Happy Thursday friends! Lots of stuff going on!
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: $2166.00
Oil (WTI): $80.45
US 10Y Treasury: 4.194%
Stocks ($SPY as proxy): -0.16%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Our friends at @silentdao_ keep working diligently behind the scenes to develop a truly revolutionary solution to the issue of on-chain privacy…
Our editor @rektdiomedes has been helping bang the drum about what @silentdao_ have been building, and the architecture being developed is intended to permanently change the defi landscape.
Once again, Silent is a middleware privacy/encryption project designed to facilitate composable privacy solutions within the EVM itself... Make sure to follow the official @silentdao_ Twitter account so you don’t miss any important updates!
Biggest TVL Movers + Else
Chains are mixed today. Top 30 chains up at least 20% on the weekly include Solana (#4), Blast (#10), Thorchain (#18), and Near (#23).
Protocols are mostly red today. Protocols with at least $100M TVL up at least 100% on the weekly include Blast lending protocol Orbit Protocol, Blast lending protocol Pac Finance, ETH Mainnet payments protocol Flex, and Blast lending protocol Juice Finance.
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 By 24 Hour Fee Generation (from @DefiLlama):
Here’s The Top 12 Dex’s By 7 Day Volume (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 @DropsERC. Twitter bio states “Trade illiquidity with $DROPS - The only locked liquidity marketplace.” Followed by 58 of our mutuals. h/t @eli5_defi:
-New project called @nim_network. Twitter bio states “NIM Network coming soon on @dymension”. Followed by 53 of our mutuals. h/t @eli5_defi:
-Something new called @SynnaxTech. Twitter bio states “AI Credit Intelligence”. Followed by 6 of our mutuals. h/t @Beacon_Early:
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 ($10M+ TVL only, 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)
Important News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-Solana getting lots of attention as it surges in price, h/t @alpha_pls:
-Bond market volatility is declining which is typically very bullish for risk assets like stocks and crypto, h/t @noahseidman:
-Lots of discussion over how cheap ETH L2 fees are now that Dencun has gone into effect, ht/ @gajeshnaik:
-The campaign to put $WIF on the Vegas Sphere has successfully raised the funds to do so, h/t @DegenerateNews:
-ETF flows have been almost uniformly positive so far, h/t @WClementeIII:
-Interesting reference from @0xjaypeg to tradfi analysis discussing a $7.5 total crypto market cap target:
-$TON has been surging this week, h/t @CoinDesk:
-Another signpost in the shift towards a predominantly online/delivery-based economy:
-Great thread of altcoin portfolio recommendations c/o @jake_pahor:
-Lots of talk in macro circles about Japan and the US Dollar right now, h/t @zerohedge:
-Wise thoughts from @CryptoKaduna:
-New livestream interview with macro gigabrain @WarrenPies, discussing a variety of topics, from @RealVision:
-New interview from @Blockworks_ with @MikeIppolito_ talking to @BiancoResearch and @EricBalchunas re: Bitcoin ETF’s:
-Newest livestream from @tedtalksmacro:
-New compilation video from @DeFi_Dad featuring 2.5 hours of interviews with various protocol founders done live during ETHDenver two weeks ago:
-Parting wisdom c/o @danblocmates c/o @QuotableCrypto:
Conclusion
Happy Thursday good degens! Stay hypervigilant and enjoy the positive price action!
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.