Happy Wednesday degens let’s get after it!
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: $1,988.80
Oil (WTI): $70.61
Stocks (from @news4moves):
Biggest Price Movers
(From @coingecko top 1000)
Spotlight
Attention Arbitrum-enjoyoors and yield-maximizoors: @TimeswapLabs has more yield opportunities for you to take advantage of!
@TimeswapLabs is a defi protocol that offers a fixed-term money market with no liquidations or oracle dependencies, and describes itself as “Like Uniswap - but for lending and borrowing”. We’ve been helping raise awareness about what they’ve been up to, with their recent V2 release, multi-chain rollout, and more…
Check out their below announcement to learn more about their ARB pools, or visit their site to see all the yield opportunities for yourself! (Note: $plsARB lenders are currently earning 25% fixed APR!)
Biggest TVL Movers
Chains are mixed today. Fastest-growing chains on the weekly with at least $1M TVL are Polygon zkEVM at +236% and $7.6M TVL, OKXChain at +159% and $30.5M TVL, and Ergo at +111% and $3.7M TVL.
Protocols are mostly red today. Fastest-growing protocols on the weekly with at least $1M TVL are multichain NFT marketplace Solv Protocol at +544% and $24.4M TVL, ETH Mainnet liquid staking protocol Hord at +284% and $2.4M TVL, and Waves protocol PuzzleSwapOrg at +260% and +1.2M TVL.
Here’s The Top 12 Chains By TVL (from @DefiLlama):
Here’s The Top 12 Protocols By TVL (from @DefiLlama):
Other Data Points
Bitcoin Fear/Greed Index:
(from @BitcoinFear)
Ethereum Fear And Greed Index
(from @EthereumFear):
Crypto Volatility Index
(from @CVIdaily)
Fees:
(from cryptofees(dot)info)
New Protocols
(note: this includes new defi protocols we find through combing Twitter each day, and we also include every (newly launched) protocol added by @defillama - hence disclaimer: these are not pre-vetted by us so make sure to DYOR!)
-New protocol called @hourglasshq. Twitter bio states “Time-bound token (TBT) infrastructure”. H/t @Charlie_Pyle:
-Something new on Arbitrum called @_pacmanfinance. Twitter bio states “The first decentralized leverage yield & liquidity aggregation protocol on @Arbitrum”.
-New L1 called @nautilus_chain. Twitter bio states “Nautilus Chain is building the future of blockchain-based payments, bringing #Web3 technology to the real world.” h/t @KateMillerGems:
-Something new called @Interactive_ZKP. Twitter bio states “Unleash the full potential of your #BRC20 NFTs with our industry-leading platform, powered by advanced #ZKP technology.”
-Something new on Arbitrum called @0xbath. Twitter bio states “$BATH | Providing tubs of liquidity to the Arbitrum ecosystem. Presale on the 25th, join Discord to know more. Launch on Arbitrum on the 1st June.” h/t @CRyptOracl3:
-Something new has been added to @DefiLlama called @asymmetryfin. Twitter bio states “Decentralizing Ethereum: Market-leading yield with an #LST | safETH is now LIVE. 📐”
-New zkSync options protocol called @ZommaProtocol has been added to @DefiLlama. Twitter bio states “#zkSync (💜,💜) Ultimate Capital Efficiency. Beta is Live!”
-Previously-mentioned @SatoriFinance has been added to @DefiLlama. Twitter bio states “Expand your trading horizons on zkEVMs @Scroll_ZKP @0xpolygon @zksync”.
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (minimum $1M+ TVL, no-IL, and single-exposure only) 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)
-Treasury Secretary Janet Yellen made some rather dire statements about the implications of a debt default, as the debt ceiling crisis continues:
-Ledger hardware wallet controversy/debate continued to be the main topic of discussion in crypto, catalyzing thousands of tweets and hundreds of threads:
-Bond market now pricing in a 24% chance of Fed interest rate cuts within the next two months:
-Liquid-staking hits $18.35B in TVL, h/t @Flowslikeosmo:
-Lot of talk in macro circles yesterday about Home Depot posting a large decline in sales:
-Delta-neutral @synthetix_io alfa c/o @pythianism?
-@Alpha_HomoraV2 offers $1M reward re: the hack they experienced in 2021:
-The Philippines, Nigeria, and Pakistan top the list of countries most interested in web3 gaming:
-Good thread of NFT alfa from @CryptoKoryo:
-Excellent thread by @Louround_ on high-alpha/low-follower accounts to follow on Twitter:
-New video from @Unchained_pod on BRC-20’s:
-@blocmatesdotcom interviewed defi gigabrain @NickDrakon:
-Good macro livestream with @TaviCosta from @RealVision:
-Parting wisdom from @punk6529 and @Route2Fi and @0xnocta:
Conclusion
Happy Wednesday friends! Stay alert out there!
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.