Happy Friday fellow degens! Last day of the month :) Been quite an interesting one!
Stats/alerts/etc at top and news/events/links at bottom as always!
Market Update
Crypto:
Gold: $1,667.80
Oil (WTI): $81.52
Stocks:
Biggest Price Movers
(From @coingecko top 500)
Up:
-BoringDAO [OLD] $BOR +83.8%
-Automata $ATA +32.4%
-Beta Finance $BETA +21.0%
Down:
-Kaspa $KAS -25.3%
-Ethernity Chain $ERN -17.6%
-Poollotto.finance $PLT -11.6%
Spotlight
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Biggest TVL Movers
Chains are mostly green today. Top gainers among top 30 chains on the weekly are Optimism (#8) at +5.45% and Celo (#23) at +3.42%. Biggest losers are DeFiChain (#11) at -7.42% and Osmosis (#18) at -9.58%.
Protocols are also green today. Biggest gainers on the weekly among top 100 protocols are Compound (#9) at +23.71% and Stader (#60) at +55.10%. Biggest losers are Sablier Finance (#36) at -62.29% (though it should be noted its green on the monthly at +174%) and MM Finance (#99) at -16.49%.
Here’s The Top 12 Fastest-Growing Chains By TVL On The Weekly (from @defillama):
Here’s The Top 12 Fastest-Growing Protocols By TVL On The Weekly (from @defillama - note: this one allows for a TVL filter, so only includes protocols with at least $1M TVL):
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!)
-Another protocol building on Aptos, called @UmiProtocol. Twitter bio states “Smart AMM on #Aptos with an automated concentrated liquidity algorithm and swap aggregation engine.”
-New protocol called @paxofinance. Twitter bio states “PAXO is a decentralized protocol that opens up under collateralized borrowing and lending options in the DeFi space.”
-New protocol called @ZodiacProtocol. Twitter bio states “Deconstruct LP tokens to obtain discounted liquidity, leverage exposure, and stack yield.”
-Something called @MESprotocol working towards launch. Twitter bio states “Orderbook-based DEX powered by zkRollup. Bringing the CEX trading experience on a DEX.”
Rug Pull/Exploit/De-Pegging/Security Alerts
-@certiKAlert released alerts on Discord hacks relating to @ApeLiquidio and @DeezNutzNFT.
-@PeckShieldAlert released a flash-crash alert on $SBB.
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @defillama ($1M+ TVL and no-IL and single-exposure filters) 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)
-Energy crisis/inflation news from Europe:
-Uniswap news:
-Rabby Wallet @Rabby_io is introducing a cool new “gas top up” feature:
-Convex alfa from @BarryFried1:
-More instability in currency markets:
-Potential production cut from OPEC (in attempt to keep oil prices higher, etc):
-The Chainlink stuff from SmartCon continues to generate intensive discussion on Twitter. For those who missed it here is a great synopsis from @ReveloIntel:
-More economic markers:
-Frax/Curve/etc alfa from @DeFiDave22:
-Interesting Google search data:
-Nexo analysis from @lookonchain:
-Spain introducing new “temporary wealth tax”:
-Interesting comments from famous tradfi investor Stan Druckenmiller:
Conclusion
Have a great Friday friends!
Please RT/follow/etc if you found this helpful! :)
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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!):