Happy Saturday friends! Lots of stuff going on!
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: $1,977.60
Oil (WTI): $71.55
Stocks (from @news4moves):
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 mixed today. @DefiLlama has added Pulsechain, which debuts in spot #10 with $308.45M TVL. Biggest gainer on the weekly among top 30 chains is zkSync Era (#21) at +18.31% and $115.31M TVL. Biggest loser is Canto (#22) at -14.88% and $96.89M TVL.
Protocols are mixed today as well. Biggest gainer on the weekly among top 100 protocols is Synthetix (#24) at +19.54% and $416.61M TVL. Biggest loser is Chronos (#46) at -16.85% and $153.93M TVL.
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 NFT Marketplaces 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 has been added to @DefiLlama called @PulseXcom. Twitter bio states “PulseX enables you to exchange tokens ("PRC20s") on PulseChain for one another”.
-Something new called @upfrontprotocol. Twitter bio states “Developing Instant Upfront Staking Yield And Optimizing Decentralized Exchange Via Concentrated Liquidity And Ve(3,3) Mechanism”.
-New zkSync protocol added to @DefiLlama called @zkDXio. Twitter bio states “1st decentralized derivatives exchange of liquidity mode built on #zkSync”.
-Previously-mentioned @veSyncL2 has been added to @DefiLlama. Twitter bio states “♻️ veSync is a community-driven, ve(3,3) DEX on #zkSyncEra that centralizes DeFi liquidity”.
-Previously-mentioned @EthosReserve has been added to @DefiLlama. Twitter bio states “Building the Ethos Reserve Note - a next generation stable asset on Optimism. Powered by $OATH.”
-Something new called @TalosOmnichain. Twitter bio states “Transparent Automated Liquidity Optimization Strategies for @Uniswap V3 and @HermesOmnichain”. h/t @monosarin and @FungiAlpha:
-New protocol called @Diatomix_xyz. Twitter bio states “Diatomix builds quantitative infrastructure that strengthens the core of DeFi 🧮 👉 IL hedge, value hedge, and volatility trading at your fingertips.” h/t @monosarin and @FungiAlpha:
-New protocol coming to Arbitrum called @RyzeFi. Twitter bio states “Next-Gen Binary Options platform on Arbitrum”. h/t @monosarin and @FungiAlpha:
-Something new called @pudgyswap. Twitter bio states “The official place for peer to peer trading of the @pudgypenguins ecosystem, powered by @flip_xyz .” h/t @monosarin and @FungiAlpha:
-New protocol called @opsinfinance. Twitter bio states “The omnichain modular DeFi trading terminal.” h/t @monosarin and @FungiAlpha:
-New Arbitrum protocol called @ezio_finance. Twitter bio states “Builders of USDE and Structured Products | Beta Launch LIVE on Arbitrum!” h/t @monosarin and @FungiAlpha:
-Something new called @Emmet_Finance. Twitter bio states “Emmet Finance 🌐 | #DeFi platform for cross-chain bridging, swapping, staking & more 🔗 | Revolutionizing decentralized finance 🚀 #Blockchain #CryptoBridge”. h/t @monosarin and @FungiAlpha:
-Something new called @ClusterProtocol. Twitter bio states “Providing a Basket of DeFi Yields within a Single Protocol on #ICP”. h/t @monosarin and @FungiAlpha:
-Important Note: A bunch of the above protocols came from the below thread from @monosarin and @FungiAlpha - make sure to give them both a follow!
Security Alerts
-Scam alerts/threads from @squirrelcrypto and @JonnyRingo711:
-There is apparently some kind of smart contract issue on Aave-Polygon causing $110M worth of funds to be stuck, h/t @blocksecteam and @mookim_eth:
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)
-US debt ceiling situation still unresolved:
-Fed Chair Jerome Powell made some comments yesterday that many are taking to be dovish:
-Arbitrum TVL continuing to do well despite market pullback, h/t @Flowslikeosmo:
-Addresses receiving Bitcoin off exchanges hits 9 month low:
-Continuing disinflation in US as per @truflation:
-Interesting chart showing long-term holders of $BTC apparently hitting all-time high, h/t @jimmyvs24:
-Sotheby’s auctioning off seized 3AC NFT’s:
-Some defi narratives and tokens to watch, from @prithvir12:
-Top performing NFT collections over the last month were Milady, Mutant Ape Yacht Clubt, Azuki, Bored Ape Yacht Club, and Wrapped CryptoPunks… from an excellent thread full of NFT charts/data from @MetricsDAO:
-Robert Kennedy Jr becomes first presidential candidate to accept Bitcoin donations:
-Excellent thread from @ipor_intern on weighted lp pools + else:
-Good thread from @matrixthesun of data and analysis of Arbitrum and some of its top projects:
-New crypto/macro livestream from @noahseidman:
-Video of Jerome Powell’s comments from yesterday:
-New roundtable discussion from @thebellcurvepod featuring @smyyguy, @MikeIppolito_, and more:
-Parting wisdom from @blknoiz06:
Conclusion
Happy Saturday degens make sure to touch some grass this weekend!
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.