Happy Thursday degens! 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: $1,946.50
Oil (WTI): $72.30
Stocks (from:@News4Moves):
Biggest Price Movers
(From @coingecko top 1000)
Spotlight
We’re helping out friends at @NestedFi raise awareness about their new trading competition on Optimism that just started!
As background, Nested is a new Social Trading protocol which lets users create portfolios and copy-trade other portfolios on ETH Mainnet, Arbitrum, Polygon, Avalanche, Optimism, and BSC…
Nested allows for non-KYC fiat-onboarding through their integration with Mt Pelerin, as well as easy automatic dca’ing!
Check out their thread below to learn about their new trading competition on Optimism, and the substantial prize pool allocated towards it!
Biggest TVL Movers + Else
Chains are very red today. Only top 30 chains green on both the weekly and monthly are Solana (#11), zkSync Era (#18), Ronin (#23), and Tezos (#28).
Protocols are also mostly red today. Only top 100 protocols green on all three timelines (daily, weekly, monthly) are Uniswap (#5), Sun (#18), Blur (#46), Conic Finance (#59), Pendle (#73), and SyncSwap (#89).
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 NFT Marketplacs 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!)
-Something new on Arbitrum called @Chibi_Fi. Twitter bio states “ChibiVerse For Chads, by Chibis Compound dem yields! Stealth Launching very soon on #Arbitrum”.
-Something on Cardano working towards mainnet launch called @adadao_org. Twitter bio states “Interest-Free Stablecoin Protocol built on Cardano blockchain. #BuildingOnCardano”.
-Something new/newish we haven’t highlighted yet called @itsearnnetwork. Twitter bio states “Liquid marketplace for DeFi yield earning opportunities.”
-Something new called @Mufex_Official. Twitter bio states “A revolutionary perpetual futures DEX that combines the advantages of CEX and DEX, providing the best user experience.”
-New GMX fork on Optimism called @MinervaOptimism. Twitter bio states “Minerva is a decentralized spot and perpetual exchange that is live on Optimism #Optimism $OP”.
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)
-Following story re: Gary Gensler garnered intense attention yesterday:
-Coinbase CEO Brian Armstrong states they will not be shutting down their staking service and will address the matter in court with the SEC:
-Interesting summary/thoughts from @KobeissiLetter:
-zkSync seeing significant stablecoin inflows, h/t @Dynamo_Patrick:
-Coinbase and Binance outflow data from @nansen_ai:
-Some good jumping off points for narrative/token research, from @Prithvir12:
-Commercial real estate crisis in US continues to deepen:
-Sentiments c/o @VentureCoinist:
-Canadian home prices fell 8.5% last year:
-Interesting new video from @0xResearch:
-Newest livestream from crypto/macro gigabrain @noahseidman:
-Thoughts from @ThinkingUSD:
-Parting wisdom from @ApeDurden:
Conclusion
Have a great 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.