Happy Friday 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: $1,958.20
Oil (WTI): $72.04
Stocks (from @news4moves):
Biggest Price Movers
(From @coingecko top 1000)
Spotlight
We’re helping the good folks at @staderLabs_eth raise awareness about their new offering $ETHx, which is a decentralized and scalable liquid-staking derivative that they have developed!
Their website describes $ETHx as “a liquid staking token designed to maximize rewards while securing Ethereum”.
Make sure to follow them on Twitter to learn more, and check out their excellent thread on $ETHx below!
Biggest TVL Movers
Chains are mostly red today. Biggest gainer on the monthly among top 30 chains is Arbitrum (#4) at +3.64% (its also the only top 30 chain green on the monthly), and biggest loser is DeFiChain (#13) at -32.76%.
Protocols are very red today. Biggest gainer on the monthly among top 100 protocols is Kava Liquid (#100) at +54.93%, and biggest loser is ParaSpace (#74) at -51.33%.
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 called @MimicryProtocol. Twitter bio states “The easiest way to long or short #NFT markets.”
-Something new called @Chainflip. Twitter bio states “On a mission to displace the centralised exchange by enabling cross chain swaps, with extremely low slippage.”
-A Filecoin-related(?) liquid-staking protocol called @Node_DAO has been added to @DefiLlama. Twitter bio states “Experience the ease of staking on Ethereum 2.0 through NodeDAO's liquid staking service.”
Security Alerts
-There was apparently a rugpull today by @Swaprum on Arbitrum, h/t @PeckShieldAlert:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (all types, minimum $1M+ TVL) and @stable_fish - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Other News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-Total value in ETH 2.0 Deposit Contract hits all-time high:
-$USDT market cap now almost triple that of $USDC:
-Interesting chart of USD liquidity vs $BTC price c/o @DaanCrypto:
-BRC-20’s have accounted for almost half of all Bitcoin transactions so far in May, h/t @Delphi_Digital:
-Market expectations for Fed rate hikes/cuts all over the place and changing day to day:
-Bullish sentiments on web3 gaming from @pythianism:
-Good summary of recent Tether dominance and $BTC-buying news from @0xjaypeg:
-Good thread on the “RFV-Raider” phenomenon in defi from @DefiIgnas:
-NFT marketplaces accounted for only 3% of ETH Mainnet gas fees this week, h/t @nansen_ai:
-Excellent thread from @twindoges on some of the new creative token standards we’ve been seeing on Bitcoin/Litecoin/Dogecoin chains:
-Good thread from @2lambro on the @GMX_IO V2 testnet:
-Interesting macro video from @AndreasSteno at @RealVision:
-The prolific crew over at @leviathan_news released interviews with well-known defi thinkers @SmallCapScience and @BackTheBunny:
-Good macro video from Brent Johnson’s Milkshakes, Markets, Madness podcast:
-Parting wisdom c/o @dunleavy89 and @basedkarbon:
Conclusion
Happy Friday ya’ll! 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.