Happy Tuesday good frogs!
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: $2352.80
Oil (WTI): $73.12
US 10Y Treasury: 4.357%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Take note friends…. the gigabrain crew at @InitCapital_ has just released a new Looping Hook!
“Loop $sUSDe through $USDB for up to 5x leveraged exposure to $sUSDe in 1 click. INIT's flash borrow and @ThrusterFi 's DEX allows users to borrow $USDB, swap, and deposit more $sUSDe on INIT - easily in 1 click! Up to 5x leveraged rewards with a click of your device…”
This leveraged yield opportunity will allow users to earn 25x Sats, 8x Blast Gold, and 7.5x INIT Points - all in one click utilizing the $sUSDe Looping Hook on Blast!
Once again, Init is an extremely cool new project on Blast and Mantle we are helping raise awareness about… To learn more about them make sure to check out this thread and follow them on Twitter for continued updates!
Biggest TVL Movers + Else
Chains are mostly red today. Only top 30 chains green on all three timelines (daily, weekly, monthly) are Hyperliquid (#16), Mantle (#18), and TON (#21).
Protocols are red as well. Top 30 protocols green on all three timelines include Pendle (#6), etherfi (#7), Ethena (#14), and Pancakeswap (#20).
Here’s The Top 12 Fastest-Growing Chains By TVL On The Weekly With At Least $10M TVL (from @DefiLlama):
Here’s The Top 12 Fastest-Growing Protocols By TVL On The Weekly With At Least $10M 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!)
-New/newish project called @numamoney. Twitter bio states “❄️ ⚪️ Real-world assets, real yield”. Followed by 20 of our mutuals.
-New project called @mevscanner. Twitter bio states “To check MEV suffered by a wallet, mention @mevscanner + a wallet address or use the link below. Funded by @CoWSwap....” h/t @AresLabs_xyz:
-New dex on @ZircuitL2 called @gmCircuit. Twitter bio states “The first thesis-driven native DEX on @ZircuitL2 , providing the greatest liquidity efficiency.” Followed by 2 of our mutuals. h/t @AresLabs_xyz:
-New liquid restaking protocol on ETH Mainnet called @DunesFi has been added to @DefiLlama. Twitter bio states “Universal liquid restaking protocol built on @Karak_Network and @EigenLayer . Delivering a new level of capital efficiency for restaked assets with #dETH & #dUSD”.
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (all types. $1M+ 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)
-Look ahead at key events happening this month from @alpha_pls:
-Headline and ticker alfa from @0xSalazar:
-@zerohedge on daily flows:
-Hyperliquid TVL continues to surge higher, now up to $500M, h/t @Dynamo_Patrick:
-Interesting macro update from India, h/t @Schuldensuehner:
-Similar story from Mexico, h/t @KobeissiLetter:
-Connext has changed its name to @EverclearOrg, generating quite a bit of attention, good summary of them from @ReveloIntel below (click to read rest of thread):
-Interesting thoughts on the question of BTC and ETH beta from @pythianism:
-Airdrop alfa from @DefiIgnas:
-More airdrop thoughts, on @Polymarket, from @CC2Ventures:
-This story about 63 banks being on the brink of insolvency is generating a lot of attention, although the question seems to be a little more nuanced than a lot of the macro doomers are acknowledging (although directionally accurate at least):
-Overview of top crypto news from @coinbureau:
-Newest macro/crypto livestream from @noahseidman:
-Parting thoughts from @NightOwlCapital:
Conclusion
Happy Tuesday friends let’s get after it!
And please RT/subscribe/etc if you found this valuable!
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Note
Take heed degens… @vertex_protocol has just released its updated Referral Program!
As the thread below states…
“The new & improved program introduces 3 commission tiers based on the trading volume your referees do over the past 60 days (rolling average), with all rewards paid out in $USDC... Great news, if you’ve already referred users before - they still count!”
Once again, Vertex is a gigabrained perps dex and OG Arbitrum protocol… now with $100M TVL and surging volumes!
They also now provide robust cross-chain liquidity via their custom @EdgeLayer system, and are revolutionizing the perps space with this and other innovations!
Get started trading to 40+ perps & spot markets and grab your referral link now at http://app.vertexprotocol.com - and follow them on Twitter for continued 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.