Happy Monday friends! Start of another big week!
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: $2347.70
Oil (WTI): $78.45
US 10Y Treasury: 4.485%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Our friends at @silentdao_ keep working diligently behind the scenes to develop a truly revolutionary solution to the issue of on-chain privacy…
In this regard, Silent is essentially meant to be a middleware privacy/encryption project designed to facilitate composable privacy solutions within the EVM itself...
Our editor @rektdiomedes has been helping bang the drum about what the @silentdao_ team have been building, so make sure to follow them on Twitter for more updates.
They also just published a very important article, so make sure to check it out here or via the link in the tweet below!
Biggest TVL Movers + Else
Chains are mixed today. Top 25 chains green on the weekly are BSC (#3), Sui (#13), Mode (#15), Hyperliquid (#16), Thorchain (#18), TON (#23), and zkLink Nova (#25).
Protocols are quite green today. Protocols with at least $50M TVL up at least 50% on the weekly include Particle, iZUMI Finance, and Beethoven X.
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:
(from @dexscreener - 24 hour timeframe)
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 @glacislabs. Twitter bio states”Cross Chain Messaging without the headaches. Soon™”. Followed by 2 of our mutuals. h/t @AresLabs_xyz and @chaingenius:
-New Solana SocialFi project called @kaichixyz. Twitter bio states “The next-gen revenue sharing social marketplace on Solana.” Followed by 7 of our mutuals. h/t @AresLabs_xyz:
-Something new called @clobxio. Twitter bio states “a fully on-chain Central Limit Order Book (CLOB) system built on @Movementlabsxyz.” Followed by 2 of our mutuals. h/t @AresLabs_xyz:
-New project on Base called @Nut_Up_. Twitter bio states “A new SocialFi gambling experience - coming soon to @base”. Followed by 2 of our mutuals. h/t @AresLabs_xyz:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama ($10M+ 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)
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)
-Macro schedule for the week ahead, h/t @KobeissiLetter:
-@TheRoaringKitty (of GameStop fame) returned to Twitter for the first time since 2021, catalyzing much excitement + memecoin issuance:
-Weekend news items c/o @alpha_pls:
-Competing Tether and Ripple statements generating much attention, h/t @WuBlockchain:
-Stablecoin apr’s declining as market continues its sideways chop, h/t @Benjamin918_:
-Token unlocks to be aware of this week, h/t @LDNCryptoClub:
-@fantasy_top_ continuing to dominate the TL, h/t @Tyler_Did_It:
-Interesting comparison of stats re: @friendtech and @fantasy_top_ from @0xjaypeg:
-Random alfa c/o @DeFiMinty:
-Interesting stats on the $EIGEN airdrop, h/t @CryptoKoryo:
-Interesting thoughts on the market and a few major protocols, h/t @wronguser000:
-Airdrop guide to @JumperExchange from @KryptoCove:
-New macro + crypto discussion from @MikeIppolito_, @qthomp, and @fejau_inc on @Blockworks_:
-Parting wisdom from Cobie c/o @saitama_xbt:
Conclusion
Happy Monday good degens here’s to a big week!
And please RT/subscribe/etc if you found this valuable!
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Note
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 it as well…
For instance, @tradeonblitz is a Vertex instance on @Blast_L2… just as there could be similar deployments to other EVM chains in the future :)
Once again, Vertex is the Official Sponsor of The Daily Degen, so make sure to follow them on Twitter for continued updates!
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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.