Happy Thursday good degens! The excitement continues!
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: $2388.20
Oil (WTI): $82.56
US 10Y Treasury: 4.287%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Lots going on in the @MetisL2 ecosystem friends!
‘SequencerMining’ is generating particular attention, and @ArtemisFinance is assisting Metis-appreciaters in generating substantial rewards with it!
As Artemis states:
“…sequencer rewards are auto-compounded to generate more rewards for you! This means that you don’t have to claim your rewards frequently, and when you choose to redeem, you will receive more #METIS than your original stake as the sequencer rewards are withdrawn simultaneously!”
You can learn more via the tweet and quoted thread below, and get started now at artemisfinance.io/stake!
We’ve been helping raise awareness about everything going on with Metis, so make sure to follow their official Twitter account @MetisL2 for more updates!
Biggest TVL Movers + Else
Chains are mixed today. Top 50 chains green on all three timelines (daily, weekly, monthly) include Hyperliquid (#14), Scroll (#15), and dYdX (#33).
Protocols are mixed today as well. Top 50 protocols green on all three timelines (daily, weekly, monthly) include JustStables (#24), Hyperliquid (#39), Ondo Finance (#40), and Mellow Protocol (#48).
Here’s The Top 12 Fastest-Growing Chains By Weekly TVL Growth With At Least $20M TVL (from @DefiLlama):
Here’s The Top 12 Fastest-Growing Protocols By Weekly TVL Growth With At Least $20M TVL (from @DefiLlama):
Here’s The Top 12 Entities By 24 Hour Fee Generation (from @DefiLlama):
Bitcoin Fear/Greed Index:
(from @BitcoinFear)
Top Trending Tokens:
(from @dexscreener - 24 hour timeframe)
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!)
-Something new called @TONSquare_io. Twitter bio states “The Most Practical TON Layer-2 Network! Testnet now LIVE…” Followed by 3 of our mutuals. h/t @brave_raf:
-Something new called @VennBuild. Twitter bio states “The first decentralized cybersecurity infra network for blockchains and applications ⚡️🤖 Powered by @eigenlayer”. Followed by 3 of our mutuals. h/t @brave_raf:
-Something new called @HappyChainDevs. Twitter bio states “The simple happy game chain.” Followed by 12 of our mutuals. h/t @AresLabs_xyz:
-Something new called @vifi_cc. Twitter bio states “Virtual Finance is a parallel market protocol that mints synthentic USD-backed stablecoins for emerging market currencies”. Followed by 4 of our mutuals. h/t @AresLabs_xyz and @tonyolendo:
-New project called @blinkfansxyz. Twitter bio states “Public-good analytics platform for Blinks. Built by @scattering_io . Blinks Builder”. Followed by 3 of our mutuals. h/t @AresLabs_xyz:
-Something new called @ofc_the_club. Twitter bio states “@onefootball 🤝 @AnimocaBrands 🤝 @base Welcome to OneFootball Club. A place for fans, rewards & unprecedented access to the sport we all love.” Followed by 3 of our mutuals. h/t @davidtsocy:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (all types, $10M+ TVL) - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Security Alerts
-Security alert from @WuBlockchain:
Important News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-Donald Trump to be speaking at Bitcoin conference apparently:
-Newest CPI inflation report to come out today, h/t @KobeissiLetter:
-@truflation numbers still hovering just under 2%, as they have been for several months:
-More headlines c/o @blocmatesnews:
-Additional ticker/news alfa from @0xSalazar:
-The ratio of total US stock market cap divided by GDP has hit all-time high’s:
-Goldman Sachs to launch three tokenization projects by end of year, h/t @DeItaone:
-Lots of discussion around the nuances of Jerome Powell’s statements this week, h/t @LukeGromen and @StealthQE4:
-3Pool on Curve is back in balance, h/t @NPC_68:
-Fatalistic bullishness from @goodalexander:
-Thoughts from @thedefiedge:
-Very interesting new collab/interview between @BanklessHQ and Andrew Henderson @nomadcapitalist:
-New roundtable discussion from @0xResearch:
-New Doomberg interview for our macro fans:
-Parting wisdom c/o @zerototom via @QuotableCrypto:
Conclusion
Have a great Thursday and stay alert out there friends!
And please RT/subscribe/etc if you found this valuable!
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Note
If you are a yield-maximalist make sure to check out our Official Sponsor @vertex_protocol!
As noted by @vertexintern below, users can currently earn 21% APY on USDC!
In addition, if you like juicy yields, you can also stake VRTX to benefit from both ‘RealYield’ paid in USDC and the official VRTX buyback & burn program!
Visit their site now at app.vertexprotocol.com for the above-noted opportunities and 40+ perps and spot markets and make sure to follow them on Twitter for more updates!
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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.