Happy Monday friends! Another big week in front of us!
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: $2023.33
Oil (WTI): $72.04
US 10Y Treasury: 4.102%
Stocks ($SPY as proxy): N/A
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. 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 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
@zerolendxyz - lending market on @zksync with presumed airdrop
-
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 pretty flat and slightly red today. Top 50 chains up at least 15% on the weekly include Sui (#9), Aptos (#21), Algorand (#24), and DefiChain (#27).
Protocols are flat to green today. Protocols with at least $10M TVL up at least 25% on the daily include FSC dex RosSwap, Mantle dex Agni Finance, BSC liquid-staking protocol Synclub Staked BNB, Sui dex Deep book, and Algorand dex Humble Defi.
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):
Here’s The Top 12 Chains By 7 Day Stablecoin Inflow % (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 (all types, $1M+ 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!
-No security alerts today.
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 @Kuza_fi. Twitter bio states “The gateway between liquidity management and meme culture. Building on @avax 🔺 Launching soon...” Followed by 2 of our mutuals. h/t @thealphadigest:
-New dex on @Blast_L2 called @fi_meteor. Twitter bio states “Meteor is a @Blast_L2 native ve(3,3)^3 DEX based on UniV3: Where concentrated liquidity meets $BMTR incentives. #BlastL2”. Followed by 2 of our mutuals. h/t @Beacon_Early:
Important News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-Carnage in the Chinese stock market drawing massive attention:
-Number of interesting statements from Jerome Powell in his new 60 Minutes interview:
-Lots of focus on EigenLayer as deposits open back up today, h/t @MingoAirdrop:
-Ticker/narrative alfa from @TheDeFinvestor:
-Macro schedule for the week ahead, h/t @KobeissiLetter:
-New innovation/project called @Pandora_ERC404 is getting massive attention on the TL this morning, example from @0xPajke below:
-@0xngmi from @DefiLlama announced a significant new feature:
-@ConicFinance getting lots of attention the last couple days, h/t @SmallCapScience below:
-Excellent thread on Farcaster, which continues to attract new users from crypto-Twitter, h/t @0xCygaar:
-Massive chunk of airdrop-alfa c/o @ayyyeandy:
-Airdrop video from a new channel we’ve been checking out as of late, @CryptoKove:
-Macro interview with Sven Henrich @NorthmanTrader from @menlobear:
-Thoughts c/o @0xHedge32:
-Parting wisdom from @wizardofsoho:
Conclusion
Happy Monday friends! Stay alert out there!
And please RT/subscribe/etc if you found this valuable!
-
-
-
-
***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.