Happy Tuesday friends! The macro seems to be getting crazy again…
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 @CryptoBubbles24):
Gold: $1,915.20
Oil (WTI): $89.75
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 green today. Top 30 chains up at least 20% on the monthly include Tron (#2), Base (#8), Pulse Chain (#16), and Gnosis (#24).
Protocols are mostly green today as well. Top 100 protocols up at least 50% on the monthly include stUSDT (#11), Binance Staked ETH (#16), WemixFi (#46), Aerodrome (#63), and Tangible (#93).
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 L2(?) called @nimbora_io. Twitter bio states “Nimbora is your gateway to the #DeFi revolution. Interact with your favorite #L1 protocols, at a fraction of the cost of #L2!” h/t @AresLabs_xyz:
-Something new called @ZephyrExchange. Twitter bio states “The first non-custodial onramp to decentralize the gates of crypto”. h/t @AresLabs_xyz:
-Something new called @chain_chat_app. Twitter bio states “Bring the chat onchain. By @zapper_fi”. h/t @AresLabs_xyz:
-Our friends at @Radpiexyz_io (seen in yesterday’s Spotlight section!) have been added to @DefiLlama. Twitter bio states “Radpie is a Next-Generation SubDAO by @magpiexyz_io that leverages @RDNTCapital 's robust infrastructure.”
-New dex on Op_Bnb and BSC called @allinxswap has been added to @DefiLlama. Twitter bio states “AllInXSwap - Low Gas Fees, High Liquidity & Secure Transactions on #opBNB”.
-Previously-mentioned ETH Mainnet yield protocol @Stake_Stone has been added to @DefiLlama. Twitter bio states “The best Cross-Chain Compatilibity LST, STONE, with scalable yield optimizing service! High-scalability丨Max Cap efficiency丨Decentralized and Hassle Free 🪨”.
Security Alerts
-There was apparently some kind of exploit re: @HTX_Global, but the funds may have now been returned(?):
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama ($5M+ 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)
-Macro situation heating up again as bond yields spike to multi-decade high’s while the dollar and oil keep rising:
-Related new article from @FedGuy12:
-Related perspective on the US debt from @JeffKirdeikis:
-Michael Saylor announced a new round of $BTC buys:
-Bitcoin spot trading volume apparently at 6 year lows, h/t @cryptoquant_com:
-Infamous crypto influencer BitBoy Crypto was apparently arrested while livestreaming last night:
-Deepfakes starting to be used on social media to promote tokens/scams/etc:
-Great chart from @pythianism of how quickly Ethereum has reached $10B revenue relative to famous Web2 giants:
-Interesting macro stat c/o @DiMartinoBooth:
-Dex TVL declining while Lending TVL growing, h/t @DefiLlama:
-Macro sentiments c/o @dunleavy89:
-Interesting thread from @fluorescent_eth on MetaMask snaps:
-New video from @coinbureau going over all the top stories in crypto:
-Great long-form tweet and illustration from @puntium (click to view rest of tweet):
-Interesting new livestream from @RealVision with @AndreasSteno on the macro situation specifically vis a vis energy:
-Encouraging sentiments from @cdwk0:
-Parting wisdom from @cheguevoblin:
Conclusion
Happy Tuesday friends! Stay alert out there!
And please RT/subscribe/etc if you found this valuable! :)
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Note
Important update from our friends at @StructFinance…. who are now live on mobile!
As background, Struct is a very cool new protocol that provides on-chain degens structured finance products to maximize their risk-adjusted yields….
Currently on Avalanche, they offer tranche-based yield bearing assets built on integrations with OG protocols like GMX, Trader Joe, and more!
We’ve been helping bang the drum about everything they’ve been building, so make sure to follow the Struct Twitter account for more updates, visit their site to check out the available yield products, and check out their above-referenced announcement below!
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***Note On Material: The ‘Spotlight’ section 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.