Happy Sunday good degens! Tradfi markets closed but crypto still going strong :)
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 @CryptoBubbles24):
Gold: $2419.80
Oil (WTI): $80.06
US 10Y Treasury: 4.422%
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…
In this regard, Silent is essentially meant to be a middleware privacy/encryption project designed to facilitate composable privacy solutions within the EVM itself...
Our editor @rektdiomedes has been helping bang the drum about what the @silentdao_ team have been building, so make sure to follow them on Twitter for more updates.
They also just published a very important article, so make sure to check it out here or via the link in the tweet below!
Biggest TVL Movers + Else
Chains are mixed today. Top 30 chains green on all three timelines (daily, weekly, monthly) include Avalanche (#10), Sui (#13), Thorchain (#17), Near (#20), Linea (#22), and Starknet (#25).
Protocols are quite green today. Protocols with at least $100M TVL up at least 15% on the weekly include Solv Protocol, etherfi, Jito, Marinade, and Swell.
Here’s The Top 12 Fastest-Growing Chains By Weekly TVL Growth With At Least $1M TVL (from @DefiLlama):
Here’s The Top 12 Fastest-Growing Protocols By Weekly TVL Growth With At Least $1M TVL (from @DefiLlama):
Here’s The Top 12 Entities By 24 Hour Fee Generation (from @DefiLlama):
Bitcoin Fear/Greed Index:
(from @BitcoinFear)
Ethereum Fear And Greed Index
(from @EthereumFear):
Chart Of The Day
(Courtesy of our Official Sponsor @vertex_protocol)
-Lot of focus on the $SOL chart the last few days! Do you think it will bust out past $200 anon? Express your view on it via spot or leverage and get access to 30+ other perps and spot markets at app.vertexprotocol.com!
New Projects
(note: this includes new projects we find through combing Twitter each day, and we also include or re-include every newly launched protocol added by @DefiLlama that has at least some TVL or is followed by at least some of our mutuals - hence disclaimer: these are not pre-vetted by us so make sure to DYOR!)
-Something new called @Quilibrium_xyz. Twitter bio states “Quilibrium, the decentralized MPC platform as a service — This is NOT an official account. It is maintained by the ℚ-community.” Followed by 35 of our mutuals.
-Something new called @PopsicleHQ. Twitter bio states “Multi-VM Rollup Stack for #Bitcoin”. Followed by 1 of our mutuals. h/t @brave_raf and @irvinxyz;
-Something new called @loopfixyz. Twitter bio states “The Credit Hub for Restaking & leveraged LRT Strategies ➰”. Followed by 11 of our mutuals. h/t @brave_raf:
-New project called @Flexperpetuals. Twitter bio states “Decentralized Derivatives Exchange on the Base Chain.” Followed by 4 of our mutuals. h/t @brave_raf:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama ($1M+ TVL, single-exposure, no-IL only) and @stable_fish - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Security Alerts
-No security alerts today.
Important News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-Much-anticipated ETH ETF decision coming up in five days, interesting commentary from @crypto_condom:
-The @pumpdotfun exploiter has apparently been arrested, h/t @therollupco:
-Bitcoin continues its slow climb upward from the last few days, h/t @DaanCrypto:
-@phantom wallet climbing in AppStore rankings, h/t @DegenerateNews:
-Interesting data point re: labor market from @WarrenPies below:
-Additional news/alfa from @Tyler_Did_It:
-Lot of talk about $PRIME and $PROMPT on the TL, example below c/o @satnak_eth:
-Interesting graph of crypto capital type by chain from @ryanberckmans:
-Copper prices have been surging as of late, h/t @charliebilello:
-@CurveFinance stablecoin now generating more revenue than their dex, h/t @DeFi_Made_Here:
-Good thread on Fantom’s rebrand and how to position for it from @ahboyash:
-New roundtable discussion on crypto + macro featuring @MikeIppolito_, @fejau_inc, and @qthomp from @Blockworks_:
-Weekly macro update from Joseph Wang @FedGuy12:
-All the day’s airdrop alfa from @KryptoCove:
-Discussion of various crypto + tradfi topics from @TheBlockRunner:
-New roundtable discussion of various crypto stories/topics from @thebellcurvepod featuring @pythianism, @im_manderson, and @MikeIppolito_:
-Parting wisdom c/o @CadmusBenedict:
Conclusion
Happy Sunday good degens! Stay alert out there!
And please RT/subscribe/etc if you found this valuable!
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***Note On Material: The ‘Spotlight’ and ‘Note’ sections and info on our Official Monthly Sponsor 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.