Happy Wednesday 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 @CryptoBubbles):
Gold: $2394.40
Oil (WTI): $84.86
US 10Y Treasury: 4.649%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Take note friends… we’ve been assisting Metis in raising awareness about everything going on in their ecosystem, and as a result we are helping highlight @TheHerculesDEX and their upcoming TORCH sale on April 18th!
As background, Hercules is a friendly fork of the groundbreaking Camelot Dex model and is generating much excitement…
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 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! You can also learn more about them via the thread in the quote-tweet below!
Biggest TVL Movers + Else
Chains are mixed today. Top 30 chains green on the weekly include Merlin (#12), Hyperliquid (#16) (now listed as a chain apparently), and Linea (#24).
Protocols are mixed today as well. Protocols with at least $50M TVL up at least 50% on the weekly include Connext, Hiveswap, SubseaProtocol, and Solv Protocol.
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 Token-Holders’ Revenue (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)
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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 @_kaitoai. Twitter bio states “The most powerful AI search platform in Web3, bringing you market intelligence in seconds. Backed by @dragonfly_xyz , @sequoia ; @ethereum grant recipient.” Followed by 166 of our mutuals. h/t @sandraaleow:
-Newish project called @naka_chain. Twitter bio states “Start trading today on the first Bitcoin Layer 2 blockchain for DeFi on Mainnet Powered by @BVMnetwork”. Followed by 23 of our mutuals. h/t @Beacon_Early:
-Something new called @bool_official. Twitter bio states “Permissionless, decentralized, secure #Bitcoin verification layer. | #DHC, Ring VRF, #MPC, #DA, Forced Withdraw | Enable all blockchains to serve as #BTCLayer2.” Followed by 14 of our mutuals. h/t @Beacon_Early:
-Something new called @appdefi. Twitter bio states “Your DeFi gateway. One click, endless possibilities.” Followed by 7 of our mutuals. h/t @AresLabs_xyz:
-New project called @pivotglobal_xyz. Twitter bio states “Coming Soon...” Followed by 5 of our mutuals. h/t @AresLabs_xyz and @JoyceInNYC:
-Something new called @Formachain. Twitter bio states “The sovereign network for onchain creations.” Followed by 7 of our mutuals. h/t @AresLabs_xyz:
-Something new called @ContagionBond. Twitter bio states “Contagion is a next-gen gaming organization and social guild exploring the intersection of technology and esports //”. Followed by 7 of our mutuals. h/t @AresLabs_xyz:
-New project listed as a ‘Farm’ on Blast called @volcano_big has been added to @DefiLlama. Twitter bio states “Volcano is a staking protocol with safe principal, where you can earn lucky bonuses/invitation rewards/blast point/blast gold”. Followed by 1 of our mutuals.
-New dex on Merlin called @Mage_Finance has been added to @DefiLlama. Twitter bio states “ The 1st Bitcoin Lending Infrastructure Built on @MerlinLayer2… Airdrop program is live...” Followed by 5 of our mutuals.
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama ($10M+ TVL, single-exposure, and no-IL only) 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)
-It appears $DRIFT will be the next big Solana airdrop, h/t @prz_chojecki:
-TVL of new EVM Bitcoin L2 Merlin continues to surge, h/t @Dynamo_Patrick:
-LBP platform @FjordFoundry’s own LBP is currently taking place and generating lots of attention, h/t @OmniscientAsian:
-Lots of ongoing discussion around Runes on Bitcoin, h/t @CoinDesk and @blknoiz06:
-New statements from Jerome Powell generating much attention in macro circles:
-More news/alfa from @0xSalazar:
-Bullish historical data + thoughts ahead of halving from @dunleavy89:
-New @CoinbaseWallet X Solana dex integration, h/t @DegenerateNews:
-Interesting thoughts on Bitcoin scaling/UX from @QwQiao:
-Continued fatalistic-bullishness from Joseph Wang @FedGuy12:
-Multiple good new airdrop guides from @info_insightful, on Hyperlane and Pontem, respectively:
-New interview with @CryptoHayes and @WClementeIII from @laurashin:
-Daily update on all things airdrop-related, c/o @KryptoCove:
-Good video of smallcap altcoin picks from @Jesseeckel:
-Parting wisdom c/o @RealDegenGMX, via @QuotableCrypto:
Conclusion
Happy Wednesday friends! Stay alert out there!
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.