Happy Friday good frogs! The excitement continues!
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: $2254.80
Oil (WTI): $83.17
US 10Y Treasury: 4.206%
Stocks ($SPY as proxy): -0.019%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Take note good degens… we’re helping Metis raise awareness about everything going on in their ecosystem, and in that vein wanted to highlight @TheHerculesDEX!
Hercules is a friendly fork of the groundbreaking Camelot Dex model that aims to become the native liquidity layer for the Metis ecosystem, in concert with a $1M grant from the Metis EDF (ecosystem development fund)!
The first Alpha pools feature $USDC, $USDT, $WETH, and $METIS variants as available tokens for deposits. The Community sale for the DEX’s token, $TORCH, is set for the 5th and 6th of April. Concurrently Genesis pools will be open for users to deposit into. These pools are important to take note of, as they will be incentivized by a total of 3.5% of the entire supply of $TORCH, and are only open to deposit from April 1st to April 7th. The pools will earn for a total of 4 months, and will be incentivized by $TORCH, $xMETIS, and more! Depositing liquidity will collect points for the upcoming $METIS airdrop, along with the regular LP rewards!
Check out Hercules DEX by clicking here and provide assets to start earning now!"
Biggest TVL Movers + Else
Chains are mostly green today. Top 30 chains up at least 15% on the weekly include Solana (#4), Blast (#6), Base (#8), Sui (#12), and Aptos (#15).
Protocols are mixed today. Top 50 protocols up at least 25% on the weekly include Pendle (#9), Renzo (#17), Zircuit Staking (#32), Raydium (#42), and Aerodrome (#46).
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 Fee Generation (from @DefiLlama):
Here’s The Top 12 Protocols On Avalanche 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 protocol called Keller Labs on Scroll with the @ of @Equilibre_Labs has been added to @DefiLlama. Twitter bio states “Building the next real yield user-share based on a DeFi product suite.” Followed by 10 of our mutuals.
-New Blast liquid-staking protocol called @FlastProtocol has been added to @DefiLlama. Twitter bio states “Flast Protocol - The first liquid restaking protocol on Blast. 🚀 🔆 Airdrop for Early Access Members.” Followed by 2 of our mutuals.
-New multichain dex called @GullNetwork has been added to @DefiLlama. Twitter bio states “Built on @MantaNetwork 🔍 Simplified DeFi Integration 💡Tokenization & Liquidity Support 💰Gull Wallet & Nodes #letsgull”. Followed by 34 of our mutuals.
-New BSC + Arbitrum dex called @BurveProtocol has been added to @DefiLlama. Twitter bio states “🪄 Explore the consensus-driven AMM protocol, empowered by @BurveLabs.” Not followed by any 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!
-@PrismaFi suffered an exploit yesterday:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama ($10M+ TVL, single-exposure, and no-IL only) and @stable_fish - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Important News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-$WIF generating massive attention and now the third-largest meme coin, h/t @coingecko:
-@Hyperliquidx will be doing a test airdrop of a meme token called $PURR similar to Jupiter’s $WEN airdrop, h/t @BowTiedIguana:
-New token called $MEW was airdropped directly to many Solana users and should be visible in your Phantom wallet if you received it, h/t @blknoiz06:
-Narrative alfa c/o @thedefivillain:
-News and protocol alfa c/o @TheDeFinvestor:
-Wormhole announced an official date of April 3rd for their airdrop, h/t @MingoAirdrop:
-@Parcl released info on their upcoming airdrop, good analysis from @0xjaypeg below:
-Gold vs interest rates chart generating lots of attention as of late, h/t @FloodCapital:
-Airdrop-alfa from @CC2Ventures:
-There is now over $1B in tokenized US treasuries on-chain, h/t @RyanSAdams:
-Mega-thread on Fantom and its ecosystem from @Beacon_Early:
-Excellent macro roundtable discussion from @Blockworks_ from the DAS Summit:
-Newest update on all things airdrop-related from @KryptoCove:
-Discussion with Messi from @jediblocmates at @blocmatesdotcom:
-New macro Q&A from @LukeGromen:
-Parting wisdom c/o @cryptoalvatar via @QuotableCrypto:
Conclusion
Happy Friday and stay alert out there friends!
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.