Happy Sunday good degens!
Let’s dive in!
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 @CryptoBubbles24):
Gold: $2024.40
Oil (WTI): $76.84
US 10Y Treasury: 4.152%
Stocks ($SPY as proxy): N/A
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
We at the Daily Degen believe that 2024 will be the year of the 'Airdrop Meta', and have been utilizing lots of projects that are presumed to be doing an airdrop!
Here's some of the projects we've been trying out for this purpose along with referral links when applicable if you'd like to support our work! (note: as always please DYOR though!)
@Parcl - a Solana RWA project where you can long/short various real estate markets or provide liquidity - earn boosted points for (presumed) airdrop with our code: thedailydegen
@MeteoraAG - liquidity/yield protocol on Solana
@DriftProtocol - perps dex on Solana
@Rabby_io wallet - earn points for presumed airdrop, start new wallet or migrant old MM wallets over to it, utilize their internal swap feature. Click ‘Rabby Points’ to get started, our ref code: THEDAILYDEGEN
@phantom wallet - rumored airdrop
@rainbowdotme wallet - earn 'points' for presumed airdrop, start new wallet or migrate old MM wallets over to it, utilize their internal swap feature - our reflink: https://rainbow.me/points?ref=SZUR3U
@MetaMask - long rumored to be doing an airdrop - do swaps and bridging using the in-app options in case they use that as main criteria for potential airdrop
@Eigenpiexyz_io - Eigenlayer restaking protocol with its own presumed airdrop as well - https://www.eigenlayer.magpiexyz.io/?ref=0xf2355BE0e5a2d1C88584286d41A82FA71aDd0c0C
@KelpDAO - EigenLayer restaking protocol - lets you earn towards presumed EigenLayer airdrop and also earns you 'Kelp Points'
@RenzoProtocol - another EigenLayer restaking protocol with its own presumed airdrop - reflink: https://app.renzoprotocol.com/?ref=0x39058c94a6c6504917dd8baddbbda27c8d6a5794
@ether_fi - another EigenLayer restaking option with its own presumed airdrop
@DeBankDeFi and the DeBank L2 - rumors of possible airdrop, also same folks behind @Rabby_io wallet, create profile, deposit onto their L2
@PikeFinance - use to qualify for (presumed) airdrop and several other possible airdrops
@BungeeExchange - bridge to qualify for various potential airdrops
@JumperExchange - bridge to qualify for various potential airdrops
@deBridgeFinance - bridge to qualify for various potential airdrops
@PolyhedraZK - bridge tokens and mint + bridge NFT’s
@azuroprotocol - GambleFi project with (presumed) airdrop, deposit TVL such as USDT via Polygon
@ClipFinance - yield protocol on Linea
@StructFinance - Avalanche-based structured yields protocol
@Scroll_ZKP - ETH L2 presumed airdrop
@LineaBuild - ETH L2 presumed airdrop
@zksync - ETH L2 presumed airdrop
@modenetwork - new ETH L2 with presumed airdrop - https://ref.mode.network/Fx6b7N
@ElDoradoMRKT - cross-chain Maya ($CACAO) dex
@Hyperliquidx - perps dex with (presumed) airdrop... https://app.hyperliquid.xyz/join/REKTDIOMEDES
@aevoxyz - another cool appchain perps dex presumed to be doing an airdrop... https://app.aevo.xyz/r/Nervous-Grand-Schiff
@rabbitx_io - app-chain perps dex - use to potentially qualify for several airdrops - https://app.rabbitx.io/?ref=REKTDIOMEDES
Biggest TVL Movers + Else
Chains are very green for the third day in a row. Top 50 chains up at least 50% on the monthly include Sui (#10), PulseChain (#11), Aptos (#20), Algorand (#33), and Mode (#47).
Protocols are also quite green today. Protocols with at least $10M TVL up at least 10% on the daily include Merlin’s Seal (categorized as a ‘Farm’ protocol on Bitcoin), Injective dex Helix, ETH Mainnet liquid-staking project Liquid Collective, uncategorized ETH Mainnet protocol stake(dot)link, Stacks liquid-staking project StackingDAO, and multichain (EVM) synthetics protocol Outcome Finance.
Here’s The Top 12 Fastest-Growing Chains By TVL On The Weekly (from @DefiLlama):
Here’s The Top 12 Fastest-Growing Protocols By TVL On The Weekly (from @DefiLlama - note: this one has a minimum TVL filter so only includes protocols with at least $1M TVL):
Here’s The Top 12 Entities By 24 Hour Fee Generation (from @DefiLlama):
Top Trending Tokens (from @dexscreener, 24 hour timeframe):
Bitcoin Fear/Greed Index:
(from @BitcoinFear)
Ethereum Fear And Greed Index
(from @EthereumFear):
New Projects
(note: this includes new projects we find through combing Twitter each day, and we also include every (newly launched) protocol added by @DefiLlama - hence disclaimer: these are not pre-vetted by us so make sure to DYOR!)
-Something new called @looty_fi. Twitter bio states “We Only Win!” Followed by 12 of our mutuals. h/t @Traderjoe_xyz:
-New options protocol called @Juice_Finance. Twitter bio states “A disruptive Cross-Margin DeFi account to enhance yield on Blast. Airdrop for early users 🫡 Built on @blast_L2 by the @Omega_Infra team.” Followed by 11 of our mutuals.
-Something new called @omnichain404. Twitter bio states “The first Omnichain implementation of ERC404's, powered by @LayerZero_Labs and @Pandora_ERC404 #O404 lives on $ETH, $ARB, $OP, $BASE, and $AVAX”. Followed by 11 of our mutuals. h/t @toffee248:
-New project called @AkkoProtocol. Twitter bio states “Restaking...more to come”. Followed by 5 of our mutuals. h/t @AresLabs_xyz:
-New project called @Re_Squared. Twitter bio states “Bringing restaking to a multi-chain world.” Followed by 5 of our mutuals. h/t @AresLabs_xyz:
Security Alerts
-Daily Reminder: Twitter (and other social media) is being absolutely inundated with scams and links to fake versions of popular defi protocols - please make sure to be EXTREMELY hyper-vigilant and triple-check before interacting with anything!
-Security thread from @blowfishxyz on novel security threat to be aware of on Solana:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (all types, $1M+ TVL) and @stable_fish - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Important News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-Top crypto tokens are still substantially below their previous all-time high’s, despite stock market hitting price discovery, h/t excellent thread from @osf_rekt (click below to read rest of it):
-Chainlink hits $20 as overall crypto prices continue to climb:
-Pudgy Penguins floor price hits 20 ETH, h/t@DegenerateNews:
-Historic Bitcoin returns per year, h/t @charliebilello:
-Farcaster continues to gain traction, h/t @0xjaypeg:
-GameFi category down 17% vs $BTC so far this year as majors continue to dominate, h/t excellent thread full of interesting data from @Flowslikeosmo:
-@TradeVoodoo released a compensation plan re: its recent LBP:
-Increasingly bullish consensus on Bitcoin ETF flows:
-New ETH L2 @Scroll_ZKP getting increasing attention within airdrop meta, h/t @Axel_bitblaze69 (click to read rest of long-form tweet/thread):
-Wise sentiments from @lBattleRhino:
-More tokenless protocols to potentially explore, h/t @Faycytw:
-Latest weekly macro overview from Joseph Wang @FedGuy12:
-New interview with @RobinsonBurkey, co-founder of Wormhole (which just announced their token/impending airdrop) from @DeFi_Dad:
-Overview of some of the biggest current stories/topics in defi from @CamiRusso at @DefiantNews:
-New discussion with tradfi investing legend @hkuppy on second half of the latest Market Huddle podcast (his segment starts at 1:03:54 mark):
-Parting wisdom c/o @ayyyeandy:
Conclusion
Happy Sunday good frogs! Stay alert out there and enjoy the positive price action!
And please RT/subscribe/etc if you found this valuable!
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Note
Lots of exciting stuff happening with @silentdao_ friends!
Our editor @rektdiomedes has been helping bang the drum about what the gents at @silentdao_ have been building, and things are starting to heat up!
Once again, Silent is middle-ware privacy/encryption project designed to facilitate composable privacy solutions within the EVM itself... Make sure to follow the official @silentdao_ Twitter account so you don’t miss any important updates!
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***Note On Material: The ‘Spotlight’ section (and ‘Note’ sections and info on our Official Monthly Sponsor if applicable) 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.