Happy Wednesday friends! Another month in the books!
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: $1,957.70
Oil (WTI): $69.30
Stocks (from:@News4Moves):
Biggest Price Movers
(From @coingecko top 1000)
Spotlight
Attention degens: The good folks at @staderLabs_eth have been building up a storm, and we have some more alfa to highlight regarding them!
It relates to their new offering $ETHx, which is a decentralized and scalable liquid-staking derivative that they have developed, and which we have been helping raise awareness about!
Their website describes $ETHx as “a liquid staking token designed to maximize rewards while securing Ethereum”.
Make sure to follow them on Twitter to learn more, and check out part three of their $ETHx explainer series below!
Biggest TVL Movers + Else
Chains are mostly red today. Fastest-growing chains on the weekly with at least $1M in TVL are Evmos at +139% and $2.9M TVL, Tezos at +107% and $55.3M TVL, and Polygon zkEVM at +52.18% and $16.1M TVL.
Protocols are also mostly red today. Fastest-growing protocols on the weekly with at least $1M TVL are TokenPocket on ETH Mainnet at +1,700% and $8.4M TVL, Plenty (dex) on Tezos at +826% and $1.1M TVL, and Forge (dex) on Evmos at +319% and $2.2M 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 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)
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 on Cardano called @marlowe_io. Twitter bio states “Marlowe is now live on the Cardano mainnet! Discover a complete set of tools to create, verify, and deploy secure smart contracts.” h/t @timbharrison:
-Something new on Solana called @SDX_markets. Twitter bio states “Solana's Premier Option AMM”. h/t @toffee248:
-Something new called @permissivelabs. Twitter bio states “The authorization framework for Ethereum accounts built on ERC-4337”. h/t @toffee248:
-Something new on Evmos called @tashi_finance. Twitter bio states “Tashi is your path to Borrow Lend #DeFi enlightenment on #Evmos. Empower your prosperity: Connect | Deposit | Transcend 🔋Powered by @romeblockchain”. h/t @toffee248 - make sure to give him a follow!
-Previously-mentioned @AstariaXYZ on ETH Mainnet has been added to @DefiLlama. Description reads “Astaria is an NFT lending platform that enables Strategists to set loan conditions via Vaults, which gather funds from liquidity providers for borrowers”.
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)
-Ethereum has generated almost $2B in fees in the last year:
-Crypto analytics firm @nansen_ai cuts staff by over 30%:
-US 30 year fixed rate mortgages hitting 8% mark:
-Well-known web3 gaming project @illuviumio raises an additional $10M:
-Interesting stonk data from @CharlieBillelo:
-Nvidia hits $1T market cap:
-Superb thread from @Dynamo_Patrick on how to do on-chain research using @DefiLlama:
-Some interesting LSD states from @Ethanh141:
-Notable stat from @dunleavy89:
-Interesting crypto/macro roundtable discussion from a YouTube channel we haven’t featured before, featuring @MrBenLilly, @JlabsJanitor, @horushughes, @Kodi_thekid, and @MarconiWight:
-Latest crypto news roundup from @coinbureau:
-Parting wisdom from @BarryBluee:
Conclusion
Happy Wednesday 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.