The Daily Degen- March 8th, 2024
All of today's news/data/alerts...
Happy Friday good frogs! Quite a week its been so far!
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: $2173.50
Oil (WTI): $78.43
US 10Y Treasury: 4.054%
Stocks ($SPY as proxy): +0.99%
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 mostly green today. Notables includes Blast at +20.39% on the daily and now in spot #12, and Thorchain (#22) at +17.71% on the daily.
Protocols are also mostly green today as well. Protocols with at least $100M TVL up at least 250% on the monthly include Merlin’s Seal, Gearbox, and Renzo.
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):
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 @rollchains. Twitter bio states “Rollup 🤝 Cosmos Chain = Rollchains”. Followed by 11 of our mutuals. h/t @AresLabs_xyz:
-Something new on Avax called @StableJack_xyz. Twitter bio states “LSTfi | yield-bearing stablecoin | volatile $AVAX token”. Followed by 4 of our mutuals. h/t @AresLabs_xyz:
-Something new on Solana called @CapswanMarket. Twitter bio states “Prediction market. Built on @Solana. Powered by the @CapswanApp engine.” Followed by 7 of our mutuals. h/t @AresLabs_xyz:
-Previously-mentioned Blast project @blastozone has been added to @DefiLlama. Twitter bio states “A Native Yield Based LaunchPad and Yield Aggregator powered by @Blast_L2. Winners of the Blast Big Bang Competition.” Followed by 29 of our mutuals.
-Previously-mentioned Mode Network lending protocol @IroncladFinance has been added to @DefiLlama. Twitter bio states “Decentralized Lending Market on @Modenetwork”. Followed by 6 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 (all types, $1M+ TVL 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)
-@KaminoFinance airdrop will apparently take place in April, with a final snapshot on March 31st, and be a linear distribution more akin to old-school yield farming vs some of the more gamified and tier-based allocations we’ve been seeing recently:
-Jerome Powell made a variety of comments yesterday that were widely regarded as being quite dovish:
-Risk assets continue surging, h/t @Dynamo_Patrick:
-Greed & Fear Index has been in ‘Fear’ territory for 0% of 2024 so far, h/t @coingecko:
-News/narratives/etc c/o @TheDeFinvestor:
-Ticker thoughts/alfa from @defi_naley:
-Lots of attention as of late on the ‘ETF flywheel effect’ where the $BTC ETF’s get integrated into other ETF’s and mutual funds and financial products, h/t @0xjaypeg:
-Strategic thoughts from @heartereum:
-Semiconductor stocks booming, h/t @charliebilello:
-Lots of discussion about gold in macro circles right now, h/t @Schuldensuehner:
-Good airdrop alfa from @info_insightful:
-Latest gem-hunting livestream from @jediblocmates and @Grantblocmates at @blocmatesdotcom:
-New @coinbureau video on Filecoin:
-New weekly-rollup video from @BanklessHQ going over several dozen of the top stories in crypto:
-New @LukeGromen interview on macro + Bitcoin + etc from @PrestonPysh:
-New NFA Live featuring @coinbureau, @intocryptoverse, and @NewsAsset:
-Parting thoughts c/o @cburniske:
Conclusion
Have a great Friday degens and 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.