Happy Saturday friends! Tradfi markets closed but crypto never sleeps!
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: $2039.65
Oil (WTI): $72.26
US 10Y Treasury: 4.024%
Stocks ($SPY as proxy): +1.05%
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 a running list of all 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 migrant old MM wallets over to it, utilize their internal swap feature - use 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 - 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
@EtherFi - 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 for (presumed) airdrop with our code: thedailydegen
@PikeFinance - use to qualify for (presumed) airdrop and several other possible airdrops
@BungeeExchange - bridge to qualify for various potential airdrops
@JumperExchange - bridge to qualify for various potential airdrops
@deBridgeFinance - bridge to qualify for various potential airdrops
@Hyperliquidx - perps dex with (presumed) airdrop... https://app.hyperliquid.xyz/join/REKTDIOMEDES
@aevoxyz - another cool appchain perps dex presumed to be doing an airdrop... https://app.aevo.xyz/r/Nervous-Grand-Schiff
@azuroprotocol - GambleFi project with (presumed) airdrop, deposit TVL such as USDT via Polygon
@StructFinance - Avalanche-based structured yields protocol
@MeteoraAG - liquidity/yield protocol on Solana
@DriftProtocol - perps dex on Solana
@LineaBuild - ETH L2 presumed airdrop
@zksync - ETH L2 presumed airdrop
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Note: And here's some other projects/services/etc we are huge fans of as well!
-Revelo Intel (institutional grade defi research + great free newsletter!) https://revelointel.com?aff=242 and discount code DEGEN10
-GMX: https://gmx.io/?ref=thedailydegen
-Gains Network - https://gains.trade/referred?by=thedailydegen
-Mux Protocol - https://app.mux.network/#/ref/THEDAILYDEGEN
-HMX - https://hmx.org/arbitrum/referral?ref=THEDAILYDEGEN
-RabbitX - https://app.rabbitx.io/?ref=REKTDIOMEDES
Biggest TVL Movers + Else
Chains are mixed today. Biggest gainer on the weekly among top 30 chains is DefiChain (#24) at +23.75%, and biggest loser is Rootstock (#28) at -11.52%.
Protocols are also mixed today. Biggest gainer on the weekly among top 100 protocols is Pendle (#24) at +51.36%, and biggest loser is Abracadabra (#85) at -18.70%.
Here’s The Top 12 Fastest-Growing Chains By TVL On The Weekly (from @DefiLlama):
Here’s The Top 12 Fastest-Growing Protocols By TVL On The Weekly (from @DefiLlama - note: this one has a minimum TVL filter so only includes protocols with at least $1M TVL):
Here’s The Top 12 Entities By 24 Hour Token-Holders’ Revenue (from @DefiLlama):
Top Trending Tokens (from @dexscreener, 24 hour timeframe):
Bitcoin Fear/Greed Index:
(from @BitcoinFear)
Ethereum Fear And Greed Index
(from @EthereumFear):
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama ($10M+ 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)
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 @wardenprotocol. Twitter bio states “Unlock the Potential of Intent-Based, Secure Cross-Chain Interactions”. Followed by 10 of our mutuals. h/t @toffee248:
-Something new called @atlasevm. Twitter bio states “The auction protocol, coming soon to the EVM.” Followed by 12 of our mutuals. h/t @toffee248:
-New GambleFi project on Solana called @bet_meow. Twitter bio states “The Greatest Game Platform on Solana 🐱🎰 Official game providers, Sol deposits/withdrawals, crypto/prediction markets”. Followed by 5 of our mutuals. h/t @toffee248:
-New liquid-staking protocol on ZetaChain called @ZetaEarn has been added to @DefiLlama. Twitter bio states “Seamless Staking, Boundless Earning - Dive into OmniChain DeFi Diversity”. Followed by 2 of our mutuals.
-New dex on ZetaChain called @ZedaSwap has been added to @DefiLlama. Twitter bio states “Ultrafast Ominichain DEX – Lowest Fees, High Rewards, User-Centric Design. Supports True Borderless Swaps across chains. Native to @zetablockchain”. 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.
Important News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-dogwifhat enthusiasts placed a giant knitted version of the iconic hat on the Times Square Bull yesterday, h/t @Joedidonato94:
-Aidrops continue to dominate the crypto discourse, h/t @TheDeFinvestor:
-Statement from Donald Trump regarding Jerome Powell generated much attention yesterday:
-Another new airdrop, this one from @KinetixFi, h/t @ayyyeandy and @CosmosHOSS:
-Recent Chainlink price action continues to generate attention, h/t @alpha_pls:
-Despite interest rates still being at elevated levels US Residential Construction Payrolls are surging, h/t @WarrenPies:
-Seeing lots of talk about Farcaster (crypto-based decentralized social media network) on the TL lately, h/t excellent thread below from @andrewhong5297:
-@pendle_fi’s TVL continues to surge, now up past $680M, h/t @asxn_r:
-China’s central bank continues to inject liquidity into system, h/t @JackFarley96:
-Thoughts on shorting from @Lord_Ashdrake:
-Good thread on @Eigenlayer and restaking from @ipor_intern:
-New weekly roll-up video from @BanklessHQ:
-New episode of Steady Lads podcast discussing the $JUP-airdrop and other topics:
-New crypto/macro livestream from @noahseidman:
-Interesting new discussion on the crypto market, betting markets, Ethereum, and more from @pythianism and @MikeIppolito_ on @thebellcurvepod:
-Parting wisdom c/o @cryptocevo c/o @QuotableCrypto:
Conclusion
Happy Saturday good frogs! Don’t forget to touch some grass this weekend!
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.