Happy Sunday friends! 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: $1,977.60
Oil (WTI): $71.55
Stocks: (N/A)
Biggest Price Movers
(From @coingecko top 1000)
Spotlight
Silent Protocol @silentdao_ is an extremely interesting new project being built to further the ability of degens to navigate ze brypto world with privacy.
Rather than a standalone chain or a mixer, the idea is to create a privacy-preserving service one can actually use to interact with defi protocols privately on a variety of EVM chains.
Check out the below thread from their Head Of Growth @Route2Fi to learn more!
Biggest TVL Movers
Chains are mostly green today. Top 30 chains green on all three timelines (daily, weekly, monthly) include Tron (#2), Arbitrum (#4), and zkSync Era (#21).
Protocols are mostly green today as well. Top 100 protocols up over 15% on the weekly include Uniswap (#4), Synthetix (#24), Ondo Finance (#53), ParaSpace (#70), and Alchemix (#92).
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 Chains And/Or Protocols By 24 Hour Fee Generation (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 @L1DEX_. Twitter bio states “The Premiere Launch DEX on the L1X Blockchain”. h/t @brockman_aj:
-Something new on zkSync called @PinnakoDex. Twitter bio states “Next Generation Exchange”.
-Something new called @0xDragonfireth. Twitter bio states “0xDragon is decentralised borrowing protocol that allows to draw 0% interest loans with dUSD stablecoin.”
-Something new called @atorprotocol. Twitter bio states “For Anonymity at Scale”. h/t @Definews_Info:
-Something new called @9inch_io apparently launching on both Eth Mainnet and PulseChain. Twitter bio states “The Rock Hard PulseChain DEX”.
-New protocol on Arbitrum called @Karrot_gg. Twitter bio states “Redefining the debase economy.”
-Another new Arbitrum protocol called @JanisCapital. Twitter bio states “Arbitrum Janis DEX: A Community-Owned Decentralized Exchange on Arbitrum One Community Fairlaunch: June 9-12 9pm GMT Protocol begins: June 13 9pm GMT”.
-Something new called @astradao_org has been added to @DefiLlama. Twitter bio states “The only platform you need to build wealth with Crypto.”
-Something new called @WildcatFi. Twitter bio states “Embrace worse.” h/t @AresLabs_xyz:
Security Alerts
-There was apparently a governance hack of Tornado Finance today, h/t @0xngmi and @PeckShieldAlert:
-Update on Aave-Polygon issue, from @lemiscate:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (all types, minimum $1M+ TVL) and @stable_fish - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Other News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-$ETH deflation continuing despite poor market price action:
-Interesting chart on S&P 500 profit margins from @charliebilello:
-Interesting story from @leviathan_news re: Sushiswap, Sifu, Hasu, etc:
-’Bank-Walk’ continuing in US?
-Interesting story re: a former Evmos co-founder attempting to dump a large number of tokens generated discussion on Twitter yesterday:
-@truflation numbers dropping rapidly:
-Interesting thread from @Louround_ on @BitDAO_Official x @0xMantle:
-Good thread from @crypthoem on upcoming catalysts to watch:
-Good new macro video from @Blockworks_ featuring @MikeIppolito_ and @MarkYusko:
-New macro interview with legendary natural resource investor Rick Rule from Kitco News for our gold bugs and macro fans:
-New roundtable discussion of various top crypto stories from @Unchained_pod:
-Bullish long-term sentiments from @LarpyCoperstein:
-Parting wisdom c/o @NickDrakon:
Conclusion
Happy Sunday friends!
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.