Happy Friday good frogs!
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):
Total Crypto Market Cap: $3.43T
Gold: $2616.10
Oil (WTI): $70.16
US 10Y Treasury: 4.577%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Back in the depths of the bear market all the crypto-skeptics and Schadenfreude-posters said that high yields in defi were never coming back…
This has been thoroughly proven wrong though, and @vertex_protocol is the perfect case in point!
With volumes surging alongside the general bull market excitement, yields for $VRTX-stakers have been sky-high for months now, and are currently clocking in at 43%!
This is all from ‘RealYield’ distributed as $USDC, and in addition, $VRTX-stakers also benefit from the $VRTX-buyback-and-burn program as well!
Get started yield-maxxing now as well as trading 50+ perps and spot markets at app.vertexprotocol.com and make sure to follow them on Twitter for more updates!
Biggest TVL Movers + Else
Chains are mostly green today. Only top 50 chains red on all three timelines (daily, weekly, monthly) are Blast (#19), Mode (#42), and Fantom (#50).
Protocols are mostly green today as well. Only top 100 protocols red on all three timelines (daily, weekly, monthly) are Corn Kernels (#55), and Ondo Finance (#55).
Here’s The Top 12 Fastest-Growing Chains By TVL On The Monthly With At Least $20M TVL (from @DefiLlama):
Here’s The Top 12 Fastest-Growing Protocols By TVL On The Monthly With At Least $20M TVL (from @DefiLlama):
Here’s The Top Entities By 24 Hour Token-Holders’ Revenue (from @DefiLlama):
Here’s The Top Dex’s By 7 Day Volume (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 @openvm_org. Twitter bio states “A performant and modular zkVM framework built for customization and extensibility....” Followed by 5 of our mutuals. h/t @AresLabs_xyz:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (all types, $20M+ 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
-Weekly defi news from @TheDeFinvestor:
-More Binance pre-listing alfa from @WuBlockchain:
-Cycle thoughts from @DaanCrypto:
-New token $SPORE and the @sporedutfun ecosystem are generating attention on the TL, h/t @DeFi_Cheetah:
-Macro check-in from @fejau_inc and @AndreasSteno:
-(Related) from @zerohedge:
-Interesting list of crypto credit/debit cards, from @DefiIgnas:
-Rolex prices are apparently still hitting cycle lows, h/t @charliebilello:
-Opsec thoughts from @safetyth1rd:
-Interesting overview of Sui defi (click for rest of long-form tweet), h/t @DefiLlama:
-Interesting discussions in Bitcoin-land:
-New @BanklessHQ video going over the top events of 2024 in crypto:
-New interview with macro gigabrain @WarrenPies on raising a fund and other such topics:
-Solana 2024 year in review from @Lightspeedpodhq:
-Parting wisdom from @Thomas_Salamus_:
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
We have been helping spread the word about what the team at @silentdao_ is doing… and their long hard work is finally moving towards fruition…
Once again, Silent is building…
“…a compliant, composable, highly efficinet, scalable, performant and modular privacy system with the vision to create an anonymous computational access layer….”
This utilizes their custom EZEE framework:
“…EZEE, or Economical Zero Knowledge Execution Environment, as the name suggests, allows users to create a framework that lets users interact with blockchain applications privately and efficiently by separating private account data from public transactions while allowing applications to work together seamlessly....”
Learn more from their new article (also linked in the tweet below!) and make sure to follow them on Twitter for more updates as well!
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***Note On Material: The ‘Spotlight’ and ‘Note’ sections and info on our Official Monthly Sponsor @vertex_protocol 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.