Happy Sunday lads and ladettes! 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): N/A
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
As the EigenLayer excitement heats up, @KelpDAO is at the forefront of restaking innovation!
In this vein, their robust incentives and new token ($KEP) are generating much discussion…
“$KEP is a first-of-its-kind innovation in the restaking ecosystem. It's a token representation of Kelp's @eigenlayer Points. Earned points can now be transferred, traded and used to participate in DeFi, making it highly liquid…”
If you have not yet done so, make sure to follow the official @KelpDAO Twitter account for more updates and read through the very in-depth thread below on everything they’ve been up to!
Biggest TVL Movers + Else
Chains are mixed today. Fastest-growing chains on the weekly with at least $1M TVL are Bostrom, Bittorrent, and Starknet.
Protocols are mostly green today. Fastest-growing protocols on the weekly with at least $1M TVL are Astar gaming protocol AstarFarm, Bostrom dex Warp Dex, and multichain dex Soy Finance.
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):
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 @bidclubio. Twitter bio states “If you're here, you're early.” Followed by 35 of our mutuals.
-New project called @TatsuEcosystem. Twitter bio states “Bittensor-powered ecosystem of decentralized AI applications, with API access and Bittensor Subnet as integral components…” Followed by 4 of our mutuals. h/t @AresLabs_xyz:
-New project called @Orion_agg. Twitter bio states “Points / Pre-Market Aggregator & Automated Market Making | Aggregating @whalesmarket @pumpmarkets @frontrun_market”. Followed by 8 of our mutuals. h/t @AresLabs_xyz:
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!
-@RiskOnBlast has apparently rug-pulled, h/t @WuBlockchain:
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)
-Ticker/narrative alfa c/o @TheDeFinvestor:
-ETH Mainnet, Bitcoin, and Solana battling it out for top NFT volume by chain, h/t @Dynamo_Patrick:
-Market thoughts from @Awawat_Trades:
-ETH tech update from @sassal0x:
-@cobie’s new project @echodotxyz will apparently be launching in a couple weeks:
-New launch alfa c/o @TheNeoYagami:
-Top-performing GameFi coins over the last week, h/t @CoinBeatsxyz:
-New project analysis/summaries from @Prithvir12:
-Very good + thorough thread of airdrops to check out c/o @the_smart_ape:
-Bunch of additional airdrop updates from @73lV_:
-Americnas spent a record amount on gambling in 2023, h/t commentary c/o @WClementeIII:
-Weekly macro update from Joseph Wang @FedGuy12:
-Another great video on upcoming airdrops from @KryptoCove:
-Parting wisdom c/o @resdegen:
Conclusion
Happy Sunday good frogs! Stay alert out there!
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.