Happy Thursday friends! Exciting times to say the least!
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 @CryptoBubbles):
Gold: $1,947.40
Oil (WTI): $75.67
US 10Y Treasury: 4.539%
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 quite green today. Top 30 chains up at least 50% on the monthly include Cardano (#11), Gnosis (#15), MultiversX (#19), Osmosis (#20), Thorchain (#25), Mantle (#29), and Kujira (#30).
Protocols are very green today as well. Protocols with at least $20M TVL up at least 500% on the monthly include Solv Protocol, TONStakers, and PrismaFi.
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 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!)
-Something new called @ritualnet. Twitter bio states “The world's first community-owned AI network.”
-Something new called @0xStackr. Twitter bio states “BUILD WHATEVER, USING WHATEVER | Modular SDK for building micro-rollups in general-purpose languages”.
-Something new related to Metis called @ENKIProtocol. Twitter bio states “Seamlessly Stake Metis, Earn Rewards, and Embrace DeFi with ENKI Protocol. 🌿” h/t @twindoges:
-Something new on Solana called @kizzymobile. Twitter bio states “The first content prediction marketplace | Built on @solana | 2nd place Mobile Track…” h/t @twindoges:
-Something new called @otex_tools. Twitter bio states “Building scalable solving infrastructure across chains and dApps. Actively solving on CowSwap since May 2022. Soon to solve wherever there's a user intent.” h/t @thealphadigest:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (all types, 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)
-Lots of bullish sentiment on the TL as prices keep rising:
-Similarly bullish sentiments on US stock market from @TgMacro (who is more of a pro-energy guy and far from a permabull on stocks it should be noted):
-Speculation on potential imminent ETF approval, h/t @crypto_condom and @0xjaypeg:
-Related from tradfi markets… GBTC discount narrowing and call premium on COIN blowing up, h/t @WClementeIII and @vivalamacro:
-Interesting note re: Synthetix that their founder @kaiynne retweeted:
-Kujira generating lots of attention currently, h/t @crypto_linn:
-Thoughts on stablecoins from @santiagoroel:
-Excellent thread on Blur from @Prithvir12 and some (potential) esoteric bullishness on it from @HsakaTrades:
-Good thread on the RWA narrative and some key RWA projects, from @SteakCapital:
-Excellent thread/report on Rollbit from @jake_pahor’s ongoing research series:
-Trading/investing wisdom from @CryptoKaduna:
-New roundtable discussion from The Chopping Block @Unchained_pod discussing a variety of crypto topics:
-Good new @Ceazor7 video on ‘Inverse Bonding Curves’ for our hardcore defi nerds:
-Parting wisdom x2 from @panicselling:
Conclusion
Have a great Thursday friends!
And please RT/subscribe/etc if you found this valuable! :)
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Note
@silentdao_ is an extremely interesting new project currently building something quite significant + ambitious re: on-chain privacy…
Rather than a standalone chain or a mixer, the idea is to create a composable middleware encryption layer that allows privacy preservation within the EVM itself, allowing users to interact with defi protocols anonymously…
Our editor @rektdiomedes is working with the @silentdao_ team to help with education/drum-banging/etc… so make sure to follow them on Twitter and if you are going to be at DevConnect in Istanbul make sure to say hi to the team!
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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.