Happy Saturday friends!
Let’s get after it!
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: $2416.00
Oil (WTI): $82.21
US 10Y Treasury: 4.186%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
The team at @silentdao_ is diligently working on some extremely important privacy tech, building what is essentially meant to be a middleware privacy/encryption layer designed to facilitate composable privacy solutions within the EVM itself... so that you can utilize all the same mechanisms and protocols on-chain you normally would, but with built-in privacy protection while you do so!
Our editor @rektdiomedes has been helping raise awareness about what the @silentdao_ team have been building, and their launch is coming soon, and follow them on Twitter for more updates!
And make sure to check out their latest article below!
Biggest TVL Movers + Else
Chains are quite green today. Biggest gainer on the weekly among top 50 chains is Core (#34) at +76.10%.
Protocols are also quite green today. Biggest gainer on the weekly among top 100 protocols is Scroll farm Pencils Protocol (#99) at +93.71%.
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):
Bitcoin Fear/Greed Index:
(from @BitcoinFear)
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 @TradeVala. Twitter bio states “The most deranged exchange in the game. Trade with your wild side. 👇 for WL spots.” Followed by 2 of our mutuals. h/t @tradetheflow_:
-New project called @GenaireFinance. Twitter bio states “Restake native ETH & integrated ETH LSTs with @eigenlayer to earn dual rewards while staying liquid and crosschain. — Coming Soon”. Followed by 6 of our mutuals. h/t @TweetByGerald:
-New project called @prodialabs. Twitter bio states “Everything you need in one dynamic image generation API.” Followed by 21 of our mutuals. h/t @brave_raf:
-Something new called @hyperlendx. Twitter bio states “The first lending platform on @HyperliquidX EVM chain, coming soon!” Followed by 10 of our mutuals. h/t @AresLabs_xyz:
-Something new called @nucleofinance. Twitter bio states “crypto’s first liquidity layer • secured by @eigenlayer”. Followed by 5 of our mutuals. h/t @AresLabs_xyz:
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 @peckshield:
Important News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-Fear & Greed Index has not been this low since January 2023, h/t @NPC_68:
-Japan currency issues still dominant macro story, h/t @zerohedge:
-SEC drops investigation into Stacks, one day after dropping investigation into Paxos, h/t @DefiIgnas:
-Germany has sold all its coins, h/t @dunleavy89:
-RWA/Institutional narrative continues to heat up, h/t @crypto_condom:
-Comments on Ethereum from Nvidia CEO Jensen Huang are generating lots of attention:
-Sentiment check, h/t @modul4re:
-Additional headlines c/o @Cprinze_:
-Trading wisdom from @0x_Kun:
-Good long-form thoughts on ETHcc from @DeFiDave22:
-The current bull case, from @theunipcs:
-New episode of @0xSteadyLads podcast:
-New roundtable discussion from @Unchained_pod:
-New weekly roll-up from @BanklessHQ going over several dozen of the top stories in crypto:
-Parting wisdom from @TyrogueD:
Conclusion
Have a great Saturday friends and don’t forget to touch some grass this weekend!
And please RT/subscribe/etc if you found this valuable!
-
-
Note
As previously mentioned, our friends at @vertex_protocol have a new series of trading competitions taking place on ETH L2 @0xMantle!
There are 5 rounds of six day competitions, with breaks in between, a total prize pool of 100K MNT, and the 50 top traders per round winning a share of 20K MNT each round!
Two of the competitions are already complete, but here is the schedule for the remaining three:
3rd Round: 9th July 2024, 12:00 PM UTC - 15th July 2024, 16:00 PM UTC
4th Round: 16th July 2024, 12:00 PM UTC - 22nd July 2024, 16:00 PM UTC
5th Round: 23rd July 2024, 12:00 PM UTC - 29th July 2024, 16:00 PM UTC
And as always Vertex is our Official Sponsor so if you are an active trader then make sure to get started with them now and get access to 40+ perps & spot markets on their site at app.vertexprotocol.com!
And follow them on Twitter for more updates as well!
-
-
***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.