Happy Sunday good degens! Lots 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: $2349.10
Oil (WTI): $86.91
US 10Y Treasury: 4.40%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
As previously noted, we are very proud to have @vertex_protocol as 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) - more info on it in the great thread from @ProfessorVertex below!
Biggest TVL Movers + Else
Chains are all green today. Chains with at least $10M TVL up at least 100% on the weekly include zkLink, FSC, and Merlin.
Protocols are mostly red green as well. Protocols with at least $5M TVL up at least 500% on the weekly include Blast/Arbitrum NFTfi project nftperp, uncategorized XDC project Fathom, Thorchain Lending, and Aptos lending protocol Echelon Market.
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 Token-Holders’ Revenue (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!)
-Something new called @AINNLayer2. Twitter bio states “The innovative #BTC #Layer2 solution crafted with a focus on #AI-driven modular construction | #ANVM Mainnet is live | @ANVM_Community”. Followed by 5 of our mutuals. h/t @eli5_defi:
-New TON project called @Ion_Finance. Twitter bio states “🌐 The Future of DEX on TON Network 💎 🏆 TONxDWFxAWS Hack-a-Ton Champions! 📚🤖 CLOB/AMM hybrid model with concentrated liquidity ✈️ Trade directly on Telegram”. Followed by 3 of our mutuals. h/t @eli5_defi:
-Something new called @Heurist. Twitter bio states “Heurist is a Layer 2 network for AI model hosting and inference, bridging GPU owners with the open-source AI community.” Followed by 62 of our mutuals. h/t @eli5_defi:
-New Solana project called @launchpoint_fi. Twitter bio states “First LBP DEX on Solana. Outsmart MEV bots and join the next-gen community launch engine!” Followed by 6 of our mutuals. h/t @AresLabs_xyz:
-Something new called @Fridon_AI. Twitter bio states “Bringing an Ultimate Crypto Companion to @Solana Winning @ColosseumOrg”. Followed by 5 of our mutuals. h/t @AresLabs_xyz:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama ($10M+ 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)
-Prices rising but many alts still at local discounts, h/t @docXBT:
-Protocol news/alfa c/o @TheDeFinvestor:
-Airdrop season continues to heat up, h/t @0xjaypeg:
-Potential @aave alfa c/o @lemiscate?
-Potential @CoWSwap alfa c/o @rpahlmeyer?
-More protocol analysis c/o @layerggofficial:
-Illustrative macro chart from @Schuldensuehner:
-Telegram’s $TON continues to generate attention:
-Interesting thread on recent on-chain activity from crypto trading legend GCR, h/t @ArkhamIntel:
-Airdrop thoughts from @CC2Ventures:
-General wisdom + some new protocol alfa c/o @retiredchaddev:
-New episode of The Market Huddle containing separate interviews with macro commentators @PauloMacro and @hkuppy:
-New @Lightspeedpodhq video with @0xMert_and@smyyguy discussing Solana congestion + etc:
-Update on all things Ethereum from @sassal0x:
-New weekly macro breakdown from Joseph Wang @FedGuy12:
-Parting wisdom c/o @thecryptosapien via @QuotableCrypto:
Conclusion
Have a great Sunday friends! Another big week coming up!
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.