Happy Friday good degens! Tons of stuff going on today!
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 @CryptoBubbles):
Gold: $2000.92
Oil (WTI): $77.83
US 10Y Treasury: 4.311%
Stocks ($SPY as proxy): +0.69%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
As the EigenLayer hysteria heats up, our friends at @KelpDAO are at the heart of it, bringing big rewards to restaking enjoyoors!
Once again, @KelpDAO is an extremely cool new project based around an LRT (liquid restaking token) solution on EigenLayer called $rsETH!
As detailed below, they are currently offering numerous incentives for restakers and for those referring restakers to their platform!
We’re helping raise awareness about all their efforts so make sure to follow the official @KelpDAO account on Twitter for more updates!
Biggest TVL Movers + Else
Chains are mixed today. Biggest gainer on the daily among top 50 chains is Stacks (#30) at +25.79%, and biggest loser is DefiChain (#33) at -8.40%.
Protocols are mostly green today. Biggest gainer on the daily among top 100 protocols is Equilibria (#82) at +11.88%, and biggest loser is JustLend (#5) at -6.08%.
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 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!)
-New decentralized music project called @OscillatorInc. Twitter bio states “0xOSC”. Followed by 5 of our mutuals. h/t @AresLabs_xyz:
-New Bittensor-related project called @Gradient_GDT. Twitter bio states “Your go to liquid staking for the TAO network. Stake wTAO, receive swTAO, and amplify your earnings. Bridging DeFi to TAO – one validator at a time.” Followed by 11 of our mutuals.
-Something called @sentient_agi. Twitter bio states “Coming Soon...” Followed by 5 of our mutuals. h/t @AresLabs_xyz:
-New project on Solana called @crediblefin. Twitter bio states “Invest in private credit markets backed by real-world collateral 🚀 Earn up to 16% APY in USDC with the flexible tenor on @solana...” Followed by 2 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!
-Good security reminder c/o @Pentosh1:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (all types, $10M+ 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)
-PPI (inflation) numbers just came out:
-Latest Coinbase earnings report came out yesterday, with the company significantly beating estimates:
-Another important note from the Coinbase earnings report, h/t @Architect9000:
-Current market sentiments from @TheFlowHorse:
-Interesting data on airdrop odds from @Polymarket:
-Current narrative/ticker alpha from @TheDeFinvestor:
-New Bitcoin L2 Merlin Chain has been getting attention on the TL, h/t @DeFiMann:
-Interesting comments from Christopher Waller at the Fed, h/t @pythianism:
-Good thread on what’s been going on with @GMX_IO from @SniperMonke01:
-Interesting data on historic Bitcoin/NASDAQ correlation from @donnelly_brent:
-Excellent thread of market/cycle thoughts from @degentradingLSD:
-Interesting thread on the subject of airdrops from @jonwu_:
-More gem hunting from @grantblocmates and @jediblocmates at @blocmatesdotcom:
-More good airdrop info from @KyrptoCove:
-Parting wisdom c/o @CryptoKoryo:
Conclusion
Happy Friday good degens!
And please RT/subscribe/etc if you found this valuable!
-
-
***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.