Happy Wednesday friends! Tons 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: $2168.00
Oil (WTI): $78.66
US 10Y Treasury: 4.164%
Stocks ($SPY as proxy): +0.12%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
We at the Daily Degen believe that 2024 will be the year of the 'Airdrop Meta', and have been utilizing lots of projects that are presumed to be doing an airdrop!
Here's some of the projects we've been trying out for this purpose along with referral links when applicable if you'd like to support our work! (note: as always please DYOR though!)
@Parcl - a Solana RWA project where you can long/short various real estate markets or provide liquidity - earn boosted points with our code: thedailydegen
@Rabby_io wallet - earn points for presumed airdrop, start new wallet or migrate old MM wallets over to it, utilize their internal swap feature, etc. Click ‘Rabby Points’ to get started, our ref code: THEDAILYDEGEN
@phantom wallet - rumored airdrop
@rainbowdotme wallet - earn 'points' for presumed airdrop, start new wallet or migrate old MM wallets over to it, utilize their internal swap feature - our reflink: https://rainbow.me/points?ref=SZUR3U
@MetaMask - long rumored to be doing an airdrop - do swaps and bridging using the in-app options in case they use that as main criteria for potential airdrop
@Eigenpiexyz_io - Eigenlayer restaking protocol with its own presumed airdrop as well - https://www.eigenlayer.magpiexyz.io/?ref=0xf2355BE0e5a2d1C88584286d41A82FA71aDd0c0C
@KelpDAO - EigenLayer restaking protocol - lets you earn towards presumed EigenLayer airdrop and also earns you 'Kelp Points'
@RenzoProtocol - another EigenLayer restaking protocol with its own presumed airdrop - reflink: https://app.renzoprotocol.com/?ref=0x39058c94a6c6504917dd8baddbbda27c8d6a5794
@ether_fi - another EigenLayer restaking option with its own presumed airdrop
@DeBankDeFi and the DeBank L2 - rumors of possible airdrop, also same folks behind @Rabby_io wallet, create profile, deposit onto their L2
@MeteoraAG - liquidity/yield protocol on Solana
@DriftProtocol - perps dex on Solana
@PikeFinance - use to qualify for (presumed) airdrop and several other possible airdrops
@BungeeExchange - bridge/infra
@JumperExchange - bridge/infra
@deBridgeFinance - bridge/infra
@Owlto_Finance - bridge/infra
@PolyhedraZK - bridge tokens and mint + bridge NFT’s
@ElDoradoMRKT - cross-chain dex built on Maya Protocol ($CACAO)
@azuroprotocol - GambleFi project with (presumed) airdrop, deposit TVL such as USDT via Polygon
@ClipFinance - yield protocol on Linea
@StructFinance - Avalanche-based structured yields protocol
@Scroll_ZKP - ETH L2 presumed airdrop
@LineaBuild - ETH L2 presumed airdrop
@zksync - ETH L2 presumed airdrop
@base - Coinbase’s ETH L2 increasingly rumored to be doing airdrop eventually
@syncswap - AMM on zkSync, Linea, and Scroll without a token
@modenetwork - new ETH L2 with presumed airdrop - https://ref.mode.network/Fx6b7N
@ryskfinance - ETH L2 options project with presumed airdrop
@LogX_trade - perps dex on variety of ETH L2’s with upcoming airdrop
@Hyperliquidx - perps dex with (presumed) airdrop... https://app.hyperliquid.xyz/join/REKTDIOMEDES
Biggest TVL Movers + Else
Chains are quite green today. Only top 50 chains red on the weekly are Manta (#13), DefiChain (#38), and Telos (#45).
Protocols are extremely green today as well. Only top 100 protocols red on the weekly are Spark (#9), Curve Finance (#13), JustStables (#23), Sun (#45), and LayerBank (#49).
Here’s The Top 12 Fastest-Growing Chains By TVL On The Weekly (from @DefiLlama):
Here’s The Top 12 Fastest-Growing Protocols By TVL On The Weekly (from @DefiLlama - note: this one has a minimum TVL filter so only includes projects with at least $1M TVL):
Here’s The Top 12 Entities By 24 Hour Fee Generation (from @DefiLlama):
Top Trending Tokens (24 hour timeframe - from @dexscreener):
Bitcoin Fear/Greed Index:
(from @BitcoinFear)
Ethereum Fear And Greed Index
(from @EthereumFear):
New Projects
(note: this includes new projects we find through combing Twitter each day, and we also include every (newly launched) protocol added by @DefiLlama - hence disclaimer: these are not pre-vetted by us so make sure to DYOR!)
-Something new called @eacc_foundation. Twitter bio states “An Open Infra for AI Acceleration. ⏩E/ACC. Now. To AGI.” Followed by 11 of our mutuals. h/t @toffee248 - make sure to follow him for new projects alfa!
-Something new called @rise_chain. Twitter bio states “High performance EVM Rollup”. Followed by 4 of our mutuals. h/t @AresLabs_xyz:
-New dex on Starknet called @cairoswap. Twitter bio states “The Native Aggregator on @Starknet #CairoLang”. Followed by 4 of our mutuals. h/t @AresLabs_xyz:
-Previously-mentioned Sui lending protocol @suilendprotocol has been added to @DefiLlama. Twitter bio states “Lending and borrowing platform on Sui. Sister project to @solendprotocol. Launching in Q1 2024”. Followed by 27 of our mutuals.
-New dex on AstarzkEVM called @l2x_pro has been added to @DefiLlama. Twitter bio states “The trading and liquidity hub on @AstarzkEVM!” Not followed by any of our mutuals.
-Previously-mentioned Mantle lending protocol @methlabxyz has been added to @DefiLlama. Twitter bio states “Join the Methlab and enter the DeFi Metaverse”. Followed by 41 of our mutuals.
Security Alerts
-Daily Reminder: Twitter (and other social media) is being absolutely inundated with scams and links to fake versions of popular defi protocols - please make sure to be EXTREMELY hyper-vigilant and triple-check before interacting with anything!
-Some type of security incident with @PolyhedraZK, h/t @CyversAlerts and @PeckShieldAlert below:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (all types, $10M+ TVL only) and @stable_fish - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Important News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-CPI (inflation) numbers came in slightly higher than expected but stocks and Bitcoin shrugged it off to hit new all-time high’s, h/t @fejau_inc:
-The @aevoxyz airdrop is now live to claim (as always be hypervigilant and triple-check everything though):
-Dencun about to go live, h/t @Crypto_Crib_:
-Coinbase proposes $1B convertible note offering due in 2030, good summary from tradfi analyst @KurtosisCapital below:
-New TA from @BobLoukas:
-@friendtech V2 (and presumably airdrop) coming in late April:
-Total crypto market cap getting close to previous all-time high, h/t @ChadCaff:
-New/tokenless project alfa c/o @ayyyeandy:
-Long-lost CT legend @DegenSpartan wrote an article for @egirl_capital (link in tweet below c/o @heartereum):
-Additional news items c/o @0xSalazar:
-Market thoughts from @osf_rekt:
-New @BanklessHQ episode on Ethereum’s Dencun upgrade:
-New Q&A video from macro gigabrain @LukeGromen:
-Another must-watch airdrops video from @KryptoCove including a number of airdrops we weren’t even aware of:
-Parting wisdom c/o @Pentosh1:
Conclusion
Happy Wednesday friends! Stay alert out there!
And please RT/subscribe/etc if you found this valuable!
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***Note On Material: The ‘Spotlight’ section (and ‘Note’ sections and info on our Official Monthly Sponsor if applicable) 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.