Happy Thursday friends! Big day ahead of us!
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: $2392.40
Oil (WTI): $78.16
US 10Y Treasury: 4.414%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
New announcement from our friends at @zkxprotocol…
The ZKX Onchain Summer Campaign is now live!
As previously-detailed, ZKX is a perps dex on Starknet we’ve been helping raise awareness about with a very cool + unique setup… 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...
The below thread from them outlines everything you need to know about the new Summer Campaign, so if you are an airdrop-maximalist or perps enthusiast then make sure to check it out :) And make sure to follow ZKX on Twitter for more updates as well!
Biggest TVL Movers + Else
Chains are mixed today. Fastest-growing chains by weekly TVL growth with at least $10M TVL include Merlin, Neutron, and Bitlayer.
Protocols are quite green today. Fastest-growing protocols by weekly TVL growth with at least $10M TVL include Streamflow, Ionic Protocol, Toros, dHedge, and UwU Lend.
Here’s The Top 12 Chains By TVL (from @DefiLlama):
Here’s The Top 12 Protocols By TVL (from @DefiLlama):
Here’s The Top 12 Entities By 24 Hour Fee Generation (from @DefiLlama):
Bitcoin Fear/Greed Index:
(from @BitcoinFear)
Ethereum Fear And Greed Index
(from @EthereumFear):
Chart Of The Day
(Courtesy of our Official Sponsor @vertex_protocol)
-$ETH has bounced hard since the ETF shift caught everyone’s attention, and is now up over 30% from its lows earlier this week and nearing the $4000 level as we await the official ETF announcement! If you want to try to take advantage of the volatility with some high-leverage perps trading (or buy some long-term bags via spot!) then do so now 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 @IBXtrade. Twitter bio states “Perpetual DEX 📈 designed for Advanced Trading, featuring Deep Liquidity and the Lowest Fees. Powered by @OrderlyNetwork Elevate your trading game 🚀” Followed by 7 of our mutuals. h/t @brave_raf:
-Something new called @degendotfund. Twitter bio states “A new way of fair launch that's ready for trading right away, no need to seed liquidity. With just a click, deploy your coin for free.” Followed by 31 of our mutuals. h/t @brave_raf:
-Something new called @Paratonorg. Twitter bio states “Parallel EVM and Low Latency building on Ton.” Followed by 3 of our mutuals. h/t @brave_raf:
-New project called @SundialMirage. Twitter bio states “We create mixed emotions onchain.” Followed by 4 of our mutuals. h/t @DeFiMinty:
-Something new called @AlohaProtocol. Twitter bio states “Consensus Protocol for AI”. Followed by 4 of our mutuals. h/t @DeFiMinty:
Security Alerts
-No security alerts today.
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama ($10M+ TVL, single-exposure, no-IL only) and @stable_fish - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Important News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-News about ETH ETF approvals expected by 4 pm EST today:
-Big crypto bill passed in the house yesterday:
-Contrasting takes on the above from @lex_node and @aeyakovenko:
-Already talk on CNBC about Solana as the next potential crypto ETF, h/t @farokh:
-MetaMask apparently integrating Bitcoin support:
-Notes on recent outperformers c/o @DeFiMinty:
-Chatter about Bybit solvency the last few days, important reminder from @0xngmi that DefiLlama has a relevant tracking feature:
-Bittensor/$TAO popping up a lot on the timeline again the last couple days, h/t @markjeffrey, @zhusu, and @FarmerBrownDeFi:
-@thedefivillain released a great retrospective thread on the bullish insanity of last cycle, very worth reading and example from it below:
-Recent news and ticker headlines c/o @0xSalazar:
-Interesting note on US real estate from @TheRealEstateG6:
-Good new roundtable from @0xResearch featuring a variety of CT favorites discussing NFT’s, memecoins, SocialFi, and more:
-Latest update on all things airdrop-related from @KryptoCove:
-Parting wisdom from @zerototom:
Conclusion
Happy Thursday good degens! Stay alert 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.