Happy Wednesday friends!
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: $1,859.40
Oil (WTI): $86.25
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 mostly red today. Biggest gainer on weekly among top 50 chains is Gnosis (#18) at +64.36%. Biggest loser is Linea (#43) at -14.33%.
Protocols are also mostly red today. Biggest gainer on the weekly among protocols with at least $20M TVL is Equalizer (#190) at +624%. Biggest loser is Cream Finance (#146) at -41.77%.
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 Protocols On Binance Smart Chain By TVL (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 on Solana called @ArmadaFi. Twitter bio states “A public good to power the next generation of token ecosystems on @solana // #JoinTheFleet”. h/t @myBlockBrain:
-New project called @bboexchange. Twitter bio states “decentralized perpetual exchange: where modularity meets market dynamism.” h/t @myBlockBrain:
-New @friendtech-fork on Solana called @solmatesxyz. Twitter bio states “Enter the new SocialFi age with SOLmates. Trade Keys and connect with your favorite creators! Solana 💜” h/t @twindoges:
-New project called @DecentFS. Twitter bio states “🌐 DecentFS: Revolutionizing File Sharing 🚀 Combining IPFS, Torrenting, & Gnutella into one seamless, decentralized experience.” h/t @twindoges:
-New project called @GuessOnChain. Twitter bio states “GuessOnChain is a decentralized prediction platform where users can bet on the future price action of crypto tokens, sports events, political outcomes, and more”. h/t @twindoges:
-Previously-mentioned Solana SocialFi project @Friendzygg_ has been added to @DefiLlama. Twitter bio states “With friends, your wealth trends…”
-Previously-mentioned SocialFi project on Solana called @hub3ee has been added to @DefiLlama. Twitter bio states “Connecting the Web3 World”.
Security Alerts
-Security alerts from @PeckShieldAlert:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama ($1M+ TVL, single-exposure, and no-IL 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)
-Caroline Ellison’s testimony in the SBF case generated massive discussion yesterday:
-Some comments by Paul Tudor Jones also generated attention:
-Tron now represents 36.15% of on-chain stablecoin market share, h/t @Dynamo_Patrick:
-Interesting historical NFT stats from @sandraaleow:
-More NFT data c/o @MessariCrypto:
-Macro thoughts from @LynAldenContact:
-Crypto VC activity apparently down 90% from peak, h/t @dunleavy89:
-More and more cracks showing in US commercial real estate:
-Grocery outlet Trader Joe’s suing the on-chain dex @TraderJoe_xyz:
-Very interesting thread from @kaiynne:
-Excellent new thread on Rollbit from @jake_pahor as part of his ongoing protocol by protocol research series:
-Good thread from @BiancoResearch on $TLT(long-duration US bond ETF):
-Interesting new video from @thebellcurvepod:
-Laura Shin’s ongoing coverage of the SBF trial via @unchained_pod:
-Good new video from @leviathan_news for those watching the Arbitrum grants voting:
-Parting wisdom from @TyrogueD:
Conclusion
Happy 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.