Happy Sunday good frogs! Quiet day but lots of reasons to be bullish :)
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: $2357.50
Oil (WTI): $77.72
US 10Y Treasury: 4.467%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Important update from our Official Sponsor @vertex_protocol - who just added six new perps listings!
Active traders can now long or short TON, MNT, WIF, ONDO, FTM, and ENA with leverage!
This is the latest big announcement from the Vertex crew, on top of their revolutionary new cross-chain liquidity system @EdgeLayer, their fiat on/off ramping integration with @transak, and a new upgraded referral system that is geared up for release soon!
If you are an active trader then make sure to get started with Vertex now, and get access to 40+ perps & spot markets + exquisite yield opportunities on their site at http://app.vertexprotocol.com - and follow them on Twitter for continued updates!
Biggest TVL Movers + Else
Chains are flat to red today. Top 50 chains up at least 20% on the weekly include Blast (#6), Linea (#15), zkLink Nova (#22), Scroll (#40), and Bitlayer (#44).
Protocols are mostly green. Protocols with at least $100M TVL up at least 50% on the weekly include multichain basis trading protocol BounceBit Premium, Ton dex STON(dot)Fi, uncategorized Blast protocol Particle, and ETH Mainnet services protocol MorpheusAI.
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):
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 @alloc8_xyz. Twitter bio states “HyperFarm OS: Maximise points & yield. Powered by Safe.” Followed by 2 of our mutuals.
-Something new called @Stripchain. Twitter bio states “Interoperability through chain abstraction”. Followed by 20 of our mutuals. h/t @brave_raf:
-A new lending protocol on Fraxtal called @GlyphFinance has been added to @DefiLlama. Twitter bio states “Fraxtal's Native Credit Layer...” Followed by 7 of our mutuals.
Security Alerts
-Memecoin $NORMIE has been exploited (tweet one) with an interesting attached message from the exploiter (tweet two) and appears to be an ongoing situation (tweet three):
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)
Important News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-Dominant story of the day are some extremely pro-crypto comments Donald Trump just made, h/t @AutismCapital:
-Trump comments on Ross Ulbricht also generated massive attention:
-Lot of resulting attention on political memecoins, h/t @esatoshiclub and @Crypto_tIdr:
-Things very quiet and gas extremely cheap despite flurry of bullish news this past week + ETH ETF approvals, h/t @moduL4RE:
-Brief watchlist for the week ahead c/o @TheDeFinvestor:
-Arbitrum governance proposal generating attention, h/t @WuBlockchain:
-Good visual of BTC ETF inflows since inception, h/t @CarpeNoctom:
-Entire German stock market now worth less than NVIDIA, h/t @Schuldenseuhner:
-Investing wisdom c/o @cryptoaioli:
-Interesting macro chart from @LynAldenContact:
-Fatalistic bullishness h/t @muzzyvermillion:
-Weekly macro update from Joseph Wang @FedGuy12:
-New interview from @Lightspeedpodhq with @BChillman and @donnie all about Phantom wallet and its success:
-New episode of @TheBlockRunner discussing DMT + etc:
-Parting wisdom c/o @BowTiedGemstone:
Conclusion
Happy Sunday friends! Stay alert out there!
And please RT/subscribe/etc if you found this valuable!
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Note
Our friends at @silentdao_ keep working diligently behind the scenes to develop a truly revolutionary solution to the issue of on-chain privacy…
In this regard, Silent is essentially meant to be a middleware privacy/encryption project designed to facilitate composable privacy solutions within the EVM itself...
Our editor @rektdiomedes has been helping bang the drum about what the @silentdao_ team have been building, so make sure to follow them on Twitter for more updates.
They also just published a very important article, so make sure to check it out here or via the link in the tweet below!
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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.