Happy Tuesday friends! Tradfi markets back open today! $ETH flirting with $3000 level! 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: $2030.22
Oil (WTI): $79.20
US 10Y Treasury: 4.279%
Stocks ($SPY as proxy): N/A
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Take note good degens! ZKX Pro Trade is now live on @Starknet Mainnet!
As background, @zkxprotocol is a gamified, omnichain perpetuals dex that we’ve been helping raise awareness about over the last year while they’ve been building…
Starting with $BTC, $ETH, $SOL and up to 20x leverage, Pro Trade will be ramping up with all sorts of options for traders over the course of this year!
Some additional alpha: “Trading on the Pro Trade makes users eligible for Airdrop 2.0, which includes 12.1M ZKX Token…” and “7M tokens (out of 18%) are allocated from Trading Incentives to bootstrap the DEX during the Mainnet Launch Campaign…”
There are way more cool details as well, so make sure to check out the full thread below, follow ZKX on Twitter for more info, and get started via their site now!
Biggest TVL Movers + Else
Chains are mostly green today. Top 100 chains up at least 5% on the daily include Kava (#16), Injective (#47), Meter (#80), Archway (#89), Vision (#95), and Alephium (#98).
Protocols are also mixed today. Protocols with at least $10M TVL up at least 20% on the daily include Kava cdp protocol Kava Mint, multichain yield protocol Belt Finance, and uncategorized Injective protocol Dojoswap.
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 Revenue Generation (from @DefiLlama):
Top Trending Tokens (from @dexscreener, 24 hour timeframe):
Bitcoin Fear/Greed Index:
(from @BitcoinFear)
Ethereum Fear And Greed Index
(from @EthereumFear):
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (all types, $1M+ TVL) and @stable_fish - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
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 @Frontrun_market. Twitter bio states “Trade Points, Airdrop Allocations, Pre-Market tokens and NFT Whitelists. Launching Feb 2024 on @blast_l2”. Followed by 7 of our mutuals. h/t @toffee248:
-Something new called @monadbrain. No Twitter bio but followed by 23 of our mutuals. h/t @toffee248:
-New project being built on @Blast_L2 called @FragmentFi. Twitter bio states “The native liquidity layer and lending protocol of @Blast_L2 .” Followed by 11 of our mutuals. h/t @Beacon_Early:
-New Sei dex called @belugasdefi. Twitter bio states “The first decentralised money market for lenders and borrowers on SEI Blockchain.” Followed by 2 of our mutuals. h/t @Beacon_Early:
-New Sei-related project called @AntSwap_. Twitter bio states “Building the best place to jump into everything @Seinetwork. Powered by @TheColonyNFT__”. Followed by 3 of our mutuals. h/t @Beacon_Early:
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!
-No security alerts today.
Important News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-Launch of @ethena_labs and the 27% yield on its stablecoin currently dominating crypto discussions:
-Good one paragraph summary of it from @WClementeIII:
-Good short thread on it from @0xjaypeg:
-EigenLayer continuing to gain momentum, h/t @ayyyeandy:
-Interesting @WuBlockchain analysis alluding to some potential airdrops we haven’t seen mentioned much:
-MAG7 and big tech concentration continue to dominate discussion in tradfi world, h/t @Schuldensuehner:
-Interesting tweet from @CryptoKoryo on potential new ‘Identity Narrative’:
-ETH L2 @0xMantle generating a lot of buzz, good commentary/synopsis from @zerototom below:
-Interesting protocol thread and illustration of the evolving airdrop meta c/o @WagameEth:
-Fatalistic bullishness on the macro picture c/o @noahseidman:
-Interesting thoughts from @qthomp on potential coming ETH outperformance vs BTC:
-Latest ETH technical updates from @sassal0x and The Daily Gwei:
-Latest Cosmos ecosystem news/updates from @Cryptocito:
-Parting wisdom c/o @Zeneca:
Conclusion
Happy Tuesday good degens! Let’s get after it!
And please RT/subscribe/etc if you found this valuable!
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***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.