Happy Friday good frogs! Tons of stuff going on!
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: $2054.69
Oil (WTI): $73.35
US 10Y Treasury: 3.889%
Stocks ($SPY as proxy): +1.31%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Attention good degens! @PikeFinance is now live!
Pike is an extremely unique, currently-tokenless project we are helping raise awareness about that sits smack dab in the middle of the interoperability narrative that has been generating so much attention as of late! Powered by Wormhole, Circle’s CCTP, and @PythNetwork, Pike allows users to seamlessly borrow, lend, leverage, and earn across any chain…
Entirely bootstrapped with no VC funding… they are generating massive buzz both for their tech and their central location within the current ‘Airdrop Meta’ that has overtaken the crypto world…
Again… they just announced their Mainnet launch so make sure to follow them on Twitter for important updates and get started using their protocol now at app.pike.finance!
Biggest TVL Movers + Else
Chains are quite green today. Top 50 chains up at least 30% on the monthly include Manta (#8), Aptos (#22), Injective (#45), and ICP (#48).
Protocols are also quite green today. Protocols with at least $10M TVL up at least 500% on the monthly include Conic Finance, Humble Defi, UNCX Network, Ajna Protocol, IDEX, Renzo, and ZeroLend.
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):
Here’s The Top 12 Dex’s By 7 Day Volume (from @DefiLlama):
Top Trending Tokens (from @dexscreener, 24 hour timeframe):
Bitcoin Fear/Greed Index:
(from @BitcoinFear)
Ethereum Fear And Greed Index
(from @EthereumFear):
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 called @AlloraNetwork. Twitter bio states “A self-improving decentralized AI network.” Followed by 10 of our mutuals. h/t @Areslabs_xyz:
-New protocol on Metis called @Artemisfinance. Twitter bio states “Unleash the potential of decentralized sequencing. LST for the first decentralized sequencer network built by @metisL2”. Followed by 4 of our mutuals. h/t @Beacon_Early:
-New @Blast_L2 project called @seismicfinance. Twitter bio states “A @Blast_L2 -native money market. coming soon 👀”. Followed by 4 of our mutuals.
-New derivatives protocol on Zkfair called @HyperionX_xyz has been added to @DefiLlama. Twitter bio states “HyperionX (HPX) pioneers decentralized derivatives with a Fair Launch and ZKFair tech, ensuring a user-centric, secure, and transparent trading experience.” Followed by 2 of our mutuals.
-New dex on ZetaChain called @OcelotDex has been added to @DefiLlama. Twitter bio states “OcelotDex is your gateway to boundless liquidity and seamless asset exchange on Zetachain.” Not followed by any 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 ($1M+ TVL, single-exposure, and no-IL only) and @stable_fish - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Important News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-Price action looking pretty good w/$LINK leading the charge interestingly:
-A mini-crisis in US banks (and foreign banks exposed to US commercial real estate) appears to be brewing:
-Recap of the week’s big narrative/project headlines c/o @TheDeFinvestor:
-Update on $DYM airdrop from @ayyyeandy:
-@alt_layer airdrop for $TIA-stakers now live, apparently with minimum of 35 $TIA staked to qualify, also h/t @ayyyeandy:
-Recent airdrop $ZETA generating excitement (and airdrop may potentially be ongoing?) h/t @MingoAirdrop below:
-@truflation’s live inflation reading now down to 1.34%:
-EigenLayer continues to generate massive attention, excellent graph from @BlurCrypto below on the various ways to get exposure to it:
-Bitcoin ETF’s update from @JSeyff:
-Thoughts on the macro picture and the Fed from @krugermacro:
-Very interesting thread on the macro picture in the context of crypto and its ongoing resilience from @SpartanBlack_1:
-New interview with Ansem @blknoiz06 from @Dynamo_Patrick:
-More gem-hunting from @jediblocmates, @danblocmates, and @grantblockmates at @blocmatesdotcom:
-Long video on everything EigenLayer from @DefiantNews:
-New episode of NFA Live featuring @coinbureau, @intocryptoverse, and @NewsAsset:
-Parting sentiments c/o @CryptoKaduna:
Conclusion
Happy Friday let’s get after it friends!
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.