Happy Sunday friends! Lots of anticipation to see what happens tomorrow (Monday) morning! Let’s dive in!
Stats/alerts/etc at top and tweets/news/links/videos/etc at bottom as always!
Market Update
Crypto:
Gold: $1,868.10
Oil (WTI): $76.68
Stocks: N/A
Biggest Price Movers
(From @coingecko top 1000)
Spotlight
Our friend @Subli_Defi has started an extremely high-quality Substack covering the Optimism ecosystem!
Called The Optimistic Newsletter, it provides an in-depth breakdown of all the news related to Optimism and its top protocols.
We’ve been trading recommendations back and forth since he started it, so make sure to check out the latest issue via the tweet below!
Biggest TVL Movers
Chains are all quite red today. Arbitrum (#4), Optimism (#6), Avalanche (#7), and Kava (#13) are all down over 10% on the daily. Only top 30 protocols still green on the monthly are Arbitrum (#4), Kava (#13), Cardano (#21), and Heco (#26).
Protocols are more mixed today. Top 100 protocols green on all three timelines (daily, weekly, monthly) include MakerDAO (#2), Coinwind (#31), Nexus Mutual (#32), ParaSpace (#53), and KavaLend (#76).
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 Stablecoins By Market Cap (from @coingecko):
Other Data Points
Bitcoin Fear/Greed Index:
(from @BitcoinFear)
Ethereum Fear And Greed Index
(from @EthereumFear):
Crypto Volatility Index
(from @CVIdaily)
New Protocols
(note: this includes new protocols we find through combing Twitter each day, and we also include every (newly launched) protocol added by @defillama and @debank (excluding Tomb forks/reflection tokens/etc) - hence disclaimer: these are not pre-vetted by us so make sure to DYOR!)
-Something called @defi_better. Twitter bio states “Derivatives & price prediction protocol on Binance Smart Chain Launching soon... 💦”.
-Something called @nealthy_xyz. Twitter bio states “Our index tokens facilitate onramp to Blue Chip NFTs, Crypto, and other Digital Assets 🚀”. h/t @AresLabs_xyz:
-Something called @taichi_network. Twitter bio states “Taichi Network - A High-Speed Transaction and Block Delivery Network”. Also h/t @AresLabs_xyz, make sure to give them a follow!
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama ($1M+ TVL, single-exposure, and 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 “bank run” situation in the US continues to dominate headlines (note: we can’t confirm the authenticity of the First Republic stuff so take it with a grain of salt):
-Debate on what should be done re: Silicon Valley Bank:
-Comments on overall macro implications:
-Some additional threads on situation:
-Official update from Circle:
-@GCRClassic on the $USDC trade:
-Interesting thread of screenshots of @SamKazemian Telegram replies re: ongoing $USDC situation and relevance to Frax and defi in general:
-@blockchaingod69 released a good video on the current situation in crypto/macro (Foo and Che fans should check out):
-@Blockworks_ released a good video on the ongoing events featuring @MarkYusko and @MikeIppolito_:
-Another good @LynAldenContact video from We Study Billionaires (this is less current events focused but has a lot of very interesting/insightful stuff in it):
-Excellent “Emergency Broadcast” of @FlywheelDeFi discussing current events re: $USDC and macro, featuring @traders_insight and @DeFiDave22:
-Parting wisdom from @_FabianHD, @defi_gaz, and @CanteringClark:
Conclusion
Keep your heads on a swivel friends! Interesting times we are living in :)
And please RT/follow/etc if you found this valuable! :)
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Note
@NestedFi is our official sponsor for the month of March! Nested is a Social Trading protocol which lets users create portfolios and copy-trade the portfolios of other traders. It currently supports ETH Mainnet, Arbitrum, Polygon, Avalanche, Optimism, and BSC.
They are building all sorts of cool stuff for 2023 so make sure to follow their Twitter account and keep a close eye on them!
Here is a new update they released re: their planned airdrop: