Happy Tuesday friends! Quite a day its been!
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: $2421.50
Oil (WTI): $79.11
US 10Y Treasury: 4.426%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Attention good degens… TVL on @vertex_protocol just crested the $100M mark!
As seen in the @DefiLlama screenshot below, Vertex TVL is green on all three timelines (daily, weekly, monthly) and they are now the 9th highest protocol by TVL on Arbitrum!
Vertex is the Official Sponsor of The Daily Degen, so make sure to check out their site at http://app.vertexprotocol.com for access to 30+ perps and spot markets as well as stellar yield opportunities!
They also just announced their new Buyback & Burn Program, their new fiat on/off ramping integration with @transak, and an upcoming deployment to new Bitcoin L2 @BotanixLabs… so make sure to follow them on Twitter for more updates as well!
Biggest TVL Movers + Else
Chains are extremely green today. Biggest gainers on the weekly among chains with at least $5M TVl are Merlin, Bitlayer, and Neutron.
Protocols are extremely green today as well. Biggest gainers on the weekly among protocols with at least $5M TVL are multichain payments protocol Streamflow, uncategorized Merlin protocol Bitgenie, and multichain lending protocol LayerBank.
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 Fee Generation (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!)
-Something new called @birdbyteio. Twitter bio states “Imagine a world where unused computational power becomes a valuable asset. Presale live...” Followed by 5 of our mutuals.
-Something new called @elysian_labs. Twitter bio states “Making Anime Real”. Followed by 6 of our mutuals. h/t @AresLabs_xyz:
-Something new called @EaveAI. Twitter bio states “Alpha from every X Space, leveraged by the power of AI. Straight into your pocket.” Followed by 5 of our mutuals. h/t @AresLabs_xyz:
-New dex on Klaytn called @KaiaSwap has been added to @DefiLlama. Twitter bio states “The Transparency, Security & Most Effcient Dex on the Sustainable & Verifiable Kaia Chain! @klaytn_official and @finschia”. Not followed by any of our mutuals but has $122k in TVL.
-New protocol listed as ‘Farm’ on ETH Mainnet and Base called @minerercx has been added to @DefiLlama. Twitter bio states “The first Hybrid Token Volatility Farming Protocol, powered by ERC-X, an experimental token standard.” Followed by 17 of our mutuals.
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
-@GoGalaGames was apparently exploited, h/t @lookonchain:
Important News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-Speculation has erupted over the increased possibility of an ETH ETF approval this week:
-ETH had a record-breaking surge in price as a result, h/t @HsakaTrades and @0xfoobar:
-Thoughts on the above from @0xjaypeg:
-More important analysis from @qthomp:
-Much chatter about possibility of ETH ETF swing potentially being part of a broader pivot on crypto among Democrats:
-Bond market currently pricing in 1-2 rate cuts this year, h/t @charliebilello:
-LayerZero and zkSync airdrops apparently launching soon, h/t @BlurCrypto:
-Newest macro newsletter/article from @LynAldenContact:
-Additional news items c/o @Cprinze_:
-Massive list of potential airdrops from @heycape_:
-Latest update on everything airdrop-related from @KryptoCove:
-Good new crypto-adjacent video from a16z:
-New @JesseEckel video on potential top signals to look out for:
-Parting wisdom from @Awawat_Trades:
Conclusion
Happy Tuesday friends! Enjoy the positive price action 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.