Happy Monday friends! Another big week ahead of us let’s go!!!
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: $2365.90
Oil (WTI): $78.01
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 QT’d 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 mixed today. Top 30 chains up at least 50% on the monthly include Mode (#14), Linea (#15), zkLink Nova (#22), and TON (#25).
Protocols are mostly green today. Protocols with at least $20M TVL up at least 100% on the weekly include multichain liquid-restaking protocol Mitosis, multichain options protocol Deri, uncategorized Fantom/Optimism protocol Beethoven X, and multichain basis trading protocol BounceBit Premium.
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 Token-Holders’ Revenue (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!)
-New project called @dropdotmoney. Twitter bio states “Breathing new life into the Interchain via liquid staking. Built as an Integrated Application on @Neutron_org.” Followed by 11 of our mutuals. h/t @AresLabs_xyz:
-New project called @yoyo_app_. Twitter bio states “Be rewarded for supporting creators early. @yoyo -app on @farcaster_xyz. For early access: follow @yoyo_app_ + please make sure we can DM you.” Followed by 3 of our mutuals. h/t @AresLabs_xyz and @cminxi:
-Something new called @predicto_hq. Twitter bio states “Next generation prediction market, landing at OOOOO!” Followed by 3 of our mutuals. h/t @AresLabs_xyz:
-New project called @ethly_fi. Twitter bio states “Increasing the underlying yields of your #LST and #LRT assets by up to 11x. Coming soon.” Followed by 7 of our mutuals. h/t @AresLabs_xyz:
-Something new called @ZKVProtocol. Twitter bio states “Official X account for #zkVerify - The most efficient modular layer optimized to verify ZK proofs. Developed by @HorizenLabs”. Followed by 5 of our mutuals. h/t @AresLabs_xyz:
-Something new called @TAOevm. Twitter bio states “The Bittensor TAO Layer 2 Solution for Enhanced Blockchain Efficiency.” Followed by 3 of our mutuals. h/t @AresLabs_xyz:
Security Alerts
-No security alerts today.
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (all types, $1M+ TVL) and @stable_fish - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Important News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-Eventful 24 hours in the crypto space, h/t @Darrenlautf:
-Macro schedule for the week ahead, h/t @KobeissiLetter:
-ETH L2’s hit all-time high in TVL, h/t @sassal0x:
-$PEPE hits $7B market cap, h/t @DegenerateNews:
-Cycle thoughts from @HighCoinviction:
-More on-chain alfa c/o @DeFiMinty:
-Potential airdrop opportunities c/o @73lV_:
-The @DefiLlama team releases another gigabrained tool:
-Investing wisdom from @BowTiedNightOwl:
-Interesting stats on weekly commits by Blockchain, with ETH Mainnet, Polygon, and BSC leading, h/t @coin98analytics:
-Bullish thoughts from @noahseidman on the burgeoning paradigm shift to crypto that the general public is not yet comprehending:
-New @coinbureau video going over all sorts of stories/topics within the crypto space:
-More airdrop alfa from @KryptoCove:
-New gem-hunting video from @drakeondigital:
-Parting wisdom c/o @Dynamo_Patrick:
Conclusion
Happy Monday friends! 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.