Happy Sunday friends! Weekends are for getting after it 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: $2336.90
Oil (WTI): $81.54
US 10Y Treasury: 4.392%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Take note friends! There are some heavy duty trading competitions taking place on @vertex_protocol over the next few weeks!
These competitions are on new ETH L2 @0xMantle, which Vertex has recently deployed on!
There are 5 rounds of six day competitions, with one day breaks in between, a total prize pool of 100K MNT, and the 50 top traders winning a share of 20K MNT each round!
The first round competition ends July 1st, and the second round starts on July 2nd, with a new round every week thereafter through the end of July!
>>> Click here to get started with the trading competition now! >>>
And as always Vertex is our Official Sponsor so make sure to get started with them now for stellar yields and 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 30 chains down at least 15% on the weekly include Solana (#4), Blast (#7), and Merlin (#23).
Protocols are mixed today as well. Top 100 protocols down at least 20% on the weekly include Pendle (#9), Zircuit Staking (#14), Thruster (#55), Juice Finance (#58), Hyperlock Finance (#77), and Ring Protocol (#95).
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 Token-Holders’ Revenue (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 @zeek_network. Twitter bio states “The decentralized collaboration economy powered by @OpenSocialLabs”. Followed by 5 of our mutuals. h/t @brave_raf:
-Something new called @Hyperplex_xyz. Twitter bio states “AMM Re-Provisioning. The Ultimate Yield Optimizer for Concentrated AMM Liquidity.” Followed by 3 of our mutuals. h/t @brave_raf:
-New project called @OrdinoxLabs. Twitter bio states “Enabling DeFi on Bitcoin using native liquidity pools powered by Cosmos SDK.” Followed by 9 of our mutuals. h/t @brave_raf:
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)
-Good stat illustrating the oft-noticed trend of declining weekend $BTC volumes since ETF’s were launched, h/t @WuBlockchain:
-More record lows for ETH gas fees, h/t @jconorgrogan:
-Much pain among many alt L1 tokens, h/t @DefiIgnas:
-Cycle/narrative thoughts from @thedefivillain:
-Interesting observation from @NPC_68 that the Curve 3Pool is becoming unbalanced (this was a common occurrence during extreme lows and volatility during the bear market but is unclear why it would be happening now):
-Base had solid Q2, h/t @intotheblock:
-Interesting chatter re: potential Arbitrum ‘fee switch’, h/t @TrendShiftPro:
-Latest real-time inflation data from @truflation:
-Much talk about decline of $BODEN and debate over whether it was a ‘pro’ or ‘anti’ Biden coin and how such perceptions affect price action in this emergent class of political memecoins, h/t @CryptoKoryo:
-There are now more than 38,000 crypto ATM’s worldwide, with over 6,000 added in last eleven months, h/t @LDNCryptoClub:
-Bitcoin Runes have seen massive volume decline, h/t @WuBlockchain:
-Weekly macro commentary from Joseph Wang @FedGuy12:
-Good new crypto/macro video from @qthomp and the crew at @Blockworks_:
-New macro interview with Mike Green @profplum99 from Wealthion:
-Parting wisdom from @TyrogueD:
Conclusion
Have a great Sunday friends and stay alert out there!
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.