Happy Sunday good degens!
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): N/A
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
More news from the team at @StructFinance, who just announced an important partnership with @Avascriptions!
As their new Medium article states:
…Struct Finance and Avascriptions are excited to announce a strategic partnership that promises to redefine the digital inscriptions landscape on the Avalanche blockchain. This collaboration marks a significant milestone, with Struct Finance becoming the first Avalanche DeFi project to launch ASC-20 inscriptions on Avascriptions, signifying a new era of token protocols and marketplace interactions…
As background, Struct is an extremely cool Avalanche-based project we’ve been helping spread the word about that provides structured finance products to maximize investors’ risk-adjusted yields…
They also recently announced their new Auto-Pools partnership with @TraderJoe_xyz… and they will be receiving $1M in $AVAX Avalanche Rush incentives to aid them in strengthening the Avalanche ecosystem and deepening liquidity within it!
Biggest TVL Movers + Else
Chains are mixed today. Top 30 chains green on all three timelines (daily, weekly, monthly) include Solana (#5), Sui (#9), Manta (#10), Aptos (#22), and Mantle (#23).
Protocols are also mixed today. Top 100 protocols up at least 100% on the weekly include Magpie Ecosystem (#35) and Meteora (#100).
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):
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!)
-New restaking project called @PrimeStaked. Twitter bio states “Liquid restaking built on top of @EigenLayer. Earn EigenLayer Points, XP, and LST yield by holding $primeETH 🥩”. Followed by 7 of our mutuals. h/t @AresLabs_xyz:
-Something new called @CascadeProtocol. Twitter bio states “🌈💧 Pools cascading in pools...” Followed by 5 of our mutuals. h/t @toffee248:
-Our friends at @PikeFinance just got listed on @DefiLlama (categorized as multi chain lending protocol). Again, their Twitter bio states “Borrow, lend, leverage and earn across any chain. Access liquidity from across all of DeFi, natively. Powered by @wormholecrypto @circle @base”. Followed by 59 of our mutuals.
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (all types, $10M+ TVL) and @stable_fish - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
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!
-Good reminder thread on Twitter/etc security from @JasonYanowitz:
Important News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-Markets quite flat over last 24 hours, h/t @metatron_0x:
-Top-performing large caps as of late, c/o @thedefivillain:
-Interesting development/observation re: $DYM-airdrop h/t @BlurCrypto:
-Some DePin ticker-alfa c/o @CoinBeatsxyz:
-Trading wisdom from @Awawat_Trades:
-Bullish thoughts on the airdrop meta from @MoonOverlord:
-@puffer_finance getting a lot of attention on the TL the last couple days, h/t @0xMurathan:
-@magpiexyz_io continuing to generate attention as well, h/t @Defi0xJeff:
-$WHALES also generating lots of discussion on the TL, h/t @NikammaSR:
-@Travis_Kling published a very interesting thread of “fatalistic bullishness”, embedding final tweet below but well-worth reading in full:
-Airdrop-alfa from @CC2Ventures:
-Very popular tradfi thinker and long-time crypto skeptic @QuothTheRaven published some interesting/historic thoughts re: embracing Bitcoin, click to read rest of thread:
-Weekly macro update from @FedGuy12:
-New crypto/macro overview from @MarkYusko and @MikeIppolito_ from @Blockworks_:
-Parting wisdom c/o @noahseidman:
Conclusion
Happy Sunday friends! Stay alert out there!
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.