Happy Thursday friends! We have entered the ETF era!!! 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 @CryptoBubbles):
Gold: $2038.90
Oil (WTI): $72.89
US 10Y Treasury: 3.985%
Stocks ($SPY as proxy): +0.57%
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!)
@rainbowdotme wallet - earn 'points' for presumed airdrop, start new wallet or migrate old MM wallets over to it - use our ref code: 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
@DeBankDeFi and the DeBank L2 - rumors of possible airdrop, also same folks behind @Rabby_io wallet
@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
@BungeeExchange - bridge to potentially qualify for LayerZero and other potential airdrops
@JumperExchange - bridge to potentially qualify for LayerZero and other potential airdrops
@Hyperliquidx - note: this is a very cool new perps dex we’re a big fan of - is an appchain model so you just deposit $USDCe directly onto it from Arbitrum, then trade and/or deposit TVL to earn points for their (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
@JupiterExchange - Solana protocol with rumored large airdrop coming
@MeteoraAG - liquidity/yield protocol on Solana
@DriftProtocol - perps dex on Solana
@phantom wallet - rumored airdrop
@LineaBuild - ETH L2 presumed airdrop
@MantaNetwork - another L2 now ongoing airdrop
@KelpDAO - EigenLayer restaking protocol - lets you earn towards presumed EigenLayer airdrop and also earns you 'Kelp Points'
@RenzoProtocol - another EigenLayer restaking protocol - reflink: https://app.renzoprotocol.com/?ref=0x39058c94a6c6504917dd8baddbbda27c8d6a5794
@EtherFi - another EigenLayer restaking option
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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 extremely green today. Top 30 chains up more than 10% on the daily include Cardano (#11), PulseChain (#18), and Ronin (#22).
Protocols are extremely green as well. Protocols with at least $40M TVL up at least 20% on the daily include uncategorized multichain protocol Parallel Super App, Cardano lending platform Liqwid, Cardano dex Minswap, and Sui lending protocol NAVI Protocol.
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):
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/newish called @open_dollar. Twitter bio states “Borrow against Liquid Staking Tokens & Arbitrum native assets with our flexible and transparently over-collateralized stablecoin”.
-Something new called @AltitudeFi_. Twitter bio states “Altitude realizes automatic & active loan management on collateralized debt, in order to maximize capital efficiency.” h/t @AresLabs_xyz:
-Previously-mentioned @Cakepiexyz_io has been added to @DefiLlama. Again, Twitter bio states “Cakepie is a state-of-the-art SubDAO by @magpiexyz_io to bolster the long term sustainability of @PancakeSwap.”
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!
-@coingecko’s Twitter was briefly hacked yesterday… Related reminder from @tayvano_ below:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama ($10M+ TVL, single-exposure, no-IL only) and @stable_fish - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Important News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-ETF approvals took place yesterday, 15 years to the day after Hal Finney’s “Running bitcoin” tweet, h/t @DeFiMann:
-$USDC-issuer Circle has apparently filed to go public:
-Ethereum’s outperformance in the wake of the ETF approvals getting noticed:
-Latest CPI (inflation) report just came out:
-Current real-time inflation data from @truflation:
-Next Bitcoin halving coming in less than 100 days, h/t @WClementeIII:
-Aave with plans to deploy on at least 5 additional chains this year:
-Interesting thoughts on the evolving airdrop meta, h/t @0xWelfare:
-Macro take c/o @FedGuy12 Joseph Wang:
-Interesting chart + thoughts on alt’s, c/o @chiefingza:
-ETH tech stuff that got quite a bit of attention over the last 24 hours, h/t @0xCygaar:
-Cycle thoughts from @BobLoukas:
-Good thread from @DylanXVFETH on @berachain, which has been getting increasing attention as of late:
-New video from @Blockworks_ reacting to ETF approvals:
-New video on Mantle ecosystem from @Dynamo_Patrick:
-New Q&A video from macro gigabrain @LukeGromen:
-Parting wisdom c/o @LomahCrypto:
Conclusion
Happy Thursday friends! Enjoy all the excitement!
And please RT/subscribe/etc if you found this valuable!
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***Note On Material: The ‘Spotlight’ and ‘Note’ sections and info on our Official Monthly Sponsor 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.