Happy Wednesday 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: $2290.30
Oil (WTI): $85.89
US 10Y Treasury: 4.375%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Attention good degens… the @KelpDAO ‘Road To One Billion’ program is now live!
It includes five million EigenLayer Points that are up for grabs, so restaking-maximalists take note!
For every $ETH deposited, you get 100 additional EL Points, on top of regular EL Points and Kelp Miles!
We have been helping raise awareness about everything the crew at @KelpDAO has been building these last few months, and as the EigenLayer craze heats up they continue to dominate the associated meta, with TVL increasing by leaps and bounds!
Make sure to follow them on Twitter and take advantage of the Road To One Billion program below!
Biggest TVL Movers + Else
Chains are mostly green today. Top 30 chains up at least 5% on the daily include Solana (#4), Base (#7), Near (#20), and MultiversX (#29).
Protocols are mixed today. Protocols with at least $100M TVL up at least 10% on the daily include Thorchain Lending, Ethena, and Flexa.
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 Fee Generation (from @DefiLlama):
Here’s The Top 12 Dex’s By 7 Day Volume (from @DefiLlama):
Top Trending Tokens (on 24 hour time frame, from @dexscreener):
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!)
-New project called @moleculebtc. Twitter bio states “@moleculebtc First SolanaVM Bitcoin Layer 2 🟠. Built by @Sleek_Labs. Backed by @BinanceLabs.” Followed by 9 of our mutuals. h/t @AresLabs_xyz:
-Something new on Base called @Rede_Grow. Twitter bio states “Helping founders to get more product insight through our LLM powered Feedback to Earn tool built on @base powered by @Labs_sticky”. Followed by 1 of our mutuals. h/t @AresLabs_xyz:
-New project called @kanshinfi. Twitter bio states “Kanshin leads BTC restaking on Merlin Chain. Harnessing inefficiencies, arbitrage, and strategies to maximize returns, making your Bitcoin work for you.” Followed by 3 of our mutuals. h/t @AresLabs_xyz:
-Previously-mentioned Arbitrum options protocol @IthacaProtocol has been added to @DefiLlama. Twitter bio states “Non-Custodial, Composable Option Protocol | Backed by @CumberlandSays and @wintermute_t”. Followed by 19 of our mutuals.
-New lending protocol on Astar zkEVM called @c14_wtf has been added to @DefiLlama. Twitter bio states “Earn Interest & Borrow Assets on @AstarzkEVM!” Not followed by any of our mutuals.
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama ($1M+ 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)
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)
-The Wormhole airdrop is now live, remember to triple-check all accounts/links/etc before claiming good degens! h/t @Tyler_Did_It for the QT:
-Movement of US government Silk Road $BTC to Coinbase generated a lot of attention, but is unclear if this is for new selling vs settlement of previous selling, h/t @intangiblecoins:
-Good current news overview from @0xSalazar:
-$ENA from @ethena_labs had a very good first day of trading, h/t @Tyler_Did_It:
-(Related) Ethena’s model continues to generate much debate though, sample c/o @hasufl below:
-Much-discussed Treasury buyback program starting, h/t @FedGuy12:
-Interesting upcoming airdrop, h/t @CC2Ventures:
-More airdrop alfa, c/o @faycytw:
-Total US household net worth at $147T, over 50x the size of total crypto market cap, h/t @charliebilello:
-Lot of focus on Merkly/Hyperlane in airdrop circles, h/t @73lV_:
-Thoughts on macro/crypto c/o @krugermacro:
-Daily airdrops update from @KryptoCove:
-New macro livestream with Tony Greer @TgMacro via @RealVision:
-New interview with @kylesamani from @thebellcurvepod:
-Parting wisdom c/o @knowerofmarkets:
Conclusion
Happy Wednesday 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’ 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.