Happy Thursday good degens 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 @CryptoBubbles24):
Gold: $2364.70
Oil (WTI): $78.87
US 10Y Treasury: 4.572%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
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!
Biggest TVL Movers + Else
Chains are quite red today. Only top 50 chains green on all three timelines (daily, weekly, monthly) are Hyperliquid (#17), TON (#23), and Scroll (#37).
Protocols are quite red today as well. Top 50 protocols green on all three timelines (daily, weekly, monthly) include Ethena (#14), Sanctum (#37), Thruster (#50), stUSDT (#52), dYdX (#56), Hyperliquid (#57), Hyperlock Finance (#62), Flexa (#83), Tonstakers (#93), and STON(dot)fi (#94).
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)
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 protocol called @defidotmoney. Twitter bio states “A new era of $MONEY | Coming soon…” Followed by 26 of our mutuals. h/t @dcfgod:
-New/newish project called @0G_labs. Twitter bio states “First Modular AI chain: Starting with the fastest programmable DA layer for AI dapps”. Followed by 80 of our mutuals. h/t @markjeffrey:
Security Alerts
-No security alerts today.
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (all types, $10M+ TVL 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)
-ETH ETF coming in around one month, h/t @0xjaypeg and @EricBalchunas:
-Macro thoughts from @qthomp:
-Excellent analysis of impending Gemini Earn distribution from @kwaker_oats (click to read rest of long-form tweet):
-Good list of ‘dream airdrops’ (some of which are actually quite likely we’d suggest) from @DefiIgnas:
-New Vitalik article titled “Layer 2s as cultural extensions of Ethereum”:
-PayPal has launched its stablecoin $PYUSD on Solana, good breakdown from @tomwanhh below:
-Lot of focus on TD Bank in the geekier macro circles we frequent, which appears to be facing some kind of regulatory scandal and having a variety of other problems:
-@cobie shared some thoughts on the topic of ‘celebrities in crypto’, samples below:
-Potential short to medium term bear case, h/t @fejau_inc:
-The long-term (fatalistic) bull case, h/t @goodalexander:
-Sentiments c/o @CryptoKaduna:
-Interesting macro interview from @JackFarley96 with Jack Ryan re: US real estate brokers and a variety of connected issues:
-New macro/crypto livestream from @noahseidman:
-Latest daily airdrop alfa from @KryptoCove:
-Parting wisdom c/o @ayyyeandy:
Conclusion
Have a great Thursday and stay hypervigilant out there friends!
And please RT/subscribe/etc if you found this valuable!
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Note
Important update from our Official Sponsor @vertex_protocol!
Vertex’s STIP-Bridge proposal has been approved by the @arbitrum DAO… meaning they will now have 1.5M $ARB to be distributed as ecosystem incentives!
Learn more by reading their proposal here and stay tuned for additional updates!
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!
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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.