Happy Thursday friends! The excitement continues!
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: $2312.70
Oil (WTI): $85.32
US 10Y Treasury: 4.357%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Take note good degens… We are very proud to announce that @vertex_protocol is our new Official Sponsor!
As lovers of all things perps dex related we have long been fans of Vertex, and are very pleased to have the chance to raise awareness about everything they offer!
To briefly summarize, Vertex is a cross-margin spot, perps, and money market protocol where users can trade, earn, and borrow all in one place…
They have a ton of cool stuff going on, most notably their new cross-chain unified liquidity architecture EDGE (@poweredbyvertex), and over the coming months we’ll be highlighting more info about that and tons of other cool features they have introduced via their platform!
In the meantime make sure to visit their site and follow them on Twitter for more updates!
Biggest TVL Movers + Else
Chains are mixed today. Top 30 chains up at least 10% on the weekly include Base (#7), Bitcoin (#8), and Thorchain (#16).
Protocols are mixed today. Top 100 protocols up at least 20% on the weekly include Pendle (#9), Ethena (#18), Zircuit Staking (#28), Thruster (#69), Trader Joe (#74), and Hyperlock (#98).
Here’s The Top 12 Fastest-Growing Chains On The Weekly With At Least $5M TVL (from @DefiLlama):
Here’s The Top 12 Fastest-Growing Protocols On The Weekly With At Least $5M TVL (from @DefiLlama):
Here’s The Top 12 Entities By 24 Hour Fee Generation (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 @AgoraDollar. Twitter bio states “Digital dollars are public goods.” Followed by 35 of our mutuals. h/t @AresLabs_xyz:
-Something new called @PengChainL3. Twitter bio states “For Penguins; By Penguins. An officially licensed PudgyPenguin's partner. L3 built on Base.” Followed by 5 of our mutuals. h/t @AresLabs_xyz:
-New project called @Komput_ai. Twitter bio states “Leveraging GPU/TPU power for decentralized computing and LLM training. Bringing AI computation closer to you.” Followed by 26 of our mutuals. h/t @AresLabs_xyz:
-New project on Base called @SpecMarkets. Twitter bio states “A prediction market to speculate on everything from crypto to culture. Coming soon to @base”. Followed by 14 of our mutuals. h/t @AresLabs_xyz:
-Previously-mentioned SatoshiVM dex @savmswapio has been added to @DefiLlama. Twitter bio states “1st Dex built on @satoshivm”. Followed by 20 of our mutuals.
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (all types, $10M+ TVL) and @stable_fish - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Security Alerts
-Daily Reminder: Twitter (and other social media) is being absolutely inundated with scams and links to fake versions of popular defi protocols - please make sure to be EXTREMELY hyper-vigilant and triple-check before interacting with anything!
-No security alerts today.
Important News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-$W token had a warm reception after yesterday’s airdrop, with much discussion on whether locking it could yield a Monad airdrop later on, h/t @alpha_pls:
-Interesting stat from @coingecko on returns by sector so far this year, with meme coins leading by a wide margin, followed by RWA and AI:
-More news curation from the great @0xSalazar:
-Spot gold prices hit $2300 for the first time ever:
-New Powell comments generated a lot of discussion in macro circles but did not seem to include any significant deviations from his last ones, h/t @zerohedge:
-Lot of attention on @friendtech points ahead of prospective airdrop, h/t @Tyler_Did_It:
-New @DefiLlama Twitter extension generating lots of positive attention, h/t @phtevenstrong and @0xngmi:
-Extremely good + thorough thread from @TheDeFinvestor on currently-tokenless protocols to dig into:
-Good long-form alfa from @CC2Ventures on how to potentially qualify for the prospective LayerZero airdrop:
-Cool new tool from @PastryEth (not technically a new protocol so including in this section instead):
-Newest research piece from @jake_pahor, this one on defi protocol @Entanglefi:
-New @coinbureau video on RWA sector:
-New @0xResearch roundtable on all the main topics in crypto/defi right now:
-New @Zenwarrior113 interview with @redphonecrypto and @donovansolms on Cosmos, @asteroidxyz protocol, and crypto in general:
-Good overview of restaking and the associated meta from @jesseeckel:
-Parting wisdom c/o @Fiskantes:
Conclusion
Happy Thursday friends! 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.