Happy Thursday friends! 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: $2165.60
Oil (WTI): $78.78
US 10Y Treasury: 4.09%
Stocks ($SPY as proxy): +0.51%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Take note good degens! Things are heating up on @MetisL2!
Through their decentralized sequencer and big partnership announcements, Metis is building up to become one of the top L2s in the EVM space:
The Chainlink CCIP bridging tech will take over the canonical bridge to lower the entry barrier to new users…
Eigenlayer restaking mechanisms will be possible on Metis, while an important new Renzo Protocol partnership will deepen liquidity and make the transition seamless…
More re-staked METIS = more TVL across the chain...
And in addition to all of the above, Metis is also making waves with its new partnership with DeFi Kingdom! One of the staples of the GameFi scene, the DFK team has been working for 2 years on their new flagship PvP game, which will soon launch on Metis…
In addition, there will be a MarchDrop campaign to reward active users from the Metis community!
We are going to be helping spread the word about all of the above, so make sure to follow the official @MetisL2 Twitter account for more updates!
Biggest TVL Movers + Else
Chains are mostly red today. Top 25 protocols up at least 10% on the daily include Solana (#5) and Blast (#17).
Protocols are mostly red today. Protocols with at least $100M TVL up at least 20% on the daily include Blast lending protocol Orbit, Near liquid-staking protocol Linear Protocol, multichain liquid-staking protocol Meta Pool, Near lending protocol Burrow, and Blast lending protocol Pac Finance.
Here’s The Top 12 Fastest-Growing Chains By TVL On The Weekly (from @DefiLlama):
Here’s The Top 12 Fastest-Growing Protocols By TVL On The Weekly (from @DefiLlama - note: this one has a minimum TVL filter so only includes protocols with at least $1M TVL):
Here’s The Top 12 Entities By 24 Hour Revenue Generation (from @DefiLlama):
Bitcoin Fear/Greed Index:
(from @BitcoinFear)
Ethereum Fear And Greed Index
(from @EthereumFear):
New Projects
(note: this includes new projects we find through combing Twitter each day, and we also include every (newly launched) protocol added by @DefiLlama - hence disclaimer: these are not pre-vetted by us so make sure to DYOR!)
-Something new called @Aggregata_xyz. Twitter bio states “Scaling decentralized value of AI Data, powered by DePIN-driven aggregation. Built on BNB Greenfield | data-as-an-asset | #AI #Web3 #DePIN |”. Followed by 4 of our mutuals. h/t @AresLabs_xyz:
-Something new called @mirafoundation_. Twitter bio states “Unified AI Infrastructure, secured by crypto”. Followed by 10 of our mutuals. h/t @toffee248:
-New project called @UNITAO_IO. Twitter bio states “$UNITAO is a platform for developing DApps on the @Bittensor_ ecosystem, UNITAO is also a subnet on Bittensor.” Followed by 9 of our mutuals. h/t @toffee248:
-New lending protocol on Blast called @Novation_L2 has been added to @DefiLlama. Twitter bio states “Universal on-chain bank from blast.” Not followed by any of our mutuals.
-New Blast dex called @rawr_trade has been added to @DefiLlama. Twitter bio states “૮ ˙Ⱉ˙ ა rawr! Join the RAWRvolution! 🦖 The go-to Concentrated Liquidity DEX on @Blast_L2”. Followed by 6 of our mutuals.
-New privacy protocol on TON called @tonnel_network has been added to @DefiLlama. Twitter bio stats “#1 Zero-Knowledge Privacy Preserving DeFi protocol in #TON Network”. Followed by 2 of our mutuals.
-New lending protocol on Blast called @blumefm has been added to @DefiLlama. Twitter bio states “Lending protocol with native yield on @Blast_L2. Winner of the Big Bang competition.” Followed by 7 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!
-No security alerts today.
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (all types, $10M+ TVL only) and @stable_fish - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Important News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-@wormholecrypto announced their much-anticipated airdrop:
-Tool for checking eligibility without having to connect your wallet, from @Zenith_farms:
-Info on airdrop from @0xjaypeg:
-Good thread on Wormhole from @eli5_defi if you’d like to re-familiarize yourself with it:
-@KaminoFinance on Solana apparently launching their airdrop today, h/t @alpha_pls:
-Comments from Jerome Powell about inflation catalyzed much discussion in macro circles yesterday, h/t @LynAldenContact:
-Significant Wormhole airdrop allocation to MadLads NFT holders also got a lot of attention, h/t @DegenerateNews:
-Upcoming Nvidia conference generating excitement re: AI tokens:
-AI tokens continue to hit ATH’s, h/t @alpha_pls on Render below:
-Good thread on Bittensor/$TAO from @wist_defi:
-New crypto markets overview from @coinbureau:
-New interview with @CurveCap from @FlywheelDeFi on everything stablecoins:
-Parting wisdom from @ColdBloodShill:
Conclusion
Happy Thursday degens! 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.