Happy Wednesday and happy FOMC-day 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 again :)
Market Updates
Crypto (from coingecko(dot)com and cryptobubbles(dot)net):
Gold: $2,014.40
Oil (WTI): $71.52
Stocks (from @news4moves):
Biggest Price Movers
(From @coingecko top 1000)
Spotlight
We’re helping the good folks at @staderLabs_eth raise awareness about their new offering $ETHx, which is a decentralized and scalable liquid-staking derivative that they have developed!
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 sign up today on their Discord to try out $ETHx on Goerli testnet and earn a share of the rewards they are giving out for doing so!
Biggest TVL Movers
Chains are very green today. Top 30 chains up over 10% on the monthly include Bitcoin (#14), Algorand (#19), Canto (#20), and Rootstock (#24).
Protocols are very green as well. Top 100 protocols up at least 10% on the monthly include RocketPool (#12), Stargate (#23), Morpho (#27), Radiant (#32), ParaSpace (#37), Ondo Finance (#63), Wombat Exchange (#69), Gamma (#71), OKC Liquid Staking (#78), Wombex Finance (#89), Pendle (#92), and Folks Finance (#98).
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)
Fees:
(from cryptofees(dot)info)
New Protocols
(note: this includes new protocols we find through combing Twitter each day, and we also include every (newly launched) protocol added by @defillama and @debank (excluding Tomb forks/reflection tokens/etc) - hence disclaimer: these are not pre-vetted by us so make sure to DYOR!)
-New/newish(?) protocol called @Flux_Exchange. Twitter bio states “🚀Fully decentralized perpetual trading now live on Fantom!!! #fantom #FTM #zkSyncEra #Aurora #Perpetual #zkSync”. h/t @Fantom_Univers:
-Previously-mentioned @TProtocol_ has been added to @DefiLlama. Twitter bio states “The First DeFi composable #LSD solution for stablecoin. The Next Generation DeFi Infrastructure”.
-New protocol called @goodentrylabs has been added to @DefiLlama. Twitter bio states “Make Every Entry a Good Entry | Protected Perps native to @arbitrum | zkevm”. Here’s a good thread describing them from their team member @DeFi_Made_Here:
-Something called @nocturne_xyz. Twitter bio states “Building usable on-chain privacy for Ethereum.” h/t @AresLabs_xyz:
-Something called @Migaloo_Zone. Twitter bio states “Permissionless Cosmos SDK Blockchain | Home of Interchain Liquidity”. h/t @AresLabs_xyz:
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)
-FOMC/Fed-Rate Hike decision is today:
-Lots of discussion regarding Fed’s path of austerity:
-Lots of discussion over possibility of PacWest potentially being the next bank to fail:
-Post-Shanghai unstaking benefiting decentralized over centralized solutions?
-Interesting Ordinals data c/o @LeonidasNFT and @tomwanhh:
-Bitcoin daily transactions hit all-time high:
-Meme coins causing activity on ETH Mainnet to spike:
-Good thread from @degenharambe on the possibility of a meme-token “supercycle”:
-Wisdom from the first tweet in a thread that @SergeyNazarov just released:
-Good thread from @CampbellJAustin on the current macro/banking/etc situation:
-Very thorough thread from @DeFi_Cheetah on @CurveFinance’s new developments:
-New @leviathan_news livestream featuring @traders_insight, @CurveCap, and @SalomonCrypto:
-Interesting new video from @thebellcurvepod:
-New Q&A video from macroeconomic expert @LukeGromen:
-New video from @ReveloIntel featuring @NickDrakon and @0xSouvlaki discussing Circle/USDC’s new cross-chain transfer mechanism:
-Parting wisdom from @AndreCronjeTech:
Conclusion
Have a great Wednesday friends and stay alert out there!
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.