Happy Friday good degens! 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: $2372.10
Oil (WTI): $81.21
US 10Y Treasury: 4.25%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Take note friends! The $ZKX token is now live!
Users can trade $ZKX on @gate_io, @kucoincom, and @bitgetglobal!
As stated by Eduard, Founder of ZKX:
“Two years ago, we launched ZKX with the goal of making DeFi accessible and social. Today, we celebrate a major milestone with the launch of the $ZKX token. This token isn't just a digital asset; it’s a way to reward the incredible contributions from our community members, users, and partners. It will play a key role in governance, staking, and growth of the ZKX ecosystem. We deeply appreciate the support of our investors who believe in our vision. This milestone marks the beginning of a transformative year for ZKX and our users.”
As previously-detailed, ZKX is a perps dex on Starknet we’ve been helping raise awareness about and they have much on the horizon, so make sure to check out the below thread in full to learn more, and make sure to follow ZKX on Twitter for more updates as well!
Biggest TVL Movers + Else
Chains are mostly red today. Only top 100 chains green on all three timelines (daily, weekly, monthly) are Fantom (#33), and opBNB (#66).
Protocols are mostly red today. Protocols with at least $20M TVL up at least 100% on the weekly include uncategorized Blast + Taiko protocol DTX, and uncategorized Fantom + Optimism protocol Beethoven X.
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)
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 @Pell_Network. Twitter bio states “Pell is a decentralized trust marketplace that diversifies BTC and LSD yield, aiming to enhance security for BTC L2 networks.” Followed by 3 of our mutuals. h/t @brave_raf:
-Something new called @obot_official. Twitter bio states “O is a Super AI powered by a Confidential AI Agents Network Powered by @ionet… Wen $O”. Followed by 10 of our mutuals. h/t @brave_raf:
-Something new called @mobl3xyz. Twitter bio states “Mobl3 is a Modular L3 Superchain built to enable high-performant trading of perpetual markets for the highly Volatile asset Class Onchain.” Followed by 2 of our mutuals. h/t @brave_raf:
-New restaking protocol on Near and Solana called @allstake_fi has been added to @DefiLlama. Twitter bio states “The first Omnichain Meshed Restaking protocol that enables cross-chain restaking and trustless security.” Followed by 3 of our mutuals.
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (all types, $10M+ TVL) - 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)
-Macro focus is on the Japanese Yen right now, which is currently crashing to levels not seen since 1990, h/t @PrestonPysh:
-Ongoing selling by German government of previously-seized $BTC is generating much attention, h/t @ArkhamIntel:
-Interesting chart re: poor macro liquidity conditions, h/t @Schuldensuehner:
-First application for Canadian Solana ETF:
-On-chain prediction markets seem to be achieving significant PMF, h/t @Dynamo_Patrick:
-Thoughts on $SOL-sentiments from @sheikhswampert:
-Interesting thread on narratives from @CryptoKoryo (click to read in full):
-92% of top dex volume on Solana is apparently memecoins, h/t @WazzCrypto:
-Interesting stats + thoughts on large raises c/o @milesdeutscher:
-Fascinating stats on new token pairs by chain, h/t @degencryptoinfo:
-Additional headline curation c/o @0xSalazar:
-New interview with @joemccann from @Blockworks_:
-New video on everything airdrop-related from @KryptoCove:
-New Q&A video from macro gigabrain @LukeGromen:
-New deep dive in Bittensor/$TAO from @0xMughal:
-Parting wisdom from @thedefiedge:
Conclusion
Have a great Friday and stay alert out there friends!
And please RT/subscribe/etc if you found this valuable!
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Note
Attention yield enjoyoors! @vertex_protocol just made their most recent rewards distribution of $USDC to $VRTX-stakers!
Here are all the stats!
Staking Rewards Calculation (Prev. 7 Days) 🧮
Total Fees: 384,240 USDC
Maker Rebates: 75,726 USDC
Gas Cost: 9,660 USDC
Edge Credit: 58,087 USDC
Edge Debit: 35,245 USDC
Net Revenue: 321,696 USDC
Staking Distribution: 160,848 USDC
Once again, Vertex is our Official Sponsor, so make sure to follow them on Twitter for more updates and visit their site now to get started trading and/or earning stellar yields like those detailed above! :)
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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.