Happy Tuesday friends! Another wild day in crypto!
Stats/alerts/etc at top and news/events/links at bottom as always!
Market Update
Overall crypto market cap: +2.5% to $0.974T.
$BTC: +2.8% to $19,221.69, and a market cap of $368.2B.
$ETH: +3.6% to $1,356.22, and a market cap of $163.5B.
Gold: $1,670.30
Oil (WTI): $85.88
Stocks:
More Crypto:
Biggest Price Movers
(From @coingecko top 500)
Up:
-Ellipsis [OLD] $EPS +49.7%
-Mdex $MDX +25.2%
-Ion $ION +20.4%
Down:
-Phoenix Global $PHB -22.1%
-Gods Unchained $GODS -16.0%
-KI $XKI -12.4%
Spotlight
Our sponsor for this month is a very cool platform called @dexguru, a non-custodial on-chain trading terminal + analytics + charting platform that provides token swap execution capabilities on all the main EVM chains. Here’s a weekly update thread they just released of what they’ve been focused on:
Biggest TVL Movers
Chains are pretty mixed today. Among top 25 chains on the monthly, the ones in the green are Arbitrum (#7) at +2.84%, DeFiChain (#11) at +14.43%, Osmosis (#16) at +24.52%, and Algorand (#17) at +12.69%.
Protocols are mostly green today. Protocols green on all three timelines (daily/weekly/monthly) include GMX (#26), Euler Finance (#32), ICHI Farm (#49), DeFiChain Loans (#56), Temple DAO (#72), Algofi (#80), Vector Finance (#82), Folks Finance (#93), and BendDAO (#94).
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 @All_about_DeFi)
Ethereum Fear/Greed Index:
(from @ETH_CFGI)
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!)
-New BSC protocol called @FarmeryProtocol. Twitter bio states “#1 Staking | Yield- #1 Lottery Protocol Farm…” (h/t @ApeOClock)
-New protocol called @SolStreetFin. Twitter bio states “Connecting investors to fund managers building @solana 's best on-chain hedge funds”.
Rug Pulls/Exploits/De-Peggings/Liquidation Alerts
-@certiKAlert released alerts regarding an exit-scam alert on Fur Token $FUR; and a flash-crash on $BNQ.
-A $160M hack of Wintermute is generating intense discussion on Twitter:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @defillama ($1M+ TVL and no-IL and single-exposure 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)
-FOMC meeting/Fed rate hike tomorrow:
-Institutions:
-Rari Fuse hack update:
-Germany PPI coming in at over 45%, highest since 1949:
-Rabby Wallet has added support for Canto and Arbitrum Nova chains:
-Corporate junk bonds blowing out:
-Stablecoin protocol @QiDaoProtocol just deployed on ETH Mainnet:
-Virtually every large country on earth currently has significantly negative real interest rates (interest rates below the respective rate of inflation):
-@peckshield announced an interesting innovation:
-@BarryFried1 released a thread on upcoming Arbitrum protocol @vertex_protocol:
-Tech stocks down bad:
-@SalomonCrypto released a gigabrained thread on something called EigenLayer:
Conclusion
See you tomorrow fellow degens!
And please RT/follow/etc if you found this helpful! :)
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Note: As mentioned the other day, the gents at @GainsNetwork_io were kind enough to offer us a spot as one of their inaugural partners for their brand new referral program. They also just made us the extremely cool banner below :)
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!):