Happy Monday good degens! 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: $3.29T
Gold: $2909.40
Oil (WTI): $71.10
US 10Y Treasury: 4.478%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Reminder that the crew at @vertex_protocol just listed perps for $S- the flagship token of Sonic- the Fantom revamp from @AndreCronjeTech!
Vertex also recently deployed to Sonic itself, and is now providing all its popular offerings on it:
- Spot, perpetuals, and money markets.
- Deep, unified liquidity
- Cross-margined accounts
- Lightning-fast execution
- Minimal fees for maximum impact
Sonic is just the latest addition for Vertex… who have recently deployed on Sei and Base and Abstract and Botanix- as well as Berachain via @brotrade_DEX !
You can also earn Sonic Points & Gems via the above, so make sure to learn more in the tweet below and follow Vertex on Twitter for more updates!
Biggest TVL Movers + Else
Chains are mostly green today. Only 25 chain green on all three timelines (daily, weekly, monthly) is Sonic (#16).
Protocols are also mostly green today. Top 25 protocols green on all three timelines (daily, weekly, monthly) include Pendle (#9), Morpho (#12), Royco Protocol (#14), and KernelDAO (#19).
Here’s The Top 12 Fastest-Growing Chains By TVL On The Weekly With At Least $100M TVL (from @DefiLlama):
Here’s The Top 12 Fastest-Growing Protocols By TVL On The Weekly With At Least $100M TVL (from @DefiLlama):
Here’s The Top Entities By 24 Hour Revenue (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 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 @Clustr_Labs. Twitter bio states “AI research lab building the first neural colony of 1m+ AI agents. Build, train, tokenize and monetize AI agents in our nation-scale ecosystem.” Followed by 23 of our mutuals. h/t @boz_menzalji:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (single-exposure, no-IL, $25M+ TVL) - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Important News And Analysis
-The snapshot for the Kaito airdrop was apparently taken at 4 am UTC this morning, h/t @alpha_pls:
-Lots of focus on pre-market trading of Kaito token, with Drift Protocol rolling out support for it earlier today, h/t @airtightfish:
-@0x_ultra uncovered some very interesting alfa on the Kaito tokenomics and future vision of the platform from its recent Github commits, one example tweet (of several) below:
-Fallout of the Milei/$LIBRA memecoin stuff continues to dominate discussions on the TL, with one of the involved parties making a controversial appearance on the Coffeezilla show last night, h/t @rektmando for the summary of everything:
-$SOL sentiment negative right now in response to all the heated debate over the above, h/t @sandraaleow:
-Related continued debate over whether Solana or Base is the best place for new projects to launch, example c/o @game_for_one below:
-Lots of focus in macro circles on the prospect of DOGE auditing the gold at Ft Knox, h/t @SantiagoAuFund:
-Security alert re: Eliza Labs/ai16z founder @shawmakesmagic’s Twitter account, h/t @WuBlockchain:
-Lots of focus on potential impact of prospective ETH Staking ETF’s, h/t @tomwanhh:
-Interesting long-form thoughts from @cobie in the wake of all the debate about memecoins and the Milei/$LIBRA coin and etc:
-Random crypto thoughts and alfa from @0xBreadGuy:
-New @DaanCrypto video (published five hours ago) of TA and general market analysis:
-Here is the Coffeezilla interview with the Milei/$LIBRA coin person everyone is talking about:
-New macro video from Brent Johnson @SantiagoAuFund on the topic of a ‘US Treasury Gold Revaluation’:
-New @noahseidman crypto/macro livestream (currently airing live as we publish this):
-New Palmer Lucky interview is getting a lot of attention in tech + crypto circles:
-New livestream from the @coinbureau channel going over all the top stories in crypto (published two hours ago):
-Parting wisdom from @cobie:
Conclusion
Have a good Monday 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’ 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.