Happy Monday good degens! Bit of bearish price action we’re seeing!
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: $2343.00
Oil (WTI): $80.90
US 10Y Treasury: 4.247%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Lots going on with @vertex_protocol!
As part of their recent deployment on ETH L2 @0xMantle, they have cooked up a trading competition for hungry on-chain degens! If you are interested in testing your metle with your on-chain trading and earning some juicy rewards then make sure to enter it!
This announcement comes on the back of a bunch of other cool stuff Vertex has rolled out lately, including their new ‘Buyback & Burn’ program, their new fiat on/off ramping integration with @transak, deployments on a variety of new chains including above-mentioned Mantle as well as EVM Bitcoin L2 Botanix, and a new upgraded referral system!
And as always Vertex is our Official Sponsor so if you are an active trader then make sure to get started with them now and get access to 40+ perps & spot markets on their site at app.vertexprotocol.com! And make sure to follow them on Twitter for more updates!
Biggest TVL Movers + Else
Chains are very red today. Only top 50 chains green on all three timelines (daily, weekly, monthly) are Scroll (#27), dYdX (#33), and Core (#43).
Protocols are also very red today. Only top 200 protocols green on all three timelines (daily, weekly, monthly) are Mellow Protocol (#102), Wasabi (#110), RealT (#133), and sDAI (#172).
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 Token-Holders’ Revenue (from @DefiLlama):
Ethereum Fear/Greed Index:
(from @EthereumFear)
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 @MiladyCult. Twitter bio states “Trillion dollar infrared propaganda booklet happiness fiber optic prison cube mindset conversion. @RemiliaCorp333 @MiladyMaker333”. Followed by 42 of our mutuals.
-Something new called @holdiumxyz. Twitter bio states “For the meme coin lovers, the believers — the diamond hands 💎” Followed by 5 of our mutuals. h/t @DeFiMinty:
-Something new called @rodeodotclub. Twitter bio states “this ain't our first rodeo — a new app by @foundation.” Followed by 11 of our mutuals. h/t @DeFiMinty:
-Something new called @UniversalAsset_. Twitter bio states “Trade your favorite assets on your favorite chain. Join our Discord for access to Testnet.” Followed by 13 of our mutuals. h/t @AresLabs_xyz:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama ($10M+ TVL, single-exposure, and no-IL only) and @stable_fish - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Security Alerts
-Security alert c/o @WuBlockchain:
Important News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-Poor price action still dominant topic of discussion within cryptoverse, h/t @CoinDesk:
-Macro schedule for the week ahead, h/t @KobeissiLetter:
-Much anticipation re: ETH ETF’s, h/t @NateGeraci:
-Recent headlines c/o @blocmatesnews:
-LayerZero now the second biggest EVM airdrop ever (after Arbitrum) in terms of unique wallets, h/t @CryptoKoryo:
-LayerZero transaction counts apparently down 98% since airdrop though, h/t @DoveyWan:
-Much anticipation/speculation re: Blast airdrop, example h/t @beast_ico below:
-Airdrop alfa from @3liXBT:
-$ETH balances on exchanges at record low, h/t @pythianism:
-More potential airdrop opportunities to look into, h/t @DeRonin_:
-Bullish thoughts h/t @Prithvir12:
-New video all about $TON and the TON ecosystem from @Dynamo_Patrick:
-New interview with legendary commodities investor Rick Rule for our macro fans:
-Parting wisdom c/o @joel_john95:
Conclusion
Happy Monday friends let’s get after it this week!
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, and their launch is coming soon, so 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.