Happy Monday good frogs! More good price action we’re seeing!
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: $2082.48
Oil (WTI): $79.56
US 10Y Treasury: 4.233%
Stocks ($SPY as proxy): N/A
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
We at the Daily Degen believe that 2024 will be the year of the 'Airdrop Meta', and have been utilizing lots of projects that are presumed to be doing an airdrop!
Here's some of the projects we've been trying out for this purpose 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
@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
@ether_fi - another EigenLayer restaking option with its own presumed airdrop
@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
@PolyhedraZK - bridge tokens and mint + bridge NFT’s
@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
@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
@modenetwork - new ETH L2 with presumed airdrop - https://ref.mode.network/Fx6b7N
@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
@aevoxyz - another perps dex presumed to be doing an airdrop... https://app.aevo.xyz/r/Nervous-Grand-Schiff
@rabbitx_io - app-chain perps dex - use to potentially qualify for several airdrops - https://app.rabbitx.io/?ref=REKTDIOMEDES
Biggest TVL Movers + Else
Chains are extremely green. Top 30 chains up more than 5% on the daily include Bitcoin (#5), Blast (#16), and Near (#30).
Protocols are extremely green as well. Protocols with at least $50M TVL up at least 10% on the daily include Blast dex Thruster, Blast lending protocol Pac Finance, and multichain dex Ambient Finance.
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):
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 @metrixtools. Twitter bio states “building the most comprehensive Ordinals trading platform • a @taprootalpha project”. Followed by 2 of our mutuals. h/t @Beacon_Early:
-Something new called @TalusNetwork. Twitter bio states “Next-gen blockchain network for AI. Backed by @polychain.” Followed by 64 of our mutuals. h/t @eli5_defi:
-Something new called @aiwaifugg. Twitter bio states “The Future of Love | Runner Up in Blast Big Bang Comp Fair launch 5-8th Mar on @Blast_L2 via @FjordFoundry Powered by @virtuals_io | Built on @Blast_L2”. Followed by 14 of our mutuals. h/t @eli5_defi:
-New Blast dex called @SwapBlast has been added to @DefiLlama. Twitter bio states “The Central Liquidity Hub of Blast”. Followed by 4 of our mutuals.
-New Blast lending protocol called @WandProtocol has been added to @DefiLlama. Twitter bio states “A Structured Protocol for Better Asset Utilization, now on #Blast”. Followed by 4 of our mutuals.
-Previously-mentioned Blast perps protocol @BlastFutures has been added to @DefiLlama. Twitter bio states “#1 Perps DEX with Native Yield. Trade Futures on Blast? Trade on Blast Futures.” Followed by 21 of our mutuals.
-New Solidly-fork (dex) on Blast called @GasSwapOfficial. Twitter bio states “First Solidly Dex fork for #Blast L2 by @Gas404Official GasSwap Ninja farming starts Mar 5th, 11 AM UTC+0”. Not followed by any of our mutuals.
-New Sui yield protocol called @strater_sui has been added to @DefiLlama. Twitter bio states “One-Stop DeFi operation hub for @SuiNetwork ecosystem. Integrated @AftermathFi @bucket_protocol @scallop_io @navi_protocol”. 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!
-Important security reminder from @Zeneca:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (all types, $1M+ TVL) 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)
-Macro schedule for the week ahead c/o @KobeissiLetter:
-Bitcoin still on lower half of famous ‘Rainbow Chart’ but moving upwards, h/t @DaanCrypto:
-Total crypto market cap still 20% below previous all-time high of $3T:
-Project updates c/o @TheDeFinvestor:
-On-chain perps volumes keep rising, h/t @zerototom:
-Japanese stock market at all-time high’s, h/t @biancoresearch:
-Solana dex volumes at all-time high’s, h/t @DegenerateNews:
-Lots of discussion on the TL lately about Michael Saylor’s MicroStrategy/$MSTR, h/t @Rewkang:
-Latest real-time inflation numbers from @truflation:
-Thena Finance getting a lot of attention from some of our smartest mutuals as of late, h/t @jake_pahor:
-Interesting data from @CryptoKoryo from fantastic thread of stats/charts/etc:
-New interview with Tether CEO @paoloardoino from @BanklessHQ:
-New livestream from @tedtalksmacro:
-New video on how to buy Doginals/Drc20s from @drakeondigital:
-Parting thoughts c/o @ColdBloodShill:
Conclusion
Happy Monday friends! Enjoy the positive price action 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.