Happy Saturday good frogs! Let’s get after it!
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: $2357.50
Oil (WTI): $77.72
US 10Y Treasury: 4.467%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
One of the greatest strengths of @vertex_protocol is its underlying liquidity architecture or ‘Synchronous Orderbook Technology’ called ‘Edge’ - @EdgeLayer.
Edge essentially provides for the seamless cross-chain utilization of liquidity…
This provides an enormous strategic advantage for multiple reasons:
A) it allows Vertex to easily bootstrap liquidity for new chains, and…
B) it simultaneously allows Vertex to be chain-agnostic, and not beholden to the success of any one specific L1 or L2…
Check out the thread below from the @EdgeLayer account breaking down all sorts of interesting stats testifying to the above! And remember Vertex is our Official Sponsor so make sure to follow them on Twitter as well!
Biggest TVL Movers + Else
Chains are mostly green today. Biggest gainers on the weekly among chains with at least $10M TVL are Linea, zkLink Nova, and Canto.
Protocols are very green as well. Biggest gainers on the weekly among protocols with at least $10M TVL are multichain options protocol Deri, multichain Payments protocol Streamflow, multichain liquid-restaking protocol Mitosis, multichain yield protocol Toros, and multichain options protocol Lyra.
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):
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 @ozprotocol. Twitter bio states “The Universal Data Protocol. Unlocking access to specialized data for AI model training, cybersecurity, health research, and beyond.” Followed by 3 of our mutuals. h/t @AresLabs_xyz:
-Something new called @RaylsLabs. Twitter bio states “Rayls is the only blockchain ecosystem that #UniFi’s the privacy & compliance of #TradFi with the endless possibilities of #DeFi / Backed by @hiFramework”. Followed by 4 of our mutuals. h/t @AresLabs_xyz:
-New project called @symbioticfi. Twitter bio states “Permissionless restaking”. Followed by 17 of our mutuals. h/t @AresLabs_xyz:
-New liquid-staking protocol on Viction chain called @deFusionxyz has been added to @DefiLlama. Twitter bio states “an Infra-liquidity staking platform, designed exclusively for users on @BuildOnViction seeking a secure and smooth staking experience.” Not followed by any of our mutuals but has $1.16M TVL.
-New BSquared liquid-staking protocol called @UniRouterBTC has been added to @DefiLlama. Twitter bio states “Empower #Bitcoin with Next-gen Liquid Staking #Bitcoin & #EVM Bridge”. Followed by 2 of our mutuals.
-Previously-mentioned Mode yield protocol @splice_fi has been added to @DefiLlama. Twitter bio states “Splice Finance - Fixed APR or Boosted Points; you choose Live on the super chain, first stop @ModeNetwork”. Followed by 12 of our mutuals.
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)
-Animal spirits muted despite major regulatory shift this past week, h/t @ByzGeneral:
-PEPE, ETHFI, and ENS leading the pack on ETH Beta, h/t @defi_octopus:
-FTX estate apparently out of locked $SOL, h/t @joemccann:
-NVIDIA up more than Bitcoin over last ten years, h/t @LynAldenContact:
-Phantom currently at #55 in Apple app store and the top-ranking crypto app, h/t @Dogetoshi:
-Interesting stats from @punk9277 re: COW and RLB:
-Interesting presentation of DefiLlama data from @marcov_91, showing top 5 chains by project funding rounds currently are Ethereum, Solana, Bitcoin, Optimism, and Polygon:
-Latest real time inflation data from @truflation:
-Interesting info on Kraken exchange listing roadmap, h/t @martypartymusic:
-zkSync airdrop alfa from @73lV_:
-Interesting narrative/ticker thoughts from @DeFiMinty:
-New episode of @thebellcurvepod featuring @pythianism, @im_manderson, and @MikeIppolito_ discussing the ETH ETF’s and other top stories:
-New episode of @0xSteadyLads featuring interview with Bryan Pellegrino from LayerZero:
-New @BanklessHQ interview with @Matt_Hougan from Bitwise regarding the ETH ETF’s:
-New episode of @theempirepod featuring @JasonYanowitz and @qthomp discussing the ETH ETF’s and overall crypto landscape:
-Parting wisdom from @pancakesbrah:
Conclusion
Have a great Saturday friends and make sure to touch some grass this weekend!
And please RT/subscribe/etc if you found this valuable!
-
-
***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.