Happy Wednesday friends! Another crazy day in brypto!
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: $1,964.00
Oil (WTI): $71.64
Stocks (from:@News4Moves):
Biggest Price Movers
(From @coingecko top 1000)
Spotlight
Silent Protocol @silentdao_ is an extremely interesting new project being built to further the ability of degens to navigate ze brypto world with privacy.
Rather than a standalone chain or a mixer, the idea is to create a privacy-preserving service one can actually use to interact with defi protocols privately on a variety of EVM chains.
Our esteemed editor @rektdiomedes has been helping @silentdao_ with some ambassadooring, so make sure to follow them on Twitter and check out the fascinating below thread from them as well!
Biggest TVL Movers + Else
Chains are mostly green today. Biggest gainer on the monthly among top 30 chains is zkSync Era (#18) at +57.88%, and biggest loser is Fantom (#14) at -37.70%.
Protocols are very green today. Biggest gainer on the monthly among top 100 protocols is Sashimiswap (#71) at +298%, and biggest loser is Chronos (#82) at -63.82%.
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)
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 @BuffNetworkDex. Twitter bio states “Buff Network is an innovative Decentralized Exchange (DEX) for Peer-to-Pool derivatives, built on #Sui & #Bsc”.
-L1 building towards launch we haven’t profiled before, called @shardeum. Twitter bio states “World’s first EVM-based L1 blockchain which uses dynamic state sharding to increase TPS with every new node. @letsbuildweb3”.
-Something new called @LuminProtocol. Twitter bio states “fixed-rate lending; incentivised borrowing”. h/t @toffee248:
-Something new called @FluoFinance. Twitter bio states “Make Markets and Make Money with the First Omnichain Liquidity Management Protocol for Perp DEXs. Powered by @axelarcore. #Arbitrum #zksyncEra #BSC #Cosmos”. h/t @toffee248:
-New liquid-staking protocol on Ton blockchain called @bemo_finance. Twitter bio states “The first liquid staking protocol on the #TON blockchain. $stTON”. h/t @toffee248 - make sure to give him a follow!
-Previously-mentioned @DubbleExchange has been added to @DefiLlama. Again, Twitter bio states “№ 1 ve (3,3) liquidity market powered by $DUB autobribes | DAO oriented | launching on @Arbitrum”.
-Previously-mentioned @raft_fi has been added to @DefiLlama. Again, Twitter bio states “Unlock financial freedom with Raft: Decentralized borrowing & stETH-backed R stablecoin. Jump on board! 🚣♂️”.
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)
Security Alerts
-Update on the @AtomicWallet situation from @PeckShieldAlert, with info from @tayvano_:
Other News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-The SEC followed up on Monday’s charges against Binance with a similar pronouncement against Coinbase yesterday:
-SEC also seeking to freeze Binance.us assets:
-Coinbase/SEC thoughts from @dystopiabreaker:
-Some news re: Chainlink generated intense discussion yesterday:
-Another great thread from @redphonecrypto, with thoughts on the SEC/Coinbase news this time:
-Aave getting closer to release of their stablecoin $GHO, h/t @lemiscate:
-Arbitrum doing $100M in annualized revenue, from an excellent thread on L2 stats from @jamesjho_:
-Fascinating data on preponderance of interest-only loans in US commercial real estate in recent years:
-’Move2Earn’ phenomenon appears to be over (at least for now):
-@Dynamo_Patrick released an extremely good thread on ETH-staking and the top LSD protocols:
-Bullish take on this week’s SEC actions, from @BiancoResearch:
-New episode of The Chopping Block from @Unchained_pod, featuring the regular group plus @jchervinsky:
-@BanklessHQ released an interview with Coinbase’s Paul Grewal on the SEC news:
-Parting wisdom from @IAmZeroIka:
Conclusion
Have a great Wednesday and stay alert out there friends!
And please RT/subscribe/etc if you found this valuable! :)
-
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!)
-
***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.