Happy Tuesday good degens! Lots of stuff going on!
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: $2337.80
Oil (WTI): $84.00
US 10Y Treasury: 4.458%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Take note friends! Linea TVL has been surging and @LynexFi is at the heart of it!
Lynex is one of the top dex’s on Linea, with over $35M in TVL, and we’ve been helping bang the drum about everything they have been working on…
They’ve been unleashing all sorts of cool updates as of late, and generating much excitement as things on Linea keep ramping up!
They just released a new Single Deposits page, where users can LP with increased simplicity and low impermanent loss!
Learn more about this below, visit the Lynex site here, and make sure to follow them on Twitter for more updates!
Biggest TVL Movers + Else
Chains are mostly red today. Only top 20 chains green on all three timelines (daily, weekly, monthly) are Linea (#11), TON (#12), Hyperliquid (#16), and Scroll (#19).
Protocols are mostly red today as well. Only top 50 protocols green on all three timelines (daily, weekly, monthly) are JustStables (#24), Lista DAO (#41), Ondo Finance (#42), SUN (#43), and Hyperliquid (#44).
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)
Top Trending Tokens:
(from @dexscreener - 24 hour timeframe)
Chart Of The Day
(Courtesy of our Official Sponsor @vertex_protocol)
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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 @AIGram_HQ. Twitter bio states “1st Layer3 operated by #AI, Proof of Burn (PoB). $AIG Bonding Curve: Burn + Leverage. L3 Mainnet: ▓░░░░░░░░░░ 9.54% Airdrop is Open...” Followed by 3 of our mutuals. h/t @brave_raf:
-Something new called @satlayer. Twitter bio states “Modular security powered by Bitcoin, built on @babylon_chain”. Followed by 3 of our mutuals. h/t @brave_raf:
-Something new called @RyzzProtocol. Twitter bio states “Omnichain Live Entertainment Hub Soon”. Followed by 4 of our mutuals. h/t @brave_raf:
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)
-Biggest story over the last 24 hours was Circle receiving the first ever EU MiCA license, h/t @martypartymusic for the good summary below:
-Yen blowing out and US bond yields surging are the dominant topic in macro right now, h/t @fejau_inc:
-Very interesting Solana stat from @smyyguy:
-US economic growth numbers seem to be slowing, h/t @zerohedge:
-Increasing focus on DePIN narrative, h/t @sandraaleow:
-There are now 53 different LST’s on Solana, as its liquid-staking ecosystem continues surging, from excellent thread from @tomwanhh:
-PayPal’s stablecoin continues to grow, h/t @MarcoWorms:
-Increasing focus on upcoming FTX estate distributions, h/t @TheDeFinvestor:
-Latest real-time inflation data from @truflation:
-Thread from @DefiIgnas about Polkadot treasury expenditures is generating much discussion:
-Additional headlines c/o @Cprinze_:
-New roundtable of ETH ETF thoughts/predictions from @BanklessHQ:
-Latest crypto/macro livestream from @noahseidman:
-Crypto-adjacent parting wisdom from @visakanv:
Conclusion
Have a great Tuesday friends and stay hypervigilant out there!
And please RT/subscribe/etc if you found this valuable!
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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.