Happy Wednesday good degens! Quite the eventful week so far!
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: $2420.70
Oil (WTI): $77.58
US 10Y Treasury: 4.437%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
We’ve been assisting @MetisL2 in raising awareness about everything going on in their ecosystem, and as a result we are helping highlight @Artemisfinance and their decentralized sequencer network!
As their Twitter bio states:
“Unleash the potential of decentralized sequencing. LST for the first decentralized sequencer network built by @MetisL2!”
Artemis has already achieved tremendous success re: the above, with their TVL now over $13M - the second highest TVL of any protocol on Metis!
Check out the tutorial video linked in the tweet below, and visit the Artemis site now to learn more! And of course make sure to follow Metis at @MetisL2 as well!
Biggest TVL Movers + Else
Chains are mixed today. Only top 30 chains red on the weekly are BSC (#3), and Hyperliquid (#16).
Protocols are mostly green today. Only top 60 protocols red on the weekly are PancakeSwap (#20), JustStables (#28), SUN (#47), and Bouncebit-pre-launch-farm (#56).
Here’s The Top 12 Fastest-Growing Chains By Weekly TVL Growth With At Least $20M TVL (from @DefiLlama):
Here’s The Top 12 Fastest-Growing Protocols By Weekly TVL Growth With At Least $20M TVL (from @DefiLlama):
Here’s The Top 12 Entities By 24 Hour Revenue Generation (from @DefiLlama):
Here’s The Top 12 Dex’s By 7 Day Volume (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 @CreatorBid. Twitter bio states “AI Agents — Create. Market. Own.” Followed by 45 of our mutuals.
-Something new called @monolythai. Twitter bio states “Build AI model-agnostic apps with Monolyth...” Followed by 2 of our mutuals. h/t @AresLabs_xyz:
-Previously-mentioned new Metis derivatives protocol @ZenoExchange has been added to @DefiLlama. Twitter bio states “Premier Decentralized Perpetual Exchange With Cross-Margin, Multi-Asset Collateral, and Gasless Trading on @MetisL2 👀” Followed by 20 of our mutuals.
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (all types, $10M+ TVL) and @stable_fish - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Security Alerts
-The funds from the @GoGalaGames exploit have apparently been returned, h/t @PeckShieldAlert:
Important News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-Today is ‘Bitcoin Pizza Day’, interesting historic price stats from @coingecko below:
-Bitcoin ETF flows have been net positive seven days in a row, h/t @WuBlockchain:
-Much excitement re: presumed ETH ETF approvals this week, h/t @LDNCryptoClub and @JSeyff:
-Additional info re: ETH ETF timelines from @JSeyff:
-$PEPE has been dominating the memecoin landscape the last few days, h/t @DegenerateNews:
-It appears zkSync’s airdrop will take place June 13th, according to an article published by @TheBlock__ that generated much attention, h/t @CryptoSnooper_:
-Macro story re: Biden administration releasing oil reserves catalyzed large amounts of discussion today, h/t @KobeissiLetter:
-Very interesting development re: Coinbase launching gold and oil futures trading, h/t @martypartymusic:
-Additional headlines c/o @BSCNews:
-@deBridgeFinance has announced its upcoming airdrop:
-Additional airdrop info from @0xWelfare:
-Interesting thread on the topic of on-chain AI agents from @Bitcoin_Sage:
-Important sentiments from @0x_Leo_:
-New roundtable discussion hosted by @Unchained_pod on the ETH ETF + US crypto/politics situation:
-New @BanklessHQ video on the same topic:
-New video from @Dynamo_Patrick on increasingly-popular Solana protocol @MeteoraAG:
-New TA video from Benjamin Cowen @intocryptoverse:
-Important parting wisdom, h/t @zerototom:
Conclusion
Happy Wednesday friends! Keep your head on a swivel out there and enjoy the excitement! :)
And please RT/subscribe/etc if you found this valuable!
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Note
Attention yield enjoyoors! @vertex_protocol just made their most recent rewards distribution of $USDC to $VRTX-stakers!
Here are all the stats!
Staking Rewards Calculation (Prev. 7 Days) 🧮
Total Fees: 208,446 USDC
Maker Rebates: 56,149 USDC
Gas Cost: 3,939 USDC
Edge Credit: 74,030 USDC
Edge Debit: 21,664 USDC
Net Revenue: 200,723 USDC
Staking Distribution: 100,361 USDC
Once again, Vertex is our Official Sponsor, so make sure to follow them on Twitter for more updates and visit their site now to get started trading and/or earning stellar yields like those detailed above! :)
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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.