Happy Thursday and Happy 4th of July good degens!
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: $2366.70
Oil (WTI): $83.41
US 10Y Treasury: 4.354%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Another very cool opportunity from @vertex_protocol! Yield-enjoyoors can now deposit USDC into @skate_chain ’s Vertex Liquidity Vault and earn some very serious ARB rewards over the next 11 weeks!
As stated in the thread below:
“Skate’s Vertex Liquidity Vault currently encompasses the $BTC-PERP & $ETH-PERP markets. The vault previously underwent 2 months of testing, and was audited by @VeridiseInc with rigorous back-testing by @TokkaLabs…
Skate’s Liquidity Vault is available natively on the Vertex app 👀 Besides $ARB rewards, users can also earn Ollie points by becoming an LP 🤝 Go to “Earn”, select “Vaults” and participate directly from within the app!”
Learn more below, and as always- Vertex is our Official Sponsor- so make sure to get started with them now for stellar yields and 40+ perps & spot markets on their site at app.vertexprotocol.com! 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 Scroll (#18), Near (#27), and dYdX (#33).
Protocols are quite red today as well. Only top 100 protocols green on the daily are Magpie Ecosystem (#26), Symbiotic (#29), Synthetix (#52), Mellow Protocol (#54), Beefy (#77), and Hyperlock Finance (#81).
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 Revenue Generation (from @DefiLlama):
Here’s The Top 12 Chains By 7 Day Stablecoin Inflow % (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 project called @0xUntitled. Twitter bio states “Own the Day | A new socialfi economy #OwntheDay”. Followed by 11 of our mutuals. h/t @twindoges:
-Something new called @RWALayer. Twitter bio states “The Layer-2 for RWA Economy”. Followed by 5 of our mutuals. h/t @twindoges:
-Something new called @hyve_labs. Twitter bio states “🚀 Revolutionizing social gaming with cutting-edge blockchain tech. Decentralized, open, and community-driven. Join us to #ForgeTheFutureOfPlay!” Followed by 3 of our mutuals. h/t @twindoges:
-New derivatives protocol on Linea called @LineDefiHub has been added to @DefiLlama. Twitter bio states “Next-Generation DeFi Marketplace built on @Lineabuild…” Followed by 3 of our mutuals.
-Previously-mentioned re(dot)al chain CDP protocol @stackmorexyz has been added to @DefiLlama. Twitter bio states “Get rich or go broke trying. One-click borrowing and leverage on tokenized RWAs…” Followed by 6 of our mutuals.
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama ($10M+ TVL, single-exposure, no-IL only) - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Security Alerts
-No security alerts today.
Important News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-Increasingly brutal price action the last 24 hours, h/t @DegenerateNews and @stevenshi_:
-Stonks, by contrast, are hitting new all-time high’s:
-ISM numbers came in weak yesterday, fueling speculation regarding the Fed cutting rates sooner than previously-expected, h/t @LDNCryptoClub:
-Some talk about cuts as soon as this month:
-Interesting breakdown of the outperformers of the week, h/t @DeFiMinty:
-Interesting data on the best-performing non-memecoin alts of the year thus far, from @CryptoKoryo (click to read rest of long-form tweet):
-Lot of focus on Bitcoin miners the last few days, example c/o @CoinDesk:
-Much attention on Bittensor/$TAO right now in aftermath of the attack/exploit events this week, h/t @DreadBong0 and @const_reborn:
-Interesting long-term chart re: alts, h/t @CryptoGirlNova:
-Additional headlines c/o @blocmatesnews:
-Reminder of the fatalistic bull case, h/t @goodalexander:
-New interview with @RaoulGMI from @fejau_inc at @Blockworks_:
-New roundtable discussion on everything going on in crypto from @0xResearch:
-New interview with tradfi gigabrain Chris Macintosh @capitalistexp, from @1MarkMoss:
-New episode of @thebellcurvepod featuring Justin Drake and Hasu:
-Parting wisdom from @stack__stats:
Conclusion
Hang in there friends! This too shall pass!
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.