Happy Monday friends! Start of another big week!
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: $2445.20
Oil (WTI): $80.22
US 10Y Treasury: 4.42%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
New announcement from our friends at @zkxprotocol, who just released their new referral program!
Once again, ZKX is an extremely cool perps dex on Starknet we’ve been helping raise awareness about, featuring two exchanges tailored for different types of traders... a) OG Trade, which is perfect for short-term traders and scalpers who enjoy an element of gamification, and b) Pro Trade, which caters to more seasoned advanced traders...
Overall their goal has been to ‘Make Perps Social’ and provide a fun and unique way to trade derivatives on-chain!
The in-depth thread from them below outlines everything you need to know about the new referral program, so make sure to check it out, and follow ZKX on Twitter for more updates!
Biggest TVL Movers + Else
Chains are mixed today. Top 50 chains up at least 20% on the weekly include zkLink Nova (#21), Linea (#23), Celo (#32), and Fantom (#35).
Protocols are mixed today as well. Top 100 protocols up at least 20% on the weekly include Jito (#21), Marinade (#23), Raydium (#33), Sanctum (#36), BlazeStake (#53), Solend (#71), Burrow (#76), Avalon Finance (#77), Meteora (#83), and Trader Joe (#89).
Here’s The Top 12 Chains By TVL (from @DefiLlama):
Here’s The Top 12 Protocols By TVL (from @DefiLlama):
Here’s The Top 12 Entities By 24 Hour Revenue Generation (from @DefiLlama):
Top Trending Tokens:
(from @dexscreener - 24 hour timeframe)
Bitcoin Fear/Greed Index:
(from @BitcoinFear)
Ethereum Fear And Greed Index
(from @EthereumFear):
Chart Of The Day
(Courtesy of our Official Sponsor @vertex_protocol)
-$LINK has jumped from $13 to $17 over the last few days (see below) and its price action is generating much discussion! If you want to bet on its next move then do so via spot or leverage and get access to 30+ other perps and spot markets at app.vertexprotocol.com!
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 @EtchedNetwork. Twitter bio states “Based Bitcoin EVM L2, Built by Etchays adlay”. Followed by 2 of our mutuals. h/t @AresLabs_xyz:
-Something new called @roam_xyz. Twitter bio states “The social onchain browser... Join the Roam channel on Farcaster for updates...” Followed by 2 of our mutuals. h/t @AresLabs_xyz:
-Something new called @createlayer. Twitter bio states “Based.” Followed by 4 of our mutuals. h/t @AresLabs_xyz:
-New Core AMM called @ViridianDex has been added to @DefiLlama. Twitter bio states “Core's chain native AMM & Liquidity Marketplace. #Coretoshis #CORE #DeFi #BTC #CoreIgnition”. Not followed by any of our mutuals but has some 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)
-Macro schedule for the week ahead, h/t @KobeissiLetter:
-Ticker watchlist for the week ahead, h/t @TheDeFinvestor:
-Additional news/etc items from @Tyler_Did_It:
-Interesting data point from @dunleavy89:
-Lots of ongoing discussion on topic of ETH Foundation members working as advisors for EigenLayer, h/t @WuBlockchain:
-Gold hits record high:
-Much debate on topic of memecoins, thoughts from @BowTiedNightOwl below:
-Additional thoughts c/o @MustStopMurad:
-New article from @cobie also generating much discussion:
-Short summary of above Cobie article from @TyrogueD:
-Good thread of cycle thoughts + reasons to be bullish, h/t @cryptoklotz:
-New video on TON defi from @Dynamo_Patrick:
-Deep dive on @friendtech from @0xMughal:
-New macro video from ‘Dollar Milkshake’ originator Brent Johnson @SantiagoAuFund and co:
-Parting reminder that all (nominal) prices are ultimately going higher, from @donnelly_brent:
Conclusion
Happy Monday friends! Let’s get after it this week!
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.