Happy Friday good frogs! Let’s dive in!
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: $2594.20
Oil (WTI): $69.76
US 10Y Treasury: 3.651%
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 quite green today. Only top 50 chains red on all three timelines (daily, weekly, monthly) are Mixin (#37), and zkSync Era (#45).
Protocols are also quite green today. Only top 100 protocols down at least 5% on the weekly are Swell (#21), Reserve Protocol (#90), and Solv Protocol (#98).
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)
-Much debate about $ETH lately good anons! Do you possess a particularly bullish or bearish disposition? 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!)
-New project called @VibeLaunch. No Twitter bio. Followed by 4 of our mutuals. h/t @twindoges:
-Something new called @xCounterfactual. Twitter bio states “built by @LEVXeth | Counterfactual Inc.” Followed by 4 of our mutuals. h/t @twindoges:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (single-exposure, no-IL, $1M+ 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)
-Trumps are apparently launching their crypto protocol, @WorldLibertyFi:
-2024 surreal timeline continues, h/t @MikeIppolito_:
-US interest expense on national debt exceeding $1 this year for the first time ever, h/t @defi_naly:
-Reminder to claim your $ZRO if you haven’t done so, h/t @tomkysar:
-European Central Bank cuts interest rates by 25 bps:
-Interesting MakerDAO update, h/t @WuBlockchain:
-Following chart is getting lots of attention in macro circles:
-Additional headlines c/o @blocmatesnews:
-Bullish observation from @Tradermayne:
-Vitalik tweets continuing to generate attention:
-Bullish thoughts on AI from @Rewkang:
-New video on stablecoins from @Blockworks_ interviewing @CampbellJAustin:
-Discussion between @santiagoroel and @LoganJastremski:
-New video on Uniswap/$UNI from @TaikiMaeda2:
-New market overview from @ctoLarsson:
-Parting wisdom c/o @cburniske_:
Conclusion
Happy Friday 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.
