Happy Monday good degens! Another 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 @CryptoBubbles):
Gold: $1,995.50
Oil (WTI): $84.54
US 10Y Treasury: 4.873%
Stocks (from:@News4Moves): N/A
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
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Biggest TVL Movers + Else
Chains are mostly green today. Only top 50 chains red on the monthly are BSC (#3), Base (#9), Mixin (#18), zkSync Era (#19), Algorand (#33), Fantom (#34), and Starknet (#40).
Protocols are mostly green today as well. Top 100 protocols down at least 15% on the monthly include Curve Finance (#11), Convex Finance (#13), Sun (#22), Beefy Finance (#51), ParaX Super App (#55), Velodrome (#58), Synapse (#63), and OKC Liquid Staking (#61).
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!)
-New Pendle-focused Telegram bot project called @noframe_io. Twitter bio states “Unboxing DeFi-native derivatives”. h/t @AresLabs_xyz:
-New project called @MintProtocolApp. Twitter bio states “Leveraged Staked ETH APRs With Long Term Sustainability”. h/t @toffee248:
-New project on OpBNB called @segment_fi. Twitter bio states “Segment Finance is a decentralized, non-custodial liquidity market protocol on #OpBNB.” h/t @toffee248:
-Something new called @lobsterbtc. Twitter bio states “Discover ordinals-backed $btc loans on the Bitcoin blockchain. Generate interest income by lending your $btc”. h/t @toffee248:
-New project called @rivoxyz. Twitter bio states “One-click Access to Earning with DeFi | Smart Contract Multichain Wallet”. h/t @toffee248:
-New Sui liquid-staking project called @volo_sui has been added to @DefiLlama. Twitter bio states “DAO and DeFi platform integrating Liquid Staking on @SuiNetwork vSUI now live on Mainnet!”
-New ‘Farm’ project on Base called @spiritfarmapp has been added to @DefiLlama. Twitter bio states “Welcome to Spirit Farm a new ecosystem of yield opportunities on Base Chain.”
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (minimum $5M+ TVL, single-exposure, no-IL only) and @stable_fish - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Important News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-Next Fed rate hike decision will be this Wednesday:
-Avalanche block explorer @SnowTraceHQ will be sunset 30 days from now (apparently @AvascanExplorer will be the main one now):
-Stablecoin liquidity potentially putting in a bottom, h/t @Dynamo_Patrick:
-$SOL price action continuing to generate bullish discussion, h/t @Bluntz_Capital:
-US stock market continuing to struggle:
-Related, interesting chart of the ‘Buffet Indicator’ from @Schuldensuehner:
-Interesting historical chart of $BTC dominance from @Pickle_cRypto:
-Bullish chart from @RaoulGMI of Bitcoin vs M2 money supply:
-German economy continuing to show weakness:
-Excellent thread on @MakerDAO and @FraxFinance from @0xMughal:
-Thoughts from @alpha_pls:
-New episode of @theempirepod featuring guests @MapleLeafCap and Ben Forman from ParaFi:
-New macro video from ‘Dollar Milkshake’ originator Brent Johnson and co:
-Parting wisdom from @ChadCaff:
Conclusion
Here’s to a big week friends! Stay alert out there!
And please RT/subscribe/etc if you found this valuable! :)
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Note
We are doing a recommendation-swap with our good friend @Route2Fi!
Route has a very popular Substack/newsletter called ‘The Black Swan’ where he writes long-form analysis on all things crypto and defi, as well as thoughts and ruminations on general subjects of interest to brypto degens!
In this vein, his most recent missive is on the topic of the digital nomad lifestyle within crypto and its positives and negatives and overall significance…
Make sure to check it out here and subscribe to his excellent Substack!
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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.