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: $1,962.00
Oil (WTI): $79.53
US 10Y Treasury: 4.616%
Stocks (from:@News4Moves):
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Attention good frogs! The team at @Spiral_DAO has entered the Maverick wars! It offers the most advanced liquid locker solution for MAV and currently holds two boosted positions with highly attractive rewards for supplying liquidity!
As background, @Spiral_DAO is a whipsmart new protocol we’ve been helping raise awareness about, focused on the world of liquid wrappers, yield farming, vote incentive markets, and VeTokenomics… get more info on them via the embedded tweets below!
Biggest TVL Movers + Else
Chains are mixed today. Biggest gainer on the weekly among top 50 chains is Osmosis (#20) at +26.36%. Biggest loser is Near (#36) at -15.10%.
Protocols are mixed today as well. Biggest gainer on the weekly among top 50 protocols is WemixFi (#34) at +75.31%. Biggest loser is Arrakis Finance (#50) at -4.44%.
Here’s The Top 12 Fastest-Growing Chains By TVL On The Weekly (from @DefiLlama):
Here’s The Top 12 Fastest-Growing Protocols By TVL On The Weekly (from @DefiLlama - note: this one has a minimum TVL filter so only includes protocols with at least $1M TVL):
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!)
-New project called @due_network. Twitter bio states “Open a borderless account for your business, send and receive payments worldwide, with instant access to funds in stablecoins or local currency.” h/t @AresLabs_xyz:
-New project called @NataFinance. Twitter bio states “Enabling on-chain M&A by @0xPrado @xavierlava @jaybuidl @cerbivore”. h/t @AresLabs_xyz:
-Something new called @Veda_bitcoin. No Twitter bio. h/t @AresLabs_xyz:
-New Kujira-related project called @unstake_fi. Twitter bio states “The Instant Unstaking protocol for the interchain. Coming soon to @TeamKujira. Don’t Wait. Unstake.” h/t @toffee248:
-New subdao from our friends at @Magpie_xyz called @cakepiexyz_io. Twitter bio states “Cakepie is a state-of-the-art SubDAO created by @magpiexyz_io to bolster the long term sustainability of @PancakeSwap.”
-Something new called @BitRockChain. Twitter bio states “Bitrock - the side chain EVM compatible blockchain.” h/t @CryptoNikyous:
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)
-Crypto seeing largest stablecoin inflows in over a year, h/t @Pentosh1:
-Update on Arbitrum staking proposal, which has generated much debate over the last few days:
-Kraken may be launching an L2:
-Open interest in alts (tokens besides $BTC and $ETH) apparently the highest its been since May 2022, h/t @TheFlowHorse:
-Interesting macro update from Europe c/o @AndreasSteno:
-NFT volumes trending up, h/t @the_metadata:
-Ticker/narrative alfa from @Prithvir12:
-Fiscal doom loop update from US, h/t @charliebilello:
-Aave deploying to Gnosis, h/t @lemiscate:
-Bullish mini-thread from @redphonecrypto:
-Newest weekly thread of liquid-staking stats/updates from @KopremesisE:
-Excellent new video on Coinbase and the investment thesis around it from @BanklessHQ, featuring @0xjaypeg and @mrink0:
-Good new macro/crypto livestream from @noahseidman:
-Parting wisdom from @Stoiiic:
Conclusion
Have a great Tuesday friends!
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.