Happy Thursday friends! Lots of stuff going on!
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: $2.78T
Gold: $2972.00
Oil (WTI): $67.25
US 10Y Treasury: 4.33%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Extremely cool news from the gigabrain crew behind @ParticleNtwrk and @UseUniversalX (the first ever chain-agnostic trading platform requiring ZERO bridging!), who have just rolled out their new $PARTI Diamonds program to reward both OG’s and new users!
As noted in their new article:
“We’ve come a long way. First, we put chain abstraction on the map and built a community around it. Then, we released the first-ever chain-agnostic dApp—all within a few months. Now, we’re thrilled to introduce you to $PARTI Diamonds…
…To earn Diamonds:
Trade on UniversalX. Diamonds are limited, so they will only go to active users!
There will also be Diamonds awarded to users who refer their friends to UniversalX. Every time a user you invite earns 4 Diamonds, you’ll earn one.
If you’re an OG user that participated in The People’s Launchpad, Particle Pioneer, or hold CAPYBARA NFTs/$ALLY, you’ll earn Boosters that multiply your Diamonds earnings. More activity = a higher Booster.
An additional OG Booster will be awarded to users who traded on UniversalX before the Diamonds program. These users will also benefit from retroactive Diamonds from their early trades, but these trades themselves will NOT be boosted.”
Read the full article here, make sure to follow @ParticleNtwrk on Twitter, and stay tuned as we continue bringing updates on everything they are shipping!
Biggest TVL Movers + Else
Chains are mixed today. Top 25 chains green on all three timelines (daily, weekly, monthly) include Berachain (#6), Sonic (#12), and Sei (#20).
Protocols are also mixed today. Top 50 protocols green on all three timelines (daily, weekly, monthly) include BEX (#38), and BlackRock BUIDL (#48).
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 Entities By 24 Hour Token-Holders’ 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 @factcheckdotfun. Twitter bio states “Fighting disinformation with truth-seeking markets | Backed by @alliancedao...” Followed by 18 of our mutuals. h/t @AresLabs_xyz:
-New project called @signetsh. Twitter bio states “Just a Rollup. Built by @init4tech . Pragmatically Scaling Ethereum.” Followed by 10 of our mutuals. h/t @AresLabs_xyz:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (single-exposure, no-IL, $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
-ETH/BTC ratio hits 5 year low as overall crypto market continues to struggle, h/t morning news from @Tyler_Did_It:
-Top recent outperformer $HYPE is finally starting to see some sell pressure, now down to $12.20 from its high’s around $32 back in December and $25 one month ago, h/t @NPC_68:
-Continued focus on inflation as PPI (generally regarded as the second-most significant inflation indicator after CPI) also came in cool today… good visual of the last 12 months of CPI data from @coingecko, showing it might be on way back down (especially if @truflation is correct) which would give Fed more cover to cut rates further, which would in turn presumably be good for our magic internet coins:
-Lots of focus on MicroStrategy variant STRK and the ongoing Saylor flywheel in general:
-Additional headlines c/o @milesdeutscher:
-More defi-specific headlines from @TheDeFinvestor:
-Kaito now has 19 pre-TGE community leaderboards and 15 post-TGE community leaderboards, h/t long-form article from @sandraaleow:
-Interesting discussion of why crypto insurance protocols haven’t been more successful, h/t @0xGeeGee and @hosseeb (click on original post to view more good answers):
-Similar good discussion on defi tokens, h/t @0xGeeGee and @Bitcoineo, again click original post to view more good discussion on topic:
-Seeing focus on @harmonixfi airdrop on Hyperliquid chain from several smart accounts we follow, h/t @reisnertobias:
-Battle of the permabulls between Raoul Pal and Tom Lee (click to view video within tweet):
-New livestream from @jediblocmates and @Grantblocmates discussing everything going on in the markets overall and deep in the trenches (just aired):
-New interview with macro gigabrain @WarrenPies:
-New roundtable from @Unchained_pod (aired yesterday):
-Parting thoughts from @alpha_pls:
Conclusion
Have a great Thursday good frogs and stay alert out there!
And please RT/subscribe/etc if you found this valuable!
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Note
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!
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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.