Happy Saturday friends! Another week in the books!
Let’s dive in!
Stats/alerts/etc at top and tweets/news/links/videos/etc at bottom!
[Note: As always all tweets are hyperlinked so just click on them to pull them up on Twitter!]
Market Update
Crypto (from @CryptoBubbles24):
Gold: $1,939.60
Oil (WTI): $85.55
Stocks (from:@News4Moves):
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Attention good degens… The team at @stellaxyz_ has extended their incentive program!
Stella is a new leverage yield farming protocol that has been cooking up some extremely high apr’s and profit %’s!
With Stella, you can earn yields lending on $ETH, $PENDLE, $JOE, $ARB, $RDNT, and $USDC.e… leverage up some of the top LP pairs on Arbitrum… and potentially earn boosted rewards via the incentive program!
We’re helping raise awareness about everything the team at Stella is up to, so make sure to follow them on Twitter, and check out their thread below if you are interested in the above!
Biggest TVL Movers + Else
Chains are mixed today. Chains with at least $10M TVL up at least 20% on the weekly include Base, Gnosis, and Starknet.
Protocols are mostly red today. Protocols with at least $10M TVL up at least 40% on the weekly include Binance Staked ETH, multichain CDP Overnight Finance, ETH Mainnet liquid-staking protocol Liquid Collective, multichain RWA protocol Tangible, and multichain lending protocol Silo Finance.
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 project called @basinexchange, apparently from the team at @BeanstalkFarms. Twitter bio states “A composable EVM-native decentralized exchange protocol.”
-New trading bot project called @GemsHunterBot. Twitter bio states “The next Generation of Telegram Bots | Define Your KPIs, Get Real-time Push Notifications, Find the Next Lowcap Gem! |”
-Something new called @trysuper_. Twitter bio states “Super is a next-gen integrated fiat & crypto billing platform, trusted by leading web3 teams globally”. h/t @thealphadigest:
-New dex called @gnoswaplabs. Twitter bio states “Gnoswap is the first Concentrated Liquidity AMM DEX built using #gnolang to offer the most simplified and user-friendly DeFi experience for traders.” h/t @thealphadigest:
-New project called @OMOSwapx. Twitter bio states “Cross-Chain Swap Protocol A Zero-Slippage Bridge with Limitless Liquidity.” h/t @thealphadigest:
-New Arbitrum protocol called @EquationDAO. Twitter bio states “A New Era in #Perpetual DEXs | 🔗 … Leveraged 🌊 Liquidity | Up to 2⃣0⃣0⃣x | ⚖️ Fair Launch”. h/t @thealphadigest:
-New perps protocol called @EclipseXFinance. Twitter bio states “EclipseX is a decentralized perpetual futures exchange and leverage aggregator. Start trading crypto with up to 25x leverage today!” h/t @thealphadigest:
-Another new dex- on @Scroll_ZKP- called @RollSwapFinance. Twitter bio states “Trade your ETH, BTC, USDT and more on @Scroll_ZKP .” h/t @thealphadigest:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (all types, $1M+ TVL) and @stable_fish - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Important News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-Announcement from @MakerDAO founder @RuneKek generated a lot of attention yesterday:
-Story out of China generated a lot of attention as well:
-Former SEC Chair Jay Clayton says eventual Spot Bitcoin ETF approval is "inevitable":
-$BTC dominance continuing to slowly trend upwards as bear market continues:
-Bond yields and oil prices both rising:
-Base continues to be a rare bright spot in TVL growth, with newly launched @aerodromefi now up to $197.7M:
-Interesting security thread from @punk6529:
-Telegram’s Ton blockchain getting increasing attention:
-Fed may finally be having some success in “cooling the labor market”:
-Interesting chart of total liquid-staking TVL and Lido market share c/o @ThorHartvigsen:
-New roundtable video from the crew at @0xSteadyLads, featuring special guest @CryptoCred:
-New roundup video from @theempirepod featuring @santiagoroel and @JasonYanowitz going over all the top stories in crypto:
-Good new crypto/macro livestream from @noahseidman:
-Wholesomeness c/o @coinfessions:
-Parting wisdom from @redphonecrypto c/o @QuotableCrypto:
Conclusion
Happy Saturday good degens! Don’t forget to touch some grass this weekend :)
And please RT/subscribe/etc if you found this valuable! :)
-
-
-
Note
As previously mentioned, we are proud to have @ChainEDGE_io as our new official sponsor!
ChainEDGE is the creation of our good friend @OnChainWizard, and is an absolutely gigabrained on-chain analytics + smart money tracker designed specifically for degens like our readers wanting the absolute best in real-time on-chain alfa!
Visit their site now to sign up and get started!
-
-
***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.