Happy Wednesday friends! Some poor price action the last 24 hours but we keep grinding! 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: $2533.30
Oil (WTI): $74.42
US 10Y Treasury: 3.833%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
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Biggest TVL Movers + Else
Chains are quite red today. Biggest gainers on the weekly among chains with at least $50M TVL are Sei, Stacks, and Merlin.
Protocols are also quite red today. Biggest gainers on the weekly among protocols with at least $50M TVL are Kamino, EtherFi, Binance Staked ETH, JustStables, and Jito.
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):
Bitcoin Fear/Greed Index:
(from @BitcoinFear)
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!)
-Something new called @WeAreSocietyAI. Twitter bio states “Building the future of decentralized AI, powering the next generation of AI applications.” Followed by 7 of our mutuals. h/t @AresLabs_xyz:
-Something new called @getenclavemoney. Twitter bio states “Securely hold & spend USDC with a Mastercard debit card.” Followed by 3 of our mutuals. h/t @AresLabs_xyz and co-founder @sumermalhotra_:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama ($10M+ TVL, no-IL, and single-exposure 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)
-Spot Bitcoin ETF’s may soon overtake Satoshi as largest holders of $BTC, h/t @EricBalchunas:
-’Rebrand Meta’ in full swing as MakerDAO rebrands to ‘Sky’, h/t @CryptoKoryo:
-Vitalik continuing to generate discussion with his twitter-posting:
-Altcoins currently at ‘sell your house to buy more’ levels, h/t @VentureCoinist via @CryptoKoryo chart:
-Additional news c/o @0xSalazar:
-Additional news from @blocmatesnews:
-New airdrop campaign from @pear_protocol is generating much attention, h/t @hansolar21:
-List of stuff to potentially add to research list, h/t @alpha_pls:
-Important security reminder from @0xMughal:
-@fantasy_top once again appearing on the TL alot, h/t @punk4246:
-New article from @AndreCronjeTech generating attention:
-Trading/investing wisdom from @0x_Kun:
-New interview on crypto (and specifically stablecoins) with former House Speaker Paul Ryan, from @BanklessHQ:
-New interview with interesting tradfi/macro thinker Chris MacIntosh @capitalistexp:
-New video from @Jesseeckel on avoiding hacks/etc and general security in crypto:
-Parting wisdom from @blknoiz06:
Conclusion
Happy Wednesday friends! Stay hypervigilant 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.
