Happy Monday friends! Another big week 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 @CryptoBubbles):
Gold: $2396.00
Oil (WTI): $79.41
US 10Y Treasury: 4.212%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
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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!
Biggest TVL Movers + Else
Chains are mostly green today. Chains with at least $50M TVL up at least 8% on the daily include Manta, Scroll, and zkLink Nova.
Protocols are mostly green today as well. Protocols with at least $50M TVL up at least 15% on the daily include Scroll farm Pencils Protocol, Manta CeDeFi Stake, Arbitrum/Avalanche leveraged farming protocol DeltaPrime, and Base/TON RWA protocol Cygnus Finance.
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 Fee 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 @ProtocolNexus_. Twitter bio states “Dynamic Collateralized Rebase Protocol.” Followed by 5 of our mutuals. h/t @AresLabs_xyz:
-Something new called @dbkchain. Twitter bio states “A Layer2 chain built on the OP Stack”. Followed by 6 of our mutuals. h/t @AresLabs_xyz:
-Something new called @movelend. Twitter bio states “Liquidity Portal of @Movementlabsxyz. Built for reusable liquidity...” Followed by 6 of our mutuals. h/t @AresLabs_xyz:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (single-exposure, no-IL, and $10M+ TVL only) - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Security Alerts
-No security alerts today.
Important News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-$BTC closes weekly above 68k, h/t @DegenerateNews:
-Coinbase Premium popped back up over the weekend, h/t @fejau_inc:
-Solana dex volumes keep surging, h/t @alpha_pls:
-China interest rate cuts generating much attention in macro circles:
-Stablecoin transaction volume hit a record all-time high in Q2, h/t @APompliano:
-Dex vs cex ratio also hits new all-time high, h/t @TheDeFinvestor:
-Interesting stats on median net worth by age group in the US, h/t @unusual_whales:
-Bullish sentiments from @zhusu:
-Thoughts on memecoins from @CryptoKoryo:
-Interesting observation from @cobie:
-New video of TA and cycle thoughts from @DaanCrypto:
-New @TaikiMaeda2 farming update + interview with @delucinator:
-New macro interview with @NorthmanTrader:
-Parting sentiments c/o @noahseidman:
-And more parting sentiments from @wronguser000:
Conclusion
Have a great Monday friends and stay alert out there!
And please RT/subscribe/etc if you found this valuable!
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Note
Take note good degens! 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!
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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.