Happy Tuesday friends! The excitement continues!
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: $2345.30
Oil (WTI): $81.37
US 10Y Treasury: 4.24%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Take note good degens! ARB trading rewards have gone live on @vertex_protocol!
The incentive program lasts 12 weeks, started yesterday June 24th, and involves 1.5M in ARB awards!
This is just the latest of many boolish developments with the good crew of Vertexians, 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 mostly green today. Top 60 chains up at least 10% on the daily include Scroll (#25), and Sei (#55).
Protocols are mixed today. Biggest gainer on the weekly among top 60 protocols is TON dex DeDust at +16.93%.
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/new-ish called @0xForm. Twitter bio states “The L2 that brings mass adoption to SocialFi. Powered by @Optimism & @LayerZero_Labs with @celestiaOrg underneath. Grab points on Galxe...” Followed by 7 of our mutuals. h/t @ayyyeandy:
-Something new called @BubblyFinance. Twitter bio states “The first AMM-based pre-market DEX, trading like Uniswap | Support ✨ Points 🪙 Pre-launch tokens 📅 Vesting tokens”. Followed by 10 of our mutuals. h/t @AresLabs_xyz:
-New Scroll lending protocol called @RhoMarketsHQ has been added to @Defillama. Twitter bio states “Liquidity Layer on @Scroll_ZKP ｜Lending & Yielding”. Followed by 6 of our mutuals.
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama ($1M+ 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
-No security alerts today.
Important News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-News of Mt Gox selling has been dominant topic of the day in crypto, bullish take on it from @pythianism:
-Speculation that recent poor price action was insiders selling the Mt Gox news ahead of time, h/t @fejau_inc:
-Situation with Japan and the Yen is still dominant macro story:
-Donald Trump is apparently in talks to speak at the 2024 Bitcoin Conference in Nashville, h/t @WuBlockchain:
-Recent headlines c/o @blocmatesnews:
-Additional headlines/ticker alfa c/o @0xSalazar:
-Interesting screenshot from May 2021 crash is generating much attention, both for the precipitous drops but also the fact that tokens like CRV, LINK, and UNI were far higher than now, h/t @AwawatTrades and @wsliu:
-Bitcoin RSI down to 18, the first time its been below 30 since August 2023, h/t @DeFi-Dad:
-Update on Rolex price indicator, h/t @burrytracker:
-Interesting notes from recent @balajis talk on crypto x AI, h/t @sandraaleow:
-Thoughts on airdrop-farming c/o @cdwk0:
-Latest crypto/macro livestream from @noahseidman:
-Another airdrop video from @KryptoCove:
-New interview with @reganbozman from @DeFi_Dad:
-Parting wisdom c/o @thedefiedge:
Conclusion
Have a great Tuesday and stay alert out there friends!
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.