Happy Friday good frogs! Lots of stuff going on!
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: $2306.40
Oil (WTI): $79.25
US 10Y Treasury: 4.559%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
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, 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!
Biggest TVL Movers + Else
Chains are mixed today. Fastest-growing chains on the weekly with at least $5M TVL are CORE, X Layer, and and TON.
Protocols are mostly green today. Fastest-growing protocols on the weekly with at least $5M TVL are Injective lending protocol Neptune Finance, Merlin/Base derivatives protocol Surf Protocol, and multichain ‘Services’ protocol Aera.
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 called @Adapter_fi. Twitter bio states “Automated Strategies for Blue Chip DeFi Products”. Followed by 12 of our mutuals. h/t @Areslabs_xyz:
-New project called @bamkfi. Twitter bio states “Memeing $NUSD into existence - the first synthetic dollar on Bitcoin”. Followed by 6 of our mutuals. h/t @AresLabs_xyz:
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)
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!
-Dutch police make arrest in Zkasino case, with person arrested widely believed to be CT personality @Derivatives_Ape:
Important News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-@friendtech V2 and airdrop released:
-Takes on the above thus far, h/t @CryptoStreamHub and @0xjaypeg:
-Coinbase Q1 earnings report came in extremely strong, far surpassing tradfi estimates:
-@QwQiao on the above:
-EigenLayer announced updated airdrop logistics suggesting each recipient should get a larger minimum allocation, h/t @TrustlessState:
-Mode airdrop coming May 5th - 7th apparently, h/t @PhtevenStrong:
-M2 money supply seeing growth after 18 months of contraction, h/t @LastBearStanding:
-Launch of @fantasy_top_ generating lots of attention/excitement, h/t @parsec_finance:
-Airdrop/exploration alfa c/o @ayyyeandy:
-More news items c/o @Cprinze_:
-Important macro tweet from @TheRealEstateG6 on threats facing 9-5 office jobs in US/etc:
-Narrative thoughts from @QwQiao:
-Coinbase-focused interview with @JessePollak from @BanklessHQ:
-Interesting new crypto-adjacent video from a16z:
-Daily airdrop news/alfa from @KryptoCove:
-New episode of The Chopping Block discussing a variety of top crypto stories, from @Unchained_pod:
-Parting wisdom c/o @BowTiedNightOwl:
Conclusion
Happy Friday degens let’s get after it!
And as always 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.