Happy Monday degens! Start of another big week!
Let’s dive in!
As always… 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 @CryptoBubbles):
Gold: $2481.40
Oil (WTI): $77.60
US 10Y Treasury: 3.949%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Once again good anon, @vertex_protocol’s ‘Edge’ infrastructure is absolutely killing it as of late!
As background, Edge is the revolutionary new crosschain-liquidity system that the Vertex team developed…
It is currently powering @vertex_protocol, @tradeonblitz, and will be powering several similar additional iterations soon (on new chains!)…
The success of this system is leading to new ATH’s in perps volume - and $VRTX-stakers are benefiting, as this means more ‘RealYield’ paid out in $USDC!
Edge has its own Twitter account - @EdgeLayer (see below)- so make sure follow them, and- as always- make sure to access the 40+ perps and spot-markets + the above-noted yield opportunities now at app.vertexprotocol.com!
Biggest TVL Movers + Else
Chains are extremely red today. Only top 50 chains green on the daily are Sui (#15), dYdX (#31), and Kava (#33).
Protocols are extremely red today as well. Only top 100 protocols green on the daily are Avalon Finance (#57), stUSDT (#77), NAVI Protocol (#86), Hashnote USYC (#91), and Usual Money (#99).
Here’s The Top 12 Fastest-Growing Chains By TVL On The Weekly With At Least $20M TVL (from @DefiLlama):
Here’s The Top 12 Fastest-Growing Protocols By TVL On The Weekly With At Least $20M 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):
Bitcoin Fear/Greed Index:
(from @BitcoinFear)
Top Trending Tokens
(from @dexscreener - 24 hour timeframe)
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 @BitGPTnetwork. Twitter bio states “Decentralized AI in your wallet ⏳” Followed by 2 of our mutuals. h/t @twindoges:
-Something new called @pvp_dot_trade. Twitter bio states “Don't get liquidated.” Followed by 13 of our mutuals. h/t @DeFiMinty:
-New project called @HyperSwapX. Twitter bio states “The first @HyperliquidX L1 native DEX”. Followed by 5 of our mutuals. h/t @DeFiMinty:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama ($25M+ TVL only, single-exposure, no-IL only) - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Security Alerts
-No security alerts today.
Important News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-Macro schedule for the week ahead, h/t @KobeissiLetter:
-Canto has been down for almost 36 hours, generating much discussion:
-The vast majority of alts continue to bleed significantly vs majors, h/t sentiment check from @JiraiyaReal:
-ETH Mainnet continues to see unprecedented lows in gas fees, h/t @NPC_68 and @WuBlockchain:
-Inflow/outflow data, also from @NPC_68:
-Some top performers from the last 3 months, h/t @thedefivillain:
-Arbitrum close to all-time high’s for TVL but all-time low’s for price, h/t @DeFiMinty:
-Weekly unlocks to be aware of, h/t @CryptoRank_io:
-Additional headlines from @blocmatesnews:
-@aerodromefi showing strength within EVM defi world, h/t @Dynamo_Patrick:
-Continued discussions about Bitgo, $WBTC, and MakerDAO - h/t @qthomp and @hasufl:
-New TA + thoughts video from @DaanCrypto:
-New interview with macro/Bitcoin commentator @PrestonPysh:
-Parting wisdom c/o @Bitcoin_Sage:
Conclusion
Happy Monday friends! Here’s to a productful week!!!
And please RT/subscribe/etc if you found this valuable!
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Note
The team at @silentdao_ is continuing to develop their revolutionary new on-chain privacy architecture… which is essentially meant to be a middleware privacy/encryption layer that will facilitate composable privacy solutions within the EVM itself...
To quote their most recent article below:
“Silent Protocol is building the ghost layer, a modular layer 1.5 providing compliant privacy built on the EZEE framework to become that structured playground for institutions and retail users that can provide compliant, secure and privacy preserving access to ethereum native and cross chain liquidity along with enabling access to applications.”
Our editor @rektdiomedes is helping bang the drum on everything @silentdao_ is working on, so make sure to check out the below article, and follow Silent on Twitter for more 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.