Happy Monday friends! Another big week ahead of us!
Stats/alerts/etc at top and tweets/news/links/videos/etc at bottom as always!
NOTE: The Twitter/Substack tweet-embedding function still appears to be broken, so we have screenshotted and hyperlinked them :)
Market Update
Crypto (from @TickerTop and @cryptobubbles24:
Gold: $2,018.40
Oil (WTI): $69.87
Stocks: N/A
Biggest Price Movers
(From @coingecko top 1000)
Spotlight
Our humble editor @rektdiomedes has become an Ambassador for @silentdao_. Silent is an extremely interesting new privacy service aiming to allow on-chain defi users to interact with protocols in a private manner…
If you’d like to learn more, make sure to check out the excellent thread below from @jinglingcookies!
Biggest TVL Movers
Chains are very green today. However, only top 50 chains green on the weekly are Kava (#12), zkSync Era (#21), Stacks (#38), and Terra2 (#50).
Protocols are also very green today. Top 100 protocols green on all three timelines (daily, weekly, monthly) include RocketPool (#12), Just Stables (#13), Sun (#20), Arrakis Finance (#37), Blur (#51), Ondo Finance (#59), Kava Lend (#60), RealT (#77), Pendle (#92), Kava Earn (#95), and Kava Liquid (#96).
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 Dex’s By 7 Day Volume (from @DefiLlama):
Other Data Points
Bitcoin Fear/Greed Index:
(from @BitcoinFear)
Ethereum Fear And Greed Index
(from @EthereumFear):
Crypto Volatility Index
(from @CVIdaily)
Fees:
(from cryptofees(dot)info)
New Protocols
(note: this includes new defi protocols 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!)
-Something new on Moonbeam called @QodaFinance. Twitter bio states “DeFi orderbook exchange for hybrid unsecured/secured fixed interest rate crypto loans. Built on #Moonbeam.”
-New L1 called @EchalnNetwork. Twitter bio states “Lightning-fast, scalable and DeFi-oriented layer-1 blockchain focused on energy efficiency and interoperability $ECT 🟣”.
-Something new called @HermeticaFi. Twitter bio states “#Bitcoin structured products, made by 🧙♂️”. h/t @monosarin via @FungiAlpha:
-Something called @Fstar_Fi. Twitter bio states “Fstar is a decentralized derivatives trading platform focused on omnichain, Construct on decentralized stable currency @fraxfinance and @StargateFinance.” h/t @monosarin via @FungiAlpha:
-Something new on zkSync called @ve_ZARD. Twitter bio states “Self-Sustaining, Self-Expanding, Self-Regulating, Community Owned DEX based on ve3,3 model on @ZkSync.” h/t @monosarin via @FungiAlpha:
-Something new called @UtilityXio. Twitter bio states “AMM, Custom pools, auction trading, flexible swaps, cross-pool conduit, UFX token utility, all on UX Network…” h/t @monosarin via @FungiAlpha:
-New NFT lending protocol called @kairosloan. Twitter bio states “Innovative protocol allowing the use of NFTs as collateral for a loan. Instant, juicy yields and high LTV!” h/t @monosarin via @FungiAlpha:
-Something new called @insiderbrc20. Twitter bio states “Live index website for BRC-20.” h/t @monosarin via @FungiAlpha:
-New project called @LilaFinance. Twitter bio states “Introducing rate swaps for single tokens & liquidity pools. Choose between fixed and variable yields to match your risk appetite.” h/t @monosarin via @FungiAlpha:
-New BSC dex called @MigMigSwap. Twitter bio states “Created by the $MigMig Fainance Team,MigMig is a swap based on the BSC🧬 🟢0% Buy Fee and Sell ⚪SAFU Team”. h/t @monosarin via @FungiAlpha:
-New perp dex coming to zkSync called @Gambit_Trade. Twitter bio states “Decentralized Leveraged Trading Platform on zkSync Era Launching Early June 2023…” h/t @monosarin via @FungiAlpha:
-New dex on Metis called @TheHerculesDEX. Twitter bio states “A community-first next-generation DEX for real yield and customizable liquidity infrastructure built to expand the @MetisDAO ecosystem.” h/t @monosarin via @FungiAlpha:
-Another new dex coming to zkSync called @VermontDex. Twitter bio states “Liquidity protocol for traders and builders. DEX on @zksync by @goodgamesguild”. Also h/t @monsarin via @FungiAlpha - make sure to give them a follow!
-Something called @stakedCANTO has been added to @DefiLlama. Description states “sCANTO is a Liquid Staking Derivative(LSD). By holding sCANTO you are earning a prorata share the validator rewards”.
-Previously-mentioned @ExtraFi_io has been added to @DefiLlama. Twitter bio states “Leveraged Yield Farming & Lending, built on @optimismFND. Audited.”
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (all types, minimum $5M+ TVL) and @stable_fish - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Other News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-Week ahead in macro from @_FabianHD:
-@coingecko adds category for BRC-20 tokens:
-Debt ceiling looks to be dominant macro topic this week:
-Weekly on-chain exchange flow data from @glassnodealerts:
-$BTC and $ETH showing a .85 correlation, from an excellent thread of Bitcoin-related data from @francescoweb3:
-Some interesting napkin math re: $crvUSD from @DeFi_Made_Here:
-Crypto market liquidity continues to be poor, h/t @ramahluwalia:
-Excellent thread from @defi_gaz going over a number of interesting projects/tokens:
-Interesting thread from @adamscochran on $ETH yields, institutional adoption, and else:
-Good thread from @ByzGeneral on funding rates:
-Interesting new macro video from @Blockworks_:
-Latest video from Benjamin Cowen @intocryptoverse:
-New roundtable discussion on a variety of top stories in crypto right now, from @Unchained_pod:
-Parting wisdom/reminder from @coinbureau, in meme form:
Conclusion
Happy Monday friends let’s get after it!
And please RT/subscribe/etc if you found this valuable! :)
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Note
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***Note On Material: The ‘Spotlight’ and ‘Note’ sections 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.