Happy Sunday 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: $2018.75
Oil (WTI): $78.01
US 10Y Treasury: 4.139%
Stocks ($SPY as proxy): N/A
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
The gents at @StructFinance keep generating attention…
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, and they have entered 2024 shipping up a storm…
They 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 the excellent thread on them below from @thedefiedge:
Biggest TVL Movers + Else
Chains are all quite green today. Top 50 chains up at least 90% on the monthly include Manta (#9), Sui (#10), PulseChain (#11), Injective (#45), and ICP (#47).
Protocols are also quite green today. Protocols with at least $10M TVL up at least 70% on the weekly include multichain dex ZenLink, Solana dex GooseFX, ETH Mainnet yield protocol Llama Airforce, and multichain derivatives protocol LogX.
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!)
-New perps dex being built on @Blast_L2 called @BloomOnBlast. Twitter bio states “The first perpetuals DEX purpose built for rebasing assets, powered by @Blast_L2 | Gas-less trading, social logins, boosted yields, and up to 50x leverage.” Followed by 7 of our mutuals.
-New lending protocol being built on @berachain called @BerryBadFinance. Twitter bio states “A premier isolated lending protocol coming to @berachain | dev @0xWinnieThePooh”. Followed by 8 of our mutuals. h/t @twindoges:
-Another new @berachain project called @BeraLinks. Twitter bio states “Composable Identity & Social layer for BeraChain Ecosystem. Made For all Beras, By Beras. Created By : @ParallaxNet”. h/t @twindoges:
-Something new on Arbitrum called @TwiceProtocol. Twitter bio states “The most well-rounded Degen protocol on #Arbitrum.”. Followed by 4 of our mutuals. h/t @thealphadigest:
-Something new called @Ordigen_brc20. Twitter bio states “Explore OrdiGen, the cross-chain swap protocol allowing ETH Degens to seamlessly inject liquidity into the booming BRC-20 ecosystem.” Followed by 5 of our mutuals. h/t @thealphadigest:
-New project called @_FractalNetwork. Twitter bio states “Unlocking Zk in Web3 • Slip-resistant DeFi • User-owned Identities”. Followed by 4 of our mutuals. h/t @thealphadigest:
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!
-It appears that actress Sydney Sweeney’s Twitter account was hacked for the purpose of posting a Solana meme coin, h/t @3orovik:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama ($10M+ 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)
-Upcoming @JupiterExchange airdrop on January 31st is generating much attention, h/t @wronguser000:
-(Related) around 50% of WEN has been claimed so far, h/t @CoinDesk:
-Interesting stats from @Flowslikeosmo:
-Token unlocks data for the coming week c/o @Token_Unlocks:
-Ticker alfa c/o @layerggofficial:
-More ticker/narrative alfa c/o @TheDeFinvestor:
-Bitcoin’s 12 month annualized volatility was at its lowest level ever for January 2024, h/t @charliebilello:
-Interesting Blur NFT marketplace data from @punk9059:
-Interesting story re: NFT’s and licensing re: Pudgy Penguins, h/t @ASvanevik:
-Extremely well-done thread on LNG (liquified natural gas), which has been getting lots of attention in the macro + geopolitical world as of late, from @SStaczynski:
-Narrative/cycle thoughts c/o @thedefivillain:
-Weekly macro update from Joseph Wang @FedGuy12:
-New interview re: parallelization with @LoganJastremski from @theempirepod:
-New protocol breakdown from @Ceazor7, on @vectorreserve:
-New crypto + macro video from @Blockworks_ featuring @MarkYusko and @MikeIppolito_:
-Parting wisdom c/o @Pentosh1:
Conclusion
Happy Sunday good degens! Stay alert out there!
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.