Happy Saturday 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):
Total Crypto Market Cap: $3.17T
Gold: $2567.40
Oil (WTI): $67.02
US 10Y Treasury: 4.445%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Important article from the team at @silentdao_ as they continue to develop their revolutionary on-chain privacy architecture!
The article:
“...delves into alternative strategies for mitigating illicit activity within privacy-focused ecosystems and explores the intricate cryptographic mechanisms underpinning the Silent Compliance VM.”
This compliance variable is one of the most fascinating (and challenging) aspects of what Silent is attempting to build, so make sure to check out the article by clicking here now!
And once again, our editor @rektdiomedes is helping bang the drum about everything Silent has been building, so make sure to follow them on Twitter for more updates!
Biggest TVL Movers + Else
Chains are quite green today. Fastest-growing chains on the weekly with at least $1M TVL are AILayer, EOS EVM, and Kardia.
Protocols are also very green. Fastest-growing protocols on the weekly with at least $1M TVL are Unagiswap dex on Taiko, Kaidex dex on Kardia, uncategorized protocol Factor on Arbitrum, CDP protocol Magma Finance on IoTeX, and lending protocol TakoTako on Taiko.
Here’s The Top 12 Chains By TVL (from @DefiLlama):
Here’s The Top 12 Protocols By TVL (from @DefiLlama):
Here’s The Top 12 Entities By 24 Hour Revenue Generation (from @DefiLlama):
Bitcoin Fear/Greed Index:
(from @BitcoinFear)
Chart Of The Day
(Courtesy of our Official Sponsor @vertex_protocol)
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New Projects
(note: this includes new projects we find through combing Twitter each day, and we also include or re-include every newly launched protocol added by @DefiLlama that has at least some TVL or is followed by at least some of our mutuals - hence disclaimer: these are not pre-vetted by us so make sure to DYOR!)
-Something new called @useburner. No Twitter bio. Followed by 19 of our mutuals. h/t @AresLabs_xyz and @ProductHunt:
-Something called @sproutfi_xyz. Twitter bio states “Building the first _ _ _ _ _ _ _ _ _ that makes crypto _ _ _ _ _ _ _ _ _ easy for everyone.” Followed by 6 of our mutuals. h/t @AresLabs_xyz:
Security Alerts
-Security alert from @ThalaLabs:
Important News And Analysis
-Bitcoin search traffic spiking, h/t @TheDeFinvestor:
-Memecoins now account for 4% of the overall crypto market cap, h/t @DaanCrypto:
-Base memecoins popping off, h/t @NPC_68:
-$GOAT continues to generate excitement, h/t @alpha_pls:
-(Related) thoughts on various AI agent coins, from @CryptoRick98:
-A streamer lost 100k live after exposing his seed phrase (which was apparently written on a sticky note on his desk), h/t @0x_Lens:
-Good summary of recent narratives, h/t @thedefivillain:
-Lot of discussion the last couple days regarding the possibility and implications of ‘crypto index funds’, h/t @LeonidasNFT in response to @lopp:
-Thoughts on the current macro paradigm from @LukeGromen:
-AI agent mixtapes, h/t @alpha_pls and @jyu_eth:
-Wise investing/trading thoughts, from @Prateek0x_:
-New roundup video of everything going on in crypto + macro from @Blockworks_ featuring @qthomp and @fejau_inc:
-New @TaikiMaeda2 video on the “AI Memecoin Omegacycle”:
-New @noahseidman crypto/macro livestream from yesterday:
-New episode of @0xSteadyLads featuring guest @milesdeutscher:
-Parting wisdom from @wronguser000:
Conclusion
Have a great Saturday good degens 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.
