Happy Wednesday friends! Tons of stuff going on!
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 @CryptoBubbles24):
Gold: $2366.60
Oil (WTI): $85.56
US 10Y Treasury: 4.364%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Greetings good degens!
A new project called @Chainzoomxyz is having its LBP on @FjordFoundry!
Here is the rundown on everything!
“Where do you find your best alpha? Apart from this very newsletter, of course. That’s right - on X (former Twitter.com). Wouldn’t it be convenient if you could capitalise on it, there and then? Without the hassle of hunting for official links and opening multiple tabs for analytics and trade execution. Well, now you can - all thanks to the gigabrains at Chainzoom.
Chainzoom lets you trade smart and trade fast, while utilizing actionable, real-time insights via their All-In-One Data Terminal. Quickly find the next 69x and seamlessly trade cross-chain, without ever having to leave Twitter. If you're eager to try out their product, you're likely interested in their revenue share model too - best enjoyed by $ZOOM holders.
Chainzoom, with over $15 million in weekly trading volume during the beta phase and partnerships with Jupiter, Kyberswap, Thruster, among others, is hosting their LBP on Fjord Foundry, where 10% of the $ZOOM supply will be made available to the public.
To secure your allocation, visit this page between April 10th (12 PM UTC) and April 13th (12 PM UTC).”
Again, the LBP is live until April 13th so make sure to check it out if interested!
Note: This Spotlight is part of our partnership with @TailoredWeb3 from our friend @JiraiyaReal!
Biggest TVL Movers + Else
Chains are mostly red today. Only top 50 chains green on all three timelines (daily, weekly, monthly) are Blast (#6), Mantle (#18), Merlin (#19), and Fantom (#34).
Protocols are also quite red. Only top 50 protocols green on all three timelines (daily, weekly, monthly) include Pendle (#7), Renzo (#12), Pancakeswap (#17), Ethena (#18), Zircuit Staking (#19), and Aerodrome (#39).
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 (from @DefiLlama):
Top Trending Tokens:
(from @dexscreener - 24 hour timeframe)
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 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 @BlonkFi. Twitter bio states “Reinventing money markets & pioneering new liquidity frontiers. Only Possible On Solana.” Followed by 16 of our mutuals. h/t @schizoxbt (click to read rest of thread):
-New project called @orangelayerxyz. Twitter bio states “Unlocking #BTC across all chains to Secure actively validated services.” Followed by 13 of our mutuals. h/t @AresLabs_xyz:
-New @berachain project called @oiioprotocol. Twitter bio states “Next gen liquidity market on @berachain LSDs and Dreams”. Followed by 8 of our mutuals. h/t @AresLabs_xyz:
-New project called @Corkprotocol. Twitter bio states “Stabilizing DeFi with Depeg Swaps”. Followed by 2 of our mutuals. h/t @AresLabs_xyz:
-New project called @seraphnet. Twitter bio states “Ideologically-Transparent Playground for Generative AI Apps Built on @zero1_labs”. Followed by 47 of our mutuals. h/t @AresLabs_xyz:
-Previously-mentioned Base derivatives protocol @bsx_labs has been added to @DefiLlama. Twitter bio states “The fastest limit order book perp DEX built on & backed by @Base. Live on open beta mainnet...” Followed by 34 of our mutuals.
-New ZetaChain cdp protocol @Zebra_zeta has been added to @DefiLlama. Twitter bio states “Transforming DeFi into a vibrant ecosystem, one stripe at a time #Zebra #LSD #ZETA Backed by @maindao_xyz”. Followed by 2 of our mutuals.
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)
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.
Important News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-Newest CPI (inflation) numbers come out today:
-EigenLayer announces mainnet launch, h/t @0xWenMoon:
-Fantom and Andre Cronje increasingly in the spotlight:
-Macro gigabrain @WarrenPies on US tax season as variable in markets right now:
-More and more attention on @pumpdotfun, h/t @rektmando:
-Security alfa c/o @thedefiedge:
-Long-running saga of $plsARB is apparently coming to an end (lots of background and strong feelings on this - check the quote-tweets and comments if interested in doing deeper dive into situation):
-@azuroprotocol and their upcoming prospective airdrop generating a lot of attention on the TL, h/t @Louround_ and @Moomsxxx:
-Bridge-related airdrops generating lots of attention as well, h/t @73lV_:
-More airdrop alfa from @0xWelfare’s daily farming diary:
-Interesting note on Hong Kong ETF’s from @LDNCryptoClub:
-Massive amount of airdrop news/claims/etc to take note of, highly recommend watching this short summary from @KryptoCove so you don’t miss anything:
-New Doomberg interview for our macro fans:
-Parting wisdom c/o @BowTiedNightOwl:
Conclusion
Happy Wednesday friends! Stay alert out there!
And please RT/subscribe/etc if you found this valuable!
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Note
If you are an on-chain tradoor or yield maximalist make sure to check out our Official Sponsor @vertex_protocol!
As lovers of all things perps dex related we have long been fans of Vertex, and are very pleased to have the chance to raise awareness about everything they offer!
To briefly summarize, Vertex is a cross-margin spot, perps, and money market protocol where users can trade, earn, and borrow all in one place…
They have a ton of cool stuff going on, most notably their new cross-chain unified liquidity architecture EDGE (@poweredbyvertex) - more info on it in the great thread from @ProfessorVertex below!
And make sure to visit their site now to get started trading and/or yield-maximizing!
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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.