Happy Monday friends! 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 @CryptoBubbles):
Gold: $2336.50
Oil (WTI): $78.32
US 10Y Treasury: 4.238%
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!
AND… there will be MNT rewards, as well as some interesting trading competitions as well (see below), so make sure to stay tuned for that!
As always, Vertex is our Official Sponsor, so make sure to get started trading/lp’ing/staking with them at app.vertexprotocol.com and follow them on Twitter for more updates!
Biggest TVL Movers + Else
Chains are mostly red today. Biggest gainer on the weekly among top 30 chains is Bitlayer (#22) at +34.66%, and biggest loser is Near (#27) at -17.19%.
Protocols are mostly red today as well. Biggest gainer on the weekly among top 100 protocols is DeDust (#73) at +49.42%, and biggest loser is MorpheusAI (#56) at -19.35%.
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 Dex’s By 7 Day Volume (from @DefiLlama):
Here’s The Top 12 Chains By 7 Day Stablecoin Inflow % (from @DefiLlama):
Here’s The Top 12 Protocols By TVL On Base (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 @lanca_io. No Twitter bio and tweets are all just mysterious ones, but is followed by 7 of our mutuals including some notables ones. h/t @AresLabs_xyz:
-A new Base protocol categorized as a ‘farm’ called @IHFund has been added to @DefiLlama. Twitter bio states “gamified Echo Deflation tech coming to @Base”. Followed by 57 of our mutuals.
-New ETH Mainnet + Arbitrum options protocol called @SOFAorgDAO has been added to @DefiLlama. Twitter bio states “…non-profit DAO dedicated to developing a comprehensive asset settlement framework on-chain.” Followed by 21 of our mutuals.
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama ($10M+ 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)
-The zkSync airdrop is now claimable:
-Macro schedule for the week ahead, h/t @KobeissiLetter:
-Ticker alfa c/o @TheDeFinvestor:
-Convex Finance generating much attention as its token CVX goes up over 100% on the daily:
-Very interesting sentiment chart from @CryptoKoryo:
-Observations on BTC Prague conference from @Fiskantes:
-Interesting thoughts from @chainyoda:
-Sentiment check c/o @FarmerJoe0x:
-Interesting thoughts on memecoins as ‘User Generated Money’ from @weremeow:
-@tradetheflow_ published a very good thread of stats + thoughts on TON, sample below:
-Bullish macro thoughts from @pythianism:
-New macro video from ‘Dollar Milkshake’ originator Brent Johnson @SantiagoAuFund and co:
-Parting throwback wisdom from @DegenSpartan c/o @0xGumshoe:
Conclusion
Happy Monday friends! Here’s to a big week!
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.