Happy Saturday friends! Q1 is almost over!
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
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 30 chains up at least 50% on the monthly include Solana (#4), Base (#8), Aptos (#14), and Starknet (#18).
Protocols are mixed today. Protocols with at least $100M TVL up at least 400% on the monthly include Blast dex Thruster, Blast lending protocol Pac Finance, Blast lending protocol Juice Finance, and Blast lending protocol Orbit Protocol.
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):
Bitcoin Fear/Greed Index:
(from @BitcoinFear)
Ethereum Fear And Greed Index
(from @EthereumFear):
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 (all types, $10M+ TVL only) and @stable_fish - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
New Projects
(note: this includes new projects we find through combing Twitter each day, and we also include every (newly launched) protocol added by @DefiLlama - hence disclaimer: these are not pre-vetted by us so make sure to DYOR!)
-New project called @SataBTC. Twitter bio states “The First BTC Restaking Collective #Bitcoin #Stacks”. Followed by 2 of our mutuals. h/t @AresLabs_xyz:
-New project called @MidasRWA. Twitter bio states “Bringing tokenized real-world assets on-chain.” Followed by 15 of our mutuals. h/t @AresLabs_xyz:
-Something new called @NebulaFi_. Twitter bio states “Home of Modular Liquid Staking 🏛️ Coming soon on @dymension - nDYM”. Followed by 9 of our mutuals. h/t @AresLabs_xyz:
-New project called @EdgelessNetwork. Twitter bio states “The Future is Edgeless. We are the first ever crypto ecosystem without application layer fees...” Followed by 13 of our mutuals. h/t @AresLabs_xyz:
-Previously-mentioned Blast derivatives protocol @BloomOnBlast has been added to @DefiLlama. Twitter bio states “We're making leverage trading fun again, powered by @Blast_L2 | Big Bang Winner | Zero-slippage, boosted yields, 50x leverage | 100% airdrop for LPs / traders.” Followed by 13 of our mutuals.
-New dex on ‘BEVM’ chain called @SavmDEX has been added to @DefiLlama. Twitter bio states “Empower Your Trades with SavmDEX: Where Innovation Meets Security. Supported by @BTClayer2”. Followed by 3 of our mutuals.
Important News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-PCE inflation data comes in soft, h/t @fejau_inc:
-Meme coin mania continues, h/t @blknoiz06:
-$WIF generating massive attention as it is close to hitting the top 30 crypto tokens by market cap, h/t @SolJakey:
-New Solana meme coin $MEW surges past $500M market cap, h/t @DegenerateNews:
-Another new meme coin getting lots of attention, h/t @WuBlockchain:
-Bitcoin ETF’s have accumulated $35B worth of $BTC since January:
-April shaping up to be a big month for airdrops, h/t @defi_octopus:
-Latest real-time inflation data from @truflation:
-Transaction counts on Base are surging, h/t @tokenterminal:
-Macro thoughts from @LDNCryptoClub:
-Interesting thoughts on AI sector c/o @knowerofmarkets:
-Fascinating thread from @0x2Joy on North Korean hackers and the Munchables incident this week:
-New roundtable discussion from @0xSteadyLads:
-New discussion between @pythianism, @im_manderson, and @MikeIppolito_ from @thebellcurvepod:
-Weekly roll-up of all the top stories in crypto from @BanklessHQ:
-Good general crypto update c/o @0xMughal:
-New @CryptoHayes interview from @RaoulGMI:
-Parting wisdom c/o @safetyth1rd:
Conclusion
Happy Saturday friends 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.