Happy Tuesday good degens! Things are heating up!
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: $2353.60
Oil (WTI): $78.49
US 10Y Treasury: 4.467%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Big announcement from @vertex_protocol friends!
Vertex will be deploying to @BotanixLabs!
Botanix is a very interesting new EVM Bitcoin L2, and you can learn more about them on their Twitter account here!
This announcement comes on the back of a bunch of other cool stuff Vertex has rolled out lately, including their new ‘Buyback & Stake’ program, their new fiat on/off ramping integration with @transak, and a new upgraded referral system that is geared up for release soon!
Vertex is our Official Sponsor so if you are an active trader then make sure to get started with Vertex and get access to 30+ perps & spot markets on their site at http://app.vertexprotocol.com! And make sure to follow them on Twitter for more updates as well!
Biggest TVL Movers + Else
Chains are quite red today. Only top 60 chains green on all three timelines (daily, weekly, monthly) are Hyperliquid (#16), TON (#23), Fantom (#31), and dYdX (#35).
Protocols are also quite red today. Only top 60 protocol chains green on all three timelines (daily, weekly, monthly) are Sanctum (#39), BounceBit (#48), Hyperliquid (#55 - note: Hyperliquid is listed as both a chain and protocol on DefiLlama), Juice Finance (#57), and Ondo Finance (#59).
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)
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 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 @worldpvpco. Twitter bio states “211 countries, 1 nuke, hundreds of millions on the line, live now on @base.” Followed by 97 of our mutuals.
-New dex on ETH Mainnet called @QuantoSwapOrg has been added to @DefiLlama. Twitter bio states “QuantoSwap is a cutting-edge decentralized exchange (DEX) built on Ethereum with the ability to exchange Liquid Staking Tokens.” Not followed by any of our mutuals.
-Previously-mentioned new Bitlayer dex @bitCow_AMM has been added to @DefiLlama. Twitter bio states “BTC-Native stable and concentrated liquidity AMM. Developed by @bitsmiley_labs”. Followed by 6 of our mutuals.
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama ($10M+ TVL, single-exposure, no-IL only) and @stable_fish - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Security Alerts
-Daily Reminder: Twitter (an other social media) is being absolutely inundated with scams and links to fake versions of popular defi protocols - please make sure to be EXTREMELY hyper-vigilant and triple-check before interacting with anything!
-@PeckShieldAlert released the following security alert:
Important News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-Both PPI and CPI inflation data are on the docket, h/t @tedtalksmacro:
-Longest bond bear market in US history continues, h/t @charliebilello:
-Drift airdrop coming May 16th, h/t @CryptoHayes with the QT:
-Interesting acknowledgement by Janet Yellen:
-$USDT still dominating stablecoin landscape, h/t @ViktorDefi:
-Fascinating stats re: memecoins from @CryptoKoryo:
-Additional news recap c/o @0xSalazar:
-New AI advances continue to generate massive attention, thoughts on the latest from one of our favorite crypto fogs @wronguser000:
-Good info on top crypto tools/services to be aware of h/t @DefiIgnas:
-Following tweet about memecoins from @zhusu generated much attention:
-Macro investing legend @hkuppy on the futility of shorting in the late-stage currency debasement ‘GameStop Era’:
-New @BanklessHQ interview with macro gigabrain @LynAldenContact:
-More daily airdrop alfa from @KryptoCove:
-Parting wisdom h/t @alpha_pls:
Conclusion
Happy Tuesday friends! Stay alert out there!
And please RT/subscribe/etc if you found this valuable!
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Note
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!
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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.