Happy Monday friends! Start of another big week 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: $2527.60
Oil (WTI): $76.34
US 10Y Treasury: 3.892%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Once again good degens, our Official Sponsor @vertex_protocol is now live on @SeiNetwork!
This is just the latest new deployment as Vertex continues expanding its presence to more and more chains!
In addition, for the next six weeks, 850K $SEI will be up for grabs as trading rewards for Vertex traders!
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 mostly red today. Fastest-growing chains on the weekly with at least $100M TVL are Core, BSquared, and Fantom.
Protocols are quite red today as well. Fastest-growing protocols on the weekly with at least $100M TVL are Aura, Pell Network, Symbiotic, Jupiter, and Colend Protocol.
Here’s The Top 12 Chains By TVL (from @DefiLlama):
Here’s The Top 12 Protocols By TVL (from @DefiLlama):
Here’s The Top 12 Entities By 24 Hour Fee Generation (from @DefiLlama):
Bitcoin Fear/Greed Index:
(from @BitcoinFear)
New Projects
(note: this includes new projects we find through combing Twitter each day, and we also include or re-include every newly launched protocol added by @DefiLlama that has at least some TVL or is followed by at least some of our mutuals - hence disclaimer: these are not pre-vetted by us so make sure to DYOR!)
-New project called @dubdotsocial. Twitter bio states “unleash viral coins. join the waitlist...” Followed by 66 of our mutuals. h/t @AresLabs_xyz:
-Something new called @CrunchLabHQ. Twitter bio states “Crunch Lab is a quant boutique that helps large companies, investment firms, and financial institutions extract more value from their data.” Followed by 2 of our mutuals. h/t @AresLabs_xyz and @herelle_jean:
-Something new called @gasyardfi. Twitter bio states “🚀 Fueling Your Cross-Chain Gas: Anytime, Every Time.🔥 | Beta Launching Soon!” Followed by 1 of our mutuals. h/t @2lambro:
-Something new called @decentai_app. Twitter bio states “Access all the best commercial and open source AI models in a single app. 📱Now available in iOS and Android in US, Canada, and EU”. Followed by 1 of our mutuals. h/t @2lambro:
-Something new called @slohmfi. Twitter bio states “$SLOHM is a decentralized reserve currency on native #Bitcoin, powered by @opnetbtc.” Followed by 8 of our mutuals. h/t @AresLabs_xyz:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama ($10M+ TVL, 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:
-Crypto watchlist for week ahead, h/t @TheDeFinvestor:
-Recap of last ten days, h/t @thedefivillain:
-Great chart comparing Bitcoin and Nvidia performance over the last year, showing where they diverged in recent months when all the forced selling/supply overhang started:
-Total stablecoin market cap nearing previous all-time highs from last cycle, h/t @Dynamo_Patrick:
-Most 2024 Bitcoin buys are underwater, h/t @DaanCrypto:
-Interesting $TAO/Bittensor update from @NPC_68:
-Runes continuing to have a bit of a comeback, h/t @Tyler_Did_It:
-Tether launching $USDT on Aptos, h/t @WuBlockchain:
-$AAVE, $KMNO, and $HNT generating attention as recent outperformers, h/t @alpha_pls:
-@DefiLlama adds Tether ($USDT) and Circle ($USDC) to fees/revenue dashboard, h/t @0xngmi:
-Some potential projects to add to your research list, h/t @ayyyeandy:
-New TA/news/thoughts video from @DaanCrypto:
-New roundtable discussion from @theempirepod discussing a variety of crypto topics:
-Parting wisdom c/o @jake_pahor:
Conclusion
Happy Monday good degens! Stay alert out there!
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.