Happy Saturday friends! Tradfi closed but crypto never sleeps!
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: $2349.10
Oil (WTI): $86.91
US 10Y Treasury: 4.40%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Chart Of The Day
(Courtesy of our Official Sponsor @vertex_protocol)
Six-month $ETH chart below - to trade $ETH or 30+ other perps and spot markets visit app.vertexprotocol.com!
Biggest TVL Movers + Else
Chains are mostly green today. Only top 50 chains red on all three timelines (daily, weekly, monthly) are Kava (#22), and Osmosis (#23).
Protocols are mostly green today as well. Only top 50 protocols red on all three timelines (daily, weekly, monthly) are Curve (#15), JustStables (#25), Frax (#30), stUSDT (#31), Synthetix (#33), Liquity (#36), Coinbase Wrapped Staked ETH (#42), Sun (#47), and GMX (#48).
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 Revenue Generation (from @DefiLlama):
Here’s The Top 12 Dex’s By 7 Day Volume (from @DefiLlama):
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 @RivusDAO. Twitter bio states “Bringing you liquid staking & unlocking DeFi on the Bittensor network 🖤”. Followed by 45 of our mutuals. h/t @0xHecate:
-New project called @target_protocol. Twitter bio states “Execute conviction plays with confidence ⚡️ Stay committed to your decentralized assets with Target Protocol 🎯🛡️ $TARGET”. Followed by 4 of our mutuals.
-New multichain bridge called @VenomBridge has been added to @DefiLlama. Twitter bio states “Main gateway to Venom blockchain Easy, fast and safe way to transfer tokens between Venom, Fantom, BSC and Ethereum networks”. Followed by 17 of our mutuals.
-New BSC + Arbitrum derivatives protocol called @fufuture_io has been added to @DefiLlama. Twitter bio states “Perpetual options, 0 slippage, never liquidate, dual pools. Revolutionizing #DeFi!” Not followed by any of our mutuals.
-New dex on BEVM called @Bevmswap has been added to @DefiLlama. Twitter bio states “Bevmswap is an AMM DEX on BEVM Chain, EVM-compatible.” Followed by 2 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)
-Solana network congestion current main topic of discussion, h/t @laurashin:
-Recap of some of biggest recent gainers, h/t @thedefivillain:
-The @KaminoFinance airdrop eligibility/allocation checker is now live, h/t @0xjaypeg:
-Important note re: upcoming Hyperliquid $PURR airdrop - apparently you need to re-accept the updated Terms Of Use or something to be able to receive it (again $PURR is a memecoin Hyperliquid is going to airdrop ahead of their actual airdrop, much like what Jupiter did with $WEN):
-Outflows from Grayscale continue as do inflows to all the other ETF’s, h/t @WuBlockchain:
-Latest inflation data from Chainlink-powered @truflation:
-Bullish developments re: upcoming @tensor_hq token/airdrop, h/t @Tyler_Did_It:
-Do Kwon update c/o @CoinDesk:
-More recent news stories h/t @Cprinze_:
-Great macro summary from @LDNCryptoClub:
-Excerpt from fascinating thread from @reganbozman covering a wide variety of crypto topics:
-New roundtable discussion from @0xSteadyLads on meme coins, ETH/BTC, new launches, and a bunch of other stuff:
-New weekly rollup from @BanklessHQ featuring guest @sassal0x, going over a ton of current crypto stories:
-New tutorial on $TAO-staking from @0xMughal:
-New video from @thebellcurvepod featuring @MikeIppolito_, @pythianism, and @im_manderson discussing a variety of crypto topics:
-Newest video on all things airdrop-related from @KryptoCove:
-Parting wisdom c/o @LynAldenContact:
Conclusion
Happy Saturday good degens! Stay alert out there!
And please RT/subscribe/etc if you found this valuable!
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Note
Our friends at @silentdao_ keep working diligently behind the scenes to develop a truly revolutionary solution to the issue of on-chain privacy…
Our editor @rektdiomedes has been helping bang the drum about what @silentdao_ have been building, and the architecture being developed is intended to permanently change the defi landscape.
Once again, Silent is a middleware privacy/encryption project designed to facilitate composable privacy solutions within the EVM itself... Make sure to follow the official @silentdao_ Twitter account so you don’t miss any important updates!
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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.