Happy Monday friends! This issue was somewhat delayed due to Twitter/X being down all day!
With that said, there is much going on so let’s dive in!
As always… 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):
Total Crypto Market Cap: $2.66T
Gold: $2892.20
Oil (WTI): $65.98
US 10Y Treasury: 4.223%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Once again good degens… all manner of defi gigabrains and yield farming extraordinaires are out in force on Sonic, attempting to maximize their Points & Gems ahead of the airdrop, and reap rewards in all sorts of other ways as well…
Our friends @vertex_protocol are at the heart of many such strategies, and recently announced announced 1.75M in Sonic/$S token rewards!
One way in which they can be used on Sonic is for the purpose of delta-neutral farming- for instance in conjunction with Shadow Exchange- as explained in this excellent breakdown from @zerototom:
Biggest TVL Movers + Else
Chains are quite red today. The only top 100 chains green on both the daily and weekly are Flow (#57), and Story (#74).
Protocols are also quite red today. Only top 100 protocols green on both the daily and weekly are Ethena (#4), Pendle (#6), USDX Money (#58), and Ethereal (#72).
Here’s The Top 12 Best-Performing Chains By TVL On The Weekly With At Least $1M TVL (from @DefiLlama):
Here’s The Top 12 Best-Performing Protocols By TVL On The Weekly With At Least $1M TVL (from @DefiLlama):
Here’s The Top 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 going through newly launched protocols added by @DefiLlama, limited primarily to new projects that have at least some TVL or are followed by at least some of our mutuals… Disclaimer: these are not pre-vetted by us so make sure to DYOR!)
-New project called @metanova_labs. Twitter bio states “AI drug discovery company developing therapies to reprogram body + mind. decentralized by design. powered by NOVA - #Bittensor SN 68”. Followed by 12 of our mutuals.
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (all types, $1M+ TVL only) - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Important News And Analysis
-Stock market and crypto both still getting crushed:
-New Saylor/MicroStrategy offering the chief news of the day:
-Analysis of the above from @thedefivillain:
-$TOTAL altcoin market cap now back down below $800B, h/t @DaanCrypto:
-In terms of sentiments, we are at ‘Fear’ levels not seen since the absolute depths of the bear market, h/t @inmortalcrypto:
-Much celebrated Crypto-Twitter personality @DegenSpartan (who has not been posting on Twitter for almost two years now) released a new article through egirlcapital - screenshot from article below - click here to read it in full:
-Stonk analysis from macro gigabrain @WarrenPies:
-$AAVE getting lots of attention as the least down-bad defi chart, h/t @DaanCrypto:
-CEX (centralized exchange) stablecoin reserves at ATH, h/t @TheDeFinvestor:
-Reassuring thread from permabull @RaoulGMI:
-New video on AI and DePAI and Robotics and etc from @sandraaleow (click to view on Twitter):
-New crypto-macro livestream from @noahseidman from midday Monday:
-New livestream from @docXBT from early afternoon Monday:
-New interview with Anthony Pompliano from @JasonYanowitz:
-New @0xSteadyLads livestream (note: published Sunday but still interesting):
-Parting wisdom from @DeFiIgnas via @QuotableCrypto:
Conclusion
Happy Monday friends and hang in there!
And please RT/subscribe/etc if you found this valuable!
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***Note On Material: The ‘Spotlight’ and ‘Note’ sections 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.