Happy Thursday friends! 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: $2318.00
Oil (WTI): $79.57
US 10Y Treasury: 4.518%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
New thread from the gigabrains at @vertex_protocol regarding sharing fees cross-chain!
As background, Vertex has been implementing their new cross-chain liquidity system Edge to great results, and are actively exploring new chains to deploy on!
As they state in the thread below:
“More liquidity…
More users…
More opportunities…”
If you are interested in doing some yield-maxxing then read the thread below and visit the Vertex site now to start LP’ing and/or staking VRTX to earn some very solid apr’s and directly benefit from Vertex’s ongoing growth!
Note: Once again, Vertex is our Official Sponsor! Trade 30+ perp & spot markets at their site now http://app.vertexprotocol.com!
Biggest TVL Movers + Else
Chains are mixed today. Fastest-growing chains on the weekly with at least $1M TVL are BOB, Immutable zkEVM, and OKTChain.
Protocols are are also mixed today. Fastest-growing protocols on the weekly with at least $1M TVL are Solana dex 1INTRO, Algorand dex Compx, Radix dex CaviarNine, Polygon prediction market Polymarket, and uncategorized Blast protocol Particle.
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 Revenue Generation (from @DefiLlama):
Bitcoin Fear/Greed Index:
(from @BitcoinFear)
Ethereum Fear/Greed Index:
(from @EthereumFear)
Top Trending Tokens:
(from @dexscreener - 24 hour timeframe)
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 @Kast_official. Twitter bio states “@Asvanevik knows. Waitlist out this week.” Followed by 5 of our mutuals. h/t @AresLabs_xyz:
-Something new on Solana called @urani_labs. Twitter bio states “Solana's intent-based swap and arena. Protection against toxic MEV with a multi-dimensional price free market. Join the games this Summer.” Followed by 7 of our mutuals. h/t @AresLabs_xyz:
-New project called @Arbelosxyz. Twitter bio states “Arbelos Markets is a trading firm providing principal liquidity across crypto derivatives markets, ranging from high-touch to programmatic.” Followed by 12 of our mutuals. h/t @AresLabs_xyz:
-Something new called @anotherus_ai. Twitter bio states “Coming Soon. Built on @gm_dot_ai”. Followed by 11 of our mutuals. h/t @AresLabs_xyz:
-Previously-mentioned Merlin dex @BitGenie_io has been added to @DefiLlama. Twitter bio states “A one-stop shop for Ordinals, Runes, and Bitcoin DeFi - Trusted by @MerlinLayer2 & @WOO_ecosystem Innovation Hub”. Followed by 4 of our mutuals.
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama ($10M+ TVL, single-exposure, no-IL only) - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Security Alerts
-Daily Reminder: Twitter (an other social media) is being absolutely inundated with scams and links to fake versions of popular defi protocols - please make sure to be EXTREMELY hyper-vigilant and triple-check before interacting with anything!
-No security alerts today.
Important News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-All sorts of big news on the regulatory front over the last 24 hours, h/t @AlexanderGrieve and @BitcoinMagazine:
-Positive comments about crypto from Donald Trump are generating massive attention, h/t @AutismCapital:
-$TREMP, $TRUMP, and $BODEN all spiked upward in price after Trump’s comments embracing crypto and after he answered an interview question referencing the latter of the three:
-Google searches for the term ‘crypto’ have fallen back down from their resurgent spike in Q1, h/t @TheDeFinvestor:
-Some major GMX + Solana alfa c/o @DeFiMann:
-The memecoin meta continues its ascendance, h/t @WuBlockchain:
-$EKUBO was the notable airdrop of the day, h/t @MingoAirdrop:
-Thoughts on memecoin trading from @drakeondigital:
-Good overview of recent airdrops h/t @KryptoCove:
-Extremely thorough + well-written thread on notable new Blast SocialFi protocol @fantasy_top_ that has been generating much excitement, by @francescoweb3:
-Good macro thread on the Fed and the subject of ‘Money Printing’ by @jameslavish:
-New interview with Jordi Alexander @gametheorizing from @ayyyeandy at The Rollup:
-New gem-hunting livestream from @jediblocmates and @grantblocmates at @Blocmatesdotcom:
-New interview with @ercwal from @BanklessHQ:
-Parting wisdom h/t @Deebs_DeFi:
Conclusion
Happy Thursday friends! Stay alert out there!
And 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.