Happy Tuesday good degens! Bleak price action but we shall not relent!
Let’s get after it!
As always… 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):
Total Crypto Market Cap: $2.92T
Gold: $2924.10
Oil (WTI): $67.98
US 10Y Treasury: 4.174%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Take note friends! Gasp Mainnet V.1 and the $GASP token from @Gasp_xyz are about to go live!
Gasp is the first dex in the EigenLayer ecosystem and this launch is a HUGE deal… so make sure to read the thread from them below or by clicking here now!
Here’s a few important points to highlight:
“The Gasp Alpha Phase is now over. We’re launching Mainnet V1. It’s Gasp on steroids…”
“The $GASP token powers our DEX, and it’s essential to the Gasp experience. In less than 24 hours, the $GASP token will be fully live and transferable…”
“$GASP is your key to the Gasp DEX Mainnet V1, where cross-chain trading is gasless, MEV protection is baked in, and there’s opportunities for LP and staking with up to 600% APY🤯”
This launch is generating massive attention so make sure to get all the details in the thread below!
And stay tuned for more updates soon as we continue to raise awareness about everything Gasp is rolling out!
Biggest TVL Movers + Else
Chains are extremely red today. Best-performing chains on the weekly with at least $50M TVL are Hedera, Cardano, and MultiversX.
Protocols are also extremely red today. Best-performing protocols on the monthly with at least $50M TVL are SoSoValue, Dolomite, and Shadow Exchange.
Here’s The Top 12 Chains By TVL (from @DefiLlama):
Here’s The Top 12 Protocols By TVL (from @DefiLlama):
Here’s The Top Entities By 24 Hour Fee Generation (from @DefiLlama):
Bitcoin Fear/Greed Index:
(from @BitcoinFear)
New Projects
(note: this includes new projects we find through combing Twitter each day, and we also include or re-include every newly launched protocol added by @DefiLlama that has at least some TVL or is followed by at least some of our mutuals - hence disclaimer: these are not pre-vetted by us so make sure to DYOR!)
-New project called @smoothiedotfun. Twitter bio states “Twitch for crypto. Analysts: Monetise your calls and TA with Smoothies. Investors and traders: Automate your research and trading with Smoothies. #DeFAI”. Followed by 8 of our mutuals.
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (single-exposure, no-IL, $1M+ TVL only) - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Important News And Analysis
-Prices have fallen dramatically again after rising dramatically yesterday after falling dramatically the day before that, h/t @Tyler_Did_It:
-Tariffs are dominating macro discourse and the stock market has been getting battered:
-Market is now pricing in three Fed interest rate cuts this year, where it was pricing in only one as recently as February 12th, h/t @jameslavish:
-Additional headlines from @cryptoIntegrat:
-New AAVE proposal generating a lot of attention, h/t @DeFiIgnas:
-Oil prices are surging downwards:
-Interesting story that @zhusu will be stepping in to directly lead his much talked-about dex @oxfunhq:
-Is Crypto YouTube a more accurate reflection of the industry than Crypto Twitter? h/t @TheStalwart:
-Will the long-anticipated MetaMask airdrop finally take place soon? h/t @DeFiIgnas:
-Some potential upcoming and ongoing airdrops to keep an eye on, h/t @Picolas_Caged:
-“You must absolutely approach this market in a position of strength, and minimize the risks you take because it’s currently ruthless” - @thedefivillain:
-New roundtable discussion from @0xResearch:
-New @Lightspeedpodhq video on everything going on in Solana land featuring @0xMert_:
-New interview with @SmokeyTheBera on everything Berachain, from @Unchained_pod:
-Parting wisdom from @BowTiedBull:
Conclusion
Have a great Tuesday friends and hang in there!
And please RT/subscribe/etc if you found this valuable!
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Note
Do you want to maximize your Points & Gems towards the upcoming Sonic airdrop anon?!? Well then @vertex_protocol is the place to do it!
The good @vertexintern just wrote up an extremely helpful guide on how to use Vertex to maximize your Points & Gems that you can check out below!
In addition(!) Vertex just announced 1.75M in Sonic/$S token rewards…
“Trade on Vertex. Unlock weekly rewards…
A total of 1.75M $S tokens are up for grabs over the next 5 weeks, with 350K $S tokens distributed based on your taker volume each week…
$S tokens will be rewarded up to a 100% of taker fees paid…
For example, pay $50 in fees and you could earn up to $50 in $S—volume permitting. If volume exceeds the pool, rewards scale proportionally…
As you trade, you’ll also farm Sonic Points and Gems alongside $S tokens as part of Season 1 ecosystem rewards…
Rewards can be claimed seamlessly on the Rewards Page…”
Check out the great guide from @vertexintern below, make sure to follow Vertex on Twitter for more updates, and stay tuned as we continue releasing important updates on everything Vertex is doing!
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***Note On Material: The ‘Spotlight’ and ‘Note’ sections 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.