Happy Saturday friends! Let’s get after it!
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: $2366.90
Oil (WTI): $78.26
US 10Y Treasury: 4.50%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Take note friends… we’ve been assisting Metis in raising awareness about everything going on in their ecosystem, and as a result we are helping highlight @ENKIProtocol and their new eMETIS staking program!
As stated in their announcement below:
“By staking for seMetis, you're positioning yourself to earn competitive yields and contribute to the decentralization and security of @MetisL2. Don't miss out on this chance to be part of something revolutionary…
Stake your eMetis, start staking, and be ready to collect rewards that reflect your commitment to the future of LSDs and DeFi…”
Get started now by visiting the Enki site here, and make sure to follow them on Twitter at @ENKIProtocol and Metis at @MetisL2 to stay updated on everything they have going on!
Biggest TVL Movers + Else
Chains are quite red today. Only top 100 chains green on all three timelines (daily, weekly, monthly) are Fantom (#32), and dYdX (#35).
Protocols are quite red today as well. Only top 200 protocols green on all three timelines (daily, weekly, monthly) are JustStables (#24), Particle (#89), STON(dot)Fi (#100), RealT (#132), ApeX Protocol (#146), Reserve Protocol (#161), and Beethoven X (#190).
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 Revenue Generation (from @DefiLlama):
Top Trending Tokens:
(from @dexscreener - 24 hour timeframe)
Bitcoin Fear/Greed Index:
(from @BitcoinFear)
Ethereum Fear/Greed Index:
(from @EthereumFear)
Chart Of The Day
(Courtesy of our Official Sponsor @vertex_protocol)
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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!)
-Something new called @ArchNtwrk. Twitter bio states “The only Bitcoin-native application platform.” Followed by 40 of our mutuals. h/t @santiagoroel:
-New project called @DripDripFi. Twitter bio states “Stake ETH or Stablecoins. Earn Points and Tokens for potentially anything!” Followed by 25 of our mutuals.
-Something new called @tradesaucexyz. Twitter bio states “coming soon(tm)”. Followed by 7 of our mutuals. h/t @AresLabs_xyz:
-Something new called @citypayio. Twitter bio states “CityPay is a digital currency payment solution for businesses allowing them to accept payments in cryptocurrencies and receive in local fiat.” Followed by 4 of our mutuals. h/t @AresLabs_xyz:
-New project called @itstuyo. Twitter bio states “Get your first dollar into crypto, buy, sell, and explore DeFi with ease, while in complete control”. Followed by 5 of our mutuals. h/t @AresLabs_xyz:
-New dex on Scroll called @tokanexchange has been added to @DefiLlama. Twitter bio states “The Next Generation Liquidity Layer for Scroll.” Not followed by any of our mutuals but apparently has $850k TVL. h/t @BuildWithScroll:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (all types, $1M+ TVL) - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Security Alerts
-Daily Reminder: Twitter (an 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.
Important News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-Crypto and US presidential election increasingly looking like they will have significant bearing on each other:
-ETF flows were net negative Friday, primarily due to Grayscale outflows:
-Brief news recap c/o @0xSalazar:
-Betting odds for an ETH ETF approvals on Polymarket spiked over the last 24 hours, generating much attention (though odds still quite low), h/t @crypto_condom:
-Potential arguments for an ETH ETF approvals from @VivekVentures:
-Solana protocol @marginfi apparently planning to release a Stablecoin, stable swap, and native mobile app, h/t @SolanaFloor:
-Thoughts on alts/narratives from @thedefivillain:
-Bittensor/TAO expanding its number of subnets, h/t @DreadBong0:
-The market cap of the entire crypto market is still less than that of Apple, h/t @Cheguevoblin:
-Excellent thread from @crypthoem on memecoin trading, based on a fantastic video on the subject by @CryptoKoryo:
-Good thread on reasons to be bullish, from @reganbozman:
-New discussion on US regulatory environment, memecoins, friendtech, and more, from @pythianism, @im_manderson, and @MikeIppolito_ on @thebellcurvepod:
-New episode of @0xSteadyLads featuring guest @QwQiao:
-Newest update on all things airdrop-related from @KryptoCove:
-Newest episode of NFA Live:
-Parting wisdom c/o @TheCryptoDog:
Conclusion
Happy Saturday friends! 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’ and ‘Note’ sections and info on our Official Monthly Sponsor 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.