Happy Monday friends! Big week ahead of us!
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: $1,986.00
Oil (WTI): $81.89
US 10Y Treasury: 4.591%
Stocks (from:@News4Moves): N/A
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
It’s been four months since our friends at @HMXorg got started and things have been anything but quiet!
Some key metrics thus far:
4.5Bn+ in Total Trading Volume
$20M+ in Total Value Locked
$1.8M+ of fees distributed to users
25+ assets listed
4 protocols integrated.
Beyond this, they’ve also shipped important enhancements like their PWA, lightning-fast order execution engine, user-centric UI/UX updates… and built a strong community of traders and yield-appreciatoors!
We have been helping raise awareness about what the crew at HMX has been up to, so make sure to give them a follow on Twitter to stay updated on everything they are releasing!
Biggest TVL Movers + Else
Chains are slightly red today. Top 30 chains green on all three timelines (daily, weekly, monthly) include Cronos (#9), Pulse Chain (#14), Gnosis (#16), Osmosis (#21), Ronin (#29), and Canto (#30).
Protocols are mixed today. Top 100 protocols up at least 30% on the weekly include PrismaFi, WemixFi, Jito, Hatom Protocol, Osmosis Dex, and Spark.
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):
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 @intmaxIO. Twitter bio states “The first stateless zkRollup🧬 & A biometric MPC wallet for all L2s”. h/t @AresLabs_xyz:
-Something new called @superbridgeapp. Twitter bio states “Native bridging for rollups”. h/t @thealphadigest:
-New perps project on Manta Network called @Realperp_com. Twitter bio states “Decentralized Derivatives and Social Trading Platform. Trade and earn with the lowest fee and up to 50x leverage.” h/t @Chain_Eye:
-Something new called @stix_co. Twitter bio states “Building structure in private markets | A Socratix Holdings company”. h/t @TweetByGerald:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (single exposure, no-IL, minimum $1M+ 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)
-Macro schedule for the week ahead, c/o @KobeissiLetter:
-Fascinating chart from @CryptoKoryo:
-Ticker/narrative alfa from @thedefivillain:
-More bad macro data from Germany:
-The South Korean stock market has jumped over 10% today after the country introduced a ban on short-selling until at least June 2024:
-Weekly unlocks data from @Token_Unlocks:
-Another US bank failure is generating attention in macro circles:
-Latest Simpsons episode with focus on NFT’s generating discussion:
-Good thread on liquid restaking tokens from @definapkin:
-Good macro thread from @qthomp:
-Trading thoughts from @resdegen:
-New video from @Cryptocito on everything going on in the Cosmos ecosystem:
-New macro video from @AndreasSteno featuring Weston Nakamura, specifically focusing on situation with Japan:
-New video from @Dynamo_Patrick on the turn in on-chain stablecoin liquidity:
-Parting wisdom c/o @BowTiedNightOwl:
Conclusion
Happy Monday degens! Let’s get after it!
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.