Happy Tuesday friends! Last day of April 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: $2324.90
Oil (WTI): $83.01
US 10Y Treasury: 4.63%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Have you heard about @InitCapital_ good degens?
They are an extremely cool new project on Blast and Mantle building an innovative and unique approach to on-chain liquidity via their Liquidity Hook infrastructure.
This is some abjectly gigabrain stuff and if you are a hardcore defi nerd and haven’t heard of them we highly encourage you to check out this thread for all the details!
They also just enabled $wrsETH from @KelpDAO as collateral on Blast (airdrop enthusiasts take note!), meaning:
Using $wrsETH as collateral on INIT provides:
-2x Kelp Miles
- EigenLayer Points
- INIT Points
We are going to be helping spread the word about everything they have been building, so make sure to learn more about the above announcement via the embedded thread, and make sure to follow them on Twitter for more updates!
Biggest TVL Movers + Else
Chains are mixed today. Biggest gainer on the weekly among top 30 chains is Mode (#17) at +27.20%, and biggest loser is BSC (#3) at -18.69%.
Protocols are mixed today as well. Biggest gainer on the weekly among top 50 protocols is Zircuit Staking (#13) at +35.96%, and biggest loser is Pancakeswap (#19) at -37.78%.
Here’s The Top 12 Fastest-Growing Chains By TVL On The Weekly With At Least $10M TVL (from @DefiLlama):
Here’s The Top 12 Fastest-Growing Protocols By TVL On The Weekly With At Least $10M TVL (from @DefiLlama):
Here’s The Top 12 Entities By 24 Hour Fee (from @DefiLlama):
Bitcoin Fear/Greed Index:
(from @BitcoinFear)
Chart Of The Day
(Courtesy of our Official Sponsor @vertex_protocol)
-Everyone has a view on $ETH price action right now… is the ETH/BTC ratio cursed? Is there any chance the ETF will get approved? Are the bears wrong and it is about to send to Revanchia? Express your view via spot or leverage and get access to 30+ other perps and spot markets at app.vertexprotocol.com!
New Projects
(note: this includes new projects we find through combing Twitter each day, and we also include or re-include every newly launched protocol added by @DefiLlama that has at least some TVL or is followed by at least some of our mutuals - hence disclaimer: these are not pre-vetted by us so make sure to DYOR!)
-New project called @yai_erc. Twitter bio states “$YAI | Connect to the future. Advanced, Real-Time AI-driven market prediction solutions.” Followed by 20 of our mutuals. h/t @fitforcrypto:
-Something new called @cyberdex_xyz. Twitter bio states “Trade in the most liquid Perpetuals in crypto. Participate in 'Deal Flow', CyberDEX's fair Launchpad… Backed by big Derivative Angels”. Followed by 19 of our mutuals.
-New project called @jointradable. Twitter bio states “Distributed compute, shared liquidity. Hosting the omnichain layer for rollups and apps with @Layerzero_Labs”. Followed by 58 of our mutuals.
-New project called @fametoken. Twitter bio states “Built to change the game. Fueling competition & rewarding victory. Powering @RumbleKongs ... & beyond.” Followed by 3 of our mutuals. h/t @AresLabs_xyz:
-New project called @MemeboxFi. Twitter bio states “Memebox by @SolidlyLabs Revolutionizing MeFi with ERC-42069.” Followed by 6 of our mutuals.
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama ($all types, 10M+ 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!
-Security alert from @peckshield regarding @yield:
Important News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-Prices down and Hong Kong ETF flows apparently underwhelming:
-Stats on the above c/o @LDNCryptoClub:
-EigenLayer airdrop announcement saga dominated discussion the last 24 hours, excellent summary from @sandraaleow below:
-EigenLayer provisions regarding VPN’s also generated much controversy, h/t @WazzCrypto:
-More headlines c/o @0xSalazar:
-The @friendtech airdrop has been delayed until later in the week:
-New airdrop checking feature released by @DefiLlama generating much fanfare, h/t @0xngmi:
-Blackrocck’s BUIDL now up to $375M AUM, h/t @tomwanhh:
-Latest data from @truflation:
-Alfa on upcoming launches h/t @hmalviay9:
-Upcoming Coinbase earnings report this week generating much excitement, h/t excellent thread below from @CryptoSnow_IO:
-New interview with head of Circle/USDC @jerallaire, from @BanklessHQ:
-New crypto/macro livestream from @noahseidman:
-New interview with Aave founder @StaniKulechov from @DefiantNews:
-New interview with macro gigabrain and Bitcoin-evangelist @LynAldenContact from @PalisadesRadio:
-Parting wisdom c/o @follis_ via @QuotableCrypto:
Conclusion
Happy Tuesday friends! 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.