Happy Sunday good degens! Prices seem to have plateaued off the recent spike… will be interesting to see what happens next!
Let’s dive in!
Stats/alerts/etc at top and tweets/news/links/videos/etc at bottom… and all tweets are hyperlinked so just click on them to pull them up on Twitter!
Market Update
Crypto (from @CryptoBubbles24):
Gold: $1,938.70
Oil (WTI): $77.17
US 10Y Treasury: 4.646%
Stocks (from:@News4Moves): N/A
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
The good cowboys over at @Rodeo_Finance on Arbitrum keep building and shipping, and their latest creation- Alamo- is almost ready for release!
Alamo “…unlocks a secondary yield layer for LSTs, PT tokens, jUSDC, GLP, plsARB + more by using them as collateral to borrow against, with leverage… This lets bullas build unique strategies to match their market outlook. Are you looking to: Long LSDs? Stack pendle yield? Maximize Arb exposure? Lower price risk & increase yield? jUSDC jeenis loop? Stack Arb Staking? The Alamo has a special strategy just for you!”
We’ve been helping raise awareness about everything the Rodeo team has been building, so make sure to follow them on Twitter for more updates and check out their thread on Alamo below!
Biggest TVL Movers + Else
Chains are mixed today. Biggest gainers on the weekly among chains with at least $5M TVL are Wemix, Elysium, Radix, ShimmerEVM, and Kujira, all up by at least 80%.
Protocols are mixed today as well. Biggest gainers on the weekly among protocols with at least $5M TVL are Osmosis yield protocol Qasar Vaults, multichain protocol Solv Protocol (no category given), Arbitrum/Mainnet CDP protocol DSU Money, multichain protocol Metavault (no category given), and Radix dex CaviarNine, all up over 100%.
Here’s The Top 12 Chains By TVL (from @DefiLlama):
Here’s The Top 12 Protocols By TVL (from @DefiLlama):
Here’s The Top 12 NFT Marketplaces By 7 Day Volume (from @DefiLlama):
Other Data Points
Bitcoin Fear/Greed Index:
(from @BitcoinFear)
Ethereum Fear And Greed Index
(from @EthereumFear):
Fee Generation (from cryptofees(dot)info):
Degen Alfa
(Exclusive data/information from our Official Sponsor @ChainEDGE_io - sign up today by clicking here!)
-24 Hour Smart Money Inflows/Outflows
-Sample From The ‘New Launch Digest’:
New Protocols
(note: this includes new defi protocols we find through combing Twitter each day, and we also include every (newly launched) protocol added by @DefiLlama - hence disclaimer: these are not pre-vetted by us so make sure to DYOR!)
-Something new called @usecapsule. Twitter bio states “Secure cross-app embedded wallet infrastructure. Now in public beta 💻”.
-Something new called @M2Exchange. Twitter bio states “The New Home Of Crypto. Best-in-class trading and investment platform to grow your wealth in the digital asset space. #WhenTrustMatters CEO @M2Stefan”.
-New project on Solana called @AdrasteaFinance. Twitter bio states “Accessible real-yield DeFi strategies on Solana ☄️”. h/t @toffee248:
-Something new on Injective called @Gryphon_fi. Twitter bio states “The essential engine for liquid staking, leverage, & lending on Injective” h/t @toffee248:
-New defi protocol on Scroll called @CooneFinance. Twitter bio states “A Community Driven Liquidity Layer, AMM & Lending protocol on @Scroll_ZKP.” h/t @toffee248:
-New TG trading bot project called @froboteth. Twitter bio states “FROUBOT ($FROBOT) is a project introduced in DeFi space that allows you to trade and manage all your cryptocurrency exchange (CEX) transactions through TG.” h/t @I_am_patrimonio:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (all types, minimum $1M+ TVL) and @stable_fish - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Important News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-Alt-L1 tokens have been ripping upward, h/t @crypthoem:
-$ETH back into deflationary territory, h/t @milesdeutscher:
-@THORChain hit an all-time high in volume yesterday, h/t @ChadThoreau:
-Fascinating stat from France where apparently more people own crypto than they do stocks:
-Interesting chart of NFT volumes c/o @NfinityLabs c/o @nansen_ai:
-Perps dex’s not yet back up to 2021 bull market volume levels, h/t @ThorHartvigsen:
-Wallet thoughts from @crypto_condom:
-@Bancor seeing spike in volumes and price, h/t @Flowslikeosmo:
-$TIA still generating much attention, excellent sample (thread) from @TyrogueD below:
-Interesting thread from @Arthur_0x on @osmosiszone:
-New weekly macro overview video from Joseph Wang @FedGuy12:
-Thoughts from @thehiddenmaze (building upon another tweet from @My_SexyLife):
-New weekly crypto/macro roundup from @Blockworks_ featuring @MikeIppolito_ and @MarkYusko:
-Excellent new crypto + macro livestream from @noahseidman:
-Parting wisdom from @NTmoney:
Conclusion
Happy Sunday friends! Let’s get after it!
And please RT/subscribe/etc if you found this valuable! :)
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***Note On Material: The ‘Spotlight’ and ‘Note’ sections and info on our Official Monthly Sponsor 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.