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: $2546.80
Oil (WTI): $73.71
US 10Y Treasury: 3.803%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Reminder that our Official Sponsor @vertex_protocol has now arrived on @SeiNetwork!
This is just the latest new deployment as Vertex continues expanding its presence across the defi-verse!
In addition, for the next six weeks, 850K $SEI will be up for grabs as trading rewards! This is available exclusively for traders on Sei and you can get more details in the thread below!
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. Top 60 chains up at least 10% on the weekly include Core (#24), and Fantom (#35).
Protocols are mostly red today as well. Top 60 protocols up at least 10% on the weekly include Symbiotic (#19), Jupiter (#29), SUN (#34), and Drift (#55).
Here’s The Top 12 Fastest-Growing Chains By TVL On The Weekly With At Least $50M TVL (from @DefiLlama):
Here’s The Top 12 Fastest-Growing Protocols By TVL On The Weekly With At Least $50M TVL (from @DefiLlama):
Here’s The Top 12 Entities By 24 Hour Token-Holders’ Revenue (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 @boltprotocol_. Twitter bio states “Enabling preconfirmations on Ethereum, with proposer commitments”. Followed by 10 of our mutuals. h/t @AresLabs_xyz:
-Something new called @gintonicAI. Twitter bio states “AI Platform: - Unifying Specialized AI Blockchains - Distillery: First subchain for decentralized inference - Scalable, secure infrastructure for AI innovation”. Followed by 3 of our mutuals. h/t @AresLabs_xyz:
-Something new called @NexusTron. Twitter bio states “A new standard of Treasury-Backed DeFi on @TronDAO”. Followed by 3 of our mutuals. h/t @AresLabs_xyz:
-New project called @peripairbot. Twitter bio states “First Pair trading telegram bot with Rust-based execution exclusively on @hyperliquidX”. Followed by 3 of our mutuals. h/t @AresLabs_xyz:
-New perps protocol on IOTA EVM called @cyberperp has been added to @DefiLlama. Twitter bio states “Live now on @iota #EVM! ... The First Decentralized Perpetual Exchange on Iota EVM. Trade up to 50x leverage!” Followed by 3 of our mutuals.
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (all types, $1M+ TVL) - 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)
-Talk of ‘Utility Season’ being upon us with HNT, AAVE, and TRX being the top gainers among large caps over the last 30 days, h/t @thedefivillain:
-(Related) ‘Tron meta’ heating up as well, h/t @NPC_68:
-Nvidia earnings report coming up next week, h/t @0xjaypeg:
-Punks are seeing a bounce after the prolonged carnage in the NFT markets, h/t @Tyler_Did_It:
-Lots of focus on dollar directionality (a weak dollar should be very bullish for crypto prices), h/t @noahseidman:
-Fascinating stats showing just how much Bitcoin has outperformed everything else in crypto since the November 2022 lows, h/t @WuBlockchain:
-(Related) altcoin speculation index at lowest point since July 2023, h/t @TheDeFinvestor:
-Oil/gold ratio at historic lows, h/t @zerohedge:
-Additional headlines c/o @blocmatesnews:
-Crypto x AI news from @0xPrismatic:
-Fascinating article from tradfi gigabrain @hkuppy on implications of wealth being increasingly divorced from location and jurisdiction (even discusses crypto):
-New @BanklessHQ video on Mega ETH and Monad:
-New @Dynamo_Patrick interview with Frax founder @samkazemian:
-New Q&A with macro gigabrain and Bitcoin fan @LukeGromen:
-New video on Polygon’s token revamp from @Jesseeckel:
-Parting wisdom via @alpha_pls:
Conclusion
Have a great Wednesday and stay alert out there friends!
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.