Happy Sunday degens! 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: $2053.60
Oil (WTI): $72.68
US 10Y Treasury: 3.94%
Stocks ($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!)
@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
@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 $USDC 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
@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 mostly green today. Only top 25 chains red on the weekly are Tron (#2), Bitcoin (#14), MultiversX (#19), THORChain (#20), and zkSync Era (#25).
Protocols are also mostly green today. Protocols with at least $50M TVL down at least 5% on the weekly include Seamless Protocol, Gamma, DefiChain Loans, Lightning Network, and Ondo 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!)
-Something new called @KasuFinance. Twitter bio states “The most risk-optimised RWA Yields in all of DeFi.” Followed by 14 of our mutuals. h/t @AresLabs_xyz:
-New project called @ThrusterFi. Twitter bio states “coming soon to @blast_l2”. Focus of protocol is unclear but is followed by 28 of our mutuals. h/t @AresLabs_xyz:
-New project called @gemnifyXYZ. Twitter bio states “Decentralized NFT Perpetual Exchange”. Followed by 3 of our mutuals. h/t @twindoges:
-New Filecoin-related project called @Repl_fi. Twitter bio states “Repledging Protocol for Pledged FIL Assets.” Followed by 1 of our mutuals. h/t @twindoges:
-New project called @NAVFinance_. Twitter bio states “Democratizing access to AI-driven quantitative yield strategies on @arbitrum . #DeFi”. Followed by 5 of our mutuals. h/t @twindoges:
-Something new called @HoruscopeDao. Twitter bio states “The Pre-ordained path to Deeper Liquidity | Modular Liquidity powered by Liquid Restaked Tokens.” Followed by 1 of our mutuals. h/t @twindoges:
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!
-Reminders re: the above:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama ($1M+ TVL, single-exposure, no-IL only) and @stable_fish - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Important News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-$TIA and $METIS both showing outperformance and getting lots of attention, h/t @alpha_pls and @crypthoem (note: text in first tweet is a famous copypasta if you aren’t aware):
-$BTC TA from @KrugerMacro:
-Ticker alfa/news from @layerggofficial:
-Thoughts on the Bitcoin ETF’s from @CampbellJAustin:
-More ETF thoughts, c/o @ByzGeneral:
-Interesting stat on Bitcoin/Ordinals from @LeonidasNFT:
-Thoughts on price/narratives from @CryptoKoryo:
-Good thread on $TIA from @TaikiMaeda2 generated a lot of discussion the last 24 hours:
-Fascinating thread from @0xZergs relating history of Grayscale and the ‘Widowmaker Trade’ very relevant to the current unwind we are seeing:
-A concise but thorough thread of airdrop opportunities from @wacy_time1 (click to read rest of long-form tweet):
-Forward-looking thoughts from @Pickle_cRypto:
-New interview with @QwQiao from @TaikiMaeda2:
-Weekly macro update from Joseph Wang @FedGuy12:
-Celestia/$TIA-related airdrop guide from @milesdeutscher:
-Parting thoughts from @wronguser000:
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’ 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.