Happy Thursday good degens! Lots 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 @CryptoBubbles24):
Gold: $2208.39
Oil (WTI): $82.50
US 10Y Treasury: 4.222%
Stocks ($SPY as proxy): +0.84%
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!)
@Parcl - a Solana RWA project where you can long/short various real estate markets or provide liquidity - earn boosted points with our code: thedailydegen
-@CloneProtocol - synthetic assets protocol on Solana with presumed airdrop
@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
@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
@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
@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...
Biggest TVL Movers + Else
Chains are mixed today. Top 50 chains up at least 5% on the daily include Gnosis (#17), and Mode (#31).
Protocols are mostly green today. Top 100 protocols up at least 5% on the daily include Renzo (#19), Zircuit Staking (#33), Aerodrome (#46), Pac Finance (#78), Thruster (#82), Ondo Finance (#84), and NAVI Protocol (#100).
Here’s The Top 12 Fastest-Growing Chains By TVL On The Weekly With Minimum $1M TVL (from @DefiLlama):
Here’s The Top 12 Fastest-Growing Protocols By TVL On The Weekly With Minimum $1M TVL (from @DefiLlama):
Here’s The Top 12 Entities By 24 Hour Token-Holders’ Revenue (from @DefiLlama):
Here’s The Top 12 Protocols On Arbitrum By TVL (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 @Wagmipad. Twitter bio states “@Berachain-centric fair chance launchpad & defi hub. Now, everyone has a shot! Ooga Booga! 🐻⛓️”. Followed by 6 of our mutuals. h/t @Beacon_Early:
-New project called @ursafinance. Twitter bio states “A Berachain native lending market, for the beras by the beras 🐻🌟”. Followed by 5 of our mutuals. h/t @Beacon_Early:
-Something new called @Byzantine_fi. Twitter bio states “Native restaking at zero fees. Decentralised, liquid, and just so damn sexy.” Followed by 4 of our mutuals. h/t @AresLabs_xyz:
-Something new called @PatchworkProto. Twitter bio states “Patchwork brings rich metadata onchain. Easily layer transferable, mutable, and extensible data on top of tokens, contracts, & addresses.” Followed by 4 of our mutuals. h/t @AresLabs_xyz:
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!
-No security alerts today.
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama ($1M+ 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)
-SEC/Coinbase news was dominant topic of the day, good thread explaining all from @iampaulgrewal:
-Very interesting comments from Larry Fink, h/t @TheDeFinvestor:
-@zerohedge on ETF flows:
-Ticker alfa c/o @0xGeeGee:
-Surging gold prices getting increased attention in macro circles, h/t @WarrenPies:
-New airdrop of something called $SIGNAL, h/t @73lV:
-Upcoming Ethena airdrop getting a lot of attention, h/t good summary from @dcfgod:
-ETH L2 Linea also getting a lot of attention on the TL, h/t @MinoAirdrop:
-Current market thoughts c/o @LDNCryptoClub:
-More market thoughts c/o @dunleavy89:
-New deep dive on Fantom from @jake_pahor:
-Good thread on @Scroll_ZKP from @CC2Ventures:
-New video on Solana from @coinbureau:
-New livestream from @noahseidman primarily focused on L2’s:
-New discussion from @santiagoroel and @JasonYanowitz from @theempirepod about overall crypto landscape and insights from Digital Assets Summit 2024:
-Parting wisdom c/o @degengambleh:
Conclusion
Happy Thursday friends let’s get after it!
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.