Happy Tuesday friends! Big airdrop today + FOMC Meeting tomorrow!
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 @CryptoBubbles):
Gold: $2323.80
Oil (WTI): $77.44
US 10Y Treasury: 4.461%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
The cross-chain expansion from @vertex_protocol does not cease good anons!
As seen in the tweet below, Vertex will be expanding to a new as yet to be announced chain soon, utilizing their revolutionary new cross-chain liquidity system Edge!
This announcement comes on the back of a bunch of other cool stuff Vertex has rolled out lately, including their new ‘Buyback & Burn’ program, their new fiat on/off ramping integration with @transak, and a new upgraded referral system!
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 make sure to follow them on Twitter for more updates as well!
Biggest TVL Movers + Else
Chains are very red today. Only top 50 chains green on the daily are TON (#18), Gnosis (#24), and Scroll (#32).
Protocols are very red today as well. Only top 50 protocols green on the daily are Ethena (#11), JustStables (#25), stUSDT (#45), and SUN (#47).
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 @zellular_xyz. Twitter bio states “A general-purpose protocol for building decentralised applications as self-sovereign replicated state-machines.” Followed by 4 of our mutuals. h/t @AresLabs_xyz:
-New dex on Blast called @Bladeswapxyz has been added to @DefiLlama. Twitter bio states “🔫 @Blast_L2 native Dex with real-time vote reward & native multi-call! 🌟ETH reward + gas refund + Daily free loot box + Blast🪂= 🤯”. Followed by 15 of our mutuals.
-New Klaytn dex @CapybaraDEX has been added to @DefiLlama. Twitter bio states “The 1st Launchpad & Decentralized Exchange on kaia chain. Hyper-capital-efficient, transparent, & community-first.” Followed by 5 of our mutuals.
-New ETH Mainnet CDP protocol @jigsawdefi has been added to @DefiLlama. Twitter bio states “The missing piece of defi 🧩”. Followed by 39 of our mutuals.
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama ($10M+ TVL, single-exposure, no-IL only) and @stable_fish - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Security Alerts
-Security alert from @peckshield re: @UwU_Lend hack:
Important News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-The much-anticipated zkSync airdrop has arrived:
-Thoughts on Wednesday’s FOMC Meeting (Fed rate decision) from @tradetheflow_:
-Joseph Wang @FedGuy12 on the same:
-@0xGumshoe on the poor price action heading into the FOMC:
-Headline curation from @0xSalazar:
-Additional headlines c/o @Cprinze_:
-Latest real-time inflation data from @truflation:
-Solana validators update c/o @WuBlockchain:
-Market thoughts from @gammichan:
-Some good airdrop alfa from @0xWelfare re: DeBridge:
-@ionet is launching today, good thread on it from @jake_pahor:
-New @BanklessHQ interview with macro gigabrain @LukeGromen:
-New @coinbureau interview with @RaoulGMI and @CryptoHayes:
-Cycle thoughts from @Jesseeckel:
-Parting wisdom from @0xMert_:
Conclusion
Happy Tuesday friends! Stay alert out there!
And please RT/subscribe/etc if you found this valuable!
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Note
Our friends at @silentdao_ keep working diligently behind the scenes to develop a truly revolutionary solution to the issue of on-chain privacy…
In this regard, Silent is essentially meant to be a middleware privacy/encryption project designed to facilitate composable privacy solutions within the EVM itself...
Our editor @rektdiomedes has been helping bang the drum about what the @silentdao_ team have been building, so make sure to follow them on Twitter for more updates.
They also just published a very important article, so make sure to check it out here or via the link in the tweet 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.