Happy Tuesday friends! Lots of big 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: $1,969.60
Oil (WTI): $76.15
Stocks (from:@News4Moves):
Biggest Price Movers
(From @coingecko top 1000)
Spotlight
Silent Protocol @silentdao_ is an extremely interesting new project being built to further the ability of degens to navigate ze brypto world with privacy.
Rather than a standalone chain or a mixer, the idea is to create a privacy-preserving service one can actually use to interact with defi protocols privately on a variety of EVM chains.
Check out the below thread from their Head Of Growth @Route2Fi to learn more!
Biggest TVL Movers
Chains are mostly green today. Top 50 chains up at least 10% on the monthly include Arbitrum (#4), zkSync Era (#20), Moonbeam (#33), Telos (#36), Conflux (#38), Stacks (#39), and Injective (#45).
Protocols are mostly green today as well. Top 100 protocols up at least 25% on the monthly include Sun (#18), Alpaca Finance (#26), Chronos (#49), Blur (#52), Kava Lend (#62), Kava Earn (#90), Kava Liquid (#91), and Alchemix (#93).
Here’s The Top 12 Chains By TVL (from @DefiLlama):
Here’s The Top 12 Protocols By TVL (from @DefiLlama):
Here’s The Top 12 Dex’s By 7 Day Volume (from @DefiLlama):
Other Data Points
Bitcoin Fear/Greed Index:
(from @BitcoinFear)
Ethereum Fear And Greed Index
(from @EthereumFear):
Crypto Volatility Index
(from @CVIdaily)
Fees:
(from cryptofees(dot)info)
New Protocols
(note: this includes new defi protocols we find through combing Twitter each day, and we also include every (newly launched) protocol added by @DefiLlama - hence disclaimer: these are not pre-vetted by us so make sure to DYOR!)
-New protocol just launched called @MangroveDAO. Twitter bio states “🐵 Programmable order book DEX on @0xPolygon 🫡 Seize profit | Zero-slippage 💧 Unlimited liquidity for DeFi”.
-New protocol called @dionysusfinance. Twitter bio states “$WINE #Simplest solidly fork. Join discord now for alpha test airdrop.”
-Something new called @crestprotocol_. Twitter bio states “DNS 🪩 || Decentralization social media 📱 || Decentralization payment system 🔄|| Cresthub 🌆 || crest.core 🏷️|| creststar🌟||”.
-New protocol on Metis called @Athena_DeFi_. Twitter bio states “Boost your #DeFi yield on METIS”.
-A new protocol on BSC called @BFXfi has been added to @DefiLlama. Twitter bio states “Trade perpetual crypto assets, NFTs, forexes with zero price impact, up to 100x leverage No custody, no accounts”.
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (minimum $5M+ TVL, single-exposure, and no-IL only) and @stable_fish - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Other News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-$BTC (and broader crypto market) continue their sideways crab action:
-Single family homes in US have seen their largest yearly price decline since 2012:
-DCG/Genesis/Gemini saga continues, h/t @laurashin:
-More interesting comments on BRC-20’s from @saylor, h/t @TO:
-Hotbit exchange closure generating lots of discussion on Twitter:
-Interesting story re: EOS c/o @Blockworks_:
-Interesting macro stat from Germany, where the worker-to-retiree ratio is now < 3, h/t @Schuldensuehner:
-There are now over $220M worth of tokenized securities (treasuries/ETF’s) on-chain - from excellent thread by @yashhsm:
-Two good threads summarizing Vitalik’s blog post from yesterday, from @jiayaoqi and @BanklessHQ:
-@thedefiedge released an interview with Redacted Cartel founder @0xSami_ (click on first tweet to see clips from it embedded throughout thread):
-Excellent thread from @IAmZeroIka:
-New livestream from @blockbytescom featuring @austin_bbytes and @MasonCorval going over all the top stories in crypto:
-Crypto news roundup from @coinbureau:
-Parting sentiments from @ayyyeandy:
Conclusion
Happy Tuesday friends and stay alert out there!
And please RT/subscribe/etc if you found this valuable! :)
-
Note
If you trade using GMX we’d be honored if you use our referral link to help support The Daily Degen! It will also provide you 10% off your trading fees :)
https://gmx.io/?ref=thedailydegen
-
***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.