Happy Tuesday friends! Tons of stuff going on!
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: $2437.50
Oil (WTI): $80.43
US 10Y Treasury: 4.20%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
The @vertex_protocol trading competitions on @0xMantle continue good anons!
Here are the dates for the last two remaining rounds:
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
As previously noted, there is a total prize pool of 100K MNT, with the 50 top traders winning a share of 20K MNT each round!
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!
Biggest TVL Movers + Else
Chains are quite green today. Top 50 chains up at least 20% on the weekly include Scroll (#14), Near (#26), Fantom (#34), EOS (#37), and Stacks (#43).
Protocols are quite green today. Top 100 protocols up at least 20% on the weekly include Mellow Protocol (#44), Reserve Protocol (#96), Ring Protocol (#97), and Burrow (#98).
Here’s The Top 12 Fastest-Growing Chains By TVL On The Weekly With At Least $10M TVL (from @DefiLlama):
Here’s The Top 12 Fastest-Growing Protocols By TVL On The Weekly With At Least $10M TVL (from @DefiLlama):
Here’s The Top 12 Entities By 24 Hour Revenue 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 @JoinLegend. Twitter bio states “They say blockchains have a UX problem – we’re here to solve it.” Followed by 18 of our mutuals. h/t @twindoges:
-Something new called @ethervista. Twitter bio states “A new standard for Decentralized Exchanges - Built for @Ethereum and Layer 2s”. Followed by 4 of our mutuals. h/t @twindoges:
-Something new called @oncreator_. Twitter bio states “Create, Connect, Conquer”. Followed by 4 of our mutuals. h/t @DeFiMinty:
-Something new called @augment. Twitter bio states “First DePIN GPU Network with Onchain Energy Verification.” Followed by 12 of our mutuals. h/t @DeFiMinty:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama ($1M+ TVL, single-exposure, no-IL only) - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Security Alerts
-Security alert from @CyversAlert re: @lifiprotocol (note: the Jumper bridge also utilizes @lifiprotocol so if you have used Jumper you may want to look into this more as well (not sure but including this just in case):
Important News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-It appears that the Ethereum ETF’s will be approved and will begin trading next week:
-Trump’s selection of Senator JD Vance as vice-presidential nominee was the other chief subject of discussion over the last 24 hours, with the choice generally being regarded as pro-crypto, h/t @alpha_pls:
-Bitcoin ETF flows looking good again, h/t @EricBalchunas:
-Jerome Powell made statements about rates/inflation yesterday that were generally regarded as dovish:
-Powell also made an interesting comment regarding the US’s vast fiscal overspending, h/t @JackFarley96:
-Interesting coverage of ongoing Binance vs Coinbase liquidity from @geenty:
-Larry Fink was doing more IRL-bullpoasting yesterday, generating much attention + discussion:
-Excellent chart + analysis from @resdegen:
-Interesting chart of daily average @CurveFinance users over the last three years, h/t @NPC_68:
-More headline/ticker alfa from @0xSalazar:
-Wise thoughts from @defi_naly:
-Mike Green @profplum99 interviewed Neil Howe, co-originator of the ‘Fourth Turning’ concept:
-New macro/crypto Q&A livestream from @noahseidman:
-Update on everything Ethereum-related from @sassal0x:
-New crypto news overview from @coinbureau:
-Parting wisdom from @NickDrakon via @QuotableCrypto:
Conclusion
Have a great Tuesday and stay alert out there friends!
And please RT/subscribe/etc if you found this valuable!
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Note
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!
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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.