Happy Friday good degens! Another big day 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: $2310.90
Oil (WTI): $86.54
US 10Y Treasury: 4.332%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
$ARB-enjoyoors take note! @hashflow has some very noteworthy rewards for traders you should be aware of!
As background, Hashflow is a native cross-chain dex aggregator that helps traders source the best prices + liquidity available… enabling users to seamlessly transact across Ethereum, Arbitrum, Avalanche, BNB Chain, Optimism, Polygon, and Solana without the risk and hassle of bridging or using synthetic assets!
A noteworthy member of the Arbitrum community, they are currently offering an extremely cool ARB rewards program as well, with 50,000 ARB awarded each week!
Check out the below tweet to get all the info, and visit their site to begin trading now!
We are going to be helping @hashflow spread the good word about everything they have been building, so make sure to follow them on Twitter for more updates as well!
Biggest TVL Movers + Else
Chains are mixed today. Chains with at least $100M TVL up at least 20% on the weekly include Merlin, Bitcoin, Thorchain, Linea, and Mantle.
Protocols are mixed today as well. Protocols with at least $50M TVL up at least 50% on the weekly include ETH Mainnet farm BOB Fusion, Cronos CDP protocol Orby Network, uncategorized multichain protocol Solv Protocol, and multichain lending protocol ZeroLend.
Here’s The Top 12 Chains By TVL (from @DefiLlama):
Here’s The Top 12 Protocols By TVL (from @DefiLlama):
Here’s The Top 12 Entities By 24 Hour Fee Generation (from @DefiLlama):
Here’s The Top 12 Chains By 7 Day Stablecoin Inflow % (from @DefiLlama):
Top Trending Tokens (on 24 hour time frame, from @dexscreener):
Bitcoin Fear/Greed Index:
(from @BitcoinFear)
Ethereum Fear And Greed Index
(from @EthereumFear):
New Projects
(note: this includes new projects we find through combing Twitter each day, and we also include or re-include every newly launched protocol added by @DefiLlama that has at least some TVL or is followed by at least some of our mutuals - hence disclaimer: these are not pre-vetted by us so make sure to DYOR!)
-New dex on Manta called @FireFlydexZK. Twitter bio states “Designed to be the premier Modular DEX on Manta Pacific. Don't fade our Jupiter-sized airdrop- largest ever on Manta.” Followed by 18 of our mutuals. h/t @eli5_defi:
-New project on Base called @ShareTheShaka. Twitter bio states “lets #ShareTheShaka with 1 million people worldwide | on @base”. Followed by 2 of our mutuals.
-New project called @lunch_xyz. Twitter bio states “There ain't no such thing as a free Lunch, except on Lunch App. Built on @InitiaFDN.” Followed by 6 of our mutuals. h/t @AresLabs_xyz:
-New project called @Kartel_network. Twitter bio states “Best decentralized exchange for trading perps on any Bitcoin chain powered by @arbitrum and @eigenlayer Main-net on Bitcoin Halving!⌛” Followed by 2 of our mutuals. h/t @AresLabs_xyz:
-Previously-mentioned @puff_drgn has been added to @DefiLlama, listed as a farm protocol on Mantle. Again, Twitter bio states “$Puff has been Summoned! A mystical Dragon with a dual nature- part solar lawful, part lunar degen.” Followed by 116 of our mutuals.
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (all types, $1M+ 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)
-Bitcoin continues to consolidate just under 70k range, h/t @DeFiMann:
-Big stablecoin adoption story re: PayPal generating lots of attention, h/t @mdudas:
-Additional protocol news/alfa from @TheDeFinvestor:
-Cycle thoughts c/o @BobLoukas:
-@pendle_fi getting lots of attention as its TVL continues to surge, h/t @TheBlock__:
-Oil hits $90 per barrel for first time since last October:
-Market currently split on likelihood of June rate cut, h/t @fejau_inc:
-Most active crypto VC’s right now are apparently @a16zcrypto, @OKX_Ventures, @multicoincap, @paradigm, and @polychain, according to excellent data from @CryptoKoryo (click to read rest of his very thorough thread on crypto VC investing stats below):
-Some airdrop info/thoughts from @0xWelfare:
-More airdrop alfa, c/o @info_insightful:
-Excellent thoughts on overall macro/crypto climate from @Architect9000:
-New roundtable discussion from The Chopping Block c/o @Unchained_pod on various current topics in defi:
-Video guide to new ETH L2 @modenetwork and its airdrop program from @Dynamo_Patrick:
-New interview with @jessepollack from Base via @Lightspeedpodhq:
-Latest video on all-things airdrop-related from @KryptoCove:
-Simple parting wisdom from @noahseidman:
Conclusion
Happy Thursday friends! Stay alert out there!
And please RT/subscribe/etc if you found this valuable!
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Note
As noted yesterday, 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 and check out the alfa from co-founder @AlwinPeng below!
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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.