Happy Wednesday degens! Crazy times!
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: $2029.10
Oil (WTI): $78.00
US 10Y Treasury: 4.286%
Stocks ($SPY as proxy): +0.19%
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. Only top 50 chains red on the monthly are DefiChain (#38) and Astar (#47).
Protocols are quite green today as well. Only top 100 protocols red on the monthly are stUSDT (#23), Prisma Finance (#55), Stargate (#58), Ondo Finance (#82), Mountain Protocol (#92), and Arrakis Finance (#97).
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!)
-Something new on @Blast_L2 called @pixeliansxyz. Twitter bio states “Modular Liquidity Protocol. Backed by //redacted//.” Followed by 3 of our mutuals. h/t @AresLabs_xyz:
-Something new called @bribehaus. Twitter bio states “ultra secret highly confidential project ~ coming soon to a chain near you”. Followed by 15 of our mutuals. h/t @AresLabs_xyz:
-Something new called @zkHive. Twitter bio states “The first decentralized Firewall for crypto platforms, powered by AI-assisted formal verification”. Followed by 16 of our mutuals. h/t @AresLabs_xyz:
-New project on Flow chain called @fixesOnFlow has been added to @DefiLlama. Twitter bio states “A virtual layer2 protocol based on #Ordinals inscription mechanism #onFlow Aka. Executable #Inscriptions Protocol on @flow_blockchain #𝔉rc20 $FLOWS $FIXES”. Not followed by any of our mutuals.
-Previously-mentioned Starknet dex @haikoxyz has been added to @DefiLlama. Twitter bio states “#Starknet AMM providing simple access to market making yield with #strategies.” Followed by 9 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 alert from @PeckShieldAlert:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama ($10M+ TVL, no-IL, single-exposure only) and @stable_fish - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Important News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-Prices continue to moon, h/t @BoldLeonidas:
-$BTC and $ETH continue to dominate relative to alts, h/t @coingecko:
-Bullish ETF data continues to generate massive attention, h/t @caprioleio:
-Good data and reminder that Bitcoin has never hit a new all-time high before the halving, from @PastryEth:
-Innovation/competition in the wallet space continuing to heat up, h/t @JasonYanowitz (also reminder that nearly all of the top wallets are rumored to be doing airdrops this year):
-Restaking protocols continue to surge in TVL, h/t @Coin_Nerds:
-Decentralized social media network @LensProtocol has now completed its full opening and is available for all users (precviously it required a special invite), h/t @StaniKulechov:
-Interesting macro chart from @lisaabramowicz1:
-Good thread on ETH’s Dencun upgrade from @eli5_defi:
-Bullish thoughts from @BowTiedNightOwl:
-Cycle thoughts from @QwQiao:
-New interview with @nic__carter from @BanklessHQ:
-Good new Bitcoin + macro video with @LynAldenContact:
-New episode of @thebellcurvepod featuring LayerZero Labs CEO @PrimordialAA and Across Protocol co-founder @hal2001:
-New @coinbureau video on ERC404’s:
-New interview with @samczsun from @laurashin:
-Parting wisdom c/o @yugacohler:
Conclusion
Happy Wednesday friends keep getting 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.