Happy Sunday good frogs! Tradfi markets closed but crypto never sleeps!
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):
Total Crypto Market Cap: $2.29T
Gold: $2674.20
Oil (WTI): $75.56
US 10Y Treasury: 4.096%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Very cool new interview with @vertex_protocol co-founder @DariusTabai from the Exit Liquidity podcast!
The interview is conducted by @exliquidity co-hosts @cedosalah and @cryptoaioli, and is extremely well-worth watching!
It goes into all sorts of info regarding Darius’s background, Vertex lore + alfa, and a ton of gigabrain discussion regarding the overall defi/perps/crypto landscape!
And- as always- Vertex currently offers over 50 different perps and spot markets with an experience just as smooth as any centralized exchange, utilizing a state of the art cross-chain liquidity infrastructure via their Edge system @EdgeLayer, so make sure to visit the Vertex site at app.vertexprotocol.com, and follow them on Twitter for more updates!
Biggest TVL Movers + Else
Chains are mixed today. Top 25 chains up at least 15% on the weekly include Bitcoin (#8), Scroll (#11), Aptos (#13), and CORE (#17).
Protocols are mixed today as well. Top 50 protocols up at least 15% on the weekly include Raydium (#22), and SOLV Protocol (#37).
Here’s The Top 12 Fastest-Growing Chains By TVL On The Weekly With At Least $1M TVL (from @DefiLlama):
Here’s The Top 12 Fastest-Growing Protocols By TVL On The Weekly With At Least $1M TVL (from @DefiLlama):
Here’s The Top 12 Entities By 24 Hour Revenue Generation (from @DefiLlama):
Here’s The Top 12 Chains By 7 Day Stablecoin Inflow % (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!)
-New project: @pumparkcom. Twitter bio states “Onchain app for people of the internet. Power your attention with the onchain dimension. Coming soon.” Followed by 1 of our mutuals.
-New project: @seer_pm. Twitter bio states “Next generation prediction marketplace.” Followed by 6 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 $20M+ TVL only) - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Security Alerts
-No security alerts today.
Important News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-Much discussion regarding memecoins and what their trajectory will look like this cycle, good screenshot/curation from @DeFiMann below:
-Interesting related stat- from @DaanCrypto- that the overall memecoin, AI, and defi sectors are each still smaller than DOGE’s peak market cap from last cycle:
-Base has flipped Arbitrum in TVL to become the largest ETH L2, h/t @defi_octopus:
-$SUI currently dominating the ‘L1 Rotation Trade’, h/t @DegenerateNews:
-Crypto watchlist for the week ahead, h/t @TheDeFinvestor:
-Token unlocks alfa for the week, h/t @TailoredWeb3:
-Latest real-time inflation data from @truflation:
-AI/memecoin curiosity @truth_terminal/$GOAT is generating a lot of attention on the TL, example c/o @0xjaypeg below:
-Potential airdrop alfa c/o @NPC_68:
-Interesting thoughts on seed round investing from @Fiskantes:
-Some potentially interesting projects to research and/or rabbit holes to dive down, h/t @0xBreadguy:
-Weekly macro overview c/o Joseph Wang @FedGuy12:
-New discussion on the Uniswap/Unichain stuff from @MikeIppolito_ and @im_manderson via @thebellcurvepod:
-Parting wisdom from @TyrogueD:
Conclusion
Have a great Sunday friends and stay hypervigilant out there!
And please RT/subscribe/etc if you found this valuable!
-
-
Note
Important new article from the team at @silentdao_ as they continue to develop their revolutionary on-chain privacy architecture!
The new 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!
-
-
***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.