Happy Thursday good degens! Lots 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: $2356.70
Oil (WTI): $85.82
US 10Y Treasury: 4.554%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Greetings friends! Wanted to highlight something cool from our friends at @ReveloIntel!
Revelo Ventures is a syndicate investing in early stage private deals which is run by Nick Drakon & his team at Revelo Intel.
The syndicate has 100 members, and has closed 3 deals since launching in March, for a total of $583,000 invested.
They plan on doing 2-3 deals a month moving forward. Members are not required to do every deal and can pick & choose those that appeal to them.
After being closed since launch, today it opened its doors looking to expand from 100 to 200 participants.
Membership is be managed via a NFT and you can learn more about how it works as well as mint here - https://ventures.revelointel.com
Membership will close as soon as 200 NFTs are minted which will at some point this week. If you want to participate in these early-stage private rounds and can invest a minimum of $3,000 to $5,000 per deal, then you should consider participating in this lucrative asset class.
Biggest TVL Movers + Else
Chains are quite green today. Top 50 chains up at least 5% on the daily include Merlin (#17), TON (#34), and zkLink (#47).
Protocols are also quite green today. Protocols with at least $50M TVL up at least 20% on the daily include uncategorized Solana protocol Sanctum, ‘Cross-Chain’ protocol Butter Swap, and uncategorized multichain protocol SubseaProtocol.
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)
Ethereum Fear And Greed Index
(from @EthereumFear):
Chart Of The Day
(Courtesy of our Official Sponsor @vertex_protocol)
-Year-to-date $BTC chart below - to trade $BTC or 30+ other perps and spot markets visit app.vertexprotocol.com!
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 @SkypierIO. Twitter bio states “The future of Decentralized Hybrid Cloud / Privacy Stack.” Followed by 3 of our mutuals. h/t @AresLabs_xyz:
-Something new called @LYSProtocol. Twitter bio states “Simplifying your path into the Liquid Staking Economy. One-time gas, endless LRT exposure. Powered by @eigenlayer”. Followed by 1 of our mutuals. h/t @AresLabs_xyz:
-New project called @eidon_ai. Twitter bio states “Decentralised AI Data Availability & Restaking”. Followed by 3 of our mutuals. h/t @AresLabs-xyz:
-Previously-mentioned ETH Mainnet services protocol @zero1_labs has been added to @DefiLlama. Twitter bio states “Zero1 is a DeAI ecosystem creating a new economic primitive”. Followed by 113 of our mutuals.
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (all types, $1M+ TVL) and @stable_fish - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Security Alerts
-Daily Reminder: Twitter (and other social media) is being absolutely inundated with scams and links to fake versions of popular defi protocols - please make sure to be EXTREMELY hyper-vigilant and triple-check before interacting with anything!
-No security alerts today.
Important News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-Inflation data came in slightly hot yesterday, h/t @WuBlockchain:
-@WClementeIII and @DylanLeClair_ on the above:
-Joseph Wang @FedGuy12 on the above:
-SEC apparently going after Uniswap, in a developing story generating much outrage + discussion, h/t @danrobinson and @haydenzadams:
-@lemiscate on the above:
-A very messy public resignation from the founder of @marginfi is generating much attention:
-@marginfi rapidly losing TVL as a result:
-Related story re: @solendprotocol, h/t @MingoAirdrop:
-Potential @friendtech alfa c/o @j0hnwang re: an in-app dex (sounds kind of like pumpdotfun type of thing - click to read rest of screenshot):
-Binance spot listing for Bittensor/$TAO generating much attention, h/t @alpha_pls:
-Some TAO/PENDLE alfa c/o @markjeffrey and @overlyleveraged:
-Another very poor Treasury auction, h/t @zerohedge:
-New macro interview with @LynAldenContact and @LukeGromen from @MikeIppolito_ at @Blockworks_:
-New roundtable discussion from @0xResearch discussing recent Maker/Aave/Ethena contention:
-New crypto + macro livestream from @noahseidman:
-Daily airdrop updates from @KryptoCove:
-Parting wisdom c/o @ozfrox c/o @QuotableCrypto:
Conclusion
Happy Thursday and stay alert out there friends!
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.