Happy Saturday 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 @CryptoBubbles24):
Gold: $2419.80
Oil (WTI): $80.06
US 10Y Treasury: 4.422%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Important update from the team at @vertex_protocol - who are going to be doing a new ‘Buyback & Burn’ program!
Originally they had intended to utilize a ‘Buyback & Stake’ program, but have decided to shift to a ‘Buyback & Burn’ model instead… This program will utitlize protocol revenue (from trading fees, etc) to buy VRTX on the open market and burn it!
Once again, Vertex is our Official Monthly Sponsor and has been rolling out all kinds of bullish announcements and innovations of late, including their revolutionary new cross-chain liquidity system @EdgeLayer, their fiat on/off ramping integration with @transak, and a new upgraded referral system that is geared up for release!
If you are an active trader then make sure to get started with Vertex now, and get access to 30+ perp & spot markets on their site at http://app.vertexprotocol.com, or explore some excellent apr’s for providing liquidity!
Biggest TVL Movers + Else
Chains are quite green today. Top 50 chains up at least 6% on the daily include Mode (#14), Starknet (#25), Bitlayer (#48), and Injective (#50).
Protocols are quite green today as well. Top 50 protocols up at least 10% on the daily include Mode lending protocol Ionic Protocol (#88), multichain amm/dex/etc Trader Joe (#91), and uncategorized Starknet protocol Nostra.
Here’s The Top 12 Fastest-Growing Chains By Weekly TVL Growth With At Least $50M TVL (from @DefiLlama):
Here’s The Top 12 Fastest-Growing Protocols By Weekly TVL Growth With At Least $50M TVL (from @DefiLlama):
Here’s The Top 12 Entities By 24 Hour Token-Holders’ Revenue (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!)
-New dex on @MorphL2 called @BulbaSwap. Twitter bio states “BulbaSwap, a one-stop liquidity solution on @MorphL2.” Followed by 1 of our mutuals. h/t @brave_raf:
-Something new called @MoebiusFinance. Twitter bio states “Multi-Asset Liquid Restaking on ████”. Followed by 2 of our mutuals. h/t @AresLabs_xyz:
-New dex on AstarzkEVM called @VeryLong_Swap has been added to @Defillama. Twitter bio states “VeryLongAnimals @verylonganimals project to contribute for trading on ASTAR zkEVM.Supported by @astarzkevm @AstarNetwork”. Followed by 1 of our mutuals.
-New lending protocol on Bitlayer called @TrustIn_Finance has been added to @DefiLlama. Twitter bio states “Bitcoin security-equivalent Layer 2 based on BitVM, Permissionless lending protocol for #BitLayerLabs”. Not followed by any of our mutuals but has $3.36M TVL.
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
-No security alerts today.
Important News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-Very solid ETF Inflow numbers this week, h/t @HODL15Capital:
-Fantom to undergo a name change + ticker change, h/t @markjeffrey:
-(Related) bull case on the above, h/t @defi_naly:
-Interesting exchange between @VitalikButerin and @cobie:
-zkSync and LayerZero currently dominating airdrop discussions, h/t @BlurCrypto:
-Increasing chatter about AI, with next NVIDIA earnings report coming up next week:
-Latest inflation numbers + long-form breakdown and analysis (click second tweet to read in full) from @truflation:
-Silver now over $30 and at 11 year high’s, h/t @SpecialSitsNews:
-Interesting graph of China vs India demographics, h/t @MichaelAArouet:
-Big week coming up on the regulatory front, h/t @RyanSAdams:
-Additional news items c/o @0xSalazar:
-New episode of @0xSteadyLads podcast featuring guest Darryl Wang:
-New @Dynamo_Patrick interview with Berachain founder @SmokeyTheBera:
-Daily breakdown of all things airdrop-related from @KryptoCove:
-New weekly roll-up from @BanklessHQ going over several dozen of the top stories in crypto:
-Parting crypto-adjacent wisdom from @TheRealEstateG6:
Conclusion
Have a great Saturday friends and don’t forget to touch some grass this weekend!
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.