Happy Tuesday 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 @CryptoBubbles24):
Gold: $2367.90
Oil (WTI): $82.00
US 10Y Treasury: 4.299%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Take note good degens! @TokenSight_Io is an extremely cool new Dex Trading Platform with TG Bot that we are very excited to be spreading the word about!
If you have used Banana Bot or Bonk Bot then the basic concept will be familiar to you but TokenSight is revolutionizing the model via the ability to trade via secure, self-custodial wallets… AND via their TokenSight Dashboard with portfolio overview, fiat on-ramping, reach across 10+ chains, and all sorts of other boolish features!
Right now they are also doing a TaskOn Rewards Campaign (detailed in tweet below) that you will want to check out as well!
We will be releasing more info on everything they’ve been working on, so make sure to stay tuned for that, and and make sure to follow them on Twitter for more updates!
Biggest TVL Movers + Else
Chains are mostly green today. Top 50 chains up over 15% on the weekly include Scroll (#15), and Core (#34).
Protocols are mostly green today as well. Some notables include Symbiotic at $1.05B TVL up 234% on the weekly and Amphor at $85.7M up 135% on the weekly.
Here’s The Top 12 Chains By TVL (from @DefiLlama):
Here’s The Top 12 Protocols By TVL (from @DefiLlama):
Here’s The Top 12 Entities By 24 Hour Fee Generation (from @DefiLlama):
Bitcoin Fear/Greed Index:
(from @BitcoinFear)
Top Trending Tokens:
(from @dexscreener - 24 hour timeframe)
Chart Of The Day
(Courtesy of our Official Sponsor @vertex_protocol)
-$ETH is back up above $3000 after being down the last few days, with fierce debate ongoing over its current directionality… Do you have high conviction on its next move anon?!? Express your position via spot or leverage and access 40+ other markets as well at app.vertexprotocol.com!
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 @lpETHxyz. Twitter bio states “Unified liquidity for liquid (re)staked ETH. Swap instantly. Borrow without depegs. SOON”. Followed by 7 of our mutuals. h/t @AresLabs_xyz:
-New project @Babypiexyz_io. Twitter bio states “Babypie is a top-tier SubDAO launched by @magpiexyz_io that concentrates on liquid staking services for Bitcoin using @babylon_chain.” Followed by 10 of our mutuals. h/t @AresLabs_xyz:
-New project called @rootsfi. Twitter bio states “A protocol that focuses on utility, yield earnings and pushing the ecosystem 🍯🍷”. Followed by 12 of our mutuals. h/t @AresLabs_xyz:
-Something new called @mellowalm. Twitter bio states “Permissionless active liquidity management toolkit by @mellowprotocol.” Followed by 8 of our mutuals. h/t @AresLabs_xyz:
-New project called @Panko_Swap. Twitter bio states “Fork of @PancakeSwap on @taikoxyz. Offering deep liquidity and top-class execution for native assets with permissionless pools.” Followed by 4 of our mutuals.
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama ($1M+ TVL, no-IL, single-exposure only) - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Security Alerts
-No security alerts today.
Important News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-In macro world, Powell is testifying before the Senate today, and CPI inflation data comes out tomorrow and PPI inflation data on Thursday, h/t @Tyler_Did_It:
-Bitcoin Fear & Greed Index has seen a precipitous drop, h/t @intocryptoverse:
-$SOL ETF’s could be coming by March 2025, h/t @crypto_condom and @EricBalchunas:
-New/ticker alfa c/o @0xSalazar:
-Good list of projects that may be releasing tokens in Q3/Q4 c/o @WuBlockchain:
-Interesting note re: Grayscale’s ETHE and potential ETF flows, h/t @pythianism and @NateGeraci:
-$12-$16B cash to FTX creditors apparently coming in Q4, h/t @dunleavy89:
-Fascinating chart from @LukeGromen showing growing disparity between Canada population growth and worker productivity numbers:
-Apart from Worldcoin, no token launched in 2023 or 2024 has over a $10B FDV currently, h/t @thedefivillain:
-Interesting macro stat that the US is seeing record air travel:
-Bullish sentiments from @theunipcs:
-New interview with @noahseidman from @DefiantNews:
-Crypto news overview from the @coinbureau channel:
-Parting sentiments from @moonpl0x:
Conclusion
Have a great Tuesday and stay alert out there friends!
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.