Happy Thursday 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: $2015.81
Oil (WTI): $75.86
US 10Y Treasury: 4.166%
Stocks ($SPY as proxy): +0.11%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Would you be interested in a new, currently-tokenless protocol lying at the heart of the interoperability narrative good anon?
@PikeFinance is an extremely unique and interesting project we are helping raise awareness about that sits smack dab in the middle of this narrative, with connections to Wormhole, LayerZero, Monad, and a number of other important projects and ecosystems within the current ‘Airdrop Meta’ that has overtaken the crypto world…
The Pike team is entirely bootstrapped with no VC funding, and is currently on its testnet phase. Their below thread lays out a great example of how one might utilize the protocol to benefit from both the Celestia and EigenLayer excitement that is ongoing, and is well worth reading in full...
Pike also has a number of *very interesting catalysts* on the horizon, so make sure to follow them on Twitter so you don’t miss any important announcements :)
And check out their testnet at the following link! - https://testnet2.pike.finance
Biggest TVL Movers + Else
Chains are mixed today. Top 50 chains up over 100% on the monthly include Manta (#9), PulseChain (#11), ICP (#48), and Pego (#49).
Protocols are mixed today as well. Top 50 protocols up at least 20% on the weekly include Curve Finance (though think this may be a data glitch) (#9), Pendle (#36), and etherfi (#38).
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 provides a minimum TVL filter so only includes protocols with at least $1M TVL):
Here’s The Top 12 Entities By 24 Hour Revenue 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 @DroseraNetwork. Twitter bio states “The world's first Decentralized Automated Responder Collective (DARC) - impacting the nearly $80 billion in exploits since 2014.” Followed by 13 of our mutuals. h/t @FDRosera:
-New/newish project called @wiskerstrade. Twitter bio states “A decentralized gateway to advanced on-chain trading”. Followed by 42 of our mutuals.
-New project on @Blast_L2 called @HyperBlastDex. Twitter bio states “Experience DeFi innovation on @Blast_L2 ! ⚡️ First AMM DEX with native yield and comprehensive toolkits. Join the revolution. #BlastL2 #HyperBlast”. Followed by 5 of our mutuals. h/t @Beacon_Early:
-Previously-mentioned Mantle lending protocol @InitCapital_ has been added to @DefiLlama. Twitter bio states “Building Liquidity Hook Money Market Lend, Borrow & Access Yield Strategies seamlessly with Liquidity Hooks. Now Live on Mantle.” Followed by 58 of our mutuals.
-Previously-mentioned Telos lending protocol @MeridianFi has been added to @DefiLlama. Twitter bio states “Welcome to Meridian's DeFi hub! A truly fair and fully decentralized stablecoin & Perpetuals trading protocol. Native on @HelloTelos @Base @Neon_EVM”. Followed by 9 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 ($1M+ TVL, single-exposure, no-IL only) and @stable_fish - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Important News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-$ALT airdrop from @alt_layer now live - as always please be EXTREMELY careful connecting your wallet to any sites- embedding tweet from trusted friend @alpha_pls below qt’ing official @alt_layer Twitter announcement, but accessing protocol websites via @coingecko is another extra-safe way to navigate such things:
-Federal Reserve announces it will not renew the Bank Term Funding Program (BTFP), h/t @JackFarley96:
-Thoughts on the above c/o @fejau_inc and @dampedspring:
-Interesting ETF stats c/o @WClementeIII:
-Some interesting historical stats on Bitcoin prices at this point in past halving cycles, c/o @dbaeza13:
-Good overview of current airdrop opportunities, h/t @TheDeFinvestor:
-Now $25M in $crvUSD from @CurveFinance on Arbitrum (was only available on ETH mainnet until recently), h/t @marcov_91:
-@pendle_fi getting lots of attention as of late as its price and TVL keep increasing, h/t @CryptoKoryo:
-Extremely good thread on everything to do with EigenLayer from @definapkin:
-Interesting stats from @KobeissiLetter, showing the South (including Florida and Texas) accounted for 87% of the US’s growth in 2023, though Idaho is the fastest-growing individual state:
-Extremely good thread from @alpha_pls analyzing the impending @JupiterExchange airdrop scheduled for January 31st (sample below):
-New video from @coinbureau analyzing Celestia/$TIA:
-New interview with @SmokeyTheBera about everything going on with @berachain, from @FlyWheelDeFi:
-New @CryptMoose_ interview with popular trader/investor @0x_Kun:
-Parting wisdom c/o @austin_bbytes:
Conclusion
Happy Thursday friends! Stay alert out there!
And please RT/subscribe/etc if you found this valuable!
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Note
Lots of exciting stuff happening with @silentdao_ friends!
Our editor @rektdiomedes has been helping bang the drum about what the gents at @silentdao_ have been building, and things are starting to heat up to say the least!
Once again, Silent is middle-ware privacy/encryption project designed to facilitate composable privacy solutions within the EVM itself... Make sure to follow the official @silentdao_ Twitter account so you don’t miss any important updates!
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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.