Happy Thursday friends! The excitement continues!
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 @CryptoBubbles):
Gold: $2310.90
Oil (WTI): $79.31
US 10Y Treasury: 4.633%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Huge announcement from our friends at @zkxprotocol! Their $ZKX token will be going live on June 6th!
As a brief recap, ZKX is an extremely cool perps dex on Starknet we’ve been helping raise awareness about, 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.
Overall their goal has been to ‘Make Perps Social’ and provide a fun and unique way to trade derivatives on-chain, and they have had tremendous success thus far, generating over $850M in volume!
The in-depth thread from them below outlines everything you need to know about the $ZKX token, their airdrop details, tokenomics, schedule, and more!
Make sure to check it out to learn more and follow ZKX on Twitter for more updates!
Biggest TVL Movers + Else
Chains are mostly green on the daily. Chains with at least $20M TVL up at least 5% on the daily include Injective, Fantom, and Telos.
Protocols are quite green today as well. Protocols with at least $20M TVL up at least 20% on the daily include Marinade, Particle, and Turbos.
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):
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!)
-Something new called @TaoBlackPhone. Twitter bio states “Tao Black is the world's first Bittensor mobile phone. Join us!” Followed by 4 of our mutuals.
-New project called @Momentum_v1. Twitter bio states “Launch and trade memecoins with your own house rules. Ban ruggers and weak hands. A pre-liquidity memecoin trading platform. Left curve it.” Followed by 5 of our mutuals.
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama ($1M+ TVL, single-exposure, no-IL only) - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Security Alerts
-Daily Reminder: Twitter (and other social media) is being absolutely inundated with scams and links to fake versions of popular defi protocols - please make sure to be EXTREMELY hyper-vigilant and triple-check before interacting with anything!
-No security alerts today.
Important News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-Powell and co leave rates unchanged again:
-Federal Reserve also announced tapering of their QT (quantitative tightening) program, h/t @zerohedge:
-Joseph Wang @FedGuy12 and @LDNCryptoClub on the above:
-@DriftFDN has released the eligibility checker for their much-anticipated $DRIFT airdrop:
-Over 60% of the $KMNO airdrop from earlier this week has been staked rather than sold (perhaps one silver lining to the poor price action in the market), h/t @alpha_pls:
-Tether reported record earnings for Q1, surpassing even Goldman Sachs, h/t @Cryptoyieldinfo:
-More headlines c/o @0xSalazar:
-New SocialFi protocol @fantasy_top_ getting lots of attention, h/t @blknoiz06:
-LayerZero airdrop snapshot #1 has been completed, h/t @MingoAirdrop:
-@MagicEden continues to beef up its Bitcoin NFT trading functionalities:
-Macro thoughts from resident permabull @RaoulGMI:
-New crypto + macro livestream from @noahseidman:
-Post-FOMC debrief from Joseph Wang @FedGuy12:
-Newest video on everything airdrop-related h/t @KryptoCove:
-New video on airdrop farming c/o @Dynamo_Patrick:
-New interview with macro gigabrain @WarrenPies:
-Parting wisdom c/o @samoa_joes:
Conclusion
Have a great Thursday friends and stay alert out there!
And as always please RT/subscribe/etc if you found this valuable!
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Note
Big announcement from our Official Sponsor @vertex_protocol - who are going to be introducing a new ‘Buyback & Stake’ program!
Protocol revenue (from trading fees, etc) will be deployed via the protocol treasury to buy and stake VRTX!
This is the latest big announcement from the Vertex crew (see tweet from co-founder @DariusTabai below!), 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!
If you are an active trader then make sure to get started with Vertex now, and get access to 30+ perp & spot markets on their site at http://app.vertexprotocol.com - and follow them on Twitter for continued updates!
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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.