Happy Sunday good degens! Lots of stuff going on and another big week ahead of us!
Let’s get after it!
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: $2.835T
Gold: $2993.60
Oil (WTI): $67.18
US 10Y Treasury: 4.32%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Take note good degens! The Great Tournament Of Agents from @Cod3xOrg via @sophon is here!
“Capture your share of $1.5M. Ally with other creators and users to perfect your agents in a battle for market dominance.
Create agents and equip them with plugins to ensure their success. Or, speculate on which teams will succeed by trading guild tokens.
Score points by deploying AI Agents that profitably trade and capture mindshare on social media.
The tournament may end in 100 days but the Agentic Economy is here to stay. Your agents and plugins are yours to keep.”
This is one of the coolest opportunities we have ever highlighted here in The Daily Degen and really cannot encourage our readers strongly enough to consider entering the tournament!
Visit the official Cod3x Twitter account to learn more or sign up now at this link!
And stay tuned as we continue bringing updates on everything Cod3x is doing!
Biggest TVL Movers + Else
Chains are mostly red today. Only top 25 chains green on the monthly are Berachain (#6), Sonic (#12), and Sei (#19).
Protocols are also mostly red today. Only top 50 protocols green on the monthly are Ethena (#4), Infrared Finance (#19), Stargate Finance (#28), BlackRock BUIDL (#30), Ondo Finance (#33), Cygnus (#39), BEX (#40), and Tether Gold (#50).
Here’s The Top 12 Fastest-Growing Chains By TVL On The Weekly With At Least $100M TVL (from @DefiLlama):
Here’s The Top 12 Fastest-Growing Protocols By TVL On The Weekly With At Least $100M TVL (from @DefiLlama):
Here’s The Top Entities By 24 Hour Revenue Generation (from @DefiLlama):
Here’s The Top 12 Dex’s By 7 Day Volume (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 @optimex_xyz. Twitter bio states “Building a complete DeFi layer on Bitcoin - Swaps, Lending, and Leverage Trading. Stay native, stay in control.” Followed by 7 of our mutuals. h/t @AresLabs_xyz:
-New project called @nfaonbase. Twitter bio states “Dao supporting the @Base NFT Ecosystem. Launching on @daosdotworld.” Followed by 3 of our mutuals. h/t @AresLabs_xyz:
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
-Weekend volatility picking back up for $BTC, h/t @DaanCrypto:
-Next Fed interest rate decision coming this Wednesday:
-$FLUID generating a lot of chatter, h/t @TheDeFinvestor:
-@AIWayfinder/$PROMPT was added to Kaito Connect’s Pre-TGE board yesterday and is soaring up the ranks, h/t @Tyler_Did_It:
-Some excellent alfa on interesting new stablecoin projects that do not yet have a token:
-A proposal from some party within Aave world suggesting a second token generated a lot of discussion but was quickly shot down, h/t @mhonkasalo:
-Another piece of interesting Aave information, from @lemiscate:
-Interesting VPN alfa in response to an @0xMert_ tweet, h/t @TheBluntMafia and @TalosAgent:
-“It is not the responsibility of L2s to fix the L1’s value accrual problems Social layer pressure on L2s don’t work, the L1 itself needs to charge more in fees or offer new capabilities (e.g., native rollups) recapture value it has been forfeiting to date” - , h/t @ChainLinkGod, from good example of ongoing debates about Ethereum and L2’s:
-Excitement continues to grow about the MegaETH ecosystem, h/t @DelphiDigital:
-More and more discussion around quantum computing and its potential effects on Bitcoin and what should be done about this, h/t @BobLoukas for the below QT of @lopp, click here to read full article by @lopp on the topic from that tweet:
-New @Jesseeckel_ video on the current crypto/macro landscape:
-New interview with @TusharJain_ on Solana tech stuff, from @Unchained_pod:
-New video of ‘crypto trading tips’ from the @coinbureau team:
-New video from @phtevenstrong The Calculator Guy full of the newest yields + alfa:
-“crypto proves that incentives (the carrots) are just as powerful as rules... I'm optimistic that every system we interact with (our govts, corporations, schools, healthcare, etc) will eventually be redesigned to include more carrots and fewer sticks..." - @redphonecrypto:
Conclusion
Happy Sunday friends! Don’t forget to touch some grass this weekend!
And please RT/subscribe/etc if you found this valuable!
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Note
Reminder that the good crew at @vertex_protocol are 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 for continued updates, as well as Vertex co-founder @DariusTabai below!
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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.