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 Updates
Crypto (from @crypto_whispers and @cryptobubbles24:
Gold: $2,091.90
Oil (WTI): $72.07
Stocks: N/A
Biggest Price Movers
(From @coingecko top 1000)
Spotlight
We’re helping raise awareness about an extremely cool new protocol called @Equilibriafi!
Equilibria is a new project built atop @Pendle_fi, building out the Pendle flywheel!
Pendle has been attracting immense amounts of attention and TVL, and Equilibria is jumpstarting the #PendleWars on top of it!
Check out this Medium article to learn more and make sure to follow their Twitter account.
And check out the below tweets/threads for more info!
Biggest TVL Movers
Chains are very red today. Only top 30 chains green on the weekly are ETH Mainnet (#1), Arbitrum (#4), and Gnosis (#26).
Protocols are also very red today. Only top 100 protocols up over 10% on the weekly are Convex (#7), Alpaca Finance (#27), Radiant (#32), Chronos (#36), BiSwap (#42), Blur (#56), Ondo Finance (#60), Concentrator (#92), and QiDao (#98).
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)
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 zkSync called @zkLend. Twitter bio states “zkLend is an L2 money-market protocol built on Starknet, combining zk-rollup scalability, superior transaction speed, and cost-savings with Ethereum’s security.” h/t @emcd_io:
-Previously-mentioned Sui protocol @BlueMove_OA has been added to @DefiLlama. Twitter bio states “The leading Multi-chain NFT Marketplace on Aptos & Sui. The smarter way to trade on SUI: #BlueMoveSwap $MOVE”.
-Previously-mentioned @KriyaDEX has been added to @DefiLlama. Twitter bio states “Institutional trading infra on @SuiNetwork 🌊 Bridge, Swap | 20x leveraged perps | OTC 🧘♂️”.
-Previously-mentioned @Turbos_finance has been added to @DefiLlama. Twitter bio states “Non-custodial and Hyper-efficient DEX powered by @SuiNetwork 💧|Concentrated Liquidity Market Making (CLMM) AMM & Perpetual Trading”.
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)
-Big week ahead, with next CPI (inflation) report coming out on Wednesday:
-Bitcoin congestion and the temporary pausing of $BTC withdrawals from Binance dominated crypto discussions today:
-Ethereum Mainnet also seeing large levels of activity and resulting burn:
-Just about one year ago was the LUNA/UST collapse:
-Bearish sentiments from @OuroborosCap8:
-Lots of talk about Bitcoin L2’s. Example below from Stacks founder @muneeb:
-Interesting stats from @coingecko:
-Another interesting clip from the annual Berkshire Hathaway meeting, where Warren Buffet gives a pretty sober/bearish answer to a question about the USD’s reserve currency status:
-New staked $ETH all-time high this week:
-Interesting story about California defaulting on $18.6B in debt:
-Thoughts on meme coins from @AndreCronjeTech and @NFT_GOD:
-Interesting proposal re: “BRC-21 tokens” via @alexeiZamyatin:
-Gold outperforming long-end bonds:
-Good thread on perp dex’s from @FarmerTuHao:
-Very interesting thread on BRC-20’s from @DefiIgnas:
-Good crypto-focused interview from @juanaxyz00 with @MarkJeffrey on @thesovchimp:
-Good macro interview with Hugh Hendry @hundry_hugh from Michael Gayed @leadlagreport:
-Interesting macro interview with @LukeGromen:
-Parting wisdom from @MikeAbundo:
Conclusion
Have a great week 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.
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