Happy Thursday good degens! Lots of stuff going on!
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: $2398.10
Oil (WTI): $82.22
US 10Y Treasury: 4.581%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Attention all yield maximalists… @vertex_protocol just made their most recent rewards distribution of $USDC to $VRTX-stakers!
Staking Rewards Calculation (Prev. 7 Days) 🧮
Total Fees: 516,613 USDC
Maker Rebates: 142,387 USDC
Gas Cost: 23,870 USDC
Net Revenue: 350,355
USDC Staking Distribution: 175,177 USDC
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!
Make sure to follow them on Twitter for more updates and visit their site now to get started trading and/or yield-maximizing!
Biggest TVL Movers + Else
Chains are mostly red today. Only top 50 chains green on all three timelines (daily, weekly, monthly) are Merlin (#12), Hyperliquid (#16), and zkLink (#44).
Protocols are mostly red today. Top 50 protocols green on all three timelines (daily, weekly, monthly) include Uniswap (#5), Pancakeswap (#15), Ethena (#16), and Solv Protocol (#49).
Here’s The Top 12 Chains By TVL Growth On The Weekly With At Least $1M TVL (from @DefiLlama):
Here’s The Top 12 Protocols By TVL Growth On The Weekly With At Least $1M 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):
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 @hero_glyphs. Twitter bio states “Coming soon™ For more details find us on Lens and Farcaster”. Followed by 80 of our mutuals. h/t @gmcapital_:
-Something new called @Photon_L2. Twitter bio states “The Modular L2 for #Bitcoin. Scaling the Bitcoin economy with @CelestiaOrg DA & @SatoshiSync . Incentivized Testnet…” Followed by 27 of our mutuals. h/t @Beacon_Early:
-Something new called @MacrocosmosAI. Twitter bio states “The First PoT (Proof of Transaction) Bitcoin Layer2. #Bitcoin #DePINs”. Followed by 4 of our mutuals. h/t @AresLabs_xyz and @WSquires:
-New project called @Dbunker_Network. Twitter bio states “RWAs & LSTs solution for DePIN...” Followed by 6 of our mutuals. h/t @AresLabs_xyz:
-New SocialFi project on Blast called @plurxyz has been added to @DefiLlama. Twitter bio states “Back Creators with No Loss 🕊 Create pools to earn native yield from the ETH staked by your followers Gain extra PLUR and Blast points ✨”. Followed by 5 of our mutuals.
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama ($1M+ 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)
-Poor price action (especially in alts) is main topic on the TL, h/t interesting poll from @0xENAS:
-Important macro note from @donnelly_brent:
-Amount of tokenized treasures (government bonds) on-chain has 10x’d in last 15 months, h/t @Dynamo_Patrick:
-Important macro note from @WarrenPies:
-@JupiterExchange’s new LST $jupSOL generating attention + TVL, h/t @tomwanhh:
-@base continuing to outperform on TVL + liquidity growth, h/t @Flowslikeosmo:
-Bitcoin infra continues to grow, h/t @TheBlock__:
-Above-mentioned new project @hero_glyphs from famous defi builder @0xMaki is generating much attention, h/t @0xfoobar:
-Airdrop alfa c/o @OxTochi:
-Market thoughts from @defi_gaz:
-Deep dive thread on @ethena_labs from @jake_pahor:
-New @BanklessHQ interview with Runes creator Casey Rodarmor @rodarmor:
-New video from @phtevenstrong on the Mode airdrop:
-New @TaikiMaeda2 interview with @zhusu:
-Daily update on all things airdrop-related from @KryptoCove:
-Parting wisdom from @DreadBong0:
Conclusion
Have a great Thursday friends and 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.