Happy Thursday 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: $2538.80
Oil (WTI): $75.20
US 10Y Treasury: 3.867%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Take note friends, Part Two of ‘Orderbook Tranquility’ is live on @SeiNetwork X @vertex_protocol!
As previously mentioned, Sei is the latest chain Vertex has deployed on as their cross-chain liquidity explosion continues!
‘Orderbook Tranquility’ is the associated Galxe campaign… allowing users to complete quests and earn a share of 100k VRTX and 5k USDC in rewards, as detailed 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, you can also stake VRTX to benefit from both real yield paid in USDC as well as the official VRTX buyback & burn program!
Learn more below, visit the Vertex site at app.vertexprotocol.com, and make sure to follow them on Twitter for more updates!
Biggest TVL Movers + Else
Chains are looking better today. Only top 50 chains green on all three timelines (daily, weekly, monthly) are Sui (#12), and dYdX (#30).
Protocols are bouncing back a bit today as well. Only top 50 protocols green on all three timelines (daily, weekly, monthly) are JustStables (#20), Jupiter (#29), SUN (#32), Tether Gold (#41), Ondo Finance (#42), and Paxos Gold (#47).
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 Revenue 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 @multiplierfun. Twitter bio states “Play games to get 1000x returns in shitcoins while posting memes to play for free. The onchain infrastructure to escape poverty.” Followed by 159 of our mutuals.
-New project called @waveX_fi. Twitter bio states “waveX is the first perpetual DEX built on the Soneium network. @Soneium Pre-mine waveX points”. Followed by 3 of our mutuals. h/t @AresLabs_xyz:
-Something new called @bgtmarket. Twitter bio states “Experimental decentralized auction market for spot $BGT on Berachain 🐻⛓” Followed by 10 of our mutuals. h/t @AresLabs_xyz:
-Something new called @zen_chain. Twitter bio states “The first decentralized, EVM-compatible Bitcoin L1, enhancing secure cross-chain interactions for Bitcoin and Ethereum as part of the @unizen_io ecosystem.” Followed by 3 of our mutuals. h/t @AresLabs_xyz:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama ($1M+ TVL, no-IL, and single-exposure 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)
-Nvidia earnings/news/performance/etc was the dominant topic the last 24 hours, h/t @WuBlockchain:
-Much discussion re: OpenSea receiving a Wells Notice from the SEC, h/t @0xfoobar:
-Recap of last ten days, h/t @thedefivillain:
-Trump sons’ crypto project revealed to be @WorldLibertyFi:
-Interesting note on Pyth c/o @Dynamo_Patrick:
-US presidential election continues to generate massive attention vis a vis crypto and investing/economics in general, h/t @MikeIppolito_:
-Defi news roundup from @TheDeFinvestor:
-Additional headlines c/o @blocmatesnews:
-Analysis of recent outperformers, h/t @HeiroCapital:
-Latest real-time inflation data from @truflation:
-Extremely interesting long-form post from @DoveyWan on Solana, its history, L1’s in general, and the current state of crypto (click to read in full):
-New roundtable discussion from @Unchained_pod featuring @krugermacro, @joemccan, and more:
-New macro interview with Michael Howell from @fejau_inc at @Blockworks_:
-Good mainstream crypto news overview from Rob at @NewsAsset:
-New interview on “How Crypto Is Saving Argentina's Economy” from @BanklessHQ, with @lemoncheli, @fedeogue, and @mbeaudroit:
-Parting reminders from @QuintenFrancois:
Conclusion
Have a great Thursday and keep putting in those reps good anons!
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.