Happy Tuesday friends! Some brutal price action we’re seeing!
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 @CryptoBubbles24):
Gold: $2159.10
Oil (WTI): $82.67
US 10Y Treasury: 4.318%
Stocks ($SPY as proxy): +0.59%
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 extremely red today. Only top 100 chains green on the daily are Ton (#50), Sei (#61), opBNB (#72), OKTChain (#81), and Nuls (#98).
Protocols are extremely red today as well. Only top 100 protocols green on the daily are Hyperliquid (#65), Meteora (#75), Ondo Finance (#86), and Parcl (#94).
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 Fee Generation (from @DefiLlama):
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!)
-Newish project we haven’t highlighted before called @hyperlockfi. Twitter bio states “Yield & metagovernance protocol built on @ThrusterFi and optimized for Blast”. Followed by 92 of our mutuals. h/t @Beacon_Early:
-New project called @1intro. Twitter bio states “Next generation Liquidity Bootstrapping Platform, on a mission to bring fairness to Solana”. Followed by 95 of our mutuals. h/t @Beacon_Early:
-New project called @LuminousTAO. Twitter bio states “Illuminating blockchain analytics with predictive AI insights. Navigate market trends, DeFi, NFTs & more with LBIN.” Followed by 5 of our mutuals. h/t @Beacon_Early:
-New bridge on Manta called @BridgeM_io has been added to @DefiLlama. Twitter bio states “Enhancing Asset Efficiency and Cross-Chain Interoperability. 1st Bridge between @MerlinLayer2 & @MantaNetwork”. Followed by 1 of our mutuals.
-New BSC dex called @Kaoyaswap has been added to @DefiLlama. Twitter bio states “Kaoyaswap is an AMM-based Decentralized Exchange audited by PeckShield on BNB chain”. Not followed by any of our mutuals.
-New dex on zkSync Era called @Megalon_App has been added to @DefiLlama. Twitter bio states “Unleash the potential of DeFi, secure, reliable, and lightning-fast DEX built on @zkSync ▫️ #zkSyncEra #Zksync #ZKS”. Followed by 2 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.
Important News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-Crypto markets in midst of major correction, h/t @coingecko:
-Japan dominating macro discussions and potentially exerting negative force on risk asset prices:
-US bond yields climbing, h/t @Schuldensuehner:
-Fidelity adds staking to their $ETH ETF application, sparking much discussion about whether this is a bullish or bearish sign for $ETH ETF approvals:
-@PolyhedraZK airdrop is live (as always make sure to triple check all links/etc before claiming these though!):
-Latest inflation update from @truflation:
-Wormhole airdrop coming soon, h/t @fabianosolan:
-@zhusu on the long BTC/short MSTR trade:
-Additional news items c/o @0xsalazar:
-Interesting thread of stats on yesterdays @ether_fi airdrop from @CryptoKoryo, sample below:
-Trading wisdom c/o @MisakaTrades:
-Doxxed interview of popular CT commentator @ChainLinkGod via @theempirepod:
-New crypto news overview from @coinbureau:
-New macro discussion from Simplify Asset Management featuring Mike Green @profplum99, Jim Grant, and more:
-New @CryptoHayes interview with @APompliano:
-Parting sentiments c/o @kmoney_69:
Conclusion
Have a great Tuesday friends and don’t let the red price action get you down!
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.