Happy Sunday friends!
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 Updates
Crypto (from @coingecko and cryptobubbles(dot)net):
Gold: $2,017.60
Oil (WTI): $71.34
Stocks: N/A
Biggest Price Movers
(From @coingecko top 1000)
Spotlight
Yield-maximizoors and Gains Network fans take note! The Chads at @TimeswapLabs have a new $DAI/$gDAI pool for you to take advantage of!
@TimeswapLabs is a defi protocol that offers a fixed-term money market with no liquidations or oracle dependencies, and describes itself as “Like Uniswap - but for lending and borrowing”. We’ve been helping raise awareness about what they’ve been up to, with their recent V2 release, multi-chain rollout, and more…
As big fans of both Timeswap and Gains, we’re very excited about the new $DAI/$gDAI pool!
Learn more about it in their thread below!
Biggest TVL Movers
Chains are very red today. Top 50 chains down more than 10% on the weekly include Fantom (#10), zkSync Era (#22), Aptos (#31), Telos (#38), and Parallel (#46).
Protocols are very red as well. Only top 100 protocols that are green on all three timelines (daily, weekly, monthly) are PinkSale (#40), and Ondo Finance (#61).
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 protocol on Arbitrum called @relativefi. Twitter bio states “Building cross-sector dApps for derivatives and skill-based wagering across SocialFi, DeFi, and GameFi. Join now and earn RLTV…”
-New protocol on Nautilus chain called @poseiswap. Twitter bio states “PoseiSwap is the very 1st #Dex on the @nautilus_chain, built to provide the best trading and liquidity provision experience for users and project developers.”
-New project called @BlockedProtocol. Twitter bio states “Powering meaningful engagements in web3.”
-Something new called @soonswap. Twitter bio states “The first NFT marketplace with Limit order & AMM pool model & Farm to enable more #NFTs to circulate in real-time…”
-Something new called @luxs_fi has been added to @DefiLlama. Twitter bio states “DeFi Yield Farm. Lending strategies on Optimism, BSC, Arbitrum, Polygon blockchains. High APY, low gas fees, on-chain + off-chain security measures.”
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (minimum $5M+ TVL, no-IL, single-exposure 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)
-M2 Money Supply hitting unprecedented lows:
-Number of addresses receiving $ETH off cex’s hits 5 month high:
-Interesting comments about banks and bank runs from Warren Buffet at the annual Berkshire Hathaway meeting, h/t @JackFarley96:
-GMX alfa from @DoveyWan?
-Gate.io announces they will list BRC-20 tokens, h/t @MarkJeffrey:
-Macro wisdom from @SantiagoAuFund:
-Solana and other alt-L1’s getting increasing attention as Ethereum Mainnet gas fees spike again:
-Arbitrum apparently now doing over $100M in annualized revenue, h/t @jamesjho_:
-Excellent thread on the overall NFT market and various important/innovative protocols within it, from @Flowslikeosmo:
-Good article on oil/inflation/geopolitics from @UrbanKaoboy:
-New livestream from @noahseidman on macro + crypto landscape:
-New overview of macro landscape from former Fed insider Joseph Wang @FedGuy12:
-New protocol breakdown from @Ceazor7:
-Parting wisdom from @phtevenstrong and @ViktorDefi:
Conclusion
Have a great Sunday friends! Let’s get after it!
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.