Happy Thursday 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: $2321.90
Oil (WTI): $81.41
US 10Y Treasury: 4.333%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
As mentioned yesterday, our friends at @vertex_protocol have a new series of trading competitions taking place on ETH L2 @0xMantle!
There are 5 rounds of six day competitions, with breaks in between, a total prize pool of 100K MNT, and the 50 top traders per round winning a share of 20K MNT each round!
Here is the schedule for them:
1st Round: 25th June 2024, 12:00 PM UTC - 1st July 2024, 16:00 PM UTC
2nd Round: 2nd July 2024, 12:00 PM UTC - 8th July 2024, 16:00 PM UTC
3rd Round: 9th July 2024, 12:00 PM UTC - 15th July 2024, 16:00 PM UTC
4th Round: 16th July 2024, 12:00 PM UTC - 22nd July 2024, 16:00 PM UTC
5th Round: 23rd July 2024, 12:00 PM UTC - 29th July 2024, 16:00 PM UTC
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 mixed today. Top 50 chains green on all three timelines (daily, weekly, monthly) include Linea (#10), TON (#12), Scroll (#24), BSquared (#44), and Core (#45).
Protocols are also mixed today. Top 50 protocols green on all three timelines (daily, weekly, monthly) include Ethena (#10), Spark (#12), JustStables (#24), Ondo Finance (#41), and SUN (#42).
Here’s The Top 12 Fastest-Growing Chains By TVL On The Weekly With At Least $1M TVL (from @DefiLlama):
Here’s The Top 12 Fastest-Growing Protocols By TVL On The Weekly With At Least $1M TVL (from @DefiLlama):
Here’s The Top 12 Entities By 24 Hour Revenue Generation (from @DefiLlama):
Bitcoin Fear/Greed Index:
(from @BitcoinFear)
Top Trending Tokens:
(from @dexscreener - 24 hour timeframe)
New Projects
(note: this includes new projects we find through combing Twitter each day, and we also include or re-include every newly launched protocol added by @DefiLlama that has at least some TVL or is followed by at least some of our mutuals - hence disclaimer: these are not pre-vetted by us so make sure to DYOR!)
-Something new called @TurboProtocol. Twitter bio states “Interactive Speed Ethereum for AI.” Followed by 5 of our mutuals. h/t @twindoges:
-Something new called @GetProvably. Twitter bio states “Building ZK Infrastructure for Big Data. 🛠️ In Building… Middleware to run Verifiable Analytics on Sensitive Data that cannot be seen.” Followed by 2 of our mutuals. h/t @twindoges:
-Something new called @BackstopLayer2. Twitter bio states “A forkable Layer 2 with an in-built adjudication backstop”. Followed by 3 of our mutuals. h/t @twindoges:
-A new cdp protocol on BSC called @BitU_Protocol has been added to @DefiLlama. Twitter bio states “$BITU: The high yield stablecoin backed by #Bitcoin, built on @BNBChain Join our community ⚫🟡...” Followed by 5 of our mutuals.
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (all types, $10M+ TVL) and @stable_fish - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Security Alerts
-No security alerts today.
Important News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-$ZYN memecoin favorably resolves issue with Phillip Morris International re: title of coin, h/t @CoinDesk:
-Thread on the above from $ZYN founder @stack__sats:
-Note on recent outperformers, h/t @DeFiMinty:
-Weak new homes sales data generating a lot of attention:
-@DefiLlama’s dex aggregator LlamaSwap has added support for Scroll:
-Thread on potential ETH ETF flows from @Matt_Hougan generated much attention over last 24 hours:
-Interesting bull case for $AAVE from @crypto_condom:
-Important security reminder from @lopp re: a story that generated much attention yesterday:
-Bullish thoughts from @qthomp:
-Curation of additional headlines, h/t @Cprinze_:
-Poignant fatalistic thought from @SatoshiNakarino:
-New @BanklessHQ video featuring a discussion of the current crypto landscape:
-New @Blockworks_ video featuring @fejau_inc interviewing David Cervantes @EconstratPB:
-Parting crypto-adjacent wisdom from @TheRealEstateG6:
Conclusion
Have a great Thursday and stay hypervigilant out there friends!
And please RT/subscribe/etc if you found this valuable!
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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.