Happy Tuesday friends! 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 @CryptoBubbles24):
Gold: $2322.60
Oil (WTI): $78.43
US 10Y Treasury: 4.467%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Our friends and Official Sponsor @vertex_protocol just announced an important collaboration with @skate_chain!
As noted below:
“Skate is entering a close partnership with @vertex_protocol to enable SkateFi liquidity vaults on top of their synchronous orderbook liquidity layer @EdgeLayer across its every EVM chain deployment.”
This recent news comes on top of Vertex’s announcement re: their new ‘Buyback & Stake’ program, their new 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 and get access to 30+ perps & spot markets on their site at http://app.vertexprotocol.com!
Biggest TVL Movers + Else
Chains are mostly red today. Top 30 chains up at least 10% on the weekly include Merlin (#9), Mode (#15), Near (#20), Starknet (#25), and TON (#27).
Protocols are mostly red today as well. Protocols with at least $100M TVL up at least 50% on the weekly include Marinade, iZUMI, Particle, Magpie Ecosystem, and Sanctum.
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):
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 @@inforafinance. Twitter bio states “Soon.” Followed by 17 of our mutuals. h/t @twindoges:
-New project called @JoyboyStarknet. Twitter bio states “Social network, unchained, designed with freedom in mind. The treasure are friends we make along the way. @Starknet x Nostr”. Followed by 2 of our mutuals. h/t @twindoges:
-Previously-mentioned Scroll dex @NuriExchange has been added to @DefiLlama. Twitter bio states “NURI pairs incentives with concentrated liquidity for next-level capital efficiency”. Followed by 9 of our mutuals.
-New derivatives protocol on Core called @nlx_trade has been added to @DefiLlama. Twitter bio states “On-chain Perps backed by Bitcoin, built on @Coredao_org, powered by @PythNetwork”. Followed by 4 of our mutuals.
-New dex on Core called @OreSwap has been added to @DefiLlama. Twitter bio states “ORE (On-Chain Automated Market Maker (AMM) with Real-Time Execution).” Followed by 1 of our mutuals.
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama ($10M+ 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)
-@modenetwork airdrop about to commence, h/t @alpha_pls (click for rest of long-form tweet):
-Solid ETF inflows so far this week, h/t @tedtalksmacro:
-Runes currently accounts for close to 30% of the fee share on Bitcoin, h/t @moic_digital:
-@DeBankDeFi tweeted out a ‘snapshot’ image (DeBank is also the team behind @Rabby_io which also has a rumored airdrop) h/t @crypto_condom:
-@JupiterExchange x @CloneProtocol integration generating attention, h/t @DegenerateNews:
-Interesting stats re: a trader who has bought 5,417 different Solana memecoins this year, h/t @lookonchain:
-Interesting cycle thoughts from @SpartanBlack_1:
-@fantasy_top_ generating massive excitement, h/t @0xjaypeg:
-@pumpdotfun also continuing to generate much attention, h/t @0xUnihax0r:
-(Related) extremely high-quality thread on @pumpdotfun from @PineAnalytics, sample below:
-Additional news/alfa curation from @0xSalazar:
-Update on top crypto news stories from @coinbureau:
-Newest video on everything airdrop-related from @KryptoCove:
-Newest crypto + macro livestream from @noahseidman:
-Parting wisdom c/o @schizoxbt:
Conclusion
Happy Tuesday friends! Stay alert out there!
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.