Happy Tuesday friends! Wild price action we are seeing!
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: $2036.71
Oil (WTI): $77.48
US 10Y Treasury: 4.272%
Stocks ($SPY as proxy): -0.37%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Big announcement from our friends at @PikeFinance, who have just rolled out their new PPP program - their unique take on the ‘points’ program meta!
“Rather than earning points which are merely pixels on a screen for an indefinite period of time with the hope of an airdrop down the line, if you take part in the PPP, you’ll instead earn the $PIU token.
$PIU is a natively multichain token, and is able to be claimed on both Base and Solana (and can be easily transferred back and forth via Wormhole). The price of $PIU will be determined by the market and is only minted/emitted when earned through the PPP.
You can earn $PIU within the PPP like you typically earn points in other programs, by engaging within the Pike dApp on-chain… [and] by having roles within the Pike Discord and being a meaningful member of the community.”
We’ve been helping Pike raise awareness about their upcoming launch, so make sure to follow them on Twitter for important updates, learn everything about their PPP Program in this article, and get started using their protocol now at app.pike.finance!
Biggest TVL Movers + Else
Chains are quite green today overall. Top 50 chains up at least 20% on the weekly include Bitcoin (#5), Starknet (#24), Telos (#35), Mode (#43), Zkfair (#48), and Scroll (#50).
Protocols are extremely green today. Protocols with at least $50M TVL up at least 100% on the weekly include zkLend, Nostra, and Gearbox.
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):
Top Trending Tokens (from @dexscreener, 24 hour timeframe):
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 Scroll dex called @NuriExchange. Twitter bio states “NURI pairs incentives with concentrated liquidity for next-level capital efficiency”. Followed by 4 of our mutuals.
-Something new called @KIPprotocol. Twitter bio states “➡️ Web3 Base Layer for AI. Winner of 2023 Chainlink Hackathon. Manifesting $KIP. Backed by @AnimocaVentures.” Followed by 52 of our mutuals. h/t @CryptoNikyous:
-Something new called @SatoshiSync. Twitter bio states “1st Chain-Agnostic Inscription Protocol Launch Your Own Inscription Market”. Followed by 34 of our mutuals. h/t @CryptoNikyous:
-New project listed as a farm on MAP Protocol called @satsatstst has been added to @DefiLlama. Twitter bio states “A Community-Oriented Bitcoin Layer2 BRC-20 Trading Platform.” Followed by 5 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 ($1M+ TVL, no-IL, single-exposure only) and @stable_fish - 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)
-Prices have been absolutely mooning the last 24 hours, h/t @coingecko:
-Shorts are getting liquidated, h/t @WatcherGuru:
-Another huge day for ETF inflows, h/t @EricBalchunas:
-Total defi TVL almost back to ATH’s, h/t @Dynamo_Patrick:
-@Blast_L2 mainnet to apparently launch on February 29th, h/t @DegenerateNews:
-Solana meme coin $WIF hits new all-time high, also h/t @DegenerateNews:
-Coinbase app store ranking creeping upward but still only #388 overall, h/t @crypto_condom:
-Narrative thoughts c/o @MikeIppolito_:
-Parcl airdrop analysis c/o @0xjaypeg:
-Sentiments c/o @goodalexander:
-Another good thread from @SpartanBlack_1:
-Excellent new crypto/macro livestream from @noahseidman:
-New video on Doginals/DRC20's from @drakeondigital:
-More great airdrop info from @KryptoCove:
-Parting wisdom c/o @marcusmoles:
Conclusion
Happy Tuesday good degens! 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.