The Daily Degen- February 24th, 2024
All of today's news/data/alerts...
Happy Saturday friends! Weekends are for getting after it! 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: $2035.57
Oil (WTI): $76.49
US 10Y Treasury: 4.248%
Stocks ($SPY as proxy): +0.069%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Greetings good degens!
A new project called Shutter Project is getting ready to have its LBP on @FjordFoundry!
Here is the rundown on them:
“Our on-chain activity matters. How can we protect ourselves from malicious MEV, censorship and vote manipulation?
Enter Shutter Project, a pioneering solution that uses innovative threshold cryptography to safeguard transactions and ensure integrity; easily plugged into any smart contract.
ShutterDAO 0x36 oversees revenue collection, estimated at $50M - $4.7B annually.
Become a Shutter DAO 0x36 member today and Shutter Token (SHU) holder by participating in the SHU Liquidity Bootstrapping Pool here.”
The LBP is currently live so make sure to check it out if interested!
Note: This Spotlight is part of our partnership with @TailoredWeb3 from our friend @JiraiyaReal
Biggest TVL Movers + Else
Chains are mostly green today. Only top 50 chains red on the monthly are DefiChain (#36), Astar (#44), and Canto (#49).
Protocols are mostly green today. Only top 50 protocols red on the weekly are JustLend (#5), Marinade (#25), Jito (#30), Benqi (#41), marginfi (#43), and Kamino (#50).
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 includes a minimum TVL filter so only includes projects with at least $1M TVL):
Here’s The Top 12 Entities By 24 Hour Fee Generation (from @DefiLlama):
Bitcoin Fear/Greed Index:
(from @BitcoinFear)
Ethereum Fear And Greed Index
(from @EthereumFear):
Crypto Volatility Index
(from @CVIdaily):
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 called @RelayProtocol. Twitter bio states “Low cost, instant bridging and cross-chain execution. Built by @reservoir0x”. Followed by 12 of our mutuals.
-New project called @zktensorlab. Twitter bio states “build #zk on #bittensor”. Followed by 4 of our mutuals.
-New project called @Architex_ai. Twitter bio states “Architex is a mining layer targeting blockchains and AI networks through their decentralized ASIC & GPU hardware infrastructure: BTC, Bittensor and Morpheus AI.” Followed by 19 of our mutuals. h/t @AresLabs_xyz:
-New project called @payy_link. Twitter bio states “🎾 Payy globally. Fast, free & private. Launching Feb 29. 🚨 $100k drop at ETH Denver, follow to be eligible. Powered by @polybase_xyz”. Followed by 7 of our mutuals. h/t @AresLabs_xyz:
-New project listed as a bridge on Bitcoin called @brc20roup has been added to @DefiLlama. Twitter bio states “#BRC20 Cross-chain is the Future.” Followed by 5 of our mutuals.
-New yield aggregator on Arbitrum called @goatfidao has been added to @DefiLlama. Twitter bio states “The place to autocompound your crypto 🐐”. Not followed by any of our mutuals.
-New dex on Viction called @MoriProtocol has been added to @DefiLlama. Twitter bio states “All-in-one DEX natively built on VICTION”. Followed by 1 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!
-No security alerts today.
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama ($10M+ TVL, single-exposure, no-IL only) - 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)
-120 pages of previously-unreleased Satoshi emails have been made public, h/t @pete_rizzo:
-The release is generating much discussion/speculation regarding the possibility of Satoshi’s identity being discovered:
-Long-speculated Uniswap fee-switch proposal caused $UNI to spike dramatically in price, h/t @tomwanhh:
-Numerous other defi tokens surging on the news as well, h/t @wiseadvicesumit:
-Much discussion regarding the Uniswap fee switch, sample from @Fiskantes below:
-Weekly narrative overview c/o @thedefivillain:
-Bullish TA from @Awawat_Trades:
-Weekly unlocks data from @Token_Unlocks:
-Latest stats on some key (presumed) Solana airdrops c/o @FabianoSolana:
-We have officially reached the end of @DegenSpartan’s prophesied “three year defi bear market”, h/t @shardverse:
-The winners of @Blast_L2’s ‘Big Bang Competition’ (new projects that will receive airdrop allocation) have been announced, full list below courtesy of @defi_octopus (click to read full tweet):
-Excellent thread on Bittensor/$TAO from @poopmandefi:
-Timeless wisdom on shorting from Stanley Druckenmiller c/o @mastersinvest:
-@zhusu appeared on the Steady Lads podcast:
-Interesting roundtable discussion on variety of crypto topics c/o @thebellcurvepod featuring @MikeIppolito_, @im_manderson, and @pythianism:
-New video on macro situation in Europe from @Blockworks_:
-Parting wisdom c/o @Stoiiic c/o @QuotableCrypto:
Conclusion
Have a great Saturday good frogs and don’t forget to touch some grass this weekend!
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.