Happy Monday good degens! Lots 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: $2016.65
Oil (WTI): $79.30
US 10Y Treasury: 4.281%
Stocks ($SPY as proxy): N/A
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!)
@Rabby_io wallet - earn points for presumed airdrop, start new wallet or migrate old MM wallets over to it, utilize their internal swap feature, etc. 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
@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
@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 upcoming 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 mostly green today. Top 30 chains up at least 20% on the weekly include Bitcoin (#5), Aptos (#19), and Hedera (#30).
Protocols are also mostly green today. Protocols with at least $100M TVL up at least 50% on the weekly include Merlin’s Seal, SaucerSwap, and Kinza Finance.
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 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!)
-Something new called @crestalnetwork. Twitter bio states “Omni Programmable DA for all decentralized use cases”. Followed by 7 of our mutuals. h/t @thealphadigest:
-Something new called @OffxTech. Twitter bio states “Building the center for the next generation of private markets in crypto”. Followed by 10 of our mutuals. h/t @twindoges:
-New project on Aptos called @superp_fi. Twitter bio states “xChain xAsset institutional borrow/lend | Launching on @Aptos_Network soon! powered by @on_concordia”. Followed by 3 of our mutuals. h/t @twindoges:
-Something new called @gmci_. Twitter bio states “GMCI brings expertise, innovation and market liquidity to the forefront of digital asset indexing.” Followed by 19 of our mutuals. h/t @twindoges:
-Something new called @PotatoSwap_Fi. Twitter bio states “Discover Liquidity. Or Potatoes. Or probably a DEX + Launchpad natively built for the @X1_Network ecosystem.” Followed by 5 of our mutuals. h/t @AresLabs_xyz:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama ($10M+ TVL, single-exposure, no-IL only) and @stable_fish - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Security Alerts
-Daily Reminder: Twitter (and other social media) is being absolutely inundated with scams and links to fake versions of popular defi protocols - please make sure to be EXTREMELY hyper-vigilant and triple-check before interacting with anything!
-Important security alert from @Rabby_io:
Important News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-US markets are closed today, h/t @tedtalksmacro:
-AI tokens appear to be the dominant narrative right now, h/t @coingecko:
-Sam Altman’s Worldcoin ($WLD) has been surging in price and generating much attention, h/t @decryptmedia and @Loopifyyy:
-DePin narrative also starting to get some attention, h/t @HighCoinviction:
-Macro schedule for the week ahead, c/o @KobeissiLetter:
-Airdrop schedule for the week ahead, c/o @CC2Ventures:
-Interesting tweet from Vitalik:
-Aave still at over 50% market share among lending protocols:
-Interesting story re: Y Combinator seeking stablecoin startups, h/t @Blockworks_:
-Some Coinbase/$COIN alfa from @CoinbaseDuck (basically, their shift to FASB accounting going forward should mean their Q1 2024 earnings will surge even higher vs the Q4 2023 earnings they just reported):
-Excellent thread full of stats on restaking/EigenLayer from @CryptoKoryo (sample below):
-Another good airdrop video from @KryptoCove:
-New macro video from Brent Johnson @SantiagoAuFund and crew:
-Very in-depth ‘2024 Airdrop Farming Guide’ from @drakeondigital:
-Parting (bullish) sentiments c/o @Pentosh1:
Conclusion
Happy Monday degens! Stay alert 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.