Happy Friday good degens! 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: $2527.50
Oil (WTI): $76.53
US 10Y Treasury: 3.89%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Once again friends, our Official Sponsor @vertex_protocol has just deployed on @SeiNetwork!
In addition to the 850,000 SEI trading awards that are available over the next six weeks, Vertex are also doing a very cool Sei-focused Galxe campaign you can benefit from as well!
There are 100k VRTX in rewards up for grabs, so make sure to get all the details on it in the thread below!
And, 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 mixed today. Top 30 chains up at least 5% on the weekly include Sui (#13), Aptos (#20), Core (#27), and BSquared (#30).
Protocols are mixed today as well. Top 30 protocols up at least 5% on the weekly include Binance Staked ETH (#11), Symbiotic (#19), and Jupiter (#29).
Here’s The Top 12 Fastest-Growing Chains By TVL On The Weekly With At Least $1M TVL (from @DefiLlama):
Here’s The Top 12 Fastest-Growing Protocols By TVL On The Weekly With At Least $1M 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/new-ish called @SarvamAI. Twitter bio states “Building the full-stack for Generative AI”. Followed by 5 of our mutuals. h/t @AresLabs_xyz:
-New project called @AstrolFinance. Twitter bio states “First Native Lending Protocol On @EclipseFND.” Followed by 3 of our mutuals. h/t @AresLabs_xyz:
-Something new called @hypervative. Twitter bio states “unifying move liquidity on @movementlabsxyz”. Followed by 3 of our mutuals. h/t @AresLabs_xyz:
-New liquid-staking protocol on Neutron called @dropdotmoney has been added to @DefiLlama. Twitter bio states “Breathing new life into the Interchain through liquid staking. Proud member of the @LidoFinance Alliance.” Followed by 46 of our mutuals.
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (all types, $10M+ TVL 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)
-Long-term Bitcoin chart looking very interesting, h/t @btc_charlie:
-Following story about EigenLayer is generating much discussion, h/t @CoinDesk:
-Mortgage demand at lowest level in US since 1995:
-@DefiLlama now tracking @dexscreener fee generation:
-Interesting historic stats from @Eljaboom:
-Additional headlines c/o @0xSalazar:
-Additional headlines c/o @blocmatesnews:
-Interesting innovation where you can now buy the rights to the airdrops an NFT receives without owning the NFT, or sell the airdrop rights, etc - h/t @dcfgod and @metastreetxyz:
-Thoughts from @0xSisyphus:
-@zhusu on the ‘Fat App Thesis’:
-Excellent thread from @ReveloIntel on $AAVE, which continues to generate lots of attention:
-Bullish sentiments from @systems_value:
-New episode of NFA Live:
-New weekly roll-up video from @BanklessHQ going over several dozen of the top stories in crypto:
-Parting wisdom from @defi_octopus:
Conclusion
Have a great Friday good degens and stay alert out there!
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.