Happy Friday degens! Some absolutely brutal price action we’re seeing… is no time to give up 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: $2372.10
Oil (WTI): $83.86
US 10Y Treasury: 4.334%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Are you going to Modular Summit friends?
If so make sure to check out the below-referenced talk from @hashflow CEO and co-founder @GandalfTheBr0wn!
As previously noted, Hashflow is a native cross-chain dex aggregator we’ve been helping raise awareness about, that helps traders source the best prices + liquidity available and seamlessly transact across a variety of chains, including ETH Mainnet, Arbitrum, Avalanche, BSC, Optimism, Polygon, and Solana - all without the risk and hassle of bridging or using synthetic assets!
And once again, if you are going to Modular Summit July 11th-13th make sure to check out the below-referenced talk, and follow Hashflow via their official Twitter account below!
Biggest TVL Movers + Else
Chains are extremely red today. Only top 40 chains green on the weekly are Hyperliquid (#14), Scroll (#18), dYdX (#31), and Fantom (#34).
Protocols are also extremely red today. Only top 40 protocols green on the weekly are JustStables (#24), Magpie Ecosystem (#25), Symbiotic (#29), and Ondo Finance (#38).
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)
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!)
-Something new called @MusicProtocolX. Twitter bio states “Music Protocol tokenises music rights and royalties into digital assets on the blockchain, unlocking a 1 trillion dollar market for capital providers.” Followed by 3 of our mutuals. h/t @bobtherebuilt:
-New project called @beracana. Twitter bio states “a unique lending protocol | building on @berachain | $BGT farming on steroids | built atop BEND BEX BERPS”. Followed by 17 of our mutuals. h/t @twindoges:
-Something new called @gaib_ai. Twitter bio states “The Economic Layer for AI & Compute Future. | #GPU | #AI | #Bond | He who controls compute, controls the universe! Enabling true #dePINfi, #GPUStablecoin & more”. Followed by 8 of our mutuals. h/t @twindoges:
-Something new called @ldxnetwork. Twitter bio states “The Lyra Derivatives Network.” Followed by 9 of our mutuals. h/t @AresLabs_xyz:
-Something new called @boobot_xyz. Twitter bio states “The Fastest way to trade on @monad_xyz. Powered by @theboodao”. Followed by 4 of our mutuals. h/t @AresLabs_xyz:
-Something new called @mizulayer. No Twitter bio. Followed by 3 of our mutuals. h/t @AresLabs_xyz:
-Something new called @EphemeraHQ. Twitter bio states “Ephemera helps build private and decentralized messaging.” Followed by 4 of our mutuals. h/t @AresLabs_xyz:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama ($1M+ 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
-Security alert from @WuBlockchain:
Important News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-Prices have utterly cratered in the last 24 hours:
-Crypto saw its largest liquidation event since the fall of FTX in late 2022, h/t @WhaleWire:
-Sentiment check c/o @edwardmorra_btc:
-Number of recently launched coins down over 75%, h/t @Route2FI:
-News/ticker alfa from @TheDeFinvestor:
-Bitcoin miner update from @doveywan:
-Mt Gox repayments apparently starting, h/t @CoinDesk:
-Interesting stats on most-visited crypto apps in June, h/t @Prithvir12:
-Increasing amount of PayPal’s stablecoin $PYUSD being minted on Solana, h/t @tomwanhh:
-Good summary of current market outlook from @LDNCryptoClub:
-New weekly market recap from @BanklessHQ:
-New interview with Jasoin Choi:
-Newest video from @KryptoCove on everything airdrop-related:
-Parting wisdom from @linkchainlink:
Conclusion
Hang in there good frogs! This too shall pass!
And please RT/subscribe/etc if you found this valuable!
-
-
Note
Once again friends, make sure to take note of this very cool opportunity from @vertex_protocol to earn some serious yields! Users can now deposit USDC into @skate_chain ’s Vertex Liquidity Vault and earn very generous ARB rewards over the next 11 weeks!
To learn more details about how to participate, make sure to check out the thread from @skate_fi below! It and the quote-tweeted thread from the official Vertex account break down exactly what to do to ensure you are maximizing your yields and taking full advantage of the various rewards that can be earned!
And, as always, Vertex is our Official Sponsor… so make sure to get started with them now to access 40+ perps & spot markets on their site at app.vertexprotocol.com! And make sure to follow them on Twitter for more updates as well!
-
-
***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.