Happy Thursday good degens! 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 @CryptoBubbles):
Gold: $2013.15
Oil (WTI): $73.19
US 10Y Treasury: 4.094%
Stocks ($SPY as proxy): -0.56%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
A brand new cross-chain lending market is on the radar of many users exploring the Wormhole, Solana, and Monad ecosystems - @PikeFinance!
With the release of their Testnet 2.0 update, Pike is showcasing what a seamless cross-chain experience should look and feel like, with almost 10,000 unique participants and over 100,000 transactions so far!
The team has been pushing out updates on a weekly basis, implementing UX improvements requested by the community and backend performance upgrades, and Testnet 2.0 includes a complete revamp of Pike’s architecture, making transactions faster, cheaper, and the overall experience even more seamless!
We are going to be helping raise awareness about everything the team has been shipping, so make sure to follow them on Twitter, check out their thread below, and play with the testnet at the following link! - https://testnet2.pike.finance
Biggest TVL Movers + Else
Chains are mixed today. The only top 30 chains down at least 10% on the monthly are Cardano (#12), zkSync Era (#25), Mixin (#29), and Fusion (#30).
Protocols are also mixed today. Only protocols with at least $100M TVL down at least 20% on the monthly are Yearn, WemixFi, Chainge Finance, Radiant, and Parallel Super App.
Here’s The Top 12 Fastest-Growing Chains By TVL On The Weekly (from @DefiLlama):
Here’s The Top 12 Fastest-Growing Protocols By TVL On The Weekly (from @DefiLlama - note: this one has a minimum TVL filter so only includes protocols with at least $1M TVL):
Here’s The Top 12 Entities By 24 Hour Fee Generation (from @DefiLlama):
Here’s The Top 12 Dex’s By 7 Day Volume (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 @_StorAI. Twitter bio states “AI-Driven Decentralized Data Storage Optimization. Live on Ethereum and Celestia. Coming soon on Sei, Injective and Solana.” Followed by 5 of our mutuals. h/t @AresLabs_xyz:
-Something new called @bvmnetwork. Twitter bio states “The first modular blockchain meta-protocol that lets you customize and launch your own Bitcoin L2 blockchain protocol in a few clicks”. Followed by 6 of our mutuals. h/t @Beacon_Early:
-New project called @methlabxyz. Twitter bio states “MethLab is a next-gen intent based protocol on Mantle. It enables new forms of non-liquidation borrowing, and soon leverage. Powered by finite-state DeFi legos.” Followed by 29 of our mutuals. h/t @Beacon_Early:
-New/newish protocol on @Stacks called @StackingDao. Twitter bio states “Liquid Stacking on @Stacks. Earn 7% APY on STX with instant liquidity 📈”. Followed by 25 of our mutuals. h/t @Beacon_Early:
-Previously-mentioned new Sei liquid-staking protocol @Silo_Stake has been added to @DefiLlama. Again, Twitter bio states “It aint much but it's honest work Liquid Staked iSei”. Followed by 27 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!
-No security alerts today.
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama ($10M+ TVL, single-exposure, and no-IL only) and @stable_fish - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Important News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-@alt_layer will apparently be doing an airdrop soon that both EigenLayer restakers and Celestia/$TIA stakers will qualify for, h/t @CC2Ventures and @DefiantNews:
-The official Franklin Templeton Twitter account generated massive attention yesterday with a large number of crypto memes and (quite sophisticated) takes on the crypto space:
-Crypto VC/fundraising apparently heating up fast, h/t @cburniske:
-Coinbase vs SEC hearing getting lots of attention:
-Cleveland Fed forecasting drop in headline CPI inflation this month, h/t @charliebilello:
-Following story/topic got a lot of attention in macro circles today:
-Macro commentary from @zerohedge:
-Some potential @pendle_fi alfa c/o @Rightsideonly:
-Restaking and EigenLayer continue to generate lots of attention, good thread on subject and some of the top restaking protocols within it from @wist_defi below:
-Uranium price continues to spike higher, good thread below from @KEDM_COM:
-Good @JackFarley96 summary of his recent interview with Michael Howell:
-New video discussing ETH L2 tokens c/o @BanklessHQ:
-Parting wisdom c/o @CryptoKaleo:
Conclusion
Happy Thursday friends! Stay hypervigilant!
And please RT/subscribe/etc if you found this valuable!
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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.