Happy Thursday good degens!
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: $2386.20
Oil (WTI): $74.47
US 10Y Treasury: 4.293%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Prominent ETH L2 Linea has seen staggering growth as of late- with TVL up 145% in the last month(!)- and we are happy to be helping shine a light on their preeminent dex @LynexFi!
“Lynex is the liquidity engine and ALM marketplace of the Linea Blockchain, making advanced liquidity solutions accessible to everyone… an innovative decentralized exchange, liquidity foundation, and ALM aggregator… Lynex is revolutionizing DeFi practices. It unveils an array of advanced features including token swapping, streamlined liquidity provision, and governance, all orchestrated by the distinctive veLYNX delegated ve(3,3) voting mechanism.”
Since launching Lynex has generated over $38M+ in TVL and over $1B in dex volumes, so make sure to check out their site as things on Linea continue to heat up!
And make sure to follow them on Twitter and check out their long-form guide to participating in the Linea Surge Campaign below!
Biggest TVL Movers + Else
Chains are mostly green today. Top 50 chains up at least 10% on the daily include Pulse Chain (#19), Rootstock (#31), and BOB (#50).
Protocols are mostly green today as well. Top 200 protocols up at least 10% on the daily include PulseX (#80), Aries Markets (#115), Solvryn (#156), and Hashnote USYC (#176).
Here’s The Top 12 Fastest-Growing Chains By TVL On The Weekly With At Least $20M TVL (from @DefiLlama):
Here’s The Top 12 Fastest-Growing Protocols By TVL On The Weekly With At Least $20M TVL (from @DefiLlama):
Here’s The Top 12 Entities By 24 Hour Revenue Generation (from @DefiLlama):
Bitcoin Fear/Greed Index:
(from @BitcoinFear)
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 @lumi_hq. Twitter bio states “Illuminati confimed. Ultra secret society, crafting the New Memecoin Order. The first decentralized wealth incubator (100% original).” Followed by 11 of our mutuals. h/t @brave_raf:
-New project called @Lombard_Finance. Twitter bio states “Connecting Bitcoin and DeFi. Built by the best, backed by the best. Launching soon.” Followed by 10 of our mutuals. h/t @brave_raf:
-New yield protocol on Injective called @InjeraOfficial has been added to @DefiLlama. Twitter bio states “Highly Capital Efficient Synthetic Dollar on Cosmos Powered by its native CDP Money Market. Incubated by @Dojo_Swap”. Followed by 7 of our mutuals.
-New Flare liquid-staking protocol called @SceptreLS has been added to @DefiLlama. Twitter bio states “Sceptre is an innovative multi network Liquid Staking solution build by Rome Blockchain Labs, with extensive knowledge and experience in Liquid Staking.” Not followed by any of our mutuals but just under 800k TVL.
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)
-The Bank of Canada became the first major central bank to cut rates yesterday, doing so by 25 bps, now all eyes on the Fed ahead of next week’s FOMC Meeting (rate decision), h/t @qthomp:
-@sanctumso releases tokenomics for their $CLOUD token relating to their much-anticipated coming airdrop, h/t @DegenerateNews:
-@CC2Ventures on the above:
-ETF’s apparently now hold over 1M of the total 21M $BTC, h/t @zerohedge:
-News curation from @Cprinze_:
-Allocation thoughts from @BobLoukas:
-More allocation thoughts, from @thedefivillain:
-Nocturne privacy protocol winding down operations, h/t @WuBlockchain:
-EigenLayer crosses $20B TVL mark, h/t @TrustlessState:
-Overview of the top outperformers this week, h/t @DeFiMinty:
-Bullish thoughts from @crypto_condom:
-Excellent new video from @Blockworks_ of @fejau_inc interviewing macro gigabrain @WarrenPies:
-Update on all things ETH related from @sassal0x:
-New @FlywheelDeFi interview with popular CT account @gammichan:
-New @DefiantNews interview with @coingecko co-founder @bobbyong:
-New roundtable discussion from @0xResearch podcast:
-Parting wisdom from @ColdBloodShill:
Conclusion
Happy Thursday good degens! Stay alert out there!
And please RT/subscribe/etc if you found this valuable!
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Note
Take note friends! Things are (quite literally) heating up with our Official Sponsor @vertex_protocol!
They just burned over 2 million VRTX tokens as part of their new Buyback & Burn Program (learn more in the thread below!)…
As always, Vertex is a gigabrained perps dex… now with $100M TVL and surging trading volumes… Originally an OG Arbitrum protocol, they have since begun revolutionizing the perps space with their advanced cross-chain liquidity architecture Edge - @EdgeLayer!
Get started trading to 40+ perps & spot markets and check out their exquisite yield opportunities 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.