Happy Friday good frogs! Few more days at most until ETF news!
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: $2047.30
Oil (WTI): $72.95
US 10Y Treasury: 4.044%
Stocks ($SPY as proxy): -0.32%
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!)
@BungeeExchange - bridge to potentially qualify for LayerZero and other potential airdrops
@JumperExchange - bridge to potentially qualify for LayerZero and other potential airdrops
@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
@Hyperliquidx - note: this is a very cool new perps dex we’re a big fan of - is an appchain model so you just deposit $USDCe 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 appchain perps dex presumed to be doing an airdrop... https://app.aevo.xyz/r/Nervous-Grand-Schiff
@JupiterExchange - Solana protocol with rumored large airdrop coming
@MeteoraAG - liquidity/yield protocol on Solana
@DriftProtocol - perps dex on Solana
@phantom wallet - rumored airdrop
@rainbowdotme wallet - earn 'points' for presumed airdrop
@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
@LineaBuild - ETH L2 presumed airdrop
@MantaNetwork - another L2 presumed airdrop
@KelpDAO - EigenLayer restaking protocol - lets you earn towards presumed EigenLayer airdrop and also earns you 'Kelp Points'
@RenzoProtocol - another EigenLayer restaking protocol
@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 mostly green today. Top 50 chains up at least 10% on the daily include Neutron (#45), Telos (#46), and ICP (#48).
Protocols are mostly green today as well. Protocols with at least $50M TVL up at least 10% on the daily include Parallel Super App, Astroport, and Osmosis Dex.
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 24 Hour 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 project called @0xHarborMarket. Twitter bio states “Decentralized lending protocol on BNBChain (launching soon!)”.
-New project called @layerless_io. Twitter bio states “Omnichain Liquid Restaking - Keeping your EigenLayer deposits liquid and usable beyond Ethereum | Powered by @eigenlayer and @LayerZero_Labs.” h/t @toffee248:
-Something new called @Silo_Stake. Twitter bio states “It aint much but it's honest work Liquid Staked iSei”. h/t @Beacon_Early:
-New privacy project called @WhirlPrivacy. Twitter bio states “The first frictionless multichain privacy solution. Swap, Bridge, Disperse, Fund. Privately. All within a single DApp. 🔋 Wallet extension coming soon.” h/t @Beacon_Early:
Security Alerts
-@CertiK’s Twitter account has apparently been hacked:
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)
-Rumors that ETF approvals will be announced today rather than next week as most are expecting:
-Celsius unstaking a large amount of $ETH generating much discussion:
-Overview of weekly developments c/o @TheDeFinvestor:
-New airdrop from @Sagaxyz_:
-Quick summary of eligibility for above SAGA airdrop c/o @CosmosHOSS:
-Transactions on @SeiNetwork surging upward, from good thread of Sei stats from @FarmerTuHao:
-@phantom wallet user numbers still surging upward as well as Solana excitement continues, h/t @JasonYanowitz:
-New monthly newsletter/article from macro + Bitcoin expert @LynAldenContact:
-Trading/investing wisdom from @Route2Fi:
-Airdrop season still in full swing, h/t @phtevenstrong:
-Current market thoughts from @Rewkang:
-New episode of NFA Live featuring @coinbureau, @NewsAsset, and @intocryptoverse:
-New video guide to Cosmos airdrops from @Dynamo_Patrick:
-New @blocmatesdotcom video featuring @jediblocmates and @grantblocmates going hard on the gem hunting:
-Parting sentiments c/o @FarmerBrownDeFi:
Conclusion
Happy Friday and stay on your toes out there 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.