Happy Monday good frogs! Start of another big week!
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: $2381.20
Oil (WTI): $82.34
US 10Y Treasury: 4.298%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Take note friends! @hashflow has instituted a new affiliate program!
-To qualify for the affiliate link program, you must have at least 250 HFT staked for a minimum of 3 months or more.
-Referees can earn 1 ARB for every $1K traded in volume (up to 100 ARB per week)
-Referrers receive 0.5 ARB for every $1K traded by each of their referees
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, make sure to follow Hashflow via their official Twitter account for more updates!
Biggest TVL Movers + Else
Chains are extremely red today. Only top 25 chains green on the monthly are TON (#11), Scroll (#16), and Bitlayer (#21).
Protocols are very red today as well. Only top 50 protocols green on the monthly are Ethena (#9), JustStables (#24), LayerBank (#36), Ondo Finance (#38), SUN (#39), Lista DAO (#45), and Stargate Finance (#49).
Here’s The Top 12 Fastest-Growing Chains By TVL On The Weekly With At Least $50M TVL (from @DefiLlama):
Here’s The Top 12 Fastest-Growing Protocols By TVL On The Weekly With At Least $50M 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)
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 @STIXprotocol. Twitter bio states “Create Culture, Compete On-chain.” Followed by 8 of our mutuals. h/t @twindoges:
-New project called @nudgexyz. Twitter bio states “Reallocating assets, liquidity, and activity onchain”. Followed by 8 of our mutuals. h/t @twindoges:
-New yield protocol on Arbitrum has been added to @DefiLlama called @doubler_pro. Twitter bio states “The leading gain strategy protocol that optimizes crypto asset investment and minimizes risks while pursuing certain profit. Powered by @doublerFndn”. Followed by 12 of our mutuals.
-New multichain (EVM) yield protocol called @harmonixfi has been added to @DefiLlama. Twitter bio states “Efficient hedge fund on-chain derivatives pools Crypto investment on Autopilot | 100% Transparent | Balanced RR See us... on $ETH $ARB $BASE”. Followed by 4 of our mutuals.
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (all types, $1M+ TVL) - 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)
-Macro summary from the week ahead c/o @KobeissiLetter:
-Much focus on upcoming potential Fed rate cuts, h/t @zerohedge:
-Interesting stats from @blocmatesdotcom:
-Hopeful chart re: altcoins from @MikybullCrypto:
-Macro update from France, h/t @zerohedge:
-Interesting chart of Bitcoin/stonks correlation from @defi_gaz:
-Notable alert from @WuBlockchain:
-Important reminder from @zerototom:
-BlackRock’s $BUILD fund continuing to grow, h/t @intotheblock:
-Thoughts from @santiagoroel:
-New episode of Shooting The Sh*t podcast featuring @crypthoem, @schizoxbt, @zerototom, and @Stoiiic:
-Interview with BeraChain founder @SmokeyTheBera from 1000x Podcast:
-Parting wisdom from @DeFiMann c/o @QuotableCrypto:
Conclusion
Happy Monday friends! Stay alert out there this week!
And please RT/subscribe/etc if you found this valuable!
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Note
As previously mentioned, our friends at @vertex_protocol have a new series of trading competitions taking place on ETH L2 @0xMantle!
There are 5 rounds of six day competitions, with breaks in between, a total prize pool of 100K MNT, and the 50 top traders per round winning a share of 20K MNT each round!
Two of the competitions are already complete, but here is the schedule for the remaining three:
3rd Round: 9th July 2024, 12:00 PM UTC - 15th July 2024, 16:00 PM UTC
4th Round: 16th July 2024, 12:00 PM UTC - 22nd July 2024, 16:00 PM UTC
5th Round: 23rd July 2024, 12:00 PM UTC - 29th July 2024, 16:00 PM UTC
And as always Vertex is our Official Sponsor so if you are an active trader then make sure to get started with them now and get access to 40+ perps & spot markets on their site at app.vertexprotocol.com!
And if you are at ETHcc make sure to stop by and meet them at the event detailed below!
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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.