Happy Friday good degens! Huge Bybit hack and tons of other stuff going on!
Let’s dive in!
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: $3.37T
Gold: $2952.60
Oil (WTI): $71.05
US 10Y Treasury: 4.46%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Huge news from our friends at @Cod3xOrg - who have officially released their $CDX/Cod3x token!
As stated in the official article:
“On Monday, we released about 50% of the Cod3x token to the public at $5m FDV. Nearly 5500 people were airdropped tokens, resulting in over 15,000 transfers and $5m in trading volume.
No vesting. No VC. No MM. 5 years of tireless work...”
As a reminder, Cod3x is a fully hosted AI agent creation platform in an easy-to-use web app- and much more- from legendary defi builder @0xBebis_ and co…
As stated in the article below, Cod3x is to the AI market as Wordpress was to websites or Shopify was to e-commerce… and is poised to revolutionize the entire nascent crypto x AI sector!
Follow Bebis and Cod3x on Twitter for more alfa on everything Cod3x is shipping… and watch out for further updates as we continue highlighting everything they are shipping!
Biggest TVL Movers + Else
Chains are quite green today. Top 25 chains up at least 20% on the weekly include Berachain (#7), and Sonic (#13).
Protocols are also quite green. Top 50 protocols up at least 20% on the weekly include Infrared Finance (#27), and Stargate Finance (#29).
Here’s The Top 12 Fastest-Growing Chains By TVL On The Weekly With At Least $1M TVL (from @DefiLlama):
Here’s The Top 12 Fastest-Growing Protocols By TVL On The Weekly With At Least $1M TVL (from @DefiLlama):
Here’s The Top Entities By 24 Hour 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!)
-A new dex on Sui called @steammfi has been added to @DefiLlama. Twitter bio states “Superfluid AMM by @suilendprotocol . Now LIVE in beta!” Followed by 11 of our mutuals.
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (all types, $1M+ TVL) - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Important News And Analysis
-Bybit has apparently been hacked, with news still emerging about exactly what happened but the total loss being in the billions, and even mainstream non-crypto accounts discussing it:
-Reminder that you can track Bybit flows and balances live on @DefiLlama via their cex transparency dashboard, h/t @Dynamo_Patrick:
-Morning headlines from @Tyler_Did_It:
-Much bullish sentiment regarding dismissal of Coinbase lawsuit, example c/o @crypto_condom:
-Many defi users are discovering they qualified for the @StoryProtocol airdrop without realizing it (especially those who qualified for Kaito airdrop but others too apparently), huge h/t to @CirrusNFT on this - note: @StoryProtocol is the official Twitter account, token is $IP/Story, and its an EVM chain so you can claim with a Metamask wallet (not sure if Rabby supports it yet), and top dex’s on Story are @PiperxProtocol and @0xStoryHunt (get full list for Story protocols on @DefiLlama) and as always be incredibly hypervigilant checking and claiming airdrops!
-$KAITO price has rebounded after initially falling post-airdrop, but less than half of it has been claimed so far interestingly, h/t @cryppinfluence:
-Kaito founder @Punk9277 on the platform’s future post-airdrop:
-Binance listing alfa from @WuBlockchain re: B3, FLUID, VVV, TOKEN, CPOOL, and DRIFT:
-Additional defi headlines from @TheDeFinvestor:
-Big post of random airdrop + etc alfa from @katexbt:
-Sonic continues to emerge as one of the biggest recent crypto success stories, h/t @TheDeFinvestor:
-American crypto holders continue to speculate regarding the possibility of Trump actually getting rid of the IRS:
-New video on everything airdrop-related from @KryptoCove:
-New Bloomberg interview with Treasury Secretary Scott Bessent that is generating lots of attention:
-New video from @phtevenstrong and @Dynamo_Patrick on the nascent defi explosion we are seeing:
-New roundtable from @thebellcurvepod featuring Berachain founder @SmokeyTheBera:
-New roundtable from @Blocmatesdotcom discussing everything going on in crypto:
-New weekly roll-up from @BanklessHQ featuring special guest Kain Warwick:
-Parting thoughts from @Jebus:
Conclusion
Have a great Friday and stay alert out there friends!
And please RT/subscribe/etc if you found this valuable!
-
-
Note
Important update from our official sponsor @vertex_protocol to be aware of friends!
They have just released their new ‘Isolated Margin’ option for perps traders!
As per the thread below:
“What is Isolated Margin?
With Isolated Margin, you allocate margin to a specific position, instead of sharing it across your entire account.
This gives you more control, better risk management, and clearer liquidation pricing.
Cross vs. Isolated
By default, Vertex is fully cross margined - meaning all positions share margin & changes in a trade affect the entire account.
With isolated margin - each position has its own dedicated margin, meaning risk is contained to that trade alone.”
As previously stated, 2025 is poised to be a huge year for Vertex, as they plan to hit 25 different chains by the end of the year via their revolutionary omnichain liquidity infra @EdgeLayer, so make sure to follow them on Twitter for more updates, and get started trading 60+ perps and spot markets now at app.vertexprotocol.com!
-
-
***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.