Happy Thursday friends! It appears the merge has been successful :)
Stats/alerts/etc at top and news/events/links at bottom as always!
Market Update
Overall crypto market cap: -1.1% to $1.03T.
$BTC: -1.0% to $20,124.53, and a market cap of $385.4B.
$ETH: -1.5% to $1,580.55, and a market cap of $190.3B.
Gold: $1,698.50
Oil (WTI): $87.93
Stocks:
More Crypto:
Biggest Price Movers
(From @coingecko top 500)
Up:
-Loom Network [OLD] $LOOMOLD +38.4%
-BoringDAO [OLD] $BOR +35.5%
-Firo $FIRO +31.8%
Down:
-Koda Cryptocurrency $KODA -45.8%
-Hifi Finance $MFT -29.2%
-Sweat Economy $SWEAT -14.9%
Biggest TVL Movers
Chains are mostly red today. For some reason Ethereum (#1) is showing up as -26% on the daily, but guessing that is a glitch having to do with the merge or something.
Protocols are mixed. Compound is down to spot #9 at -26% on the monthly. Frax has jumped up to spot #12. VVS Finance on Cronos Chain is down to spot #25 at -32% on the monthly. Euler is up another 18% today to spot #36.
Here’s The Top 12 Chains By TVL (from @defillama):
Here’s The Top 12 Protocols By TVL (from @defillama):
Other Data Points
Bitcoin Fear/Greed Index:
(from @BitcoinFear)
Ethereum Fear/Greed Index:
(from @EthereumFear)
New Protocols
(note: this includes new protocols we find through combing Twitter each day, and we also include every (newly launched) protocol added by @defillama and @debank (excluding Tomb forks/reflection tokens/etc) - hence disclaimer: these are not pre-vetted by us so make sure to DYOR frens!)
-A new protocol called @Aequinox_Dex has been added to @defillama. Description states “Aequinox Dex is a community-driven decentralized exchange that supports multi-token and weighted pools on the Binance Smart Chain.”
-New protocol called @Zircon_Finance launching soon on Moonriver. Twitter bio states “Zircon builds #DeFi Legos for decentralized exchanges: single-token liquidity provision, bonds, and options.”
-New protocol called @tychezone. Twitter bio states “A FINANCIAL HUB THAT TRANSCENDS BOUNDARIES…” Appears to be starting as an EVM dex on Evmos, with plans to build additional features(?).
Rug Pulls/Exploits/De-Peggings/Liquidation Alerts
-@certiKAlert released several flash-crash alerts on various small market cap scam tokens on Ethereum but those were the only security alerts we could find today! Pretty surprising given it was merge day :)
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @defillama (all types and $1M+ TVL only) and @stable_fish - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Other News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-Merge appears to have been successful!
-In run up to merge yesterday huge exchange inflows of $ETH were being noted, causing concern that largescale selling might take place in aftermath of merge:
-@lightcrypto on the “sell the news” debate:
-Interesting data on $ETH options:
-On-chain shorting just got easier:
-US mortgages now over 6%, more than double what many were a year ago:
-Talk of the merge and the CPI print has overshadowed what could be an extremely consequential rail strike in the US, wisely noted by @AvaxGems:
-Inflation fight in Europe continues:
-@flywheelpod interviewed gigabrain CT defi’er @0x_d24:
-Oil and gas rig counts are declining, despite ongoing concerns over shortages and the Biden admin’s ongoing depletion of the SPR:
-@Crypt0_Andrew released a thread on new Arbitrum protocol @MugenFinance:
-Macro expert Luke Gromen was interviewed today by @natbrunell on the Coin Stories podcast:
Spotlight
We have long been fans of Gains Network and been on friendly terms with their team. As a result they were kind enough to offer us a spot as one of their inaugural partners for their brand new referral program…
If you plan to use Gains anyway and want to support The Daily Degen, we’d be honored if you’d do it through our link (please always ape responsibly though!):
https://gains.trade/referred?by=thedailydegen
Conclusion
Happy merge day fellow degens! See you tomorrow :)
And please RT/follow/etc if you found this helpful! :)
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Note: Big thanks to our official sponsor for this month @DexGuru - make sure to check them out for your charting/analytics/on-chain swap needs!
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