Happy Wednesday friends! Lots of interesting stories today!
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 @CryptoBubbles24):
Gold: $2378.10
Oil (WTI): $78.40
US 10Y Treasury: 4.426%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Another very cool announcement from @vertex_protocol good degens :)
They will be launching GMCI Index Perps!
This will give Vertex traders the opportunity to trade two indices:
-GMCI 30, an index composed of the top 30 digital assets in the crypto space by market cap, and…
-GMCI MEME Index, which tracks the top meme coins by market cap, including $SHIB, $BOME, $WIF and more!
Learn more about these indices and all the other relevant details in the thread below!
And, as always, Vertex is the Official Sponsor of The Daily Degen… 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 mostly red today. Biggest gainer on the weekly among top 30 chains is zkLink Nova (#28) at +94.98%, and biggest loser is Bitcoin (#9) at -10.36%.
Protocols are quite red today as well. Biggest gainer on the weekly among top 50 protocols is PancakeSwap (#13) at +38.15%, and biggest loser is Synthetix (#46) at -8.94%.
Here’s The Top 12 Fastest-Growing Chains By TVL On The Weekly With Minimum $10M TVL (from @DefiLlama):
Here’s The Top 12 Fastest-Growing Protocols By TVL On The Weekly With Minimum $10M TVL (from @DefiLlama):
Here’s The Top 12 Entities By 24 Hour Fee Generation (from @DefiLlama):
Here’s The Top 12 Chains By 7 Day Stablecoin Inflow % (from @DefiLlama):
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!)
-Something new called @POMONetwork. Twitter bio states “A social DePin restaurant rating and CRM system built on @arbitrum Coming soon to IOS and Android”. Followed by 2 of our mutuals. h/t @AresLabs_xyz:
-A new bridge called @FreeLayer2 has been added to @DefiLlama. Twitter bio states “Free your assets early... Instantly liquify your staked assets and unlock extra yield potential.” Followed by 2 of our mutuals.
-A new lending protocol on Blast called @Aso_Finance has been added to @DefiLlama. Twitter bio states “The lending protocol on @Blast_L2 . Earn high yields from bribe-reward tokenomics & share 100% protocol profits by staking $ASO!” Followed by 5 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!
-@SonneFinance was apparently exploited for $20M, h/t @peckshield:
-Interesting security-related story from @WuBlockchain:
Important News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-CPI report coming out today:
-Related interesting stat from @dunleavy89:
-Lots of discussion re: recent statements by former House Speaker and Vice Presidential Candidate Paul Ryan where he talks about stablecoins as a potential solution to US sovereign debt crisis and alludes to their total market cap potentially growing into the “trillions”:
-$PEPE climbing the rankings and generating lots of attention, h/t @Flowslikeosmo:
-Fascinating stat re: new token launches, h/t @jconorgrogen:
-Lots of discussion re: new Polymarket funding round with backers including Vitalik, Peter Thiel, and others:
-Interesting $COIN-analysis from @CoinbaseDuck:
-Following data point from @smyyguy is generating much attention:
-Good reasons for bullishness h/t @Nemi_0x:
-Interesting and very extensive thread from infamous airdrop maximalist @CC2Ventures:
-Additional news stories c/o @Cprinze_:
-New @DeFi_Dad interview with @wagmiAlexander and @Ace_da_Book on Aerodrome and Velodrome:
-New daily airdrop alfa c/o @KryptoCove:
-Parting wisdom from @cburniske:
Conclusion
Happy Wednesday friends and stay hypervigilant out there!
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.