Happy Friday good degens! Tis the Ides of March and our brypto tokens are getting slammed a bit today!
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: $2173.70
Oil (WTI): $80.73
US 10Y Treasury: 4.281%
Stocks ($SPY as proxy): -0.20%
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 quite red today unsurprisingly. Only top 75 chains green on the daily are Starknet (#23), Radix (#59), and Sei (#66).
Protocols are quite red as well. Only top 75 protocols green on the daily are Jito (#22), stUSDT (#27), SUN (#44), dYdX (#55), and Hyperliquid (#69).
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 Revenue Generation (from @DefiLlama):
Here’s The Top 12 Chains By 7 Day Stablecoin Inflow % (from @DefiLlama):
Top Trending Tokens (24 hour timeframe - from @dexscreener):
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 @X10_exchange. Twitter bio states “10X experience for every trader with decentralised perpetuals exchange.” Followed by 5 of our mutuals. h/t @AresLabs_xyz:
-New project called @MichiProtocol. Twitter bio states “First trustless points trading protocol. Michi Protocol allows you to deposit your Yt asset into our mintable Michi NFT Wallet to sell your restaking points.” Followed by 5 of our mutuals. h/t @AresLabs_xyz:
-New Sei project called @SeijinApp. Twitter bio states “Native Community-Driven Fundraising Platform on @SeiNetwork”. Followed by 5 of our mutuals. h/t @AresLabs_xyz:
-New dex on Base called @infusionfinance has been added to @DefiLlama. Twitter bio states “Facilitating deep and stabilized liquidity on Base”. Followed by 4 of our mutuals.
-New dex on Blast called @BlasterSwap has been added to @DefiLlama. Twitter bio states “First and only place to trade, earn, and launch tokens on @Blast_L2 ! Native $BLSTR Rewards + Full Gas Refund! Coming Soon!” Followed by 83 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 ($1M+ TVL only, single-exposure, and no-IL only) and @stable_fish - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Important News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-Bitcoin and the broader crypto markets suffered significant correction overnight:
-@eigenlayer announces launch will take place within next few weeks, h/t @defi_octopus:
-$PRIME/@ParallelTCG getting lots of attention today with release of major new whitepaper and game deployment on Solana, h/t @mrjasonchoi:
-Good summary of the whitepaper c/o @jcrew_eth:
-Defi ticker/narrative alfa c/o @TheDeFinvestor:
-Inflation update from @NickTimiraos:
-Andre Cronje is bullposting Fantom:
-Judge rules Craight Wright is not Satoshi:
-’YouTube Indicator’ not yet signalling a market top, h/t @intocryptoverse:
-The $TAO/EVM flywheel keeps developing, with new subnet launch from @SturdyFinance, h/t @0xTindorr:
-Sentiments re: today’s fall in prices, h/t @ooloo:
-New weekly roll-up video from @BanklessHQ going over everything happening in crypto:
-Newest airdrops video from @KryptoCove:
-Parting wisdom c/o @heartereum:
Conclusion
Happy Friday lads and ladettes! Stay alert out there!
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.