Happy Monday friends! ETF week is here!
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: $2026.90
Oil (WTI): $71.68
US 10Y Treasury: 4.061%
Stocks ($SPY as proxy): N/A
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!)
@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
@BungeeExchange - bridge to potentially qualify for LayerZero and other potential airdrops
@JumperExchange - bridge to potentially qualify for LayerZero and other potential airdrops
@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
@azuroprotocol - GambleFi project with (presumed) airdrop, deposit TVL such as USDT via Polygon
@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 now ongoing 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 red today. Only top 50 chains green on all three timelines (daily, weekly, monthly) are Manta (#10), and Stacks (#38).
Protocols are mostly red today as well. Top 100 protocols green on all three timelines (daily, weekly, monthly) include Blast (#17), StakeStone (#27), Swell (#42), Lightning Network (#53), Mountain Protocol (#69), etherfi (#77), and RealT (#87).
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):
Here’s The Top 12 Chains By 7 Day Stablecoin Inflow % (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 @BrcPort. Twitter bio states “Building Bitcoin Infastructure Bridge, Launchpad, Cross Chain Swaps, inscription, Ordinal NFT Minter all in Hub.”
-New trading bot project called @TotoroScanner. Twitter bio states “MultiChain Scanner & Sniper with Advanced Filtering; For Traders, By Traders 🎯”. h/t @Beacon_Early:
-Something new called @Brc_Fi. Twitter bio states “One-stop DeFi hub on #Bitcoin, Unlock endless possibilities in the world of BRC20...” h/t @Beacon_Early:
-Something new called @LumiBitL2. Twitter bio states “The 1st Bitcoin L2 based on zero-knowledge rollup…” h/t @AresLabs_xyz:
-Something new on Arbitrum called @Citadel_Finance. Twitter bio states “$CIT is a brand new Treasury-backed Defi protocol. Built on @Arbitrum. Inspired by $OHM and $SYNC.” h/t @AresLabs_xyz:
-New trading bot project on @Blast_L2 called @TornadoBlastBot. Twitter bio states “The best bot to trade and snipe any token on @Blast_L2 ! Native $BLAST, $TRND & revenue share rewards! Fly above the storm of gains🌪️” h/t @AresLabs_xyz:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (all types, $10M+ 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)
-Last minute fight on fees among ETF providers as market braces for the expected approvals this week:
-Alts had a bit of a mini-crash overnight as they continue to get slammed vs $BTC, h/t @hansolar21:
-Macro schedule for the week ahead, h/t @KobeissiLetter:
-Good chart from @hosseeb of the renewed volatility we’ve been seeing the last few weeks:
-Bitcoin still a 50% move from previous all-time high going into ETF week, h/t @MacroCRG:
-Ticker/narrative watchlist for the week ahead, c/o @TheDeFinvestor:
-Very bullish macro chart from @defi_gaz:
-US office real estate continues to get pummeled, h/t @KobeissiLetter:
-Excellent thread/long-form thoughts from @alpha_pls:
-Very well-done airdrop thread from @CoinBeatsxyz:
-Sentiments c/o @ZeMariaMacedo:
-New macro discussion from @AndreasSteno’s YouTube channel:
-Parting wisdom c/o @CryptoKaduna:
Conclusion
Happy Monday friends! Enjoy the historic week whatever ends up happening! :)
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.