Happy Friday and Happy March friends! Let’s get after it!
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: $2047.09
Oil (WTI): $78.47
US 10Y Treasury: 4.258%
Stocks ($SPY as proxy): +0.36%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Attention good degens… our friends at @KelpDAO continue to dominate the EigenLayer meta and their $KEP-token is now live for claiming!
Once again…
“$KEP is a first-of-its-kind innovation in the restaking ecosystem. It's a token representation of Kelp's @eigenlayer Points. Earned points can now be transferred, traded and used to participate in DeFi, making it highly liquid…”
This is the first liquid manifestation of EigenLayer points, and is generating massive attention!
Make sure to check out the below thread for all the relevant details and links to a full FAQ, or read their full article here.
And we will be continuing to help amplify the efforts of the team at Kelp, so make sure to follow them on Twitter as well!
Biggest TVL Movers + Else
Chains are mostly red on the daily. Fastest-growing chains on the weekly with at least $10M TVL are Zkfair, Mode, and Injective.
Protocols are also mostly red today. Fastest-growing protocols on the weekly with at least $10M TVL are ZKBase, Gearbox, and Ambit 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 Entities By 24 Hour Token-Holders’ Revenue (from @DefiLlama):
Here’s The Top 12 Dex’s By 7 Day Volume (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!)
-New project called @ChakraChain. Twitter bio states “Chakra is a Bitcoin restaking protocol based on ZK proofs. It utilizes STARKs to prove staking events on Bitcoin and verifies proofs on layer-2 chains.” Followed by 1 of our mutuals. h/t @DefiRaiders and h/t @Starknet for the tweet below:
-Something new called @navigate_ai. Twitter bio states “Building the world's largest Decentralized Intelligence Platform 🌎 Find us at #EthDenver for the alpha 👀”. Followed by 6 of our mutuals. h/t @twindoges:
-Something new on ‘Eigen AVS’ called @OpendbHQ. Twitter bio states “Scale your Web3 data infrastructure beyond L1 / L2 blockchains.” Followed by 6 of our mutuals. h/t @twindoges and h/t @sreeramkannan for the tweet below:
-New Mantle project called @puff_drgn. Twitter bio states “A Magic Dragon with a mystical Dual Nature- a golden halo of Lawful Alchemy, mixed with the Dark Power of Speculative Fervor.” Followed by 68 of our mutuals. h/t @twindoges:
-New dex on Aptos called @CellanaFinance has been added to @DefiLlama. Twitter bio states “The Innovative Decentralized Exchange on Aptos Join us to understand more about v(3,3) Dex model”. Followed by 4 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, no-IL, single-exposure 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 hits second-highest monthly close in its history, h/t @alpha_pls:
-News re: Arbitrum/Robinhood integration generated lots of attention today:
-Ticker headlines/alfa c/o @TheDeFinvestor:
-Coming Wormhole airdrop continuing to generate lots of excitement, h/t @Auri_0x:
-Announcement from @OndoFinance regarding plans to offer tokenized equities (stocks) catalyzing much discussion, h/t @_FabianHD:
-@0xngmi and the wizards at @DefiLlama have added another great feature, providing official links to airdrops to help users avoid scams:
-Robinhood will apparently be listing popular Solana meme coin $WIF:
-Top-performing AI tokens over the last week, h/t @Coinbeatsxyz:
-Coinbase surging in app-store ranking, h/t @MilkRoadDairy:
-Very in-depth airdrop thread from @BlurCryptz:
-Interesting observation from @fintechfrank:
-More on-chain gem hunting from @jediblocmates and @Grantblocmates:
-Parting wisdom c/o @CheGuevoblin:
Conclusion
Have a great Friday and stay alert out there friends!
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.