Happy Monday good degens! Big week ahead of us!
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: $2350.40
Oil (WTI): $83.63
US 10Y Treasury: 4.628%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Lots going on with our Official Sponsor @vertex_protocol right now friends… including their revolutionary new cross-chain liquidity system @EdgeLayer, fiat on/off ramping via @transak, and high APR’s for $VRTX-stakers!
They are also getting ready to upgrade their referral system (see below), so if you are interested in spreading the good word about them and doing some reflink-maxxing then make sure to keep your eyes peeled!
Trade 30+ perp & spot markets on their site now at http://app.vertexprotocol.com and follow them on Twitter for continued updates!
Biggest TVL Movers + Else
Chains are mostly red today. Only top 30 chains green on all three timelines (daily, weekly, monthly) are Merlin (#9), Cronos (#14), TON (#31), Fantom (#32), and dYdX (#36).
Protocols are very red today. Only top 100 protocols green on all three timelines (daily, weekly, monthly) are Solv Protocol (#34), Ondo Finance (#59), and Fluid (#82).
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 @y8udotai. Twitter bio states “Explore the ∞ within you, store your 🧬Digital DNA on-chain & create digital content with y8u - The AI-ready Media Web3 Protocol. Incubated by @humansdotai”. Followed by 6 of our mutuals. h/t @Hercules_DeFi:
-New project called @nexusauction. Twitter bio states “Coming May 2024”. Followed by 13 of our mutuals. h/t @0xYelf:
-Something new called @TobiWalletApp. Twitter bio states “The First Self-Custody, Cross-Chain swap app to Revolutionize Your Crypto Experience on Telegram! Join our waitlist for early access 💎🗝️”. Followed by 2 of our mutuals. h/t @AresLabs_xyz:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama ($all types, 1M+ 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!
-Security update from @PikeFinance:
Important News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-Appears as though its going to be a huge week for airdrops, with a variety of both confirmed and rumored ones, h/t @alpha_pls:
-Much anticipation re: an @friendtech airdrop as soon as today, along with much speculation on potential price action, h/t @boldleonidas and @Route2FI:
-Macro schedule for the week ahead including FOMC Meeting (Fed interest rate decision) on Wednesday, h/t @KobeissiLetter:
-Big SUI unlock taking place this week, h/t @cryptopainzy:
-Japanese Yen saga continues, h/t @KobeissiLetter:
-Rumblings from Penguin territory generating attention, h/t @ayyyeandy:
-Increasing speculation regarding a potential China currency devaluation:
-Much focus on the US vs Roman Storm (Tornado Cash) case, h/t @RyanSAdams:
-Important reminder from @DaanCrypto:
-Another great article from macro gigabrain and Bitcoin-evangelist @LynAldenContact:
-Additional ticker watchlisting c/o @TheDeFinvestor:
-Latest crypto news overview from @coinbureau:
-Newest video from ‘Dollar Milkshake Theory’ originator Brent Johnson @SantiagoAuFund and co:
-Parting wisdom c/o @Tim_Maixner:
Conclusion
Happy Monday friends! Let’s get after it!
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.