Happy Friday 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 @CryptoBubbles24):
Gold: $2354.10
Oil (WTI): $76.02
US 10Y Treasury: 4.301%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
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!)…
This means VRTX stakers are now benefitting from both real yield paid out in $USDC AND the new Buyback & Burn Program!
As always, Vertex is a gigabrained perps dex with $100M TVL and surging trading volumes… Originally an Arbitrum-specific protocol, they have since begun revolutionizing the perps space with their advanced cross-chain liquidity architecture Edge - @EdgeLayer and are helping bootstrap liquidity on more and more chains!
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!
Biggest TVL Movers + Else
Chains are mixed today. Fastest-growing chains on the weekly with at least $10M TVL are Core, BSquared, Sei, BOB, and Filecoin.
Protocols are mixed today as well. Fastest-growing protocols on the weekly with at least $10M TVL are uncategorized multichain protocol Spectra, Solana liquid-staking protocol Edgevana, Core lending protocol Colend Protocol, BSquared dex GlowSwap, and TON dex DeDust.
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!)
-New project called @LEVR_bet. Twitter bio states “Decentralized Leveraged Sports Betting | Coming Soon…” Followed by 18 of our mutuals.
-Something new called @wara_ex. Twitter bio states “Trade with frens on @solana . Powered by @sushi_labs .” Followed by 5 of our mutuals. h/t @AresLabs_xyz:
-New project called @SuzakuNetwork. Twitter bio states “Restaking for sovereign networks”. Followed by 4 of our mutuals. h/t @AresLabs_xyz:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama ($1M+ TVL, single-exposure, no-IL only) 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)
-Robinhood acquisition of Bitstamp generating much attention:
-Thoughts on above from @JasonYanowitz:
-The European Central Bank cut interest rates yesterday, one day after the Bank of Canada did the same... Again, the US Federal Reserve will make next interest rate decision next week:
-Number of Solana wallets being created is surging, EVM wallets are bouncing back, new Tron wallets staying flat, and Bitcoin wallets declining, h/t @CryptoKoryo:
-Important recent headlines c/o @0xSalazar:
-Summary of recent project-related news from @TheDeFinvestor:
-Bitcoin market cap still less than gold, silver, and the world’s six largest individual stocks, h/t @martypartymusic:
-Japanese currency situation and its implications for US bond market still dominant consideration in macro, h/t @CryptoHayes:
-Farming alfa c/o @JiraiyaReal:
-Stat re: California job losses generating much attention in macro circles:
-Interesting predictions c/o @0xAnteater:
-New macro video from @Blockworks_:
-New weekly roll-up of all the top stories in crypto from @BanklessHQ:
-New Q&A from macro gigabrain @LukeGromen:
-New episode of NFA Live:
-Latest update on all things airdrop-related from @KryptoCove:
-Parting upside c/o @heartereum:
Conclusion
Happy Friday lads and ladettes! Let’s get after it!
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.