Happy Sunday friends! 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: $2432.80
Oil (WTI): $77.16
US 10Y Treasury: 4.193%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Take note friends, @LynexFi now offers an extremely cool feature that lets LP’s choose their preferred strategy from a range of automated liquidity managers (ALMs)… This has numerous benefits, including simplifying concentrated liquidity provisioning, ensuring all such LP positions are automatically tweaked and optimized to run at peak efficiency, and (as a result) maximizing yields (and points!)…
As background, Lynex is a ve(3,3) dex and one of the largest protocols on Linea, and we’ve been helping bang the drum about everything they are doing!
LP’s on Lynex are currently earning a ton of different points for various airdrop programs, and $LYNX and $veLYNX holders are benefiting as well, as Lynex continues to generate substantial revenue and post extremely bullish numbers!
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 red today. Fastest-growing chains on the weekly with at least $10M TVL are XRPL, BounceBit, and Chilliz.
Protocols are quite red today as well. Fastest-growing protocols on the weekly with at least $10M TVL include Kava services protocol Sailing Portfolios, Chilliz dex Kayen Protocol, and multichain RWA protocol Dinari.
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 Token-Holders’ Revenue (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!)
-New stablecoin project called @withAUSD. Twitter bio states “Digital dollars are public goods.” Followed by 59 of our mutuals. h/t founder @DrakeEvansV1:
-Something new called @KorProtocol. Twitter bio states “Powering the Largest Onchain IP Economies ▪️ Backed by @animocabrands @joinrepublic @solana ▪️ Ecosystem: @blackmirror_xp @NianticLabs @pixelynx_io @beatport”. Followed by 6 of our mutuals. h/t @DeFiMinty:
-New prediction market protocol on Mode called @BetMode_io has been added to @DefiLlama. Twitter bio states “🏗️ Built on @modenetwork 🟡 🎰 Bet, Mode, Repeat!…”
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama ($10M+ 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
-No security alerts today.
Important News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-Donald Trump’s speech in Nashville yesterday has been generating massive attention:
-Good summary from @WClementeIII:
-Thoughts from @crypto_condom:
-More in-depth breakdown from @Picolas_Caged:
-Macro schedule for the week ahead, h/t @KobeissiLetter:
-Crypto watchlist h/t @TheDeFinvestor:
-Bitcoin ETF flows update, h/t @DaanCrypto:
-@DefiLlama now tracking ETH ETF’s:
-Great battles were fought in the memecoin trenches over the last 24 hours, dominating discussions on the TL, h/t @thedefivillain:
-Upcoming Scroll airdrop continuing to generate lots of attention, h/t @NPC_68:
-Conference thoughts from @0xMert_:
-Full Trump speech from Bitcoin Nashville:
-New roundtable discussion from @thebellcurvepod featuring @im_manderson, @pythianism, and @MikeIppolito_:
-Parting wisdom from @safetyth1rd, via @QuotableCrypto:
Conclusion
Happy Sunday good frogs! Stay alert out there!
And please RT/subscribe/etc if you found this valuable!
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Note
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: 257,176 USDC
Maker Rebates: 65,315 USDC
Gas Cost: 8,978 USDC
Edge Credit: 35,955 USDC
Edge Debit: 21,105 USDC
Net Revenue: 197,731 USDC
Net Mantle Revenue: 16,681 USDC
Staking Distribution: 107,206 USDC
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! :)
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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.