Happy Tuesday friends! Tons 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: $2282.90
Oil (WTI): $84.96
US 10Y Treasury: 4.319%
Stocks ($SPY as proxy): -0.17%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Here's an update on some of the tokenless projects with potential airdrops we've been trying out along with referral links when applicable if you'd like to support our work! (note: as always please DYOR though!)
@Parcl - a Solana RWA project where you can long/short various real estate markets or provide liquidity - earn boosted points with our code: thedailydegen
-@CloneProtocol - synthetic assets protocol on Solana with presumed airdrop
@Rabby_io wallet - earn points for presumed airdrop, start new wallet or migrate old MM wallets over to it, utilize their internal swap feature, etc. Click ‘Rabby Points’ to get started, our ref code: THEDAILYDEGEN
@phantom wallet - rumored airdrop
@rainbowdotme wallet - earn 'points' for presumed airdrop, start new wallet or migrate old MM wallets over to it, utilize their internal swap feature - our reflink: https://rainbow.me/points?ref=SZUR3U
@MetaMask - long rumored to be doing an airdrop - do swaps and bridging using the in-app options in case they use that as main criteria for potential airdrop
@Scroll_ZKP - ETH L2 presumed airdrop
@LineaBuild - ETH L2 presumed airdrop
@zksync - ETH L2 presumed airdrop
@base - Coinbase’s ETH L2 increasingly rumored to be doing airdrop eventually
@syncswap - AMM on zkSync, Linea, and Scroll without a token
@modenetwork - new ETH L2 with presumed airdrop - https://ref.mode.network/Fx6b7N
@Eigenpiexyz_io - Eigenlayer restaking protocol with its own presumed airdrop as well - https://www.eigenlayer.magpiexyz.io/?ref=0xf2355BE0e5a2d1C88584286d41A82FA71aDd0c0C
@KelpDAO - EigenLayer restaking protocol - lets you earn towards presumed EigenLayer airdrop and also earns you 'Kelp Points'
@RenzoProtocol - another EigenLayer restaking protocol with its own presumed airdrop - reflink: https://app.renzoprotocol.com/?ref=0x39058c94a6c6504917dd8baddbbda27c8d6a5794
@DeBankDeFi and the DeBank L2 - rumors of possible airdrop, also same folks behind @Rabby_io wallet, create profile, deposit onto their L2
@MeteoraAG - liquidity/yield protocol on Solana
@DriftProtocol - perps dex on Solana
@BungeeExchange - bridge/infra
@JumperExchange - bridge/infra
@deBridgeFinance - bridge/infra
@Owlto_Finance - bridge/infra
@merkly_com - bridge/infra
@ElDoradoMRKT - cross-chain dex built on Maya Protocol ($CACAO)
@azuroprotocol - GambleFi project with (presumed) airdrop, deposit TVL such as USDT via Polygon
@ClipFinance - yield protocol on Linea
@StructFinance - Avalanche-based structured yields protocol
@ryskfinance - ETH L2 options project with presumed airdrop
@LogX_trade - perps dex on variety of ETH L2’s with upcoming airdrop
@Hyperliquidx - perps dex with (presumed) airdrop...
Biggest TVL Movers + Else
Chains are quite red today. Only top 80 chains green on all three timelines (daily, weekly, monthly) are Gnosis (#17), Flow (#70), opBNB (#73), and Core (#77).
Protocols are also quite red today. Only top 80 protocols green on all three timelines are Venus (#19), Ethena (#23), stUSDT (#22), Aerodrome (#47), dYdX (#48), and Minerva (#67).
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 (on 24 hour time frame, from @dexscreener):
Bitcoin Fear/Greed Index:
(from @BitcoinFear)
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama ($10M+ 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)
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 @stackmorexyz. Twitter bio states “Get rich or go broke trying. One-click borrowing and leverage on tokenized RWAs.” Followed by 6 of our mutuals. h/t @o_ponle:
-New project called @rune_mine. Twitter bio states “Building the largest ecosystem of applications for the Runes protocol on #Bitcoin. Launching Q2 2024”. Followed by 1 of our mutuals. h/t @AresLabs_xyz:
-New dex on Degen chain called @DegendexFi has been added to @DefiLlama. Twitter bio states “DengenDex - Build On @Degentokenbase - The first native Dex on DegenChain #Degen #Layer3 #L3onbase #Base #DDD #DegenDex”. Followed by 4 of our mutuals.
-Previously-mentioned Blast derivatives protocol @Core_Markets has been added to @DefiLlama. Twitter bio states “Intents-Based Perps on @Blast_L2 🪐| Core Offers 250+ Pairs w/ 60x Lvg 📈 “ Followed by 34 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!
-Important security reminder/heads-up from @0xrooter:
Important News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-Crypto prices saw a bit of a crash overnight, h/t @WuBlockchain:
-GrayScale ETF outflows continuing, h/t @zerohedge:
-ISM manufacturing data came in hotter than expected:
-Macro gigabrain @hkuppy on the above:
-@ethena_labs airdrop claim is now live, h/t @0xWelfare:
-Crazy story of @LarpVonTrier apparently turning $353 into $8.8M via meme coin:
-MakerDAO’s prospective use of @ethana_labs is generating intense discussion, sample c/o @lemiscate from Aave below:
-Additional headlines c/o @Cprinze_:
-Interesting item re: Manta Network and mercenary TVL, h/t @leviathan_news:
-Coinbase’s prospective Q1 earnings look quite bullish and their upcoming cex-linked on-chain wallet is generating lots of excitement, h/t @CoinbaseDuck and @blknoiz06:
-Market thoughts from @Jesseeckel:
-New interview with Pendle co-founder @tn_pendle from @DefiantNews:
-Newest crypto + macro livestream from @noahseidman:
-Latest airdrops update from @KryptoCove:
-Parting bullishness from @ayyyeandy:
Conclusion
Happy Tuesday degens! Stay alert out there!
And please RT/subscribe/etc if you found this valuable!
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***Note On Material: The ‘Spotlight’ section (and ‘Note’ sections and info on our Official Monthly Sponsor if applicable) 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.