Happy Sunday friends! Weekends are for getting after it 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: $2402.80
Oil (WTI): $80.13
US 10Y Treasury: 4.242%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Take note friends! The Linea ecosystem continues to heat up and @LynexFi is at the heart of it!
Lynex is a ve(3,3) dex and one of the largest protocols on Linea, offering concentrated liquidity pools and automated liquidity management (ALM), and we’ve been helping bang the drum about everything they are doing!
LP’s on Lynex are currently enjoying a variety of benefits, including (depending on specific pool) highly competitive APR’s, Linea LXP-L Point, Turtle Linea Points + Boosted emissions, EigenLayer Restaked Points, 3x Ether.Fi points, and 4x Renzo ezPoints!
$LYNX and $veLYNX are benefiting as well, as Lynex continues to generate substantial revenue and post extremely bullish numbers in a variety of areas!
Learn more about everything have been up to by visiting the Lynex site here, and make sure to follow them on Twitter for more updates!
Biggest TVL Movers + Else
Chains are mostly green today. Top 50 chains up at least 25% on the weekly include Mantle (#16), and Manta (#39).
Protocols are mostly green as well. Top 50 protocols up at least 25% on the weekly include Zircuit Staking (#13), and Magpie Ecosystem (#21).
Here’s The Top 12 Fastest-Growing Chains By TVL On The Weekly With At Least $1M TVL (from @DefiLlama):
Here’s The Top 12 Fastest-Growing Protocols By TVL On The Weekly With At Least $1M TVL (from @DefiLlama):
Here’s The Top 12 Entities By 24 Hour Revenue Generation (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 @Shape_L2. Twitter bio states “The chain for creators ⚫ Shape Culture. Get Gasback. Testnet is live now. Mainnet goes live Q3.” Followed by 10 of our mutuals.
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (single-exposure, no-IL, and $1M+ 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
(key news, twitter threads, articles, videos, etc from last 24 hours)
-Macro schedule for the week ahead c/o @KobeissiLetter:
-More upcoming dates to watch, h/t @osf_rekt:
-Lot of talk about Ripple/XRP on the timeline right now:
-Memecoins, RWA, and AI were the most popular narratives of Q2, according to @coingecko data:
-Weekend check-in c/o @DaanCrypto:
-Was exactly three years ago today that the fabled second leg of the 2021 bull market began, h/t @Beacon_Early:
-More headlines/ticker alfa from @TheDeFinvestor:
-’Quiet Cycle Thesis’ generating much debate, h/t @danielgothits:
-Latest real-time inflation data from @truflation:
-Wise words from @zerototom:
-Wise words from @alpha_pls:
-New crypto/macro video from @Blockworks_:
-Weekly macro summary from Joseph Wang @FedGuy12:
-Update on the Cosmos ecosystem from @Cryptocito:
-Parting sentiments c/o @TyrogueD:
Conclusion
Happy Sunday friends and stay alert out there!
And please RT/subscribe/etc if you found this valuable!
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Note
Take note friends! The gents over at @ReveloIntel just released an interview from @0xKmack with @DariusTabai, co-founder of @vertex_protocol (our Official Sponsor!).
We are embedding the video below so make sure to check it out as it is very much worth watching both for Vertex info and all-around crypto alfa!
And as always make sure to check out Vertex for all your trading needs! They currently offer 40+ perps and spot-markets, seamless crosschain trading, a new fiat on/off ramping integration with @transak, a robust referral program, and exquisite yields for LP’s and VRTX-stakers - who benefit from both ‘RealYield’ paid in USDC as well as the VRTX buyback & burn program!
Visit their site now at app.vertexprotocol.com! 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.