Happy Tuesday friends! Lots 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 @CryptoBubbles24):
Gold: $2041.90
Oil (WTI): $73.01
US 10Y Treasury: 4.003%
Stocks ($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 mixed today. Some notables include Sui (#13) at +35.99% on the weekly, and Zkfair (#49) at +39.88% on the weekly.
Protocols are also mixed today. Some notables include Mantle Staked ETH (#24) at +14.47% on the daily, etherfi (#59) at +60.67% on the weekly, and Hyperliquid (#94) at +39.40% on the weekly.
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 @Seedhub_gaming. Twitter bio states “Vibe with the web3 community, join quests, play games, and earn rewards.” Followed by 11 of our mutuals. h/t @Beacon_Early:
-New Solana trading bot project called @soybot_xyz. Twitter bio states “Lightning-fast Trading & Sniping Bot On @solana | Smart Scanner | MEV-blocker | Limit Order | DCA...” Followed by 3 of our mutuals. h/t @Beacon_Early:
-New Aptos yield aggregator called @VibrantXFinance. Twitter bio states “Yield Aggregator and Portfolio Management on Aptos. DeFi made simple and secure”. Followed by 1 of our mutuals. h/t @AresLabs_xyz:
-New project called @NoteProtocol. Twitter bio states “Bitcoin Layer-2 Protocol for Token/NFT/Data, Supporting DID and SmartContracts. Bring encryption and decryption capabilities to Bitcoin.” Followed by 3 of our mutuals. h/t @AresLabs_xyz:
-New project called @haikoxyz. Twitter bio states “AMM protocol providing simple access to market making yield with #strategies. Powered by #Starknet….” Followed by 4 of our mutuals. h/t @AresLabs_xyz:
-New project on Manta called @ManXSwap has been added to @DefiLlama. Twitter bio states “🔱 The Leading Native AMM DEX on #MantaPacific 🔱 Liquidity Farming Incentive…” Not followed by any of our mutuals.
-Previously-mentioned @Genesis_LRT has been added to @DefiLlama. Twitter bio states “Unlocking liquidity for restaked ETH on @EigenLayer through Liquid Restaking Tokens (LRT). 💪” Followed by 28 of our mutuals.
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!
-Security alert and example of the above c/o @DegenerateNews:
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)
Important News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-@JupiterExchange airdrop on Solana looking likely to come at the end of this month, h/t @alpha_pls and @weremeow:
-@Rabby_io sent out a tweet today suggesting a snapshot (and by extension airdrop), h/t @NewsInSmol:
-Solana to apparently launch a second mobile phone following the renewed success of its first one, h/t @DegenerateNews:
-Lot of talk about the Fed starting rate cuts soon:
-Manta continues surging ahead of its upcoming airdrop:
-Everything Pudgy Penguins related getting a lot of attention lately on the TL:
-ETH L2’s hitting new TVL ATH’s, h/t @TheDeFinvestor:
-List of testnets to consider diving into/exploring, h/t @InfoSpace_OG:
-Excellent deep dive into the Bitcoin ETF’s from @jameslavish:
-Good thread on Sei from @jake_pahor as part of his ongoing deep-dive series:
-Cycle thoughts from @QwQiao:
-New video on Cosmos ecosystem and associated airdrops from @Cryptocito:
-New interview with Bitwise CEO Matt Hougan from @DefiantNews:
-Parting wisdom c/o @MrBrondorDeFi c/o @QuotableCrypto:
Conclusion
Happy Tuesday friends!
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.