Happy Monday good frogs! Let’s get after it!
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: $2033.24
Oil (WTI): $76.11
US 10Y Treasury: 4.236%
Stocks ($SPY as proxy): N/A
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
We at the Daily Degen believe that 2024 will be the year of the 'Airdrop Meta', and have been utilizing lots of projects that are presumed to be doing an airdrop!
Here's some of the projects we've been trying out for this purpose along with referral links when applicable if you'd like to support our work! (note: as always please DYOR though!)
@Rabby_io wallet - earn points for presumed airdrop, start new wallet or migrate old MM wallets over to it, utilize their internal swap feature, etc. Click ‘Rabby Points’ to get started, our ref code: THEDAILYDEGEN
@phantom wallet - rumored airdrop
@rainbowdotme wallet - earn 'points' for presumed airdrop, start new wallet or migrate old MM wallets over to it, utilize their internal swap feature - our reflink: https://rainbow.me/points?ref=SZUR3U
@MetaMask - long rumored to be doing an airdrop - do swaps and bridging using the in-app options in case they use that as main criteria for potential airdrop
@Eigenpiexyz_io - Eigenlayer restaking protocol with its own presumed airdrop as well - https://www.eigenlayer.magpiexyz.io/?ref=0xf2355BE0e5a2d1C88584286d41A82FA71aDd0c0C
@KelpDAO - EigenLayer restaking protocol - lets you earn towards presumed EigenLayer airdrop and also earns you 'Kelp Points'
@RenzoProtocol - another EigenLayer restaking protocol with its own presumed airdrop - reflink: https://app.renzoprotocol.com/?ref=0x39058c94a6c6504917dd8baddbbda27c8d6a5794
@ether_fi - another EigenLayer restaking option with its own presumed airdrop
@DeBankDeFi and the DeBank L2 - rumors of possible airdrop, also same folks behind @Rabby_io wallet, create profile, deposit onto their L2
@Parcl - a Solana RWA project where you can long/short various real estate markets or provide liquidity - earn boosted points with our code: thedailydegen
@MeteoraAG - liquidity/yield protocol on Solana
@DriftProtocol - perps dex on Solana
@PikeFinance - use to qualify for (presumed) airdrop and several other possible airdrops
@BungeeExchange - bridge/infra
@JumperExchange - bridge/infra
@deBridgeFinance - bridge/infra
@Owlto_Finance - bridge/infra
@PolyhedraZK - bridge tokens and mint + bridge NFT’s
@ElDoradoMRKT - cross-chain dex built on Maya Protocol ($CACAO)
@azuroprotocol - GambleFi project with (presumed) airdrop, deposit TVL such as USDT via Polygon
@ClipFinance - yield protocol on Linea
@StructFinance - Avalanche-based structured yields protocol
@Scroll_ZKP - ETH L2 presumed airdrop
@LineaBuild - ETH L2 presumed airdrop
@zksync - ETH L2 presumed airdrop
@modenetwork - new ETH L2 with presumed airdrop - https://ref.mode.network/Fx6b7N
@ryskfinance - ETH L2 options project with presumed airdrop
@LogX_trade - perps dex on variety of ETH L2’s with upcoming airdrop
@Hyperliquidx - perps dex with (presumed) airdrop... https://app.hyperliquid.xyz/join/REKTDIOMEDES
@aevoxyz - another perps dex presumed to be doing an airdrop... https://app.aevo.xyz/r/Nervous-Grand-Schiff
@rabbitx_io - app-chain perps dex - use to potentially qualify for several airdrops - https://app.rabbitx.io/?ref=REKTDIOMEDES
Biggest TVL Movers + Else
Chains are mostly green today. Top 50 chains up at least 10% on the daily include Bitcoin (#6), Telos (#34), Mode (#42), and Zkfair (#48).
Protocols are mostly green today as well. Top 200 protocols up at least 10% on the daily include Merlin’s Seal (#20), Bouncebit (#53), Rex Staking (#141), Nostra (#156), Ionic Protocol (#184), and DeltaPrime (#195).
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):
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 protocol called @Staple_Exchange. Twitter bio states “Next Generation DEX - No IL - Liquidity in StableCoin instead of ETH - Hyper Liquidity Allocation - Cross-Chain Liquidity Unification”. Followed by 5 of our mutuals. h/t @twindoges:
-New project called @cambrianone. Twitter bio states “Modular Security Layer for Solana Ecosystem”. Followed by 5 of our mutuals. h/t @twindoges:
-New project called @teamcircletech. Twitter bio states “In stealth. Coming to @base.” Followed by 9 of our mutuals. h/t @twindoges:
-Previously-mentioned protocol @0xfluid has been added to @DefiLlama. Twitter bio states “An ever-evolving DeFi protocol and base for future financial system by @Instadapp”. Followed by 72 of our mutuals.
-Previously-mentioned @bounce_bit has been added to @DefiLlama. Twitter bio states “Building #BTC restaking infrastructure backed by @blockchaincap and @BreyerCap Early Access NOW LIVE 👇🏼” Followed by 48 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 (all types, $1M+ TVL) - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Important News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-$ETH sitting steady above $3000, h/t @jake_pahor:
-Macro schedule for the week ahead c/o @KobeissiLetter:
-Parcl airdrop looks like it will be coming in April, h/t @MingoAirdrop:
-Lots of talk (and governance proposal it looks like) about @GMX_IO adding some additional infra and expanding into its own chain or ‘finance ecosystem’, h/t @DoveyWan:
-Current market thoughts from @santiagoroel:
-Current market overview from @crypto_condom:
-New EVM Bitcoin L2 @MerlinLayer2 now past $2B in TVL, h/t @bigmagicdao:
-Bullish data point for stonks, c/o @RyanDetrick:
-Airdrop update from @0xWelfare (good source of ongoing airdrop alfa):
-Airdrop update from @0xTochi (good source of ongoing airdrop alfa):
-Interesting thread from @SpartanBlack_1 on cycle thoughts and the VC side of things:
-New monthly newsletter from macro gigabrain @LynAldenContact:
-New interview with @goodalexander from @TaikiMaeda2 on AI narrative + else:
-Parting wisdom c/o @TraderMercury:
Conclusion
Happy Monday friends! 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.