Happy Wednesday friends! Tis the Ides of March so could be an exciting day! :)
Stats/alerts/etc at top and tweets/news/links/videos/etc at bottom as always!
Market Update
Crypto:
Gold: $1,890.45
Oil (WTI): $72.35
Stocks:
Biggest Price Movers
(From @coingecko top 1000)
Spotlight
The good gents at @NestedFi are 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 an example portfolio on Arbitrum from @defi_mochi:
Biggest TVL Movers
Chains are very green today. On the monthly, exactly 15 of the top 30 chains are green and 15 are red. Ones up by at least 15% include Optimism (#6), Kava (#12), Bitcoin (#17), and Cardano (#20). Ones down by at least 15% include Algorand (#17), Celo (#18), Canto (#23), and Moonbeam (#30).
Protocols are mostly green today. Top 50 protocols up at least 20% on the monthly include Lido (#1), Liquity (#17), Aura (#18), Synthetix (#20), Velodrome (#29), Nexus Mutual (#30), and Thena (#49).
Here’s The Top 12 Chains By TVL (from @DefiLlama):
Here’s The Top 12 Protocols By TVL (from @DefiLlama):
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!)
-New protocol called @rabbitx_io. Twitter bio states “Perpetuals Trading on StarkNet|Mainnet Q1 2023 |OC memes and threads: @BackTheBunny”.
-Something called @ZettaBlockHQ on Polygon. Twitter bio states “The Institutional-grade, Full-stack Web3 Data Platform for Indexing & Analytics, On- & Off-chain.”
-New protocol at testnet phase called @StarkDefi. Twitter bio states “StarkDeFi is the first permissionless and trustless hub of comprehensive DeFi solutions on L2 Starknet Powered by @StarkwareLtd ⚡️”. h/t @AlphaFrog13:
-Something called @0xdx_io. Twitter bio states “The First DeSpec Market and NFT Options Launchpad | DeSpec = Decentralized Speculation”. h/t @AlphaFrog13:
-Something new called @AlyxFinance has been added to @DefiLlama. Twitter bio states “The beginning of a new paradigm - Creating a DAO that marries real-yields with AI NFT art, and a liquidity protocol.”
-Something on Stacks called @UWUProtocol has been added to @DefiLlama. Twitter bio states “A stablecoin protocol built on @Stacks that offers zero-interest loans with no repayment date. Header designed by @NickoleNFT.”
-Previously-mentioned @VelocimeterDEX has been added to @DeBankDefi. No real Twitter bio just website link.
Security Alerts
-Security alert from @BlockSecTeam:
-Euler Finance sends on-chain message to hacker threatening to launch $1M reward for info leading to arrest if 90% of the hacked funds are not returned. H/t @0xngmi:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (minimum $5M+ TVL, single-exposure, and no-IL) and @stable_fish - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Other News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-CPI report came in right around expectations:
-More banking fallout:
-Lots of speculation about whether the Fed will hike next week:
-$ETH getting increasingly deflationary:
-Updates from Japan:
-GCR on the recent banking industry craziness:
-Excellent thread by @ayyyeandy:
-Very thorough thread from @CJCJCJCJ_ of entities affected by Euler hack:
-Good thread from @Chinchillah_ of various portfolio-tracking options:
-Excellent thread from @0xFlips going over the most noteworthy February raises listed on @DefiLlama:
-@ChainLinkGod released new interview with Chainlink founder @SergeyNazarov:
-@Blockworks_ interviewed Michael Kao @urbankaoboy yesterday, who is bearish on risk assets and believes the Fed will keep hiking:
-@LukeGromen released a new video answering questions regarding his thoughts on the current macro/banking/Fed situation:
-New interview with Coinbase founder Brian Armstrong from @BanklessHQ:
-New protocol breakdown from @Ceazor7:
-Parting wisdom from @ayyyeandy and @ThinkingUSD:
Conclusion
Have a great Wednesday friends and stay alert out there!
And please RT/follow/etc if you found this valuable! :)
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Note
We’ve been helping raise awareness about @pendle_fi via the Spotlight section above…
If you missed their recent announcement about $gDAI from @GainsNetwork_io make sure to check it out below!
Pendle have been generating a lot of attention with the various strategies provided by their platform, and the below thread on $gDAI is a perfect example!