Happy Wednesday good degens! 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: $2323.80
Oil (WTI): $77.67
US 10Y Treasury: 4.481%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
In our quest to eternally bring you alfa on @vertex_protocol, we couldn’t help but take note of the very interesting tweet from co-founder @AlwinPeng below…
‘Something something looking at other chains to deploy on…’
Very interesting :)
Once again, Vertex is a gigabrained orderbook dex with cross-margin perps + spot + lending functionality, and you can trade 30+ perp & spot markets at their site http://app.vertexprotocol.com!
And they are also the Official Sponsor of The Daily Degen, so make sure to follow them on Twitter for more updates!
Biggest TVL Movers + Else
Chains are almost uniformly red today. Only top 50 chain green on the daily is EOS (#41).
Protocols are mostly red today as well. Only top 50 protocols green on the daily are Pendle (#7), Swell (#19), JustStables (#27), Magpie Ecosystem (#30), Aerodrome (#35), and Sun (#41).
Here’s The Top 12 Fastest-Growing Chains By TVL On The Weekly With At Least $10M TVL (from @DefiLlama):
Here’s The Top 12 Fastest-Growing Protocols By TVL On The Weekly With At Least $10M TVL (from @DefiLlama):
Here’s The Top 12 Entities By 24 Hour Revenue 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 project called @OnlyApesxyz. Twitter bio states “Launch memecoins on Base for a few dollars… Part of @memecoinmonitor, the leading tracker for the memecoin race. Live now!” Followed by two of our mutuals. h/t @BowTiedNightOwl:
-Something new called @HadesNetworkERC. Twitter bio states “Powering The Demand For AI Charged CPU & GPU DePin Networks. 24/7 Support | CPU & GPU Supported | Massive Render Nodes | TPU”. Followed by 3 of our mutuals. h/t @brave_raf:
-New SocialFi project called @alfafrens_. Twitter bio states “New SocialFi app powered by @superfluid_hq , coming soon. Join us on farcaster...” Followed by 8 of our mutuals. h/t @brave_raf:
-New project called @decenteraicom. Twitter bio states “Decentralized AI Model Training Infrastructure”. Followed by 3 of our mutuals. h/t @brave_raf:
-Something new called @IntentAGI. Twitter bio states “The First Action Layer for Autonomous Agent…” Followed by 5 of our mutuals. h/t @brave_raf:
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 (an 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)
-News regarding FTX creditors soon potentially receiving their claims is catalyzing much discussion, h/t @ByzGeneral:
-New Vitalik proposal generating lots of discussion as well:
-Thread on the above from @jarrodWattsDev:
-New @Spectral_Labs airdrop yesterday to $wTAO holders and others:
-Yesterday’s $MODE airdrop went smoothly but valuation came in lower than many expected, h/t @phtevenstrong:
-Much attention on Fantom as it gets ready to unveil lots of stuff, h/t @danblocmates:
-LayerZero airdrop saga continues, h/t @WuBlockchain:
-AI coins still only represent 1% of the overall crypto market cap, h/t @HighCoinviction:
-Interesting sentiment poll c/o @blknoiz06:
-Good thread on @pumpdotfun from @Hermes_0x:
-Additional headlines c/o @Cprinze_:
-New interview with @blknoiz06 and @kelxyz, c/o @Unchained_pod:
-Latest update on all things airdrop-related, c/o @KryptoCove:
-Parting reminder c/o @ASvanevik:
Conclusion
Happy Wednesday friends! Stay alert out there!
And please RT/subscribe/etc if you found this valuable!
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Note
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!
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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.