help with their DeBank listing!
Biggest TVL Movers + Else
Chains are mixed today. Biggest gainers on the weekly with at least $1M TVL are smartBCH at +85.75% and $6.4M TVL, Neutron at +40.35% and $20.4M TVL, and Sora at +30.44% and $1.5M TVL.
Protocols are mostly green today. Biggest gainers on the weekly with at least $1M TVL are Aada (a lending protocol on Cardano) at +1,614% and $5.6M TVL, HashMix FIL (a staking protocol on Filecoin) at +268% and $1.6M TVL, and EquilibriaFi (a vote aggregator/flywheel/etc protocol on Eth Mainnet and Arbitrum) at +172% and $20.2M TVL.
Here’s The Top 12 Chains By TVL (from @DefiLlama):
Here’s The Top 12 Protocols By TVL (from @DefiLlama):
Here’s The Top 12 Protocols And/Or Chains By 24 Hour Fee Generation (from @DefiLlama):
Other Data Points
Bitcoin Fear/Greed Index:
(from @BitcoinFear)
Ethereum Fear And Greed Index
(from @EthereumFear):
Crypto Volatility Index
(from @CVIdaily):
Fee Generation:
(from cryptofees(dot)info)
Note: For some reason cryptofees’ data does not seem to be updating, and we do not know how to reach out to them unfortunately... Hoping it gets fixed soon!
New Protocols
(note: this includes new defi protocols we find through combing Twitter each day, and we also include every (newly launched) protocol added by @DefiLlama - hence disclaimer: these are not pre-vetted by us so make sure to DYOR!)
-Something new called @symm_io. Twitter bio states “$SYMM A new trading primitive. ❌ No OrderBooks ❌ No virtual Liquidity ❌ No pre-locked Liq AMFQs using Symmetrical Agreements”. h/t @DeFi_Made_Here:
-New protocol called @FusionTradeDEX. Twitter bio states “Building the best place to trade perps on-chain. Coming soon…” h/t @DeFi_Made_Here:
-Something new called @PuppetFinance. Twitter bio states “Mirror Trading Platform. Copy the top traders with a single deposit | Product by @GBlueberryClub”. Note: no tweets yet so screenshotting the top of their Twitter profile…
-Something new called @TanssiNetwork. Twitter bio states “🪩 Appchain deployment reimagined. ✨ The Tanssi appchain infrastructure protocol is on the way...”
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)
-Lots of focus on Bitcoin-dominance/etc right now:
-@CoinDesk story on the $ETH validator proposal:
-zkSync TVL continuing to grow, h/t @tomwanhh:
-There have now been over 10 million brc20 inscriptions, according to @domodata:
-US homebuyers will apparently now have access to 1% down mortgages from Rocket Mortgage:
-Alfa from @Flowslikeosmo?
-US Treasury Secretary Janet Yellen makes positive statements about ongoing consolidation of US banking industry:
-@noahseidman on fiat on/off ramps and more:
-Interesting thread on the history and current state of CryptoPunks from @nansen_ai:
-Very good (and massive) thread of threads from @CryptoShiro_, with lots of good links to further defi/etc reading:
-New video from @Blockworks_ featuring @MikeIppolito_ and @JackFarley96 discussing all the top stories and macro considerations currently going on:
-New video from ‘The Chopping Block’ discussing everything going on in crypto:
-Bullish sentiments from @lBattleRhino:
-Parting wisdom/analysis from @ramahluwalia:
Conclusion
Happy Sunday friends!
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.