Happy Saturday good degens!
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 @CryptoBubbles):
Gold: $2188.20
Oil (WTI): $80.63
US 10Y Treasury: 4.202%
Stocks ($SPY as proxy): -0.19%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Attention flywheel-enjoyoors and @mavprotocol fans! Our friends at @Spiral_DAO have an important update, as they are deploying sprMAV on zkSync Era!
This includes:
-Initiating the deployment of sprMAV on zkSync Era…
-Launching the single-staking mechanism for sprMAV…
-Providing initial liquidity for the sprMAV-MAV pool on Maverick with a dedicated $50,000 investment...
-Adapting existing Ethereum-based gauge systems for seamless liquidity pool rewards on zkSync Era… and…
-Introducing liquidity and staking incentives soon!
We have been helping bang the drum for what the @Spiral_DAO team is up to, so make to follow them on Twitter for continued updates, and read more about their sprMAV zkSync deployment below!
Biggest TVL Movers + Else
Chains are pretty flat today. Biggest gainers on the weekly among chains with at least $1M TVL are Bittorrent, Merlin, and Filecoin.
Protocols are mostly red today. Biggest gainers on the weekly among protocols with at least $1M TVL are Shibarium dex WoofSwap, Ethereum/Arbitrum leveraged farming protocol AirPuff, and Mantle lending protocol MethLab.
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 Entities By 24 Hour Fee Generation (from @DefiLlama):
Top Trending Tokens (24 hour timeframe - from @dexscreener):
Bitcoin Fear/Greed Index:
(from @BitcoinFear)
Ethereum Fear And Greed Index
(from @EthereumFear):
New Projects
(note: this includes new projects 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 @TensorplexLabs. Twitter bio states “Empowering humanity with decentralized intelligence — one epoch at a time…” Followed by 92 of our mutuals. h/t @0xjaypeg:
-Something new called @ceti_ai. Twitter bio states “Accelerating the advancement of decentralized artificial intelligence through energy-driven infrastructure.” Followed by 13 of our mutuals. h/t @AresLabs_xyz:
-New dex on Core called @glyph_exchange has been added to @DefiLlama. Twitter bio states “▪️ The 1st Inscription AMM ▪️ $BTC Powered ▪️ Composable DeFi Experience”. Followed by 1 of our mutuals.
-New liquidity manager on MAP Protocol called @hiveswap_io has been added to @DefiLlama. Twitter bio states “Hiveswap is the No.1 swap in the Bitcoin ecosystem, providing liquidity services for assets in the Bitcoin ecosystem.” Followed by 1 of our mutuals.
Security Alerts
-Daily Reminder: Twitter (and other social media) is being absolutely inundated with scams and links to fake versions of popular defi protocols - please make sure to be EXTREMELY hyper-vigilant and triple-check before interacting with anything!
-No security alerts today.
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (all types, $10M+ 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)
-GBTC outflows continuing to dominate price action discussions, h/t @krugermacro:
-Following story out of Europe is getting a lot of attention this morning:
-Next Bitcoin halving less than a month away, h/t great thread of interesting data c/o @tomwanhh:
-Additional headlines c/o @0xSalazar:
-@friendtech continuing to generate attention ahead of its upcoming presumed airdrop, h/t @fejau_inc:
-Lot of discussion around Fantom, its Sonic upgrade, Andre Cronje and more the last few days, good thread h/t @eli5_defi below:
-Internal migration continues to be a major topic of discussion within the US:
-Upcoming airdrop for Fantom OG’s to be aware of, h/t @juanaxyz00:
-Another airdrop to be aware of, especially for several NFT communities (see below), h/t @WenLlama:
-Another airdrop to be aware of, h/t @MingoAirdrop:
-And another five airdrops you also may have qualified for, h/t @CC2Ventures (click to expand tweet but is Hydro, Venom, BNB, NIM, and Pike):
-Latest inflation update from @truflation:
-New weekly roll-up from @BanklessHQ going over several dozen of the top stories in crypto right now:
-New episode of @0xSteadyLads featuring @rleshner:
-Parting wisdom c/o @thedefiedge:
Conclusion
Happy Saturday friends! Don’t forget to touch some grass this weekend!
And please RT/subscribe/etc if you found this valuable!
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***Note On Material: The ‘Spotlight’ section (and ‘Note’ sections and info on our Official Monthly Sponsor if applicable) 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.
