Happy Wednesday friends! Let’s get after it!
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: $2510.70
Oil (WTI): $78.60
US 10Y Treasury: 3.858%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Very cool update from our Official Sponsor @vertex_protocol, as users can utilize ‘Social Indicators’, which have been introduced to the platform!
“Traders on Vertex can now access social media sentiment indicators directly from within the Vertex app, accessible via market pages and the “watchlist” tab. Or, stay up-to-date via the newsfeed tab, and make use of AI summaries…”
As always, Vertex currently offers over 50 different perps and spot markets with an experience just as smooth as any centralized exchange, utilizing a state of the art cross-chain liquidity infrastructure via their Edge system @EdgeLayer! In addition, if you like juicy yields, you can also stake VRTX to benefit from both ‘RealYield’ paid in USDC and the official VRTX buyback & burn program!
Learn more about this latest update via the thread below, visit the Vertex site now at app.vertexprotocol.com, and make sure to follow them on Twitter for more updates!
Biggest TVL Movers + Else
Chains are quite green today. Fastest-growing chains on the weekly with at least $1M TVL are Reya Network, BEVM, and Neutron.
Protocols are also quite green today. Fastest-growing protocols on the weekly with at least $1M TVL are uncollateralized lending protocol on ETH/Arbitrum TrueFi, dex on BSC MelegaSwap, and lending protocol on ETH Mainnet Fungify.
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):
Bitcoin Fear/Greed Index:
(from @BitcoinFear)
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 @OnGodMarkets. Twitter bio states “someone chatting shit? put their money where their mouth is. socially-embedded prediction markets™️". Followed by 3 of our mutuals. h/t @AresLabs_xyz:
-New RWA protocol on ETH Mainnet and Polygon called @Spiko_finance has been added to @DefiLlama. Twitter bio states “Building the next generation of mutual funds and capital markets on-chain.” Followed by 9 of our mutuals.
-New gaming project on Taiko called @crackandstack has been added to @DefiLlama. Twitter bio states “Enter the mines, collect $ETH and try to escape with your bounty. Live on @taikoxyz...” Followed by 4 of our mutuals.
-New BSC launchpad @flapdotsh has been added to @DefiLlama. Twitter bio states “🦋Flap makes token launches fun&easy. Probably nothing 👉 ...live on @bnbchain . 🏆Innovation Grant support...” Followed by 11 of our mutuals.
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama ($1M+ 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)
-CPI (inflation) data has come in low, further spiking anticipation that the Fed will cut rates next month:
-Bitcoin continues to see best performance during US sessions, h/t @DaanCrypto:
-Lots of focus on Coinbase as the Bitgo/WBTC story continues generating attention, h/t @LukeYoungblood:
-@pumpdotfun seems to be entering its main character arc as it completely dominates on-chain fee/revenue generation this week and catalyzes much attention both positive and negative, h/t @HsakaTrades:
-Stocks have jumped back up after their crash last Monday, h/t @charliebilello:
-Bitcoin performance post-halving has been the worst on record so far (though important to remember its pre-halving performance was better than past periods), h/t @Dogetoshi:
-Gold in price discovery, h/t @prz_chojecki:
-Update to @deBridgeFinance airdrop, h/t @MingoAirdrop:
-Seeing lots of chatter about $UWU @unicornandmemes on the TL, h/t @TMtheOG:
-Also seeing a lot of chatter about @OlympusDAO on the TL the last few days, example from @unbanksyETH below:
-Bullish sentiments c/o @0xjaypeg:
-Additional headlines c/o @0xSalazar:
-Tutorial on using @smolrefuel (tool from @DefiLlama) from @Dynamo_Patrick:
-New interview with Aave OG and overall defi gigabrain @lemiscate from @thebellcurvepod:
-New macro video from @Blockworks_:
-Parting wisdom from @0xMerp:
Conclusion
Have a great Wednesday friends and stay alert out there!
And please RT/subscribe/etc if you found this valuable!
-
-
-
-
***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.