Happy Thursday good frogs! Tons of stuff going on!
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: $2001.89
Oil (WTI): $76.42
US 10Y Treasury: 4.197%
Stocks ($SPY as proxy): +0.91%
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 again today. Only top 50 chains that are red on the weekly are Base (#13), DefiChain (#31), Algorand (#35), Astar (#41), and Canto (#47).
Protocols are also quite green today. Only top 100 protocols red on the weekly are Stargate (#56), Lista DAO (#65), Aerodrome (#84), and Mountain Protocol (#85).
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 Token-Holders’ 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 @h1blast. Twitter bio states “The First Liquid Staking Protocol on Blast.” Followed by 7 of our mutuals.
-Something new called @orbitronlabs. Twitter bio states “A hardware availability layer: Democratize access to virtualization”. Followed by 4 of our mutuals. h/t @twindoges:
-Something new called @OrbeSwap. Twitter bio states “First RollApps #DEX on @dymension Powering the Internet of RollApps”. Followed by 2 of our mutuals. h/t @twindoges:
-A new project listed as a dex on ETH Mainnet has been added to @DefiLlama called @blueprintfi_eth. Twitter bio states “The ONLY gas-efficient ve(3,3)+ on @ethereum | Launching February 8 | Yield-Squared for LPs”. Followed by 26 of our mutuals.
-Previously-mentioned lending protocol on BSC called @0xHarborMarket has been added to @DefiLlama. Twitter bio states “Decentralized lending protocol on BNBChain...” Followed by 10 of our mutuals.
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!
-No security alerts today.
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (all types, $1M+ TVL 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)
-Social media attention on crypto continues to seriously lag price action as Bitcoin is less than 20k away from a new all-time high, h/t @milesdeutscher:
-Narrative alfa c/o @thedefivillain:
-Lot of focus on decentralized social media platform Farcaster and $DEGEN the last few days, h/t @0xjaypeg (click for rest of long-form tweet):
-@CoWSwap announces new AMM which is generating much attention, h/t @rpahlmeyer:
-$TIA liquid-staking platform @milky_way_zone announces points program, h/t @CoinBeatsxyz:
-Bitcoin L2 Stacks/$STX generating much attention, h/t @cburniske:
-Market thoughts from @chiefingza:
-Some airdrop alfa c/o @Prithvir12:
-Interesting thread crypto/macro/strategy thread from @0xTexasHedge (click to read rest of long-form tweet):
-New interview with Monad co-founder @keoneHD from @DeFi_Dad and @edge_pod:
-New video from @TaikiMaeda2 on the Starknet airdrop, other airdrops he’s focused on, and more:
-Full video of Gary Gensler’s appearance on CNBC that generated much attention yesterday:
-New interview with @samkazemian on Frax’s upcoming L2, c/o @FlywheelDeFi:
-New video on everything going on in the Cosmos ecosystem, $TIA, $DYM, etc from @Cryptocito:
-Sentiments from @yugacohler:
-Parting wisdom c/o @jake_pahor:
Conclusion
Have a great Thursday friends!
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.