Happy Monday good degens! The excitement continues!
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: $2.77T
Gold: $3225.20
Oil (WTI): $61.42
US 10Y Treasury: 4.405%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
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Biggest TVL Movers + Other Interesting Data
Chains are mixed today. Chains with at least $200M TVL up at least 10% on the weekly include Hyperliquid L1, and Avalanche.
Protocols are also mixed today. Protocols with at least $200M TVL up at least 50% on the weekly include Avalon Labs, ‘BounceBit CeDeFi Yield’, and Sanctum.
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 Entities By 24 Hour Revenue Generation (from @DefiLlama):
Current Alt-Season Index:
(from blockchaincenter(dot)net)
Bitcoin Fear/Greed Index:
(from @BitcoinFear)
New Projects
(note: this includes new projects we find through combing Twitter each day and going through newly launched protocols added by @DefiLlama, limited primarily to new projects that have at least some TVL or are followed by at least some of our mutuals… Disclaimer: these are not pre-vetted by us so make sure to DYOR!)
-New/newish project called @octane_security. Twitter bio states “Find critical bugs in your code on every PR. One-click install. Save time and money on security..” Followed by 10 of our mutuals. h/t @immutablejacob and @Forbes:
-Newish project we haven’t highlighted before called @@yeet. Twitter bio states “Crypto’s Casino, 18+”. Followed by 63 of our mutuals.
-Something new called @bariffs. Twitter bio states “Onchain wars— powered by @berachain”. Followed by 9 of our mutuals. h/t @AresLabs_xyz:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (single-exposure, no-IL, $25M+ TVL only) - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Important News And Analysis
-Top 25 token $OM/Mantra crashed 90% yesterday, h/t @blocmatesnews:
-Some fascinating additional info on the Mantra crash is that 1) @WuBlockchain originally warned about it way back in 2021, 2) it went up 25x since then despite the knowledge being public, and 3) even after its 90% crash yesterday it has still outperformed many other notable tokens over the last year, including $ETH, h/t @0xGeeGee:
-Several accounts publicly expressed criticism/skepticism about ONDO in the wake of the OM/Mantra collapse yesterday, example h/t @qthomp:
-Gold continues to skyrocket and a new Goldman report suggests it could trade as high as $4500 by year-end, h/t @zerohedge:
-New story about Nvidia manufacturing in US is getting a lot of attention today, h/t @KobeissiLetter:
-HyperEVM trenches continue to generate excitement, h/t @reisnertobias and @KOR_JEJE:
-$HYPE itself continues to be one of the most talked about tokens in crypto, h/t debate-catalyzing example from @thedefivillain below:
-Are we seeing the first signs of another Solana memecoin season? h/t @2lambro:
-Airdrop heads-up from @Picolas_Caged that many Kaito-$PROMPT-claimees are receiving $200 refunds from TokenTable even if they didn’t lose their $PROMPT-claim to the MEV bots (the refund is for missing price action while claims were frozen):
-Seeing quite a bit of Initia chatter on the TL too the last few days, h/t @apixtwts:
-Very important security reminder from @0xBreadguy and @patfscott (formerly @Dynamo_Patrick) that if you change your Twitter/X username and don’t immediately claim your old one, scammers can grab it instead and take advantage of it to a rather extreme degree:
-New video from @DaanCrypto of TA and general market analysis (aired three hours ago):
-New interview with Rob Hadick, General Partner at Dragonfly, on the “$200 Trillion Stablecoin Opportunity”, from @BanklessHQ:
-New livestream from the @coinbureau channel (just aired an hour ago):
-New episode of @0xResearch with the founder of Plasma and @SplitCapital, on the Plasma blockchain:
-New macro interview with Louis-Vincent Gave:
-“There’s never been a better time in the history of civilization to FAFO” - @redphonecrypto:
Conclusion
Happy Monday friends and stay alert out there!
And please RT/subscribe/etc if you found this valuable!
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Note
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Want to learn more?
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And stay tuned as we keep shining a light on everything Cod3x is doing!
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***Note On Material: The ‘Spotlight’ and ‘Note’ sections and info on our Official 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