Happy Sunday friends! Quiet day but always some interesting stuff going on :)
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: $2348.40
Oil (WTI): $78.45
US 10Y Treasury: 4.221%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
As recently noted, @vertex_protocol has now deployed on ETH L2 @0xMantle - adding yet another chain they are helping to bootstrap liquidity on!
Vertex is perfectly positioned to do this thanks to their revolutionary new cross-chain liquidity infrastructure Edge - @EdgeLayer!
They will be bringing heavy perps liquidity to Mantle, as well as partnering with Mantle for the Vertex Dominion campaign, which will give users the chance to earn 100k $VRTX!
Learn more about all of the above in the thread below, and make sure to visit app.vertexprotocol.com and follow them on Twitter for more updates!
Biggest TVL Movers + Else
Chains are mostly flat today. Top 50 chains up at least 30% on the monthly include Linea (#14), Mantle (#19), Bitlayer (#22), zkLink Nova (#24), Scroll (#32), and CORE (#49).
Protocols are flat as well. Top 100 protocols up at least 100% on the monthly include TON dex DeDust (#73), TON dex STON(dot)Fi (#83), and Mode lending protocol Ionic Protocol (#92).
Here’s The Top 12 Fastest-Growing Chains By TVL On The Weekly With At Least $1M TVL (from @DefiLlama):
Here’s The Top 12 Fastest-Growing Protocols By TVL On The Weekly With At Least $1M TVL (from @DefiLlama):
Here’s The Top 12 Entities By 24 Hour Fee Generation (from @DefiLlama):
Here’s The Top 12 Protocols By TVL On Solana (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 @askjmmy. Twitter bio states “…first autonomous trading agent platform featuring a low-code approach. Create, backtest, execute algo strategies, allow people to invest in you.” Followed by 2 of our mutuals. h/t @AresLabs_xyz:
-Something new called @crescent_xyz. No Twitter bio. Followed by 1 of our mutuals. h/t @AresLabs_xyz:
-Something new called @nomaprotocol. Twitter bio states “Automated tokenomics and permission-less algorithmic market making”. Followed by 3 of our mutuals. h/t @AresLabs_xyz and @1e__18:
-Something new called @Inscripedia. Twitter bio states “The first decentralized publishing house in ordinals”. Followed by 3 of our mutuals. h/t @AresLabs_xyz:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama ($1M+ TVL, single-exposure, and 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)
-Alt carnage continues relative to $BTC, h/t @CryptoKoryo:
-Lot of talk the last couple days about latest MicroStrategy convertible note offering (ie impending $BTC bid), h/t @0xjaypeg:
-Interesting tweet on DePIN from @hmalviya9:
-Interesting thoughts on potential impact of $ETH ETF on Ethena c/o @qthomp:
-Good summary of recent @HyperliquidX/@chameleon_jeff interview with @0xResearch, from @GarrettZ:
-Latest real-time inflation data from @truflation:
-Ondo generating much attention on the TL the last few days, example c/o @Dynamo_Patrick below:
-Interesting analysis of some upcoming airdrops from @MingoAirdrop (click to read rest of second tweet):
-More interesting thoughts from @goodalexander (click to read rest of long-form tweet):
-LazerZero’s ongoing deep dive into all things Sybil-related continues to generate many stats and much discussion on the TL:
-Important thoughts from @LynAldenContact:
-New @Blockworks_ macro/crypto video featuring @qthomp:
-New ‘Farms Of The Month’ video from @0xMughal:
-New weekly macro breakdown from Joseph Wang @FedGuy12:
-Interview all about gold and the gold markets right now, from WeStudyBillionaires, with @LynAldenContact:
-Parting wisdom c/o @Bitcoin_Sage:
Conclusion
Have a great Sunday good degens and stay alert out there!
And please RT/subscribe/etc if you found this valuable!
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Note
The team at @silentdao_ is diligently working on some extremely important privacy tech, building what is essentially meant to be a middleware privacy/encryption layer designed to facilitate composable privacy solutions within the EVM itself... so that you can utilize all the same mechanisms and protocols on-chain you normally would, but with built-in privacy protection while you do so…
Our editor @rektdiomedes has been helping raise awareness about what the @silentdao_ team have been building, so make sure to follow them on Twitter for more updates.
They also recently 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.