Happy Monday friends! Big week ahead of us!
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: $1,946.30
Oil (WTI): $73.27
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 alfa they just dropped on Twitter to learn more!
Biggest TVL Movers
Chains are mostly green today. Top 30 chains green on all three timelines include Tron (#2), Polygon (#5), Cardano (#16), zkSync Era (#20), and Ronin (#24).
Protocols are very green today. Top 100 protocol up at least 10% on both the weekly and monthly include Lido (#1), Katana Dex (#79), Pendle (#83), and Minswap (#95).
Here’s The Top 12 Chains By TVL (from @DefiLlama):
Here’s The Top 12 Protocols By TVL (from @DefiLlama):
Other Data Points
Bitcoin Fear/Greed Index:
(from @BitcoinFear)
Ethereum Fear And Greed Index
(from @EthereumFear):
Crypto Volatility Index
(from @CVIdaily)
Fee Generation:
(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 @TusimaNetwork. Twitter bio states “Controllable Privacy Financial Infrastructure on #Blockchain Layer2”.
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (minimum $5M+ TVL, single-exposure, and no-IL only) and @stable_fish - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Other News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-Brypto prices surged over the last 24 hours:
-The week ahead in macro from @KobeissiLetter:
-$LBR @LybraFinanceLSD and $GMD @GMDprotocol are currently top outperformers within defi, h/t @monosarin and @0xFinish:
-@AndreCronjeTech’s update about Fantom releasing gas monetization generated lots of discussion, h/t @realijazawan:
-Interesting chart of $BTC vs Global M2 YOY from @RaoulGMI:
-Meme coins still seeing lots of volume:
-zkSync volumes also on a strong uptrend, h/t @Flowslikeosmo:
-Updates from @wassielawyer on the 3AC and Celsius situation, respectively:
-$DXY and ‘Dollar Milkshake Theory’ still big topic of discussion in macro as debt ceiling resolution takes place:
-$USDT still dominating stablecoin market:
-@thedefiedge interviewed @cryptofishx, co-founder of @traderjoe_xyz, click thread below to see video clips embedded within it:
-Excellent thread from @crypticdegen22 analyzing 7 interesting defi protocols:
-Parting wisdom from @alpha_pls:
Conclusion
Have a great Monday degens let’s get after it!
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.