Happy Saturday friends! Quite a week its been!
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: $2159.40
Oil (WTI): $81.04
US 10Y Treasury: 4.308%
Stocks ($SPY as proxy): -0.69%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Here's an update on some of the tokenless projects with potential airdrops we've been trying out along with referral links when applicable if you'd like to support our work! (note: as always please DYOR though!)
@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
@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
@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 mostly green today. Biggest gainer on the weekly among top 50 chains is Blast (#9) at +41.87%, and biggest loser is DefiChain (#39) at -14.01%.
Protocols are mostly green today as well. Biggest gainer on the weekly among top 100 protocols is ETH Mainnet payments protocol Flexa (#63) at +140%, and biggest loser is ETH Mainnet and Gnosis lending protocol Spark (#9) at -20.87%.
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):
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!)
-New project called @AIWayfinder. No Twitter bio but pinned tweet describes it as “An omni-chain tool providing groundbreaking ways for you to interact with AI onchain.” Followed by 45 of our mutuals. h/t @toffee248:
-New project called @TeqNTWRK. Twitter bio states “Pioneering Decentralized AI Cloud Computing, engineered by Developers, for Developers.” Followed by 13 of our mutuals. h/t @toffee248:
-New project called @pingpongbuild. Twitter bio states “// building the largest DePIN liquidity and service aggregator🏓 (the DePIN version of 1inch)”. Followed by 6 of our mutuals. h/t @twindoges:
-Something new called @Pillar_xyz. Twitter bio states “Building a better connected social solution. Powered by @Solana.” Followed by 2 of our mutuals. h/t @twindoges:
-Something new called @Simplify_ERC314. Twitter bio states “Simplify is the first token to use the new experimental ERC-314 standard”. Followed by 9 of our mutuals. h/t @twindoges:
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 incident with @Mozaic_Fi (click to expand tweet below):
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama ($10M+ TVL, single-exposure, and no-IL only) and @stable_fish - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Important News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-A brand new meme coins ($BOME) which has already secured a Binance listing and hit the top 100 by market cap is generating much attention, h/t @coingecko:
-Lot of discussion about $BOME (see above) as harbinger of more sophisticated meme coin launches to come, h/t @wizardofsoho:
-Market check-in c/o @krugermacro:
-Lot of talk about the BTC/MSTR trade in relation to the poor price action of the last few days, example c/o @0xSisyphus:
-DePIN narrative continues to gain steam, h/t @Dynamo_Patrick:
-Inflation getting lots of attention in macro circles, h/t @LynAldenContact:
-Lot of talk about @elixir on the TL the last few days, sample c/o @0xjaypeg below:
-@HatomProtocol announces they will be offering a Bittensor ($TAO) bridge + liquid-staking solution, h/t @markjeffrey:
-Lot of excitement around @ether_fi’s $ETHFI TGE on Monday, h/t @CryptoHayes and @ayyyeandy:
-Potential @beefyfinance alfa? h/t Beefy core @w3soBeefy:
-Bullish sentiments/stats from @TheFlowHorse and @CL207:
-New episode of @0xSteadyLads:
-New @theempirepod interview with Konstantine Lomashuk:
-New interview with PancakeSwap head chef @chef_mochi from @0xResearch:
-New @Blockworks_ video on US real estate:
-Parting wisdom c/o @0xENAS:
Conclusion
Happy Saturday friends! Don’t forget to touch some grass/surf/snow this weekend!
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.