Happy Friday good frogs! Lots of interesting stuff going on!
Stats/alerts/etc at top and tweets/news/links/videos/etc at bottom as always!
NOTE: The Twitter/Substack tweet-embedding function still appears to be broken, so we have screenshotted and hyperlinked them :)
Market Update
Crypto (from @TickerTop and @cryptobubbles24):
Gold: $1,982.60
Oil (WTI): $70.57
Stocks (from:@News4Moves):
Biggest Price Movers
(From @coingecko top 1000)
Spotlight
Big news degens! @Equilibriafi is launching!
For the full scoop…. their IDO $EQB token claims takes place today (June 2nd)… as does their Initial Dex Launch on @CamelotDEX… and their full launch on ETH Mainnet and Arbitrum takes place on June 6th!
As recap, Equilibria is an LSD governance aggregator, primarily focused right now on @Pendle_fi and the #PendleWars, that we’ve been helping raise awareness about as of late…
The Chads at Equilibria are aiming to become the main on-chain LSD governance aggregator long-term, so if you are bullish on LSD-oriented protocols then make sure to click the below thread to get all the info on their launch!
Biggest TVL Movers + Else
Chains are mostly green today. Biggest gainer on the weekly among top 30 chains is zkSync Era (#19) at +21.54%, and biggest loser is Pulse (#9) at -18.62%.
Protocols are very green today. Biggest gainer on the weekly among top 100 protocols is Sashimiswap (#74) at +309%, and biggest loser is Chronos (#76) at -22.45%.
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!)
-Something new called @Neon_EVM. Twitter bio states “Neon EVM is an #Ethereum Virtual Machine on #Solana that allows developers to scale Ethereum dApps by using Solana. With support from @neonlabsorg.” h/t @toffee248:
-New protocol called @LuminaDEX. Twitter bio states “zkKYC-enabled, enterprise-ready, decentralized exchange on @MinaProtocol”. h/t @toffee248:
-Something new called @Omnisats. Twitter bio states “DeFi Primitives Metaprotocol based on Ordinal Theory 🟠 Trustlessly swap BRC-20 Tokens.” h/t @toffee248:
-Another new Solana project called @spedxhq. Twitter bio states “bringing no-slippage trading to solana. Member @SolanaUni Accelerator. Arriving June 2023”. h/t @toffee248 - make sure to give him a follow!!!
-New KYC-compliant L2 on Ethereum called @KintoXYZ. Twitter bio states “Kinto is an L2 focused on providing safe access to financial services.” h/t @ramonrecuero:
-Something new on Filecoin called @filfi_io has been added to @DefiLlama. Twitter bio states “A permissionless liquid market for @Filecoin , based on @fvmdev…”
-Something new on Solana called @FluxBeamDEX has been added to @DefiLlama. Twitter bio states “Solana DEX, supporting innovation and Token-2022, Buy $BERN and $MOON here 👇”.
Security Alerts
-@peckshield published the following tweet:
-@unsheth_xyz update, c/o @0xWenMoon c/o @leviathan_news:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (single-exposure, no-IL, and minimum $5M+ TVL) and @stable_fish - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Other News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-Stocks and gold both had solid days yesterday while crypto was comparatively flat:
-Uniswap Community fails to pass ‘fee switch’ vote:
-$USDT hits all-time high in market cap:
-NASDAQ 100 up 31% so far this year:
-Crypto spot volume still down over 50% since March, h/t @dunleavy89:
-US seeing continued disinflation in rent prices:
-18.11% of $ETH currently staked, from an excellent thread by @MetricsDAO:
-Good thread on current crypto narratives to be aware of, from @IAmZeroIka:
-NFT sentiments from @santiagoroel:
-Good mainstream perspective on the markets from @coinbureau, Ben Cowen @intocryptoverse, and Rob from @DigitalAssetNews:
-Macro Voices interview with renowned gold expert Ronnie Stoeferle for our macro fans:
-Excellent new livestream from @leviathan_news featuring @CurveCap, @traders_insight, @SalomonCrypto, and @0xWenMoon going over all the latest stories in defi:
-Investing wisdom from @resdegen:
-Parting market cycle analysis from @intocryptoverse:
Conclusion
Happy Friday and stay alert out there 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.