Happy Friday 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 @CryptoBubbles24):
Gold: $2356.60
Oil (WTI): $84.07
US 10Y Treasury: 4.677%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Take note friends! @MetisL2 has launched their historic new Sequencer Mining program! Here are some highlights:
“Our [20% APR] Mining Rate aims to keep Sequencers motivated, ensuring the network runs safely & effectively….
@ENKIProtocol & @Artemisfinance were selected by the Metis community through #MetisCEG to be assigned the first Sequencer nodes…
Sequencer Mining is a significant innovation in scaling blockchains, addressing Layer 2 risks like transaction reordering & liveness. Importantly, it allows us to properly align incentives across all network participants…
Head over to @Artemisfinance & @ENKIProtocol, our first LST protocols, for your share of Sequencer Mining incentives!”
We have been helping spread the word about everything Metis is implementing, so make sure to follow the official @MetisL2 Twitter account for more updates and read more about their Sequencer Mining program in the thread below!
Biggest TVL Movers + Else
Chains are mostly green today. Top 30 chains up at least 10% on the weekly include BSC (#3), Merlin (#9), Mode (#19), and Kava (#24).
Protocols are mixed today. Top 100 protocols up at least 30% on the weekly include Pancakeswap (#11), Zircuit Staking (#16), Convex Finance (#21), SubseaProtocol (#56), Sanctum (#70), and LayerBank (#91).
Here’s The Top 12 Fastest-Growing Chains On The Weekly With At Least $20M TVL (from @DefiLlama):
Here’s The Top 12 Fastest-Growing Protocols On The Weekly With At Least $20M 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):
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!)
-Something new called @FBTC_official. Twitter bio states “Liberate the Growth Power of Bitcoin | Early Core Contributors: @0xMantle and @AntalphaGlobal”. Followed by 7 of our mutuals. h/t @AresLabs_xyz:
-Something new called @OlasProtocol. Twitter bio states “An open protocol for sharing, interrogating and aggregating trustworthy information.” Followed by 4 of our mutuals. h/t @AresLabs_xyz:
-New project called @TwapFi. Twitter bio states “Smart TWAPs & Capital-Efficient DCA”. Followed by 3 of our mutuals. h/t @AresLabs_xyz:
-New dex on zkSync Lite called @zklite_exchange has been added to @DefiLlama. Twitter bio states “Order book exchange on zkSync Lite.” Followed by 1 of our mutuals. h/t @ZigZagExchange below:
-New protocol on Merlin listed as ‘Farm’ called @BitGenie_io has been added to @DefiLlama. Twitter bio states “A one-stop shop for Ordinals, Runes, and Bitcoin DeFi - Backed by @_WOO_X Innovation Hub”. Followed by 2 of our mutuals.
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (all types, $10M+ TVL) - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Security Alerts
-Daily Reminder: Twitter (and other social media) is being absolutely inundated with scams and links to fake versions of popular defi protocols - please make sure to be EXTREMELY hyper-vigilant and triple-check before interacting with anything!
-No security alerts today.
Important News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-Stripe re-introducing crypto payments (utilizing stablecoins and Solana in this case) generated massive attention over the last 24 hours:
-PCE and GDP numbers dominating macro discussions:
-Lots of varying opinions on how to interpret the data, h/t @jameslavish and @countdragula:
-MetaMask developer Consensys hit with a Wells Notice by the SEC:
-Consensys announces they will be using the SEC in turn, h/t @ethereumJoseph:
-$ETH ETF denials now the consensus expectation, h/t @Cointelegraph:
-Major defi news of the week c/o @TheDeFinvestor:
-Narrative alfa c/o @thedefivillain:
-Lot of talk about Trump reducing Fed independence if elected in November, example below:
-@CryptoHayes on the macro:
-Another giant @concodanomics thread for our hardcore macro fans:
-Cycle thoughts from @JackNiewold:
-New gem-hunting livestream from @jediblocmates and @Grantblocmates:
-New macro interview between @JackFarley96 and gigabrain hedge fund manager @hkuppy:
-New tutorial from @Dynamo_Defi on how to track smart money wallets with @dexscreener:
-Interesting new a16z video on developments in venture, AI, crypto, legacy economy, and etc:
-Parting (crypto-applicable) wisdom c/o @TheRealEstateG6:
Conclusion
Happy Friday lads and ladettes! 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.