Happy Thursday 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: $2543.10
Oil (WTI): $69.86
US 10Y Treasury: 3.729%
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 that will facilitate composable privacy solutions within the EVM itself...
To quote their most recent article:
“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 check out the below article, and follow Silent on Twitter for more updates!
Biggest TVL Movers + Else
Chains are mostly green today. Top 50 chains up at least 25% on the monthly include Sui (#12), Aptos (#17), Core (#22), and Sei (#37).
Protocols are mostly green today as well. Top 50 protocols up at least 25% on the monthly include Binance Staked ETH (#9), Symbiotic (#20), and SUN (#32.
Here’s The Top 12 Top-Performing Chains By TVL On The Weekly With At Least $1M TVL (from @DefiLlama):
Here’s The Top 12 Top-Performing Protocols By TVL On The Weekly With At Least $1M TVL (from @DefiLlama):
Here’s The Top 12 Entities By 24 Hour Revenue (from @DefiLlama):
Bitcoin Fear/Greed Index:
(from @BitcoinFear)
Chart Of The Day
(Courtesy of our Official Sponsor @vertex_protocol)
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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!)
-New project called @paladin_solana. Twitter bio states “An open source protocol to capture MEV”. Followed by 5 of our mutuals.
-Something new called @stxn_io. Twitter bio states “Building Verifiable Time Machines on Ethereum.” Followed by 2 of our mutuals. h/t @AresLabs_xyz:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (single-exposure, no-IL, and $10M+ 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)
-50 bps interest rate cut from the Fed looking more and more possible:
-New labor data came in a bit cold:
-Some interesting info on 2nd EigenLayer airdrop, h/t @DefiIgnas:
-Yield curve un-inverting, h/t @NickTimiraos:
-Base stablecoin supply hits new all-time high, h/t @michaelhage14:
-Update on @ethena_labs $USDe, h/t @NPC_68:
-Additional headlines from @0xSalazar:
-Defi headlines from @TheDeFinvestor:
-Latest real-time inflation data from @truflation:
-Interesting thread on the new Trump project @worldlibertyfi from @CurveCap, sample below:
-Investing wisdom c/o @santiagoroel:
-New @BanklessHQ interview with @MaxResnick1 on “Is the Ethereum Roadmap Off Track?”:
-New @TaikiMaeda2 video on the bull case for $AAVE:
-Newest episode of NFA Live:
-Parting wisdom via @bitcoinpanda69:
Conclusion
Happy Thursday friends and 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.