Happy Sunday friends! Let’s get after it!
As always… 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 @CryptoBubbles):
Total Crypto Market Cap: $2.36T
Gold: $2745.90
Oil (WTI): $69.49
US 10Y Treasury: 4.386%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
The team at @silentdao_ is continuing to develop their revolutionary new on-chain privacy architecture… which is essentially meant to be a middleware privacy/encryption layer:
“Silent Protocol is building the ghost layer, a modular layer 1.5 providing compliant privacy built on the EZEE framework to become that structured playground for institutions and retail users that can provide compliant, secure and privacy preserving access to ethereum native and cross chain liquidity along with enabling access to applications.”
Our editor @rektdiomedes is helping bang the drum about everything @silentdao_ is working on, so make sure to follow them on Twitter for more updates and check out the great thread on them from @kenodnb below!
Biggest TVL Movers + Else
Chains are quite red today. Only top 25 chains green on all three timelines (daily, weekly, monthly) are Polygon (#8), and Core (#14).
Protocols are quite red today as well. Only top 50 protocols green on all three timelines (daily, weekly, monthly) are Ethena (#10), Compound Finance (#14), and Renzo (#32).
Here’s The Top 12 Fastest-Growing Chains By TVL On The Weekly With At Least $100M TVL (from @DefiLlama):
Here’s The Top 12 Fastest-Growing Protocols By TVL On The Weekly With At Least $100M TVL (from @DefiLlama):
Here’s The Top 12 Entities By 24 Fee Generation (from @DefiLlama):
Bitcoin Fear/Greed Index:
(from @BitcoinFear)
Chart Of The Day
(Courtesy of our Official Sponsor @vertex_protocol)
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New Projects
(note: this includes new projects we find through combing Twitter each day, and we also include or re-include every newly launched protocol added by @DefiLlama that has at least some TVL or is followed by at least some of our mutuals - hence disclaimer: these are not pre-vetted by us so make sure to DYOR!)
-Something new called @feed_protocol. Twitter bio states “Fair, secure, accessible on-chain randomness for everyone. Powered by @Solana & @mintlabsdev”. Followed by 2 of our mutuals.
-Something new on Near called @ThunderHoodLab. Twitter bio states “#1 👑 meme marketplace @NEARProtocol -- Build by Traders for Traders”. Followed by 3 of our mutuals.
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (single-exposure, no-IL, 1M+ TVL only) - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Security Alerts
-No security alerts today.
Important News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-Macro schedule for the week ahead, h/t @KobeissiLetter:
-Update on the charts, h/t @DaanCrypto:
-Only 4 tokens in the top 50 have outperformed Bitcoin over the last month, h/t @NPC_68:
-Bullish analysis c/o @BobLoukas:
-Couple of notable EigenLayer resignations generated a lot of discussion yesterday:
-(Related) lots of talk about EigenLayer on the TL generally, example c/o @hmalviya9:
-Memecoin meta continues as talk of Peanut The Squirrel’s killing dominated over the last 24 hours, h/t @Tyler_Did_It:
-More defi headlines, h/t @TheDeFinvestor:
-Interesting thoughts from @Grantblocmates:
-Memecoin thoughts from @ahboyash:
-Sentiments c/o @Tashtegooo:
-New @Blockworks_ video on the current situation in macro + crypto:
-Weekly macro overview from Joseph Wang @FedGuy12:
-Parting wisdom from @tradebutwhy c/o @QuotableCrypto:
Conclusion
Happy Sunday friends! Remember to rest up for the big week ahead! :)
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.