Happy Wednesday degens!
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: $1,961.30
Oil (WTI): $76.84
US 10Y Treasury: 4.573%
Stocks (from:@News4Moves):
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
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Biggest TVL Movers + Else
Chains are very green today. Top 20 chains up at least 30% on the monthly include Solana (#8), Cardano (#11), Bitcoin (#12), MultiversX (#19), and Osmosis (#20).
Protocols are mixed today. Top 50 protocols up at least 40% on the monthly include Spark (#16), Marinade Finance (#25), Sushi (#27), Prisma Finance (#30), WemixFi (#36), Jito (#39), Stader (#43), and Thorchain (#45).
Here’s The Top 12 Chains By TVL (from @DefiLlama):
Here’s The Top 12 Protocols By TVL (from @DefiLlama):
Here’s The Top 10 Meme Coins 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):
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (all types, 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)
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 @IBC_Fi. Twitter bio states “The first asset class in history with inversed market dynamics. Built by @bearmarketlabs”. h/t @ryanology045 (note: @Exponents_Fi is also a new protocol but we already highlighted it previously):
-Something new called @otseaERC20. Twitter bio states “Peer-to-peer ERC20 token trading, simplified. No pools, no problems ¯\_(ツ)_/¯”. h/t @CryptoNikyous:
-New project called @OtaconAI. Twitter bio states “The world's first #AI Bug Bounty Hunter. I claim bug bounties on behalf of anyone with a computer, and I share them with $OTACON holders.” h/t @CryptoNikyous:
-Something new called @Toposware. Twitter bio states “Toposware is building new technology for a trustless, connected future, we are committed to solving the hardest problems in cryptography & distributed systems.” h/t @TweetByGerald:
-Something new called @Kalium_Network. Twitter bio states “Kalium Network: Your Gateway to On-Chain Privacy. Seamlessly integrated with Ethereum, BSC, Polygon, and NEAR for enhanced privacy via ZK cryptography.” h/t @ApeOClock:
-New ‘Services’ project on Kava called @CofferCity has been added to @DefiLlama. Twitter bio states “Saving Made Simple, Smart, and Secure. Powered by @Toronet #decentralized blockchain technology 💯”
-New lending protocol on Scroll called @LendoraProtocol has been added to @DefiLlama. Twitter bio states “A Decentralized lending protocol on @Scroll_ZKP 📜 Earn Interest & Borrow Assets, Seamlessly.”
-New dex on opBNB called @grokswap_en has been added to @DefiLlama. Twitter bio states “#Multichain on #BNBCHAIN. Next move on #Scroll Chain, #opBNB, #Ethereum, #Polygon zkEVM, zkSync etc”.
-Previously-mentioned Arbitrum derivatives protocol @marginlycom has been added to @DefiLlama. Twitter bio states “Go up to 20X long or short on Uniswap and other DEXs. We help DEXs gain new superpowers 🦾”.
Important News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-$USDT market cap up to $86B as stablecoin liquidity continues rebounding:
-$USDC/Circle apparently considering an IPO next year:
-Interesting story today where the Grayscale Chainlink Trust began trading 200% above spot, h/t @ChainLinkGod and @DefiantNews:
-CME open interest on $BTC futures hits record level in $BTC terms (slightly below 2021 peak in USD terms):
-Eyes on countdown to potential $BTC spot ETF approval:
-Multi-month Arbitrum incentives have started on GMX and other main Arbitrum protocols, catalyzing TVL increases and etc, h/t @DeFiMann:
-Potential FTX estate selling generating attention from some big accounts on Twitter:
-Ordinals generating attention again as well, h/t @LeonidasNFT:
-A $2M loss by an MEV bot generated discussion yesterday, h/t @officer_cia:
-Good macro thread on the much-discussed SPR (strategic petroleum reserve) by @JamesLavish:
-Excellent thread on market cycles and psychology from @3xliquidated:
-Sentiments c/o @mrjasonchoi:
-New interview with @EricBalchunas from Cami Russo at @DefiantNews about everything Bitcoin-ETF’s:
-New ‘Yield Farms Of The Month’ video from @0xMughal:
-Parting wisdom from @0xKun:
Conclusion
Have a great Wednesday friends! Stay alert out there!
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.