The Daily Degen- June 1st, 2024

All of today's news/data/alerts...

Jun 01, 2024

Happy Saturday and Happy June good degens! Here’s to a big summer!

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: $2347.70

Oil (WTI): $76.99

US 10Y Treasury: 4.502%

Biggest Price Movers

(From @coingecko top 1000, by 24 hour change)

Spotlight

Once again good friends, @vertex_protocol is our Official Sponsor and we are thrilled to be bringing daily updates and alfa about everything they are unleashing in the world of on-chain trading!

Vertex is a gigabrained perps dex, an OG Arbitrum protocol, has $100M TVL and surging trading volumes, and- in addition- they also now provide robust cross-chain liquidity via their custom @EdgeLayer system, and are revolutionizing the perps space with this and other innovations!

If you would like to learn more about Vertex and the team behind it, check out the fantastic interview with co-founder @DariusTabai below from @TradeTalks! Is from Consesnsus2024 and is extremely interesting in general and helpful for learning more about Vertex :)

And as always… if you are an active on-chain brypto-enjoyoor then make sure to get started with Vertex now and access 40+ perps & spot markets + exquisite yield opportunities - all at app.vertexprotocol.com - and follow them on Twitter for continued updates!

Biggest TVL Movers + Else

Chains are mostly red today. Fastest-growing chains on the weekly with at least $1M TVL are Rollux, Kroma, and DeFiChain EVM.

Protocols are mostly green today. Fastest-growing protocols on the weekly with at least $1M TVL are Mantle farm Puff Penthouse, Rollux/Syscoin dex PegaSys, Bsquared liquid-staking protocol UniRouter, Cardano RWA protocol Danogo, and multichain EVM RWA protocol KUMA Protocol.

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):

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)

Top Stablecoin Yields

(note: these are the top Stablecoin Yields, sourced from @DefiLlama (1M+ TVL only, 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)

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 @HeyElsaAI. Twitter bio states “AI Crypto Copilot”. Followed by 6 of our mutuals. h/t @DeFiMinty:

-New dex on Linea called @SectaFinance. Twitter bio states “All-in-one interface to DeFi on @Lineabuild Ecosystem.” Followed by 2 of our mutuals. h/t @brave_raf:

-Something new called @layeredge. Twitter bio states “⚡ First Programmable Layer with native data settlement on #Bitcoin & trust-minimized interoperability for BTC & Inscriptions 🟧⬛️ Early Testnet live”. Followed by 8 of our mutuals. h/t @brave_raf:

-Upcoming Monad dex called @Bean_DEX. Twitter bio states “The Pioneering Perpeptual DEX on @monad_xyz 💜 | Powered by @PythNetwork Trade Smart. Trade on Bean.” Followed by 4 of our mutuals. h/t @brave_raf:

-Something new called @memedepot. Twitter bio states “The new home for your memes. Make shared meme folders and rack up points😏 join by invite only! 🚨BIG BOUNTIES to make these folders: ansem elon down bad”. Followed by 5 of our mutuals. h/t @AresLabs_xyz:

Security Alerts

-Security alert from @lookonchain:

Important News And Analysis

(key news, twitter threads, articles, videos, etc from last 24 hours)

-Latest regulatory news generating much attention:

-Additional headlines c/o @Cprinze_:

-Additional narrative/ticker updates from @thedefivillain:

-Interesting story re: @cobie apparently attempting to buy the IP (intellectual property rights) to Punks from Yuga Labs, h/t @Tyler_Did_It:

-Potential June airdrops, h/t @73lV_:

-Excellent alfa c/o @crypto_condom:

-Interesting chart from @samchepal:

-$PEPE continues its outperformance, h/t @DegenerateNews:

-Uniswap update, h/t @WuBlockchain:

-Farming alfa c/o @Picolas_Caged:

-Interesting industry temperature check thread from @reganbozman:

-Latest @0xSteadyLads roundtable:

-Latest update on everything airdrop-related from @KryptoCove:

-Weekly roll-up from @BanklessHQ going over a bunch of different stories + topics for the week:

-New video from @theempirepod featuring @JasonYanowitz and @santiagoroel:

-Parting wisdom c/o @DefiIgnas:

Conclusion

Happy Saturday good degens and don’t forget to touch some grass this weekend!

And please RT/subscribe/etc if you found this valuable!

***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.