Happy Tuesday good degens! Nice little bounce we are seeing!
Let’s dive in!
As always… 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):
Total Crypto Market Cap: $3.47T
Gold: $2684.00
Oil (WTI): $77.92
US 10Y Treasury: 4.792%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
As we’ve previously highlighted, @Cod3xOrg has been at the forefront of the AI x Crypto synthesis since before it even emerged as a dominant meta, shipping the very first Crypto x AI app on the ChatGPT Store way back in 2023!
And today, as popular opinion catches up with the surging Crypto<>AI revolution, they continue to build at the tip of the spear within it…
As noted in the article below by @0xBebis_:
“I believe that the first truly agentic economy to scale will have a significant advantage over its counterparts, capable of coordinating larger actions and netting a premium for its services. With enough mass and training, the average user will need to make a choice: join the swarm or lose against it.
One day, we see a world where these agentic swarms will be one of the primary ways human beings collectivize and engage with markets. Whether trading, generating yield, or doing taxes - expect to be delegating more and more of your personal finances to an agent.”
Read the article in full via the tweet below to find out more about what the team is building, stay tuned for more updates as we continue to bang the drum about their work, and follow Bebis, Cod3x, and their first flagship agent @BigTonyXBT on Twitter for more updates!
Biggest TVL Movers + Else
Chains are seeing a nice green bounce today. Fastest-growing chains on the weekly with at least $100M TVL are Sonic, ZKsync Era, and BSquared.
Protocols are green as well today. Fastest-growing protocols on the weekly with at least $100M TVL are Folks Finance, BitFLUX, and Resolv.
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):
Bitcoin Fear/Greed Index:
(from @BitcoinFear)
Chart Of The Day
(Courtesy of our Official Sponsor @vertex_protocol)
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New Projects
(note: this includes new projects we find through combing Twitter each day, and we also include or re-include every newly launched protocol added by @DefiLlama that has at least some TVL or is followed by at least some of our mutuals - hence disclaimer: these are not pre-vetted by us so make sure to DYOR!)
-Something new called @tgdottech. Twitter bio states “A fresh take on friendtech based entirely on Telegram and Solana.” Followed by 1 of our mutuals.
-Something new called @0xyieldstream. Twitter bio states “sovereign yield infrastructure”. Followed by 2 of our mutuals. h/t @AresLabs_xyz:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (single-exposure, no-IL, $20M+ TVL only) - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Security Alerts
-No security alerts today.
Important News And Analysis
-Morning headlines c/o @Tyler_Did_It:
-PPI inflation numbers, generally considered to be the second-most consequential inflation numbers in the US after CPI, came in slightly soft today (this is generally considered bullish since it reduces chances of Fed feeling pressure to keep interest rates elevated):
-Lots of controversy surrounding launch of Sony’s ETH L2 @soneium, example c/o @0xKawz below:
-Continued excitement over prospect of additional crypto tokens (such as SOL and XRP) getting ETF’s, h/t @DegenerateNews:
-Top pre-TGE projects by mindshare right now are Kaito, Anime, Bera, and Monad. h/t @_kaitoai:
-CT legend (famously AWOL from the platform since 2023) @DegenSpartan shared some rare thoughts via the yearly egirl capital predictions post, here is a transcription of them from @DefiIgnas (click tweet to find link to blog post in the quote-tweeted tweet beneath it):
-Cycle thoughts from @zhusu as ETH and alts continue to underperform:
-Another good Saylor explanation from @thedefivillain:
-Crypto-adjacent thoughts on nexus of business and AI from @Saint_Dici:
-Michael Green @profplum99 on the macro:
-Bullish thoughts from @yugoviking:
-New interview with Felipe Montealegre @TheiaResearch from @thebellcurvepod:
-New @notthreadguy livestream with Ansem @blknoiz06:
-New crypto/macro livestream from @noahseidman:
-New video of cycle thoughts from @Jesseeckel_:
-New overview of Solana defi and airdrop opportunities from @Dynamo_Patrick:
-Parting wisdom from @systems_value:
Conclusion
Happy Tuesday 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 @vertex_protocol 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.