Happy Tuesday friends! Some positive price action we’re seeing!
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: $2315.10
Oil (WTI): $81.50
US 10Y Treasury: 4.635%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Vertex TVL keeps growing!
As seen in the following Flipside graph, @vertex_protocol continues its upward trajectory for total value locked!
Once again, Vertex is a gigabrained orderbook dex with cross-margin perps + spot + lending functionality… and is the Official Sponsor of The Daily Degen!
If you are looking to max out you’re trading, you can utilize 30+ perps & spot markets at http://app.vertexprotocol.com, or engage in some yield maximization via LP’ing or staking $VRTX!
Also make sure to follow their official account on Twitter for more updates!
Biggest TVL Movers + Else
Chains are mixed today. Fastest-growing chains on the weekly with at least $1M TVL are Kardia, Fantom, and Filecoin.
Protocols are also mixed today. Fastest-growing protocols on the weekly with at least $1M TVL are Linea dex Dap Dap, Kardia dex Kaidex, multichain yield protocol Growth DeFi, multichain derivatives protocol JOJO, and ETH Mainnet ‘Indexes’ protocol Indexed Finance.
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):
Top Trending Tokens (from @dexscreener - 24 hour timeframe:
Bitcoin Fear/Greed Index:
(from @BitcoinFear)
Ethereum Fear And Greed Index
(from @EthereumFear):
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama ($1M+ TVL, single-exposure, no-IL only) and @stable_fish - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
New Projects
(note: this includes new projects we find through combing Twitter each day, and we also include or re-include every newly launched protocol added by @DefiLlama that has at least some TVL or is followed by at least some of our mutuals - hence disclaimer: these are not pre-vetted by us so make sure to DYOR!)
-New project called @DestraNetwork. Twitter bio states “$DSYNC the first on-chain one-stop solution for all your DePin, Cloud and AI computing needs.” Followed by 21 of our mutuals. h/t @eli5_defi:
-Something new called @DeMR_official. Twitter bio states “DeMR is a decentralized MR infrastructure network (MR-DePIN) built on the Solana Chain, leading global users into the MR world.” Followed by 3 of our mutuals. h/t @eli5_defi:
-Previously-mentioned Manta dex @FireFlydexZK has been added to @DefiLlama. Twitter bio states “Designed to be the premier Modular DEX. Don't fade our Jupiter-sized airdrop- largest ever on Manta Pacific”. Followed by 22 of our mutuals.
-Previously-mentioned ‘Decentralized Stablecoin’ protocol on Base called @0xflatmoney has been added to @DefiLlama. Twitter bio states “New money with Flatcoin — 100% capital efficient, amplified purchasing power, backed by staked $rETH.” Followed by 29 of our mutuals.
-New dex called @StationDEX_ on a chain called X Layer has been added to @DefiLlama. Twitter bio states “The Safest #DEX in the Galaxy ✨ Swap your favorite spacefaring tokens...” Not followed by any of our mutuals.
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!
-Seeing a number of security alerts re: @magpieprotocol and recommending to revoke approvals, h/t @leviathan_news:
Important News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-Following story re: SEC is generating lots of attention:
-@MagicEden hits 50% of 24 hour NFT volume, h/t @DegenerateNews:
-Upcoming Coinbase earnings report seems poised to beat expectations again, h/t extremely thorough thread from @CryptoSnow_IO:
-Lot of talk about Upbit listings today after $AKT pumps following its listing there, h/t @Cryptocito and @coingecko:
-Good list of narratives and areas for potential research/etc from the great @Darrenlautf:
-Alfa on upcoming launches/TGE’s from @MaxLongCEO:
-Continued excitement about $TON, the newest addition to the top 10 coins by market cap, h/t excellent long-form analysis c/o @tomwanhh:
-Interesting stats on upcoming airdrop odds from @Polymarket:
-Another interesting data point from @Polymarket, with $ETH ETF approval by May 31st now sitting at 11%:
-Excellent thread on @Scroll_ZKP from @jake_pahor:
-Interesting thread from @wassielaywer on the altcoin/venture market:
-Alfa on testnets to consider researching and/or interacting with, h/t @Faycytw:
-Crypto news overview from @coinbureau:
-Latest video on all things airdrop-related from @KryptoCove:
-Excellent video of altcoin picks from @Jesseeckel:
-New video guide to Runes and how to get started with them, from @drakeondigital:
-Latest crypto + macro livestream from @noahseidman:
-Parting wisdom c/o @Web3Wizardd via @QuotableCrypto:
Conclusion
Happy Tuesday friends! Stay hypervigilant out there!
And please RT/subscribe/etc if you found this valuable!
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Note
Our friends at @silentdao_ keep working diligently behind the scenes to develop a truly revolutionary solution to the issue of on-chain privacy…
Our editor @rektdiomedes has been helping bang the drum about what @silentdao_ have been building, and the architecture being developed is intended to permanently change the defi landscape.
Once again, Silent is a middleware privacy/encryption project designed to facilitate composable privacy solutions within the EVM itself... Make sure to follow the official @silentdao_ Twitter account so you don’t miss any important updates!
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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.