Happy Wednesday friends! Lots of stuff going on!
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: $2352.40
Oil (WTI): $73.67
US 10Y Treasury: 4.322%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Attention all reflink-enjoyoors! @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!”
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!
Biggest TVL Movers + Else
Chains are quite green today. Fastest-growing chains on the weekly with at least $1M TVL are Taiko, Kroma, and DeFiChain EVM.
Protocols are quite green today as well. Fastest-growing protocols on the weekly with at least $1M TVL are BSquared liquid-staking protocol UniRouter, multichain launchpad UNCX Network, DeFiChain EVM dex VanillaSwap, multichain lending protocol Sumer(dot)Money, and Blast dex Mangrove.
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 called @syrupfi. Twitter bio states “Institutional Yield, with DeFi access; powered by @maplefinance - sign up below for early access ⬇️” Followed by 8 of our mutuals. h/t @brave_raf:
-Something new called @0xNightMarket. Twitter bio states “First esports betting market on @Redstonexyz”. Followed by 4 of our mutuals. h/t @brave_raf:
-Something new called @DOPPHQ. Twitter bio states “The first fully on-chain options exchange. Built on Starknet.” Followed by 8 of our mutuals. h/t @AresLabs_xyz:
-Something new called @Heiko_network. Twitter bio states “Parallelized EVM L2 with 100k TPS, sub-cent transaction costs and sub-second block times.” Followed 3 of our mutuals. h/t @AresLabs_xyz:
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
-Security alert from @coingecko co-founder @bobbyong:
Important News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-$884M in Bitcoin ETF inflows yesterday, h/t @fejau_inc:
-Interesting macro story re: BlackRock and Citadel apparently starting a new stock exchange in Texas is generating much attention:
-Important headlines c/o @0xSalazar:
-More headlines from @Cprinze_:
-We are now on month 19 of the classic 4 year Bitcoin cycle, with previous cycles typically topping at the 35 month mark (which would be October 2025 this time around), according to @BobLoukas:
-$PEPE was the top performer among large cap tokens in May, h/t @thedefivillain:
-Macro thoughts from @NorthmanTrader, predicting rate cuts this summer:
-$PRIME/$PROMPT update from @garrette0x:
-Vitalik comments on the ‘celebrity coin’ meta generating a lot of attention:
-Interesting thread on notable past GameFi raises and what is going on with them now, from @apextwts:
-More bullish thoughts, from @WarrenPies:
-More bullish thoughts, from @marcusmoles:
-Latest update on all things airdrop-related from @KryptoCove:
-New video on current crypto topics/stories from @BanklessHQ:
-Parting wisdom c/o @Slappjakke via @QuotableCrypto:
Conclusion
Have a great Wednesday and stay alert 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.