Happy Thursday good degens! 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: $2415.20
Oil (WTI): $76.04
US 10Y Treasury: 4.229%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Big reports about Celsius attempting to clawback funds from users who withdrew their assets in the 90 days before the exchange imploded are shining a huge light on the advantages of decentralized exchanges…
In the past many would point to a superior UX on cex’s, however the dex landscape has made massive strides in the last two years, and you can now get the cex-level experience purely on-chain with our Official Sponsor @vertex_protocol!
Vertex currently offers over 40 different perps and spot markets, utilizing a state of the art cross-chain liquidity infrastructure via their Edge system @EdgeLayer!
In addition, if you like juicy yields, you can also stake VRTX to benefit from both ‘RealYield’ paid in USDC and the official VRTX buyback & burn program!
@ReveloIntel just published a new thread + report on Vertex, so make sure to check it out below, and visit 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 quite red today. Only top 50 chains green on the daily are Aptos (#21), Fantom (#35), and BounceBit (#48).
Protocols are extremely red as well. Only top 50 protocols green on the daily are JustStables (#24), SUN (#43), and Ondo Finance (#45).
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 @ethervista. Twitter bio states “A new standard for Decentralized Exchanges - Built for @Ethereum and Layer 2s”. Followed by 4 of our mutuals. h/t @brave_raf:
-New project called @PATHAILAB. Twitter bio states “Open source decentralised network of uncensored AI Agent and Model training platform, built on @Solana”. Followed by 4 of our mutuals. h/t @brave_raf:
-New basis trading protocol on Bitcoin called @Bitfi_Org has been added to @DefiLlama. Twitter bio states “The world's best kept secret for #BTC holders”. Followed by 1 of our mutuals.
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (all types, $10M+ TVL) - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Security Alerts
-Security alert from @CyversAlerts:
Important News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-The stock market saw its biggest correction in years yesterday:
-Crypto prices were also quite negative:
-ETF thoughts from @DaanCrypto:
-Pro-crypto Senator Cynthia Lummis to announce legislation to make Bitcoin a US strategic reserve asset apparently:
-Interesting stat that apparently 80% of monthly active traders on Uniswap are on Base, h/t @tokenterminal:
-Protonmail has released a new Bitcoin wallet:
-Additional headlines c/o @0xSalazar:
-Bullish thoughts on Mantle/$MNT from @alpha_pls:
-Great thread from @0xAlunara of how to do essentially all of one’s financial dealings purely on-chain and all the protocols/projects/etc used in doing so:
-New Scroll airdrop farming guide from @CC2Ventures:
-Important sentiments/reminder from @CryptoKoryo:
-New interview with macro gigabrain @WarrenPines from @AndreasSteno:
-New roundtable discussion on ETF flows/institutions/etc from @0xResearch:
-New interview with macro gigabrain and Bitcoin-evangelist @LynAldenContact from @fejau_inc on @Blockworks_:
-Latest Cosmos ecosystem news from @Cryptocito:
-New crypto/macro livestream from @noahseidman:
-Parting wisdom from @KenCharts via @QuotableCrypto:
Conclusion
Happy Thursday friends! Stay alert out there!
And please RT/subscribe/etc if you found this valuable!
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Note
Greetings good degens!
A new project called @MagnifyCash is having its LBP on @FjordFoundry!
“Magnify Cash is making history with the most community-centric Liquidity Bootstrapping Pool (LBP) ever held on Fjord Foundry, where 57% of the $MAG token supply will be initially pooled.
Led by Tytan.ETH and Digital Lawrence, two prominent members of the Pudgy Penguins community, Magnify Cash has received overwhelming support globally to build a platform that supports lending in any currency, against any collateral, on your own terms.
$MAG is Magnify Cash’s ecosystem token and accrues value through platform revenue sharing. It’s used for governance, ecosystem growth and incentives for community members, builders and power users.”
The LBP runs from 12AM UTC July 24th to 12AM UTC July 27th so make sure to check it out if interested!
And to learn more about Magnify Cash, head to their Website, check out their Gitbook and follow them on Twitter!
Note: This Spotlight is part of our partnership with @TailoredWeb3 from our friend @JiraiyaReal!
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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.