Happy Sunday friends! Let’s get after it!
As always… 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: $2647.10
Oil (WTI): $71.00
US 10Y Treasury: 3.741%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
The team at @silentdao_ is continuing to develop their revolutionary new on-chain privacy architecture… which is essentially meant to be a middleware privacy/encryption layer:
“Silent Protocol is building the ghost layer, a modular layer 1.5 providing compliant privacy built on the EZEE framework to become that structured playground for institutions and retail users that can provide compliant, secure and privacy preserving access to ethereum native and cross chain liquidity along with enabling access to applications.”
Our editor @rektdiomedes is helping bang the drum about everything @silentdao_ is working on, so make sure to follow them on Twitter for more updates and check out the great thread on them from @kenodnb below!
Biggest TVL Movers + Else
Chains are mostly green today. Fastest-growing chain in the top 50 on the weekly is Sui (#9) at +23.58%.
Protocols are mostly green today. Fastest-growing protocol in the top 50 on the weekly is Aerodrome (#33) at +26.75%.
Here’s The Top 12 Fastest-Growing Chains By TVL On The Weekly With At Least $50M TVL (from @DefiLlama):
Here’s The Top 12 Fastest-Growing Protocols By TVL On The Weekly With At Least $50M TVL (from @DefiLlama):
Here’s The Top 12 Entities By 24 Hour Fee Generation (from @DefiLlama):
Bitcoin Fear/Greed Index:
(from @BitcoinFear)
Chart Of The Day
(Courtesy of our Official Sponsor @vertex_protocol)
-Debate around TIA has been dominating the TL as of late! Are you bullish or bearish anon?!? Express your thesis and go long or short via spot or leverage and access 50+ other markets as well at app.vertexprotocol.com!
New Projects
(note: this includes new projects we find through combing Twitter each day, and we also include or re-include every newly launched protocol added by @DefiLlama that has at least some TVL or is followed by at least some of our mutuals - hence disclaimer: these are not pre-vetted by us so make sure to DYOR!)
-Something new called @octra. Twitter bio states “universal FHE protocol enabling economies of the future…” Followed by 43 of our mutuals. h/t @octralex:
-Something new called @pipenetwork. No Twitter bio. Followed by 25 of our mutuals. h/t @DavidRhodus:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (all types, $20M+ TVL only) - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Security Alerts
-No security alerts today.
Important News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-Assets continuing to bounce in wake of Fed rate cuts, h/t @JoeConsorti:
-Crypto watchlist for the week ahead c/o @TheDeFinvestor:
-Alfa on hot tokens from Singapore, h/t @AgonyBeard:
-(Related) Bittensor/$TAO talk continuing to predominate on the TL, example c/o @brodyadreon and @BarrySilbert:
-Reminder re: TVL metrics from @NPC_68:
-Stablecoin arc continuing to heat up, h/t @boz_menzalji:
-More conference thoughts, from @JasonYanowitz:
-Absolutely massive airdrop thread from @flb_xyz (click to read in full):
-Interesting thoughts from @ChainLinkGod:
-Upcoming launches to keep an eye on, h/t @Beacon_Early:
-Additional upcoming launch alfa, c/o @defi_mochi:
-Macro thoughts from @BobLoukas:
-New crypto/macro livestream from @Blockworks_ featuring @qthomp, @fejau_inc, and @JackFarley96:
-New weekly macro overview from Joseph Wang @FedGuy12:
-New video of @santiagoroel and @JasonYanowitz discussing the Singapore conference and current state of crypto:
-New macro Q&A with @LukeGromen:
-Parting encouragement from @Route2Fi:
Conclusion
Happy Sunday good degens! 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.