Happy Friday degens! Some good price action we’re seeing!
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 @CryptoBubbles):
Gold: $2026.00
Oil (WTI): $76.05
US 10Y Treasury: 4.152%
Stocks ($SPY as proxy): +0.044%
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
@portalbridge_ - bridge to qualify for potential Wormhole airdrop
@PolyhedraZK - bridge tokens and mint + bridge NFT’s
@azuroprotocol - GambleFi project with (presumed) airdrop, deposit TVL such as USDT via Polygon
@ClipFinance - yield protocol on Linea
@StructFinance - Avalanche-based structured yields protocol
@MeteoraAG - liquidity/yield protocol on Solana
@DriftProtocol - perps dex on Solana
@Starknet - 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
@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
@rabbitx_io - app-chain perps dex - use to potentially qualify for Starknet + other airdrops - https://app.rabbitx.io/?ref=REKTDIOMEDES
Biggest TVL Movers + Else
Chains are quite green again today. Top 50 chains up at least 5% on the daily include Algorand (#16), Thorchain (#21), and Stacks (#39).
Protocols are quite green as well. Protocols with at least $5M TVL up at least 30% on the daily include Algorand dex Humble Defi, Arbitrum/Avalanche yield protocol The Ennead Farm, Sui dex DeepBook, and ETH Mainnet liquid restaking protocol Puffer Finance.
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 project on @Blast_L2 called @tradeonblitz. Twitter bio states “Your favorite orderbook DEX is coming to @blast_l2 . Trade spot & futures with blazing fast speed and efficiency.” Followed by 15 of our mutuals. h/t @toffee248:
-Something new called @octra. Twitter bio states “secure and private network for the future economy, powered by fully homomorphic encryption and machine learning”. Followed by 11 of our mutuals. h/t @toffee248:
-New dex on Neon called @NeonSwapDEX. Twitter bio states “The Most Versatile DEX on #NEON EVM. Participate in the airdrop campaign...” Followed by 2 of our mutuals. h/t @Beacon_Early:
-Something new called @pac_finance. Twitter bio states The first hybrid lending protocol built on @Blast_L2 with self-repaying loans. 100% of Blast developer prizes & more airdropped to early adopters.” Followed by 2 of our mutuals. h/t @AresLabs_xyz:
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 ($10M+ TVL, single-exposure, 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)
-Positive price action overnight, with $BTC hitting 47k and $ETH hitting 2.5k, h/t @JJCycles:
-The S&P 500 briefly hit 5000 yesterday for the first time ever, h/t @zerohedge:
-Defi TVL back above $100B, h/t @Dynamo_Patrick:
-@Rabby_io launches a mobile version of its popular EVM wallet, h/t @Subli_Defi:
-$PANDORA keeps climbing as ERC404’s continue to gain attention, h/t @Tyler_Did_It:
-More and more Bitcoin-defi infra getting built, h/t @danheld:
-Comments by Janet Yellen yesterday generated attention, h/t @jameslavish:
-Pendle Finance hits $1B TVL, h/t @AlphaverseDeFi:
-Lots of threads and videos popping up on ERC404’s, example from @0xCygaar below:
-Bullish sentiments on the airdrop meta from @TaikiMaeda2:
-Good thread on @PolyhedraZK from @defi_sakura:
-New episode of NFA Live featuring @coinbureau, Rob from Digital Asset News, and @intocryptoverse:
-More on-chain gem hunting from the lads at @blocmatesdotcom:
-Good interview with crypto/macro gigabrain @krugermacro from @TaikiMaeda2:
-More good airdrop info from @KryptoCove:
-Parting wisdom c/o @osf_rekt:
Conclusion
Have a good Friday degens and and enjoy the positive price action!
And please RT/subscribe/etc if you found this valuable!
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Spotlight
Lots of exciting stuff happening with @silentdao_ friends!
Our editor @rektdiomedes has been helping bang the drum about what the gents at @silentdao_ have been building, and things are starting to heat up!
Once again, Silent is middle-ware privacy/encryption project designed to facilitate composable privacy solutions within the EVM itself... Make sure to follow the official @silentdao_ Twitter account so you don’t miss any important updates!
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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.