Happy Tuesday friends let’s get after it!
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: $2382.90
Oil (WTI): $85.49
US 10Y Treasury: 4.634%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Take note good degens… we’re helping Metis raise awareness about everything going on in their ecosystem, and in that vein wanted to highlight @TheHerculesDEX and their upcoming TORCH sale on April 18th!
Hercules is a friendly fork of the groundbreaking Camelot Dex model and is generating intense excitement amongst Metis devotees and dex appreciatoors!
Within less than 30 days, Hercules has already achieved:
-Deepest liquidity on Metis with $11.5M+ of TVL…
-$8k+ in fees collected daily…
-Became the premium DEX for TOP 20 Projects on Metis…
Check out Hercules DEX by clicking here and make sure to follow them on Twitter at @TheHerculesDEX and Metis at @MetisL2 to stay updated on the coming TORCH sale!
Biggest TVL Movers + Else
Chains are quite red today. Only top 30 chains green on all three timelines are Avalanche (#6) (though this might be a data error as it says they’re up by 49% today), Merlin (#12), and Pulse Chain (#13).
Protocols are also extremely red today. Only top 100 protocols green on all three timelines are Trader Joe (#33), Sushi (#49), PulseX (#52), Solv Protocol (#54), Gearbox (#60), and SubseaProtocol (#94).
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):
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/newish project called @bitfinitynet. Twitter bio states “Bitfinity is a blazingly-fast, next-gen EVM for Bitcoin, backed by Polychain Capital and ParaFi Capital.” Followed by 45 of our mutuals. h/t @Beacon_Early:
-New/newish project called @BiopDAO. Twitter bio states “#Biop is the 1st #BitcoinL2 Blockchain based on Optimistic Rollup Protocol”. Followed by 14 of our mutuals. h/t @Beacon_Early:
-Something new called @runes_terminal. Twitter bio states “Terminal 1 is where the Apes were born. @runespad”. Followed by 72 of our mutuals. h/t @god_crypt:
-New project called @lfg. Twitter bio states “Runes ▣ DEX built on #bitcoin. 🔮 Mystic Runes by @LFG , now available as a pre-runes inscription collection.” Followed by 23 of our mutuals. h/t @god_crypt:
-Something new called @RunesBridge. Twitter bio states “Bring Liquidity to #Runes”. Followed by 8 of our mutuals. h/t @god_crypt:
-New project called @RUNES_DEX. Twitter bio states “First AMM on Runes | Meme Casino | Launching 420”. Followed by 10 of our mutuals. h/t @god_crypt:
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!
-Possible security alert(?) from @peckshield:
Important News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-@Parcl airdrop takes place today, h/t @NickDrakon:
-Hyperliquid’s $PURR airdrop is now live (again this is sort of a meme coin ‘test’ airdrop ahead of their main one, much like what Jupiter did), h/t @KingJulianIAm:
-Alts continue to see brutal price action, h/t @VentureCoinist:
-US bond yields climbing again:
-More headlines c/o @0xSalazar:
-Interesting macro thoughts from @FedGuy12 Joseph Wang, re: market underestimating chance of rate cuts for the year, c/o @JackFarley96:
-Thoughts from @Fiskantes on AI/crypto:
-BAYC floor price now down 90% from ATH, h/t @TheBlock_:
-Latest real-time inflation data from @truflation:
-Interesting long-form schizo tweet from @goodalexander (click to read full tweet below):
-Potential airdrop alfa c/o @phtevenstrong:
-New interview with famous permabull @RaoulGMI from @BanklessHQ:
-New crypto/macro livestream from @noahseidman:
-Latest update on all things airdrop-related from @KryptoCove:
-Parting wisdom c/o @cburniske:
Conclusion
Have a great Tuesday and stay alert out there friends!
And please RT/subscribe/etc if you found this valuable!
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Note
Note: Users of @vertex_protocol are getting dropped Blitz Points from @tradeonblitz!
An allocation of Blitz’s Initial Points are being awarded to loyal Vertex users, including Vertex traders, $VRTX stakers, and LBA participants!
Once again, Vertex is a cross-margin spot, perps, and money market protocol where users can trade, earn, and borrow all in one place, and is the Official Sponsor of The Daily Degen!
Vertex and Blitz just hit a combined 24 hour volume of over $1B between them and continue to attract the savviest on-chain traders, so make sure to visit the Vertex site now to get started trading and/or yield-maximizing, and visit the Blitz site to claim your points if you qualify (more info below)!
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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.