Happy Sunday degens! Quite the greenery we’re seeing!
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: $1,992.20
Oil (WTI): $80.51
US 10Y Treasury: 4.577%
Stocks (from:@News4Moves): N/A
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
@derivio_xyz is an absolutely gigabrained new perps/options/derivatives protocol on zkSync Era that just launched their mainnet beta!
Some highlights to catch you up to speed…
-Productive & sustainable real yield sources via organic market behavior.
-Algorithmic risk protection for liquidity providers to achieve scalable TVL.
-Fully decentralized architecture & non-custodial trading.
-Innovative & composable derivatives with high capital efficiency & wide market offerings.
-Community-owned and driven with institutional-grade standards...
We are going to be shining a light on a bunch of their features in the coming months, so make sure to follow them on Twitter for more updates, visit their site to check out the trading + yield opportunities, and check out the announcement re: their mainnet beta launch below!
Biggest TVL Movers + Else
Chains are mostly green today. Top 30 chains up at least 30% on the monthly include Solana (#8), Bitcoin (#11), Cardano (#12), MultiversX (#19), Osmosis (#22), Thorchain (#24), and Aptos (#28).
Protocols are very green today. Protocols with at least $10M TVL up at least 400% on the monthly include Astarter on Cardano (no category given), TON liquid-staking protocol Tonstakers, ETH Mainnet CDP protocol PrismaFi, and Aptos lending protocol Aries Markets.
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 Stablecoins By Market Cap (from @coingecko):
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!)
-New dex called @CattieSwap on Scroll and Arbitrum. Twitter bio states “CLMM DEX, Launchpad on @Scroll_ZKP & @arbitrum - Cutting edge, fast, and secure trading. 🟢 MeowShare Epoch 1 is Live!”.
-Something new called @echobotfinance. Twitter bio states “Using data from the Binance top 100 traders to super charge your portfolio. Empower your trades with $ECHO.” h/t @toffee248:
-Something new called @DYOFarm. Twitter bio states “👨🌾 Create custom farms for stakers of any ERC20! 🚜 Beta now LIVE on mainnet!” h/t @toffee248:
-New NFT marketplace called @DreamByt3. Twitter bio states “First sustainable NFT Marketplace - powered by $DREAM and the Community.” h/t @toffee248:
-New project called @0xAnon_Tech. Twitter bio states “A Complete Privacy Trading And Liquidity Leasing Solutions | Privacy DEX | 0xAnon Bot | Liquidity Leasing Protocol”. h/t @toffee248 - make sure to give him a follow!
-New project called @KelpDAO. Twitter bio states “Building $rsETH, a single LRT for ETH LSTs ▪︎ Designed for liquidity, DeFi & higher rewards ▪︎ Innovating on @eigenlayer for @ethereum.” h/t @twindoges:
-Something new called @noloyolo_. Twitter bio states “No-loss Trading on NOLOYOLO: Trade ETH (Long or Short) With Up To 8x Leverage and Make Profits on Every Trade. No black swans allowed 🦢”. h/t @twindoges:
-Something new called @Nimble_Network. Twitter bio states “Building the Nimble Intent Protocol”. h/t @AresLabs_xyz:
Security Alerts
-Security announcement from Aave, see thread below:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (single exposure, no-IL, minimum $10M+ TVL 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)
-Bitcoin now above $35K:
-Total crypto market cap now at its highest level since mid-collapse spring 2022, h/t @DaanCrypto:
-A fake version of the Ledger app in the Microsoft app store has resulted in over half a million in lost funds:
-Interesting LayerZero airdrop speculation, h/t @thedefivillain:
-Bitcoin halving generating more and more discussion as it approaches:
-Bonds bounced the last few days as yields fell following announcements/statements from US Treasury and Fed:
-Increasing focus on Arbitrum and its ecosystem as the Arbitrum STIP (short-term incentives program) gears up, sample from @Flowslikeosmo:
-Continued issues with @LastPass-related losses:
-Bearish headlines continue to prevail in US commercial real estate:
-Market thoughts from @Rewkang:
-Fantastic new macro video featuring @hkuppy and Chris MacIntosh @capitalistexp:
-Newest protocol breakdown video from @Ceazor7, on Ambient Finance:
-New interview with @ramahaluwalia from @theempirepod about the DCG/Genesis situation:
-Latest weekly macro update from Joseph Wang @FedGuy12:
-Some crypto-applicable wisdom from @TheRealEstateG6:
-Parting sentiments from @loomdart:
Conclusion
Happy Sunday friends! Enjoy the positive price action!
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.