Happy Tuesday 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: $3.22T
Gold: $2949.80
Oil (WTI): $71.67
US 10Y Treasury: 4.527%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Lots of interesting stuff in the new Vertex Edge stats dashboard good anons!
It contains all sorts of data regarding @vertex_protocol and their omnichain liquidity system @EdgeLayer!
As an example, the top chains by 24 hour volume for Vertex right now are, in order:
-Sei at $67.1M
-Arbitrum at $38.9M
-Mantle at $9.53M, and
-Sonic at $7.83M
Make sure to learn more by accessing the stats here and follow Vertex on Twitter for more updates!
Biggest TVL Movers + Else
Chains are mostly red today. Only top 50 chains up at least 10% on the monthly are Hyperliquid (#13), Sonic (#16), ZKsync Era (#28), and Verus (#47).
Protocols are also mostly red today. Only top 50 protocols up at least 10% on the monthly are Royco Protocol (#14), Stargate Finance (#31), CIAN Protocol (#45), and Fluid (#46).
Here’s The Top 12 Fastest-Growing Chains By TVL On The Weekly With At Least $10M TVL (from @DefiLlama):
Here’s The Top 12 Fastest-Growing Protocols By TVL On The Weekly With At Least $10M TVL (from @DefiLlama):
Here’s The Top Entities By 24 Fee Generation (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!)
-New/newish project called @KnightradeTeam has been added to @DefiLlama, categorized as a managed token pools protocol on Solana. Twitter bio states “A new way to trade. Available on DRIFT.” Followed by 2 of our mutuals.
-New project called @CadabraFinance has been added to @DefiLlama, categorized as a yield aggregator on BSC and Arbitrum. Twitter bio states “New way to earn by providing liquidity. Farming + Yield Aggregation + ve(3,3) = Earning Magic. Boost yields, automate manual actions, save gas and your time.” Followed by 1 of our mutuals.
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (all types, $25M+ TVL) - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Important News And Analysis
-Morning headlines from @Tyler_Did_It:
-More headlines from @cryptoIntegrat:
-Sentiment on crypto-twitter the lowest its been since August of last year, h/t @sandraaleow:
-Interesting $BTC analysis from @DaanCrypto:
-There appears to be an old-school yield farming renaissance taking place on Sonic, h/t @zethesx:
-Lot of focus on the burgeoning ‘white collar recession’, as staff cuts and the rise of AI and global remote work create the perfect storm affecting high paying white collar jobs in the US, h/t @KobeissiLetter:
-The RWA narrative is a rare bright spot right now, with RWA assets on-chain hitting a new all-time high, h/t @TheDeFinvestor:
-Climbing Japanese bond yields generating attention in macro world, h/t @zerohedge:
-Interesting stat on Bitcoin ETF’s, h/t @Matt_Hougan:
-Coinbase apparently believes that 0.5% of global GDP is currently handled on chain, and that that number will grow exponentially over the next five years, from excellent thread from @jack_anorak:
-Crypto-adjacent wisdom from @Thomas_Salamus_:
-New analyst roundtable from @blocmatesdotcom discussing Berachain, dTAO, HyperEVM, and more:
-New @coinbureau video on dex’s, DeFAI, and more:
-New @Jesseeckel video on Akash/$AKT:
-Parting wisdom from @RaoulGMI:
Conclusion
Happy Tuesday friends! 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.