Happy Thursday good frogs!
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: $2470.30
Oil (WTI): $83.24
US 10Y Treasury: 4.188%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Attention yield enjoyoors! @vertex_protocol just made their most recent rewards distribution of $USDC to $VRTX-stakers!
Here are all the stats!
Staking Rewards Calculation (Prev. 7 Days) 🧮
Total Fees: 281,177 USDC
Maker Rebates: 64,266 USDC
Gas Cost: 8,788 USDC
Edge Credit: 32,271 USDC
Edge Debit: 33,799 USDC
Net Revenue: 206,593 USDC
Net Mantle Revenue: 19,777
USDC Staking Distribution: 113,185 USDC
In addition, ARB and MNT rewards are available to claim on those respective chains as well!
Once again, Vertex is our Official Sponsor, so make sure to follow them on Twitter for more updates and visit their site now to get started trading and/or earning stellar yields like those detailed above! :)
Biggest TVL Movers + Else
Chains are mixed today. Top 50 chains up at least 20% on the weekly include Mantle (#18), PulseChain (#24), Near (#25), and EOS (#35).
Protocols are mostly red today. Only top 50 protocols green on all three timelines (daily, weekly, monthly) are Compound Finance (#14), Karak Protocol (#31), Coinbase Wrapped Staked ETH (#37), StakeStone (#39), Aerodrome (#40), Ondo Finance (#46), and Jupiter (#50).
Here’s The Top 12 Fastest-Growing Chains By TVL On The Weekly With At Least $50M TVL (from @DefiLlama):
Here’s The Top 12 Fastest-Growing Protocols By TVL On The Weekly With At Least $50M TVL (from @DefiLlama):
Here’s The Top 12 Entities By 24 Hour Token-Holders’ Revenue (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 @BitdromeFi. Twitter bio states “the best place to farm and trade with your BTC assets.” Followed by 14 of our mutuals. h/t @DeFiMinty:
-Something new called @SurgeBuild. Twitter bio states “Bitcoin's first high-performance, modular, customisable app-specific RaaS platform.” Followed by 2 of our mutuals. h/t @DeFiMinty:
-Something new called @Hypurrfun. Twitter bio states “The fastest telegram trading bot for Hyperliquid”. Followed by 25 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 @CyversAlerts:
Important News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-Info on ETH ETF fees are out, h/t @LDNCryptoClub:
-Lot of talk about Grayscale products/fees/etc relating to the above, as usual @EricBalchunas’ account has quite a bit of discussion worth checking out on it:
-Update on BlockFi distributions, h/t @WuBlockchain:
-Interesting stats on drawdowns and post-bottom bounces on a number of alts, h/t @thedefivillain:
-Interesting thoughts on $WBTC (wrapped Bitcoin) from @0xngmi:
-Polymarket now regularly getting featured on mainstream news, h/t @basedkarbon:
-(Related) interesting long-form thoughts on prediction markets from @tomkysar (click to read in full):
-Additional headlines c/o @Cprinze_:
-And more news c/o @0xSalazar:
-Thoughts on vc coins vs memecoins from @0xSisyphus:
-Thoughts on crypto x AI from @intern:
-New video from @BanklessHQ with Michael Nadeau on the question of ETH vs SOL valuations:
-New roundtable discussion from @0xResearch:
-New @coinbureau livestream going over a bunch of the top stories/topics in crypto:
-Parting wisdom from @RunnerXBT 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
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.