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 @TickerTop and @cryptobubbles24):
Gold: $1,960.80
Oil (WTI): $71.86
Stocks (from:@News4Moves):
Biggest Price Movers
(From @coingecko top 1000)
Spotlight
Attention LSD fans: ETHx from @staderLabs_eth is coming to mainnet!
As background, ETHx is a decentralized and scalable liquid-staking derivative that the team at Stader have 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 as of late!
Make sure to follow them on Twitter, and check out their tweet below to learn more!
Biggest TVL Movers + Else
Chains are very red today. Only top 30 chains green on the monthly are Kava (#13), Cardano (#15), zkSync Era (#18), and Ronin (#22).
Protocols are also very red today. Only top 100 protocols green on both the weekly and monthly are JustStables (#13), Yearn Finance (#22), dYdX (#26), BendDAO (#45), Blur (#48), Sashimiswap (#73), Katana Dex (#75), RealT (#78), Pendle (#80), Uwu Lend (#86), and SyncSwap (#95).
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 Dex’s 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 @FroggyYields. Twitter bio states “🌊 #YieldAggregator on #ZkSyncEra 🚀Auto-Compounding Strategy on #SyncSwap #ReactorFusion 🎨#NFT Boosting”.
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)
-The SEC/Binance news dominated the crypto landscape yesterday:
-SEC announcement precipitated the largest liquidation of longs in three months:
-After struggling most of the year the ETH/BTC ratio has been climbing as of late:
-Excellent thread from @redphonecrypto with thoughts on the SEC/Binance stuff:
-Thoughts on value from @pythianism:
-Thoughts on SEC/Binance from @jdorman81:
-Thoughts on cycles/prices from @TheFlowHorse:
-Great decision-making matrix re: withdrawing from cex’s c/o @wassielawyer:
-Woes continue for San Francisco commercial real estate:
-Arthur weights in on market:
-Newest livestream from @leviathan_news featuring @traders_insight, @CurveCap, @SalomonCrypto, and @DAdvisoor discussing all the latest stories in crypto:
-Newest @Ceazor7 video, on Infinity Pools:
-Newest livestream from crypto/macro gigabrain @noahseidman:
-Parting sentiments c/o @safetyth1rd:
Conclusion
Happy Tuesday friends! Stay alert out there!
And please RT/subscribe/etc if you found this valuable! :)
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Note
As always, we are huge fans of @DefiLlama and the amazing data they provide free of charge which we use everyday in this newsletter!
If you have the ability to do so, consider donating to support their incredible work!
(note: this is not sponsored or anything - just like to bang the drum for donations for them sometimes!)
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***Note On Material: The ‘Spotlight’ section and (sometimes) ‘Note’ section 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.