Happy Tuesday friends! Lots of stuff going on!
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: $1,944.90
Oil (WTI): $78.14
US 10Y Treasury: 4.622%
Stocks (from:@News4Moves):
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
@silentdao_ is an extremely interesting new project currently building something quite significant + ambitious re: on-chain privacy…
Rather than a standalone chain or a mixer, the idea is to create a composable middleware encryption layer that allows privacy preservation within the EVM itself, allowing users to interact with defi protocols anonymously…
Our editor @rektdiomedes is working with the @silentdao_ team to help with education/drum-banging/etc… so make sure to follow them on Twitter and check out their brand new Medium article on 0dapps below!
Biggest TVL Movers + Else
Chains are mostly red today. Biggest gainer on the weekly among top 30 chains is Kujira (#28) at +61.81%.
Protocols are mixed today. Biggest gainer on the weekly among top 100 protocols is MarginFi (#74) on Solana at +60.22%.
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 Chains/Protocols By 24 Hour Fee Generation (from @DefiLlama):
Other Data Points
Bitcoin Fear/Greed Index:
(from @BitcoinFear)
Ethereum Fear And Greed Index
(from @EthereumFear):
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 called @UtilityUseless. Twitter bio states “Your first dedicated OTC trading marketplace.” h/t @AresLabs_xyz:
-New NFT marketplace(?) called @sealed_art. Twitter bio states “get in, we’re starting a moooovement”. h/t @AresLabs_xyz and @YoungMetaMeta:
-New dex and dex aggregator that seems to be XRP-related called @MoaiFinance. Twitter bio states “🧑💻 Multi-chain DEX & Cross-chain DEX aggregator”. h/t @AresLabs_xyz:
-New project called @realtaimoney. Twitter bio states “Decentralized, automated floating peg stablecoin backed by LSDs. The first stablecoin to gives holders ultimate veto over all governance.” h/t @twindoges:
-New Arbitrum project launching beta called @flaexc. Twitter bio states “Native Margin Trading DEX on #Arbitrum 💙 | Lowest Funding Rate | Use at Ease”. h/t @twindoges:
-Something new Solana-related called @gasilon_. Twitter bio states “A permissionless infrastructure layer that abstracts gas fees, allowing users to make any transaction on @Solana with any SPL token. Built by @walless_wallet”. h/t @twindoges:
-Previously-mentioned LightLink dex @ElektrikNetwork has been added to @DefiLlama. Twitter bio states “🚀 First DEX on @lightlinkchain | 💡 Next-Gen, Capital-Efficient with AI | ⚡️ Powered by $ELTK”.
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (minimum $1M+ TVL, no-IL, and single-exposure only) 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)
-Newest CPI (inflation) report coming out this morning, h/t @GameofTrades_:
-Tweet from Grayscale CEO yesterday generated continued ETF approval/etc speculation:
-Crypto-related Google Search volume still far from bull market territory, from great thread of data/charts from @Flowslikeosmo:
-Number of on-chain traders spiking though, h/t @nansen_ai:
-Announcement of Arbitrum STIP incentives from @CamelotDEX generated lots of attention today, h/t sample from @LouisCooper_:
-Fascinating graphic of month over month US single family home price changes from 2000 to the present shows home prices have so far stayed remarkably resilient to rising interest rates, h/t @NewsLambert:
-Still massive premiums on Grayscale trusts, h/t @nik_algo:
-Interesting update re: @0xMantle and @OndoFinance, h/t @bluechip_org:
-Reddit tokens spiking again, h/t @coingecko:
-LayerZero made an interesting announcement today, though not the one hopeful airdrop farmers have been desiring, h/t @CC2Ventures:
-Some interesting voting on Cosmos re: ATOM halving, h/t @L1am_Crypto:
-Ordinals activity spiking again, h/t @21Shares:
-Macro/crypto thoughts from @fejau_inc:
-Excellent thread on utilizing DexScreener from @blackbeardXBT:
-Great interview with macro gigabrain Mike Green @profplum99 from Jeff Snider:
-Good mainstream overview of all the news in crypto from the great @CoinBureau:
-Newest @leviathan_news livestream featuring @CurveCap, @traders_insight, and @DAdvisoor going over all the top stories in crypto:
-Farmer Taiki returns with his first yield farms-focused video in two years:
-Parting trading/investing thoughts from @degengambleh:
Conclusion
Have a great Tuesday friends and stay on your toes 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 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.