Happy Monday friends! Some positive price action we’re seeing!
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: $2356.80
Oil (WTI): $86.32
US 10Y Treasury: 4.46%
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, including a new partnership with @transak for easy fiat on/off-ramping for users! Learn more about that below and make sure to follow them on Twitter for more updates!
Biggest TVL Movers + Else
Chains are mostly green today. Top 30 chains up at least 10% on the daily include Base (#6), Blast (#7), and Merlin (#22).
Protocols are mostly green today as well. Top 100 protocols up at least 10% on the daily include Renzo (#13), Zircuit Staking (#23), Juice Finance (#63), and Hyperlock Finance (#80).
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 (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 @hyle_org. Twitter bio states “Hylé is the core layer for the modular ZK stack, a secure, decentralised, censorship-resistant settlement layer for all ZK proofs.” Followed by 4 of our mutuals. h/t @AresLabs_xyz and @sylvechv:
-New project called @vllm_project. Twitter bio states “A high-throughput and memory-efficient inference and serving engine for LLMs”. Followed by 2 of our mutuals. h/t @AresLabs_xyz:
-New project called @open_labels. Twitter bio states “A standardized framework and data model for EVM address labeling”. Followed by 5 of our mutuals. h/t @AresLabs_xyz:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama ($1M+ TVL, single-exposure, and no-IL only) and @stable_fish - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Security Alerts
-Daily Reminder: Twitter (and other social media) is being absolutely inundated with scams and links to fake versions of popular defi protocols - please make sure to be EXTREMELY hyper-vigilant and triple-check before interacting with anything!
-No security alerts today.
Important News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-Tensor/$TNSR airdrop is apparently taking place this morning, h/t @alpha_pls:
-Macro schedule for the week ahead c/o @KobeissiLetter:
-New Twitter-focused Blast SocialFi protocol @fantasy_top is generating a lot of attention on the TL, h/t @0xjaypeg and @blknoiz06:
-Meme coins creation engine + social trading protocol @pumpdotfun is also generating a lot of attention, also h/t @blknoiz06:
-Less than two weeks until halving, h/t @tomwanhh:
-Hong Kong web3 festival generating attention this week, h/t @WuBlockchain:
-Bullish sentiments on Bitcoin ecosystem c/o @sandraaleow:
-Lot of discussion re: Arthur Hayes potentially capitulating on his $GMX bags, h/t @JJCycles and @lookonchain:
-@Arthur_0x on Singapore’s crypto renaissance:
-Fascinating schizo article from @goodalexander on crypto/AI/etc:
-New interview with @whoiskevin from @Grantblocmates at @blocmatesdotcom on Berachain:
-Newest macro overview from ‘Dollar Milkshake’ theory originator Brent Johnson @SantiaguAuFund and co:
-New @KryptoCove video on @elixir and their prospective airdrop:
-Trading wisdom c/o @jake_pahor:
-Additional parting wisdom c/o @BobLoukas:
Conclusion
Happy Monday 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’ 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.