Happy Saturday good degens! Lots of 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 @CryptoBubbles24):
Gold: $2334.70
Oil (WTI): $80.73
US 10Y Treasury: 4.257%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
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! :)
Biggest TVL Movers + Else
Chains are mixed today. Fastest-growing chains on the weekly with at least $10M TVL are BSquared, Scroll, and Radix.
Protocols are mixed today as well. Fastest-growing protocols on the weekly with at least $10M TVL are multichain RWA protocol Aktionariat, uncategorized multichain protocol Icecreamswap, and ETH Mainnet yield protocol cVault Finance.
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 Volume (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 @Optopia_AI. Twitter bio states “The 1st L2 Blockchain for AI. An AI-driven, intent-centric Layer2 network that allows permissionless intent creation". Followed by 3 of our mutuals. h/t @brave_raf:
-Something new called @_evire. Twitter bio states “Evire is a layer 1 blockchain that aims to provide native support for AI, gaming, RWA and DePIN, empowering developers to build efficient, cutting-edge dApps.” Followed by 4 of our mutuals. h/t @brave_raf:
-New restaking protocol on Solana called @solayer_labs has been added to @DefiLlama. Twitter bio states “The restaking network on @Solana | we are hiring!” Followed by 71 of our mutuals.
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (all types, $1M+ TVL) - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Security Alerts
-No security alerts today.
Important News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-World’s 14th richest man Michael Dell tweeting about Bitcoin + related was a hot topic of discussion over the last 24 hours, good summary of it from @JoeConsorti below (click to read in full):
-Additional headlines to be aware of, c/o @Cprinze_:
-Interesting chart showing continued correlation between global macro liquidity conditions and our beloved brypto tokens, h/t @Kevin_Kelly_II:
-List of some of the better-performing alts as of late, h/t @thedefivillain:
-Interesting + bullish chart re: ETF flows from @qthomp:
-Look ahead at potential upcoming airdrops, h/t @Beacon_Early:
-Cycle thoughts from @Awawat_Trades:
-Newest crypto/macro essay from Arthur Hayes @CryptoHayes:
-Scroll airdrop alfa from @katexbt:
-Lot of talk about large VC’s being underwater on some of these newly-launched coins, example from @CC2Ventures below re: LayerZero:
-New roundtable podcast episode featuring @crypthoem, @Stoiiic, @schizoxbt, and @TyrogueD:
-New weekly roundup from @theempirepod featuring @santiagoroel and @JasonYanowitz discussing everything going on in crypto:
-Latest crypto/macro livestream from @noahseidman:
-Part Two of @0xMughal’s deep-dive on Bittensor/$TAO:
-Parting (bullish) thoughts from @qthomp:
Conclusion
Have a great Saturday friends and don’t forget to touch some grass this weekend!
And please RT/subscribe/etc if you found this valuable!
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Note
Linea TVL has been surging, with the ETH L2 now the 13th biggest chain by TVL!
Once again, if you want to explore the Linea ecosystem make sure to check out their popular dex @LynexFi, which we have been helping spread the word about!
Lynex has been surging alongside Linea, and now hosts over $36M in TVL itself…
It is also the perfect way to capitalize on Linea Surge: Volt 2 - as using Lynex lets you earn oLYNX plus LXP-L, as well as @turtleclubhouse points and @Davos_Protocol points and more!
Visit the Lynex site here and make sure to follow them on Twitter for more updates!
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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.