Happy Sunday and Happy Mother’s Day friends!
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: $2366.90
Oil (WTI): $78.26
US 10Y Treasury: 4.50%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
An important nuance to understand with @vertex_protocol is the distinction between it and @EdgeLayer.
Basically, @EdgeLayer or ‘Edge’ is a liquidity architecture or ‘Synchronous Orderbook Technology’ that the Vertex team created…
It is connected to Vertex because Vertex utilizes it to source seamless cross-chain liquidity, and because the success of Edge flows back to holders of the VRTX token, however it also exists independently, as other protocols can utilize as well…
To quote the below thread from @EdgeLayer:
“Edge is laying the foundation for an alliance of ecosystems injecting their liquidity into a shared, synchronous orderbook liquidity layer across chains.”
Read that thread below as well as the thread quote-tweeting it from Vertex co-founder @DariusTabai to learn more now! And remember Vertex is our Official Sponsor so make sure to follow them on Twitter as well!
Biggest TVL Movers + Else
Chains mostly green today. Top 30 chains up at least 10% on the weekly include BSC (#3), TON (#24), and Fantom (#29).
Protocols are mixed today. Top 100 protocols up at least 20% on the weekly include PancakeSwap (#13), Marinade (#25), Sanctum (#39), and STON(dot)Fi (#97).
Here’s The Top 12 Chains By Weekly TVL Growth With At Least $1M TVL (from @DefiLlama):
Here’s The Top 12 Protocols By Weekly TVL Growth With At Least $1M TVL (from @DefiLlama):
Here’s The Top 12 Entities By 24 Hour Token-Holders’ Revenue (from @DefiLlama):
Top Trending Tokens:
(from @dexscreener - 24 hour timeframe)
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 @rugdotfun. Twitter bio states “rug dot fun is a game to launch tokens and compete for liquidity next game monday don't overthink it”. Followed by 43 of our mutuals. h/t @Tyler_Did_It:
-New project called @ar_swap. Twitter bio states “Unlocking DeFi on @aoTheComputer | Secrets to be revealed soon... 🌌 #DeFi #Crypto”. Followed by 3 of our mutuals. h/t @ahboyash:
-New wallet called @aoWebWallet. Twitter bio states “Web Wallet for @aoTheComputer on Arweave, future AO UI...” Followed by 3 of our mutuals. h/t @ahboyash:
-Something new called @ArchetypalTech. Twitter bio states “Experimental arm, prototyping Fully On Chain Games in @ohayo_dojo , @latticexyz MUD, & @ArgusLabs_ WE, + AW UGC platforms & modular mods on @CelestiaOrg”. Followed by 3 of our mutuals. h/t @AresLabs_xyz:
-New project categorized as a ‘Launchpad’ on Base called @apedotstore has been added to @DefiLlama. Twitter bio states “🍌 Revolutionary launchpad, create token for cents, trade it instantly, list it automatically without the need to add liquidity.” Followed by 8 of our mutuals.
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (all types, $10M+ TVL) and @stable_fish - 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)
-The SocialFi/MemeFi meta continues heating up, h/t @Dynamo_Patrick:
-News overview c/o @Cprinze_:
-Ticker alfa c/o @TheDeFinvestor:
-Interesting chart + observation from @Punk9277:
-No real signs of inflation re-acceleration at this point, h/t @fejau_inc:
-Hype around Runes seems to have died down significantly, h/t @WuBlockchain:
-Reminder on good security tools to use, h/t @Flowslikeosmo:
-More thoughts re: potential ETH ETF approvals h/t @crypto_condom:
-Excellent thread of thoughts + strategy re: @fantasy_top_ from @Zeneca:
-More long-form thoughts on @fantasy_top_, from @0xBreadguy:
-Poignant insight c/o @iwillpat:
-Weekly macro thoughts from @FedGuy12:
-Interesting video on @GearboxProtocol from @0xMughal:
-Latest video on all things airdrop-related from @KryptoCove:
-Parting wisdom c/o @Rightsideonly:
Conclusion
Happy Sunday friends let’s get after it!!!
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.