Happy Wednesday and Happy CPI day good anons!
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: $2.758T
Gold: $2943.60
Oil (WTI): $67.77
US 10Y Treasury: 4.316%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Reminder friends that @vertex_protocol is distributing large amounts of $S/Sonic tokens currently, so make sure to utilize the platform to earn your share!
You can just use the site by itself to trade 60+ tokens via spot or leverage on Sonic… OR… you do some more advanced yield-generating techniques using any of the following guides:
-Pseudo-delta-neutral farming using Vertex and Shadow from @zerototom (click here to read)
-Funding arbitrage from @vertexintern (click here to read)
-Mix of strategies from @marvellousdefi_ (click here to read)
And make sure to follow @vertex_protocol on Twitter/X for continued updates!
Biggest TVL Movers + Else
Chains are mixed today. Fastest-growing chains on the weekly with at least $1M TVL are Morph, Story, and Soneium.
Protocols are mixed today as well. Fastest-growing protocols on the weekly with at least $1M TVL are Stack (cdp protocol on re(dot)ai chain), Equilibre (dex on Kava), and BOB Gateway (dex on BOB).
Here’s The Top 12 Chains By TVL (from @DefiLlama):
Here’s The Top 12 Protocols By TVL (from @DefiLlama):
Here’s The Top Entities By 24 Hour Fee 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 dex on Movement called @meridian_money has been added to @DefiLlama. Twitter bio states “The Central Liquidity Hub on @Movementlabsxyz”. Followed by 29 of our mutuals.
-New/newish derivatives protocol on ETH Mainnet called @extendedapp has been added to @DefiLlama. Twitter bio states “Perp Dex built by ex- @Revolutapp team...” Followed by 44 of our mutuals.
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (single-exposure, no-IL, $25M+ TVL only) - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Important News And Analysis
-CPI (inflation) data came in cooler than expected this morning:
-Are the lows in for both stonks and crypto? h/t @LDNCryptoClub:
-Interesting situation with a trader on Hyperliquid led to erroneous rumors of a hack or exploit, info below from @WuBlockchain:
-Is current market the equivalent of the crash halfway through the 2021 bull market? h/t @Awawat_Trades:
-GMX is launching on Solana, and will apparently be using a new token ($GT) to incentivize trading, h/t @FroyoFren:
-Interesting stats on how quickly defi protocols are seeing TVL inflows post-launch, from @Val_bpereira:
-Conversely though, is TVL becoming less significant of a metric? h/t @JasonYanowitz:
-Additional headlines c/o @milesdeutscher:
-Reasons to be bullish $ETH despite the poor price action of late, h/t @lemiscate:
-“Always challenge your bias. Markets change constantly and you need to change with it" - @DeFiMinty:
-New crypto/macro livestream from @noahseidman (currently airing live as we publish this):
-New livestream from Digital Asset News (published yesterday but there seems to be a shortage of new crypto videos today so including it in case you’re looking for additional content to check out):
-Important wisdom from @alpha_pls:
-Parting bullishness from @NightOwlCapital:
Conclusion
Have a great Wednesday good degens and stay alert out there!
And please RT/subscribe/etc if you found this valuable!
-
-
-
-
***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.