Happy Thursday good degens! Some positive price action we’re seeing!
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: $2390.00
Oil (WTI): $78.69
US 10Y Treasury: 4.33%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Two more boolish announcements from @vertex_protocol today friends!
-They are partnering with @garden_finance - “the world’s fastest Bitcoin bridge” - for a very cool ‘quest’ that will grant users rewards (stay tuned for more details!), and…
-They announced their integration with @pear_protocol, which is a new pair-trading perps dex that will be leveraging Vertex’s orderbook liquidity as part of their protocol architecture! Pear just released their mainnet beta and users can try it out to earn both $ARB and $VRTX rewards!
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 here!
Biggest TVL Movers + Else
Chains are quite green today. Top 50 chains up at least 7% on the daily include Solana (#4), Thorchain (#18), Near (#19), MultiversX (#34), Celo (#36), and Injective (#49).
Protocols are also quite green today. Protocols with at least $20M TVL up at least 20% on the daily include multichain lending protocol LayerChain, Injective dex Helix, and ETH Mainnet lending protocol TermFinance.
Here’s The Top 12 Chains By TVL (from @DefiLlama):
Here’s The Top 12 Protocols By TVL (from @DefiLlama):
Here’s The Top 12 Entities By 24 Hour Token-Holders’ Revenue (from @DefiLlama):
Top Trending Tokens:
(from @dexscreener - 24 hour timeframe)
Bitcoin Fear/Greed Index:
(from @BitcoinFear)
Ethereum Fear And Greed Index
(from @EthereumFear):
New Projects
(note: this includes new projects we find through combing Twitter each day, and we also include or re-include every newly launched protocol added by @DefiLlama that has at least some TVL or is followed by at least some of our mutuals - hence disclaimer: these are not pre-vetted by us so make sure to DYOR!)
-New project called @veda_labs. Twitter bio states “Yield is freedom.” Followed by 8 of our mutuals. h/t @AresLabs_xyz:
-Something new called @ambitmoney. Twitter bio states “$AUSD is the largest liquidity hub for yield-generating protocols and strategies. Backed by @BinanceLabs.” Followed by 4 of our mutuals. h/t @AresLabs_xyz:
-Something new called @thebotcompany. Twitter bio states “Everyone is busy, bots can help”. Followed by 5 of our mutuals. h/t @AresLabs_xyz:
-Something new called @makeprisms. Twitter bio states “Prism enables one click, multi-party #bitcoin payments. We build apps for consumers and an API for developers.” Followed by 6 of our mutuals. h/t @AresLabs_xyz:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (all types, $1M+ TVL) and @stable_fish - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Security Alerts
-No security alerts today.
Important News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-CPI (inflation) data numbers did not bring any big surprises, h/t @NickTimiraos and @tedtalksmacro:
-Additional takes on the very nuanced inflation situation, from @WarrenPies:
-ETH/BTC ratio now at three-year lows, h/t @Route2FI:
-Political memecoins up big over last 24 hours, h/t @Tyler_Did_It:
-@Blast_L2 airdrop has been pushed out to June 26th, h/t @OlimpioCrypto:
-S&P 500 back at all-time high’s again, h/t @charliebilello:
-Biggest ‘narrative mindshare’ gainers since January are memecoins and SocialFi, and biggest losers are BRC20 and GameFi, h/t @_kaitoai and @sandraalow:
-Similarly, in price performance, $BTC, $SOL, AI, and memecoins are dominating year-to-date, h/t @VentureCoinist:
-Good list of exploratory/airdrop-farming alfa from @ThorHartvigsen:
-Following regulatory/security related story is generating lots of discussion, h/t @hosseeb and @bantg:
-Excellent thread on TON and the @ton_blockchain ecosystem from @alpha_pls:
-Parting wisdom c/o @defi_naly:
Conclusion
Happy Thursday lads and ladettes! Enjoy the greenery :)
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.