Happy Saturday 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 @CryptoBubbles):
Gold: $2186.20
Oil (WTI): $78.01
US 10Y Treasury: 4.077%
Stocks ($SPY as proxy): -0.60%
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 mostly green today. Top 50 chains up at least 10% on the daily include Blast (now #10), and Near (#25).
Protocols are mixed today. Protocols with at least $50M TVL up at least 15% on the daily include Pac Finance on Blast, Burrow on Near, and multichain EVM liquid-staking project Meta Pool.
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):
Top Trending Tokens (24 hour timeframe - from @dexscreener):
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 @kuzco_xyz. Twitter bio states “Distributed GPU cluster for LLM inference on @solana. Available now for macOS and Linux.” Followed by 28 of our mutuals. h/t @toffee248:
-New project called @TensorSpace_Ai. Twitter bio states “TensorSpace: The Decentralized AI Powerhouse | $TPU Run and fine-tune AI models without code; Rent GPUs/TPUs/LPUs and more.” Followed by 15 of our mutuals. h/t @toffee248:
-Something new called @SaharaLabsAI. Twitter bio states “Build the first decentralized AI network for fair and universal access to global knowledge capital.” Followed by 19 of our mutuals. h/t @AresLabs_xyz:
-New dex on Blast called @aliendotfinance has been added to @DefiLlama. Twitter bio stats “The most advanced lending protocol built for @blast_L2 with alien code”. Followed by 6 of our mutuals.
-Previously-mentioned Fraxtal dex @exchange_RA has been added to @DefiLlama. Twitter bio states “RA pairs incentives with concentrated liquidity for next-level capital efficiency”. Followed by 28 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!
-Security alert from @peckshield re: @unizen_io:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama ($1M+ TVL, single-exposure, 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)
-Announcement from @getgrass_io generating lots of attention, h/t @0xMughal:
-Filecoin sparking discussion on the TL the last couple days, h/t @HighCoinviction and @blknoiz06:
-Memecoin meta marches onward, h/t @osf_rekt:
-AI meta still developing as well, h/t @thedefivillain:
-Biden comments about mortgage rates coming down catalyzed much discussion in macro circles today:
-Action on Solana spiking again, h/t @DegenerateNews:
-Top-performing DePin tokens, h/t @CoinBeastsxyz:
-Interesting thoughts from @krugermacro:
-S&P 500 has added $9T in market cap the last 4 months, h/t @KobeissiLetter:
-Something called $CIRCLE appears to be generating attention the last couple days, h/t @LiMergence:
-Interesting new interview with @JosephJacks_ from @MarkJeffrey re: Bittensor/$TAO ecosystem (click tweet to watch full video embedded in it):
-New episode of @0xSteadyLads podcast:
-New macro video from @Blockworks_ featuring Joseph Wang @FedGuy12 and Lou Crandall:
-New roundtable discussion from @0xResearch discussing MakerDAO featuring @pythianism, @hasufl, and others:
-Parting thoughts c/o @Prithvir12:
Conclusion
Happy Saturday good degens! Don’t forget to touch some grass this weekend!
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.