Happy Tuesday friends! Things are getting wild!
Let’s dive in!
As always… 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):
Total Crypto Market Cap: $3.01T
Gold: $2614.38
Oil (WTI): $68.65
US 10Y Treasury: 4.39%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Reminder that @OcelexFi is currently in its pre-mining phase!
Once again… Ocelex is a franchise expansion of @LynexFi on Zircuit…
Lynex is a ve(3,3) dex and one of the largest protocols on Linea, and we’ve been helping bang the drum about everything they are doing, including this new Zircuit expansion!
Yield-maximalists and degens are currently doing some wild APR-maxxing on the Ocelex site ahead of its upcoming TGE, so make 100% sure to check it out!
To get all the details on how to benefit, check out the tweet below and make sure to follow Ocelex on Twitter for more updates!
Biggest TVL Movers + Else
Chains are quite green again today. Top 25 chains up at least 40% on the weekly include Sui (#8), Cronos (#17), Bitlayer (#190), and Cardano (#24).
Protocols are also quite green today. Top 50 protocols up at least 50% on the weekly include Renzo Protocol (#27), Solv Protocol (#33), and DeSyn Protocl (#48).
Here’s The Top 12 Fastest-Growing Chains By TVL On The Weekly With At Least $1M TVL (from @DefiLlama):
Here’s The Top 12 Fastest-Growing Protocols By TVL On The Weekly With At Least $1M TVL (from @DefiLlama):
Here’s The Top 12 Entities By 24 Hour Fee Generation (from @DefiLlama):
Bitcoin Fear/Greed Index:
(from @BitcoinFear)
Chart Of The Day
(Courtesy of our Official Sponsor @vertex_protocol)
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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 @Goveio. Twitter bio states “NFT marketplace and launchpad on @movementlabsxyz”. Followed by 3 of our mutuals. h/t @AresLabs_xyz:
-A new liquid-staking protocol on TON called @UTONIC_uTON has been added to @DefiLlama. Twitter bio states “UTONIC is the first revenue-sharing restaking layer for one billion users on TON @ton_blockchain and Telegram”. Followed by 5 of our mutuals.
-Previously-mentioned new/newish CDP protocol on ETH Mainnet @__reservoir has been added to @DefiLlama. Again, Twitter bio states “A permissionless stablecoin protocol backed by yield bearing assets.” Followed by 19 of our mutuals.
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (all types, $1M+ TVL only) - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Security Alerts
-No security alerts today.
Important News And Analysis
-Crypto is turbo-sending, exceeding total crypto market cap ATH’s from last cycle, and Bitcoin has flipped silver in market cap, h/t @JasonYanowitz:
-US ‘Bitcoin Strategic Reserve’ discussions are generating massive excitement, though at this point it is just a bill put forward by Wyoming Senator and noted crypto-advocate Cynthia Lummis:
-Lot of talk about MicroStrategy potentially being added to some of these big ETF’s and the effect of passive 401k/etc flows continually and automatically being invested into it as a result, h/t @FloodCapital:
-Overall memecoin market cap hits new all-time high’s, h/t @Tyler_Did_It:
-Coinbase app hits top 20 overall on AppStore:
-Interesting Ethereum tech upgrade is generating a lot of attention, h/t @crypto_condom, @0xfoobar, and @0xdoug:
-Memecoin $GIGA nuked over $400M downward in market cap yesterday after an apparent security incident affecting one of its largest holders(?), h/t @DegenerateNews and @stigstigstig_:
-Interesting update on Sam Trabucco/FTX stuff, h/t @0xngmi and @sunil_trades:
-$PRIME update c/o @templecrash:
-Upcoming Hyperliquid airdrop continues to generate massive excitement, thread on it below from @defi_monk:
-Excellent thread on mentally navigating the bull market from @phteveonstrong:
-New @TaikiMaeda2 video on memecoins vs utility coins:
-New macro interview with @LukeGromen:
-Parting wisdom from @AltcoinPsycho:
Conclusion
Happy Tuesday good degens! Enjoy the excitement and 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.