Happy Friday good degens!
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: $2039.80
Oil (WTI): $76.67
US 10Y Treasury: 4.124%
Stocks ($SPY as proxy): +0.54%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Tons of stuff going on with our friends at @StructFinance good anons!
As background, Struct is an extremely cool Avalanche-based project we’ve been helping spread the word about that provides structured finance products to maximize investors’ risk-adjusted yields….
They have entered 2024 shipping up a storm, and recently announced their new Auto-Pools partnership with @TraderJoe_xyz… and they will be receiving $1M in $AVAX Avalanche Rush incentives to aid them in strengthening the Avalanche ecosystem and deepening liquidity within it!
Check out this tweet from Avalanche co-founder @luigidemeo about the latter announcement below!
Biggest TVL Movers + Else
Chains are mixed today. Top 30 chains green on all three timelines include Sui (#12), Mantle (#22), and Rootstock (#24).
Protocols are also mixed today. Some notables include EigenLayer- now at #12- at +69.72% on the monthly, Mantle Staked ETH (#23) at +97.95% on the monthly, and Pendle (#34) at +84.33% on the monthly.
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):
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!)
-New project called @opindexer. Twitter bio states “OPI is the first open-source indexer for BRC-20 & other protocols on Bitcoin. Become an indexer today!” Followed by 2 of our mutuals.
-Something new called @monprotocol. Twitter bio states “The Future of IP Governance. $MON Token launching Q1 2024. Launch Partner - @Pixelmon”. Followed by 10 of our mutuals.
-Something new called @HeliosphereOne. Twitter bio states “Bitcoin L2 Scaling Solution. Optimistic rollup with settlement to BTC and trustless bridging.” Followed by 2 of our mutuals. h/t @twindoges:
-New ETH L2 project called @Azure_L2. Twitter bio states “Azure is an Ethereum layer 2 scaling solution using cutting edge ◎ Knowledge Ethereum Virtual Machine Technology.” Followed by 4 of our mutuals. h/t @twindoges:
-New @berachain project called @hunnypotdex. Twitter bio states “Swap, Lend and Borrow or Trade on margin using our native next gen AMM built on top of @berachain 🐻⛓️📈” Followed by 8 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!
-No security alerts today.
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)
-Important defi headlines c/o @0xSalazar:
-Additional news + alfa recap from @TheDeFinvestor:
-Market thoughts from @fejau_inc and @cburniske:
-More market thoughts from @blockchaingdo69:
-@phantom wallet on Solana launches ‘Birdseye’ pricing feature, h/t @kevin0kim:
-Interesting chart of $USDC supply c/o @WClementeIII:
-US commercial (primarily office) real estate crisis continues, h/t @KobeissiLetter:
-Median home sale price in US also down 17% from October 2022 high, h/t @charliebilello:
-Thoughts on Ordinals from @wronguser000:
-Options expiry today generating attention, h/t @WuBlockchain and @GreeksLive:
-Interesting thread/guide from @0xjaypeg re: Solana NFT marketplace @tensor_hq and its presumed airdrop:
-New interview with macro + Bitcoin expert @PrestonPysh from @NatBrunell:
-New weekly roll-up from @BanklessHQ:
-New interview with @santiagoroel all about Solana and his thesis on it c/o @lightspeedpodhq:
-New episode of NFA Live featuring @coinbureau, @NewsAsset, and @IntoCryptoverse:
-Parting wisdom c/o @ChadCaff:
Conclusion
Happy Friday and stay alert out there friends!
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.