Happy Sunday friends! Let’s get after it!
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: $2012.99
Oil (WTI): $79.19
US 10Y Treasury: 4.281%
Stocks ($SPY as proxy): N/A
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Exciting things happening with Avalanche-based structured yields protocol @StructFinance good degens! If you are an Avalanche fan or *airdrop enjoyoor* make sure to check out their latest announcement!
“Our unique ASC20 Inscriptions are more than just collectibles; they are a gateway to exclusive rewards and a testament to your commitment to innovation and growth within the Avalanche ecosystem...
…As we gear up for the token airdrop in early 2024, holding an Inscription not only enhances your digital portfolio but also aligns you directly with the prosperity of our community…”
We’ve been helping spread the word about everything the gents at Struct have been working on, so make sure to follow them at @StructFinance and also follow @structasc20 so you don’t miss any *very important alerts* regarding the above!
Biggest TVL Movers + Else
Chains are quite green today. Top 50 chains up at least 50% on the monthly include Sui (#10), Aptos (#19), Stacks (#30), Telos (#42), and Mode (#47).
Protocols are also quite green today. Top 100 protocols up at least 100% on the monthly include Eigenlayer (#4), Pendle (#20), Magpie Ecosystem (#35), Kelp DAO (#42), Renzo (#51), Liquid Collective (#72), Equilibria (#82), Scallop (#88), and NAVI Protocol (#94).
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):
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 @pinecorexyz. Twitter bio states “infrastructure tools for autonomous worlds”. Followed by 4 of our mutuals. h/t @thealphadigest:
-Something new called @asterixlabs. Twitter bio states “Unlocking new possibilities of digital ownership. Defining the standards for the future. Powered by DN404.” Followed by 21 of our mutuals. h/t @thealphadigest:
-New @berachain lending protocol called @beraborrow. Twitter bio states “Coming Thoon.” Followed by 13 of our mutuals. h/t @thealphadigest:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama ($1M+ TVL, single-exposure, no-IL only) and @stable_fish - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Security Alerts
-Daily Reminder: Twitter (and other social media) is being absolutely inundated with scams and links to fake versions of popular defi protocols - please make sure to be EXTREMELY hyper-vigilant and triple-check before interacting with anything!
-The following security alert was just posted by @officer_cia re: @FixedFloat:
Important News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-Narrative/ticker alfa c/o @TheDeFinvestor:
-Lot of talk about flows/timeframes since the ETF’s were approved, sample from @QwQiao below:
-Home prices still hot in US despite ongoing high interest rates, from good thread from @BiancoResearch:
-On-chain perps volumes have already surpassed their high from the last bull run, h/t @Dynamo_Patrick:
-Bittensor/$TAO continues to generate massive attention, good (free) 50 page report on it from @ReveloIntel below:
-More $TAO-related thoughts, c/o @sandraaleow:
-Airdrop-alfa from @crypthoem:
-More airdrop-alfa c/o @info_insightful:
-Very in-depth thread re: speculation of how zkSync airdrop distribution will be set up, c/o @heycape_:
-Interesting thread from @0xTexasHedge on the advantages retail traders have in the current market environment (would add that in on-chain defi smaller players also benefit from their ability to enter trades and ecosystems earlier than whales who require more liquidity for it to be viable):
-Important reminder from @cyrilXBT:
-Arthur Hayes @CryptoHayes did an interview with the @coinbureau channel:
-Weekly macro update from Joseph Wang @FedGuy12:
-Weekly roll-up video from @BanklessHQ going over several dozen of the top stories in crypto right now:
-Parting wisdom c/o @heartereum:
Conclusion
Happy Sunday friends! Stay alert and hypervigilant out there!
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.