Happy Wednesday and Happy Valentines Day friends! Exciting times!!!
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: $1991.56
Oil (WTI): $78.01
US 10Y Treasury: 4.308%
Stocks ($SPY as proxy): -1.38%
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
@ElDoradoMRKT - cross-chain dex built on Maya Protocol ($CACAO)
@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
@ryskfinance - ETH L2 options project with presumed airdrop
@LogX_trade - perps dex on variety of ETH L2’s with upcomingg airdrop
@Hyperliquidx - perps dex with (presumed) airdrop... https://app.hyperliquid.xyz/join/REKTDIOMEDES
@aevoxyz - another 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 quite green today. Top 30 chains up at least 20% on the weekly include Sui (#10), PulseChain (#11), Ronin (#19), Thorchain (#22), Rootstock (#24), and Near (#29).
Protocols are also very green today. Top 50 protocols up at least 30% on the weekly include EigenLayer (#5), Pendle (#20), etherfi (#22), Puffer Finance (#26), KelpDAO (#43), and Sushi (#44).
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 Revenue (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!)
-New project called @ambitfinance. Twitter bio states “cross-chain decentralized stablecoin protocol. $AUSD as fungible primitive, designed to generate organic yields. Backed by @BinanceLabs. Be Ambitious.” Followed by 26 of our mutuals. h/t @sphere_cm:
-Something new on Solana called @lehvault. Twitter bio states “Solana’s first Hybrid DeFi Protocol.” Followed by 4 of our mutuals. h/t @toffee248:
-New project on @Blast_L2 called @dropletdao. Twitter bio states “Droplet DAO - NFT Liquidity Bonding Coming Soon To BLAST”. Followed by 4 of our mutuals. h/t @AresLabs_xyz:
-Something new called @Portikus_. Twitter bio states “Bringing decentralization to intents DeFi protocols Built by @ParaSwap”. Followed by 16 of our mutuals. h/t @AresLabs_xyz:
-Something new called @ChasmNetwork. Twitter bio states “Accelerating Decentralized AI. @WeavePlatform”. Followed by 13 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!
-Important security thread from @Hercules_Defi:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama ($1M+ TVL, single-exposure, and no-IL only) 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)
-Long-anticipated Starknet airdrop is dominant story of the day, h/t @WuBlockchain:
-Inflation numbers came in slightly hotter than anticipated yesterday:
-Analysis on above from macro gigabrain @WarrenPies:
-Total crypto market cap once again above $2T:
-Some current top-performers c/o @thedefivillain:
-Very strong ETF numbers continuing to generate attention, h/t @0xfoobar:
-Market currently pricing in expectation of 4 interest rate cuts from Fed this year, h/t @charliebilello:
-Newest Coinbase earnings report will be this Thursday February 15th, catalyzing much speculation on what their numbers will be, h/t @kunalgoel:
-Reminder for Celestia/$TIA stakers to claim your @alt_layer airdrops by Friday (as always please triple check all links and only navigate via trust sources!):
-New thread on Dymension/$DYM from @jake_pahor as part of his ongoing deep-dive research series:
-Wise thoughts from @crypthoem:
-New video from @BobLoukas on the market and the possibility of a “left-translated cycle” (where we top sooner basically):
-New macro interview with Danny Dayan from @JackFarley96 at @Blockworks_:
-New discussion between @grantblocmates and @ayyyeandy:
-New AI/DePin video from @0xMughal:
-Parting crypto (and life) wisdom from @wronguser000:
Conclusion
Have a great Wednesday friends and stay alert out there!
And please RT/subscribe/etc if you found this valuable!
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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.