Happy Wednesday friends! Prices down but let’s get after it! Tons of stuff going on!
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: $2301.80
Oil (WTI): $80.77
US 10Y Treasury: 4.69%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Big announcement from our Official Sponsor @vertex_protocol - who are going to be introducing a new ‘Buyback & Stake’ program!
Protocol revenue (from trading fees, etc) will be deployed via the protocol treasury to buy and stake VRTX!
This is the latest big announcement from the Vertex crew, on top of 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 - and follow them on Twitter for continued updates!
Biggest TVL Movers + Else
Chains are extremely red today. Only top 50 chains green on the weekly are Mode (#17), Kava (#25), TON (#31), Scroll (#47), and Karak Network (#48).
Protocols are also very red today. Protocols with at least $100M TVL up at least 20% on the weekly include UwU Lend, iZUMI Finance, Zircuit Staking, and Fluid.
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 Revenue 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 @nesaorg. Twitter bio states “The Layer-1 blockchain for AI. Broadcast trustworthy proofs on the number one network for critical inference on-chain.” Followed by 38 of our mutuals.
-Something new called @AOVM_Chain. Twitter bio states “The First EVM-compatible decentralized compute blockchain built on @aoTheComputer.” Followed by 4 of our mutuals.
-New project called @w3rkxyz. Twitter bio states “empowering decentralized freelancing within the socialfi ecosystem, powered by @lensprotocol”. Followed by 4 of our mutuals. h/t @AresLabs_xyz:
-New protocol on Scroll listed under ‘Farm’ category called @pen_pad has been added to @DefiLlama. Twitter bio states “An all-inclusive auction platform and yield aggregator to deliver the next generation experience, powered by @Scroll_ZKP”. Followed by 7 of our mutuals.
-New project called @XRGB404 has been added to @DefiLlama. Chain is Bitcoin and category is Bridge. Twitter bio states “XRGB404: Bridge BRC20 & RGB20 to ERC404 on EVM chains, boosting Bitcoin asset liquidity. Bridge your BRC20 for NFT surprises!” Followed by 15 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 (and 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!
-Our friends at @PikeFinance have apparently suffered an additional exploit as part of the remediation of the initial vulnerability from April 26th. We will continue providing any/all updates as things progress:
Important News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-Price action extremely red this morning, h/t @CryptoHayes:
-Chart + reassurance from resident permabull @RaoulGMI:
-Latest FOMC Meeting (Fed interest rate decision) is today at 230 PM EST, as macro takes center stage due to issues with Japanese Yen:
-Treasury Secretary Janet Yellen made some interesting comments yesterday:
-Related observation from macro gigabrain @WarrenPies:
-Kamino and Renzo airdrops yesterday proved underwhelming as many felt they were derailed by the brutal overall market price action:
-@cz_binance was sentenced to four months in prison, h/t @Tyler_Did_It:
-Statement from CZ was greeted with immense amount of support/sympathy/encouragement:
-Bearish speculation re: QRA announcement that will take place today, h/t @tedtalksmacro and @fejau_inc:
-New project @hero_glyphs from defi legend @0xMaki is generating a lot of buzz, sample from excellent thread by @0x_Beans below:
-@pumpdotfun also generating buzz, h/t @sandraaleow:
-Interesting new feature from @etherscan, h/t @tomwanhh:
-Latest update on all things airdrop-related from @KryptoCove:
-Parting wisdom c/o @Louround_:
Conclusion
Hang in there friends! And stay hypervigilant!
And as always 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.