Happy Tuesday friends! The excitement continues!
Let’s dive in!
Stats/alerts/etc at top and tweets/news/links/videos/etc at bottom… and all tweets are hyperlinked so just click on them to pull them up on Twitter!
Market Update
Crypto (from @CryptoBubbles):
Gold: $2178.10
Oil (WTI): $77.89
US 10Y Treasury: 4.087%
Stocks ($SPY as proxy): -0.086%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Greetings good degens!
A new project called @TunaChain is having its LBP on @FjordFoundry!
Here is the rundown on everything!
“While Bitcoin remains the most trusted blockchain, its limited capabilities for complex smart contracts and advanced applications restrain its potential. To address these limitations and unlock liquidity on Bitcoin, TunaChain emerges as a groundbreaking Bitcoin Layer 2 with EVM compatibility.
A powerful trifecta ensures swift and secure transactions, along with robust smart contract execution:
• $TORO: A native stablecoin
• Modularity, powered by Celestia
• Hybrid ZK-OP Technology
$TUNA is their native token, which serves multiple functionalities within the TunaChain ecosystem.
You have until March 17 to purchase $TUNA before official listing and gain early access into the TunaChain ecosystem. Pick up a can of $TUNA via Fjord Foundry here.”
Again, the LBP is live until March 17th so make sure to check it out if interested!
Note: This Spotlight is part of our partnership with @TailoredWeb3 from our friend @JiraiyaReal!
Biggest TVL Movers + Else
Chains are mixed today. Chains with at least $10M TVL up at least 100% on the weekly include FSC, Beam, Blast, and ICP.
Protocols are mostly red today. Protocols with at least $10M TVL up at least 1000% on the weekly include multichain dex Phenix Dex, FSC dex RosSwap, ICP dex Sonic, and Beam dex Beam Swap.
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 Entities By 24 Hour Revenue Generation (from @DefiLlama):
Top Trending Tokens (24 hour timeframe - from @dexscreener):
Bitcoin Fear/Greed Index:
(from @BitcoinFear)
Ethereum Fear And Greed Index
(from @EthereumFear):
New Projects
(note: this includes new projects 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 project called @Comet_BLS. Twitter bio states “Zero-knowledge proving. Faster and cheaper than ever before.” Followed by 4 of our mutuals. h/t @AresLabs_xyz:
-New/newish project called @OylDynamics. Twitter bio states “Trade Ordinals, BRC20s and Bitcoin native assets—straight from the Wallet.” Followed by 20 of our mutuals. h/t @iambullsworth:
-New project called @StrongholdNFT. Twitter bio states “Unbounded NFT liquidity, powered by @sudoswap and @yesmoney420 , coming soon to @Blast_L2”. Followed by 7 of our mutuals. h/t @AresLabs_xyz:
-New/newish dex on Arbitrum called @perfectswapio has been added to @DefiLlama. Twitter bio states “Native Yield + Trading on Arbitrum”. Followed by 10 of our mutuals.
-New/newish liquid-staking protocol on Metis called @Artemisfinance has been added to @DefiLlama. Twitter bio states “Unleash the potential of decentralized sequencing. LST for the first decentralized sequencer network built by @metisL2”. Followed by 14 of our mutuals.
Security Alerts
-Daily Reminder: Twitter (and other social media) is being absolutely inundated with scams and links to fake versions of popular defi protocols - please make sure to be EXTREMELY hyper-vigilant and triple-check before interacting with anything!
-No security alerts today.
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (all types, $1M+ TVL only) and @stable_fish - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Important News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-Latest CPI (inflation) numbers come out today:
-@PolyhedraZK has announced their airdrop, some good info on it and quote-tweet of the official announcement below c/o @defi_sakura:
-Narrative/ticker alfa c/o @thedefivillain:
-Lots of debate the last few days over possibility of an ETH ETF denial, sample c/o @jchervinsky below:
-Another perspective on the ETH ETF debate, c/o @chiefingza:
-Increasing discussion over the possibility of MicroStrategy being added to the S&P 500:
-More interesting Saylor/MicroStrategy analysis, c/o @0xjaypeg:
-Lots of stuff going on re: @TeamUnibot, recommend doing additional due diligence/research if interested:
-Airdrop alfa c/o @CC2Ventures:
-Strategic thoughts c/o @DeFiMann:
-Update on all things ETH-tech from @sassal0x ahead of Dencun upgrade:
-Good new airdrops video from @KryptoCove:
-New video on Bittensor/$TAO from @Dynamo_Patrick:
-New @coinbureau breakdown of all the top news in crypto:
-Parting wisdom c/o @blockchaingod69:
Conclusion
Happy Tuesday good frogs!
And please RT/subscribe/etc if you found this valuable!
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***Note On Material: The ‘Spotlight’ section (and ‘Note’ sections and info on our Official Monthly Sponsor if applicable) 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.