Happy Friday lads and ladettes! Nice to see some green price action!
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: $2345.60
Oil (WTI): $82.44
US 10Y Treasury: 4.302%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Are you going to @EthCC friends? If so make sure to check out the below-referenced talk from @hashflow CEO and co-founder @GandalfTheBr0wn!
As previously noted, Hashflow is a native cross-chain dex aggregator we’ve been helping raise awareness about, that helps traders source the best prices + liquidity available and seamlessly transact across a variety of chains, including ETH Mainnet, Arbitrum, Avalanche, BSC, Optimism, Polygon, and Solana - all without the risk and hassle of bridging or using synthetic assets!
You can learn more about them via their official Twitter account below or on their site, and again make sure to meet up with them in person at @EthCC!
Biggest TVL Movers + Else
Chains are mostly green today. Biggest gainer on the weekly among top 30 chains is zkLink Nova (#15) at +79.32%.
Protocols are mostly green today as well. Biggest gainer on the weekly among top 60 protocols is LayerBank (#35) at +48.03%.
Here’s The Top 12 Chains By TVL (from @DefiLlama):
Here’s The Top 12 Protocols By TVL (from @DefiLlama):
Here’s The Top 12 Entities By 24 Hour Revenue Generation (from @DefiLlama):
Bitcoin Fear/Greed Index:
(from @BitcoinFear)
Top Trending Tokens:
(from @dexscreener - 24 hour timeframe)
Chart Of The Day
(Courtesy of our Official Sponsor @vertex_protocol)
-$SOL jumped yesterday on news that VanEck has made the first ever Solana ETF filing… is this bullish anon?!? Are manlets heading to Valhalla? Long or short it with leverage and access 40+ other perps and spots markets as well at app.vertexprotocol.com!
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 @0xmizu_ai. Twitter bio states “MIZU is the very first synthetic open data layer. Our mission is to build an open, collaborative, and permission-less data ecosystem. #ai #web3 #opensourcedata”. Followed by 3 of our mutuals. h/t @twindoges:
-New project called @trenches_gg. Twitter bio states “your memecoin gambling will never be the same. coming soon to Base…” Followed by 3 of our mutuals. h/t @twindoges:
-Something new called @RoboNetHQ. Twitter bio states “07.02.24”. Followed by 11 of our mutuals. h/t @AresLabs_xyz:
-Something new called @Astra_L2. Twitter bio states “A high-throughput @StargazeZone L2 with native yield. Coming soon.” Followed by 6 of our mutuals. h/t @AresLabs_xyz and @stride_zone:
-Something new called @heylunchbreak. Twitter bio states “…socialFi and expert/influencer marketplace built on @base Join our public beta today”. Followed by 3 of our mutuals. h/t @AresLabs_xyz:
-Something new called @Perena__. Twitter bio states “Decentralized infrastructure for money, only possible on @Solana”. Followed by 18 of our mutuals. h/t @AresLabs_xyz:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (all types, $1M+ TVL) - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Security Alerts
-No security alerts today.
Important News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-First Solana ETF filing (from VanEck) generated massive attention over the last 24 hours, h/t @MoodzSir and @matthew_sigel:
-@Polymarket may have been the biggest winner of last night’s presidential debate, as it was continually referenced on a variety of huge news sites as betting odds involving the candidates surged dramatically during the course of debate, h/t @zerohedge and @zerototom:
-Big new Coinbase x Stripe collaboration announcement generally regarded as very bullish, h/t @jevgenijs:
-Coinbase also initiating legal action against SEC and FDIC, h/t @Blockworks_:
-Ongoing collapse of Walgreens is generating much attention in macro circles:
-@qthomp on BTC miner sell pressure:
-Latest real-time inflation data from @truflation:
-@blockworksres published a thread expressing skepticism over the TON/Telegram narrative that generated much attention:
-Real wages are apparently 3% lower now than pre-pandemic, h/t @FedGuy12:
-Several important airdrop reminders c/o @0xWelfare:
-$STX is the main outperformer among L2 tokens (from excellent thread of price data and etc from different niches c/o @ThorHartvigsen):
-More AI thoughts from @redphonecrypto:
-New video of @avifelman and @jfvb_xyz on @1000xpod discussing the current crypto markets and the ‘summer chop’:
-New crypto/macro livestream from @noahseidman and @ubenjammin2:
-New macro video for those curious about the above-referenced Walgreens story, from Jeff Snider:
-Parting wisdom from @defi_sakura:
Conclusion
Happy Friday good degens! Stay alert out there!
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.