Happy Wednesday good degens!
Let’s get after it!
As always… 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):
Total Crypto Market Cap: $3.47T
Gold: $2679.30
Oil (WTI): $74.25
US 10Y Treasury: 4.687%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Attention yield-enjoyoors! Liquidity mining is now live on @Gasp_xyz!
Gasp is the first dex in the Eigenlayer ecosystem and boasts a host of fascinating innovations, and aims to provide “…secure, native cross-chain trading—the first step towards a consolidated asset ecosystem.”
As explained in this excellent article by Gasp co-founder @uPeterKris:
“Our mission is to create an interconnected network of liquidity across all blockchain networks…. [combining] Uniswap’s permissionless listing with Thorchain’s connectivity, while liquidity is secured by its originating L1….”
The above-mentioned liquidity mining is live and allows you to earn $GASP on ETH Mainnet, Arbitrum, and Base, and you can get all the details in the tweet below!
We are going to be helping raise awareness about everything Gasp is rolling out, so make sure to follow them on Twitter for more updates and visit their promoted pools to start liquidity mining now at app.gasp.xyz/pools/promoted!
Biggest TVL Movers + Else
Chains are very red today. Fastest-growing chains on the weekly with at least $10M TVL are Sonic, ZKsync Era, and DuckChain.
Protocols are quite red as well. Fastest-growing protocols on the weekly with at least $10M TVL are Factor, Acala Euphrates, and ReactorFusion.
Here’s The Top 12 Chains By TVL (from @DefiLlama):
Here’s The Top 12 Protocols By TVL (from @DefiLlama):
Here’s The Top Entities By 24 Hour Token-Holders’ Revenue (from @DefiLlama):
Bitcoin Fear/Greed Index:
(from @BitcoinFear)
Chart Of The Day
(Courtesy of our Official Sponsor @vertex_protocol)
-$POL (formerly $MATIC) has been a bit of an under-performer so far this cycle, and is also one of the more polarizing coins in the top 100 in terms of opinions… Do you think its a good candidate to long or short from here anon??? Express your thesis via spot or leverage now with Vertex and access 50+ other markets as well at app.vertexprotocol.com!
New Projects
(note: this includes new projects we find through combing Twitter each day, and we also include or re-include every newly launched protocol added by @DefiLlama that has at least some TVL or is followed by at least some of our mutuals - hence disclaimer: these are not pre-vetted by us so make sure to DYOR!)
-New leveraged farming protocol on Mantle called @Omega_Infra has been added to @DefiLlama. Twitter bio states “Disrupting cross-margin yield farming across the @0xmantle ecosystem.” Followed by 48 of our mutuals.
-New multichain yield aggregator called @GetYieldFi has been added to @DefiLlama. Twitter bio states “Earn yields on stablecoins with less than 1% drawdown & no lock-in. yUSD holders earn highest yield across DeFi & CeFi.” Followed by 76 of our mutuals.
-New dex on Ink chain called @inkyswap has been added to @DefiLlama. Twitter bio states “Out of copium, into Ink. InkySwap on @InkOnChain : Where your next trade could be your best flex... — deploy, bond, ink your legacy.” Followed by 5 of our mutuals.
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (single-exposure, no-IL, $20M+ TVL only) - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Security Alerts
-No security alerts today.
Important News And Analysis
-Rise in yields on long-duration end of the yield curve on US sovereign bonds continues to dominate macro discussions:
-@LDNCryptoClub on the above:
-Morning headlines from @Tyler_Did_It:
-Additional headlines via @blocmatesnews:
-Continued speculation re: Solana ETF later this year, example c/o @Rewkang:
-Seeing mixed takes on the Fantom>Sonic migration, example c/o @crypthoem below:
-Random @0xGeeGee alfa:
-Continued focus on the Federal Reserve and prospect of additional rate cuts, h/t @NickTimiraos:
-Crypto analytics service Nansen is apparently doing a points program:
-@bubblemaps (also a crypto analytics service) is apparently doing an airdrop:
-Very thorough new ‘DeFAI Agent Watchlist’ article from @thedefiedge:
-New @laurashin interview with @kaiynne and @lemiscate on cycles, AI Agents, defi, the Ethereum Foundation, and more:
-New video from The Calculator Guy @phtevenstrong featuring @Dynamo_Patrick, on Solana defi:
-More AI Agent stuff, from @BanklessHQ:
-Parting thoughts from @docXBT:
Conclusion
Have a good Wednesday 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’ 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.