Happy Wednesday good frogs! 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: $2179.80
Oil (WTI): $82.60
US 10Y Treasury: 4.283%
Stocks ($SPY as proxy): +0.56%
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
@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
@merkly_com - bridge/infra
@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 mixed today. Only top 30 chains green on the weekly are Solana (#5), Sui (#12), Aptos (#17), and Starknet (#19).
Protocols are mixed as well. Protocols with at least $100M TVL up at least 30% on the weekly include Nostra, Raydium, Orca, and Aries Markets.
Here’s The Top 12 Chains By TVL (from @DefiLlama):
Here’s The Top 12 Protocols By TVL (from @DefiLlama):
Here’s The Top 12 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)
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 DFK-style project on Blast called @CryptoValleys. Twitter bio states “A GameFi project built on @Blast_L2. ⚔️ Farm, Adventure, Compete, Craft & Trade.” Followed by 30 of our mutuals. h/t @0xjaypeg:
-New project called @arbusai. Twitter bio states “Coming soon. Stay tuned.” Followed by 10 of our mutuals. h/t @toffee248:
-Something new called @NavyAI_xyz. Twitter bio states “The first Layer 3 built on @Arbitrum Orbit for AI models training and self-learning”. Followed by 5 of our mutuals. h/t @toffee248:
-New liquidity manager on Arbitrum called @liqui_x has been added to @DefiLlama. Twitter bio states “A trustless infrastructure layer for Liquidity Management in Defi.” Followed by 1 of our mutuals.
-New farm on Blast called @Blastex_net has been added to @DefiLlama. Twitter bio states “Blastex: crypto Suder Dex, powered by #Blast. Explore bonding benefits, #ETH staking, profit division to Treasury, earn Blast points.” Followed by 1 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!
-Security alert from @paraswap via @PeckShieldAlert:
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)
-Latest FOMC meeting (Fed interest rate decision) is today at 2 pm EST:
-Thoughts on the above from @FedGuy12:
-Following story re: BlackRock/Ethereum generating intense discussion:
-Thoughts on above from @iamDCinvestor and @ThinkingUSD:
-Narrative/ticker alfa c/o @thedefivillain:
-Substantial GBTC outflows continuing, h/t @zerohedge:
-Fantom continuing to generate lots of attention + positive price action, h/t @crypthoem:
-Interesting thoughts from Arthur Hayess, h/t @Prithvir12:
-Bullish thoughts on COIN from @0xjaypeg and @blknoiz06:
-More ticker alfa c/o @Hercules_Defi:
-Base meme coins getting quite a bit of attention on the TL, h/t @0xPajke:
-New interview with @SmokeyTheBera from @theempirepod:
-New @KryptoCove airdrops video:
-Brian Armstrong CNBC interview from yesterday that’s generated quite a bit of attention:
-New DePIN sector video from @Dynamo_Patrick:
-Parting wisdom c/o @The__Solstice:
Conclusion
Happy Wednesday friends and 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.