Happy Thursday friends! Another day in ze brypto markets!
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 @CryptoBubbles24):
Gold: $2337.70
Oil (WTI): $82.68
US 10Y Treasury: 4.644%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Do you know about @vertex_protocol’s innovative liquidity solution Edge and shared liquidity with @tradeonblitz good anon?
“Edge functions like a virtual market maker between exchange venues on different chains.
The state of the sequencer is split (e.g., sharded) between supported chains concurrently, intaking and cloning inbound orders from each chain. Independent orders from one chain are then matched against liquidity from multiple chains.
Both sides of the trade are filled out, and the sequencer (Edge) takes the opposite side of the inbound trades — automatically hedging and rebalancing liquidity on the back-end between chains.
Notably, the sequencer only mirrors resting liquidity (e.g., maker orders) across the sharded states of the Vertex instances on different base layers. Taker orders remain unchanged, and are submitted directly from an independent Vertex instance, such as the DEX Blitz, to the sequencer’s unified liquidity layer — Edge.
Order matching between chains occurs concurrently, with the state of the sequencer’s consolidated liquidity profile across all of the supported base layers sharded and propagated to each Vertex instance.
As a result, Edge is capable of matching inbound orders from one chain with the combined orderbook liquidity of all of the base layers plugged into the Vertex sequencer.”
Vertex is our Official Sponsor so make sure to follow their official account on Twitter for more updates and check out the excellent thread below from @SocioCrypto to learn more about Edge!
Biggest TVL Movers + Else
Chains are mostly red today. Fastest-growing chains on the weekly with at least $5M TVL are Bifrsot Network, Mode, and Filecoin.
Protocols are mostly red today too. Fastest-growing protocols on the weekly with at least $5M TVL are BTCFi (uncategorized protocol on Bitfrost), iZUMI Finance (uncategorized multichain protocol), Black Panther (yield protocol on Injective), Alien Base (dex on Base), and Artemis Finance (liquid staking protocol on Metis).
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 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!)
-Something new called @lokamining. Twitter bio states “The only Bitcoin Layer that makes your BTC productive by earning native yield from Bitcoin mining economy”. Followed by 2 of our mutuals. h/t below thread from @TalkinAndy:
-New project called @SynonAI. Twitter bio states “The first Blockchain Layer built for AI, ML and LLM.” Followed by 4 of our mutuals. h/t @Hercules_DeFi:
-Something new called @popsetxyz. Twitter bio states “Next-generation onchain social. Coming soon to iOS and Android.” Followed by 8 of our mutuals. h/t @AresLabs_xyz:
-New project called @aox_xyz. Twitter bio states “Seamlessly bridge your assets to AO ecosystem.” Followed by 3 of our mutuals. h/t @AresLabs_xyz:
-Something new called @DODO_chain. Twitter bio states “The First Omni-Trading Layer3 Powered by @Arbitrum." h/t @AresLabs_xyz:
-Something new called @overloadfinance. Twitter bio states “restaking with no slashing. restake any erc-20, directly to any avs. built on @base." h/t @AresLabs_xyz:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (all types, $1M+ 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!
-No security alerts today.
Important News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-Arrest of Samourai Wallet co-founders was dominant news of the day:
-Good thread on what to do if you’re a current @SamouraiWallet user, from @sethforprivacy:
-New Solana meme coin $MANEKI generating lots of attention:
-Major news items c/o @0xSalazar:
-Lot of focus on Japanese currency issues in macro circles:
-Renzo updated their airdrop plan after backlash from users, h/t good synopsis + analysis from @ThorHartvigsen below:
-@KaminoFinance airdrop coming in April, h/t @alpha_pls:
-Fascinating chart of the UK stock market vs gold over the last 35 years, from @LukeGromen:
-Reminder from @thedefivillain to migrate any $RLB you hold on Solana before May 1st:
-Excellent long-form thoughts from @Zeneca:
-Lots of debate about the meme coin meta, h/t @ZeMirch below with screenshot of interesting back and forth between @blknoiz06 and @AgentChud:
-Newest airdrop video from @KryptoCove:
-New Q&A from macro gigabrain @LukeGromen:
-New Solana-focused interview with Anatoly Yakovenko and Lucas Bruder from @Lightspeedpodhq:
-New crypto + macro livestream from @noahseidman:
-New roundtable discussion on Runes from @0xResearch podcast:
-Parting wisdom c/o @xmgnr:
Conclusion
Have a good Thursday friends and stay alert 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.