Happy Thursday good degens!
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: $2025.47
Oil (WTI): $77.69
US 10Y Treasury: 4.337%
Stocks ($SPY as proxy): +0.09%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Volumes at @muxprotocol keep hitting new ATH’s good anons!
Indeed, Mux just hit a new 7D ATH of $1.86B in volume as more and more perps traders flock to the platform!
As background, @muxprotocol- the ‘1Inch of perps’ - are utilizing the 6M ARB grant they received to reduce trading fees to zero… and continue to attract more and more traders as a result, as well as yield maximalists keen on taking advantage of the ‘RealYield’ paid in ETH to MUXLP and veMUX holders…
We are continuing to spread the word about everything the gents at Mux are doing, so make sure to check out their site to get started trading and/or LP’ing and follow them on Twitter for continued updates!
Biggest TVL Movers + Else
Chains are mostly green today. Top 30 chains up at least 30% on the weekly include Bitcoin (#5), Hedera (#28), and Stacks (#29).
Protocols are mostly green today as well. Top 100 protocols up at least 30% on the weekly include Merlin’s Seal (#23), Lista DAO (#59), GLIF (#65), and SaucerSwap (#100).
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):
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!)
-New project on @Blast_L2 called @fantasy_top_. Twitter bio states “what app is this?” Followed by 67 of our mutuals. h/t @0xjaypeg:
-Something new called @Zenith_farms. Twitter bio states “Ultimate Airdrop Automatization Tool Supports : Zksync, Scroll, Solana, more coming....” Followed by 25 of our mutuals.
-Something new called @RizzoValidator. Twitter bio states “Official marketing for the RIZZO Validator. Join the TAO revolution, stake confidently, fuel the marketing machine, and reap rewards. Delegate to RIZZO now!” Not followed by any of our mutuals. h/t @DreadBong0:
-A new lending protocol on Horizen EON called @Yuzu_Market has been added to @DefiLlama. Twitter bio states “Welcome to Yuzu, a simple, sustainable, and versatile money market exclusive to Horizen.” Followed by 8 of our mutuals.
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!
-Security reminder re: LastPass from @tayvano_:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (all types, $10M+ TVL) - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Important News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-Risks assets spiking upwards as Nividia beats estimates:
-Bitcoin has now hit a new ATH against 14 different global currencies, h/t @balajis:
-AI narrative continuing to heat up, h/t @blknoiz06:
-Retail (Coinbase) trading volumes still far below high’s of last bull market, h/t @WClementeIII:
-$100M investment in EigenLayer from Silicon Valley VC Firm Andreessen-Horowitz is generating attention, h/t @MingoAirdrop and @AlphaInsiders:
-Another dicey treasury auction, h/t @jameslavish:
-Additional crypto news c/o @0xSalazar:
-Massive new token alfa from @ayyyeandy for those of you looking for new projects to geek out on:
-Current real-time inflation data from @truflation:
-Important macro take from @Architect9000:
-Good thread on @ethena_labs $USDe- which continues to generate much attention- from @CurveCap:
-New video from @Blockworks_ with @qthomp on Coinbase earnings, Bitcoin ETF’s, potential ETH ETF’s, and other topics:
-New video devoted to the topic of Liquid Restaking from @BanklessHQ with short interviews with various LRT protocols:
-Airdrop alfa video c/o @0xMughal:
-More airdrop intel- on bridge-related airdrops- from @KryptoCove:
-New roundtable from @0xResearch on Ethena’s new $USDe, GMX multiplier points modifications, Pyth, and a number of other topics:
-Parting thoughts c/o @zhusu:
Conclusion
Happy Thursday good frogs! 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.