Happy Tuesday 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: $1,935.50
Oil (WTI): $72.36
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 red today. Biggest gainer on the monthly among top 30 chains is zkSync Era (#20) at +18.44%.
Protocols are mixed today. Biggest gainer on the monthly among top 100 protocols is Chronos (#59) at +3,437%.
Here’s The Top 12 Chains By TVL (from @DefiLlama):
Here’s The Top 12 Protocol 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 @LimitlessFi_. Twitter bio states “Liquidation-free leverage for any asset on-chain”. h/t @CrossChainAlex:
-Something new called @LogX_trade. Twitter bio states “First Perpetuals DEX With Cross-chain Liquidity Aggregation. V1 coming soon on @arbitrum . Join the waitlist👇”. h/t @monosarin and @FungiAlpha:
-Something new called @MayanFinance. Twitter bio states “Cross-chain Swap Auction Protocol — Powered by @Solana & @wormholecrypto”. h/t @monosarin and @FungiAlpha:
-Something new called @The_RWAX. Twitter bio states “A different Decentralized Perpetual Exchange. Trade #RWA indices, including Pokemon Cards, Wine, Luxury Watches, and many more with up to 50x leverage. Join us!” h/t @monosarin and @FungiAlpha:
-Something new called @pintswap0x. Twitter bio states “Censorship Resistant P2P & OTC DEX, For Degens By Degens. Liquidity On Lowcaps Via P2P/OTC Markets”. h/t @monosarin and @FungiAlpha:
-New stablecoin protocol called @0xAlternity. Twitter bio states “Immutable borrowing protocol that provides decentralized $CNY stablecoin backed by $ETH collateral.” h/t @monosarin and @FungiAlpha:
-Note: A bunch of the above new protocols came from the following thread from @monosarin and @FungiAlpha - make sure to give both of them a follow!
-New protocol on ETH Mainnet has been added to @DefiLlama called @taimoney6. Twitter bio states “Low interest loans against ETH and ETH LSDs. Fork of RAI/DAI: battle-tested code. 🚀🚀🚀Rewards start Sunday, May 28th at 1300 UTC!🚀🚀🚀”.
Security Alerts
-@peckshield released a number of alerts re: @ede_finance:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (minimum $1M+ 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)
-Interesting story from Australia c/o @coingecko:
-Turkey currency/economic crisis generating lots of attention:
-Some $OP unlocks apparently taking place today according to @CoinDesk:
-@truflation update:
-Liquid-staking protocols about to surpass $20B TVL:
-Interesting chart of meme coin search on TikTok c/o @coingecko:
-Good thread from @TheDefInvestor:
-Good thread on @GMX_IO’s V2 from @tanoeth:
-@BanklessHQ interviewed @cz_binance:
-New livestream from @leviathan_news featuring @CurveCap, @traders_insight, and @0xWenMoon:
-Excellent new crypto/macro livestream from @noahseidman:
-Parting wisdom from @CrossChainAlex:
Conclusion
Happy Tuesday friends!
And please RT/subscribe/etc if you found this valuable! :)
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Note
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https://gmx.io/?ref=thedailydegen
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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.