Happy Friday and Happy November friends! Looks like it could be quite an eventful month!
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: $2.5T
Gold: $2761.30
Oil (WTI): $70.43
US 10Y Treasury: 4.315%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Take note wise frogs! @vertex_protocol has just listed $DEGEN on Base (available with up to 10x leverage!) and some hearty $DEGEN awards are available to those trading it!
As detailed in the tweet below…
“Trade DEGEN-PERP on Vertex on Base to participate in the 1M DEGEN token rewards pool.
Parameters:
🔵 Reward period of 2 weeks.
🔵 Rewards allocated based on volume.
🔵 Rewards will be distributed after the period ends.”
Beyond $DEGEN, Vertex just listed three more markets as well! These are:
-$GOAT
-$BRETT
-$SCR
Get started trading them all now at app.vertexprotocol.com + access more than 50 other perps and spot markets (and a wide variety of exquisite yield opportunities!)… And make sure to follow them on Twitter for more updates!
Biggest TVL Movers + Else
Chains are quite red today. Only top 25 chains green on the daily are Polygon (#8), and PulseChain (#21).
Protocols are quite red today as well. Only top 50 protocols green on the daily are Ethena (#11), Zircuit Staking (#19), Solv Protocol (#24), Avalon Labs (#43), and BlackRock BUIDL (#49).
Here’s The Top 12 Fastest-Growing Chains By TVL On The Weekly With At Least $100M TVL (from @DefiLlama):
Here’s The Top 12 Fastest-Growing Protocols By TVL On The Weekly With At Least $100M TVL (from @DefiLlama):
Here’s The Top 12 Entities By 24 Fee 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 @TopHat_One. Twitter bio states “Generate unique interactive AI agents live on Telegram, X and @Solana | 🎩: AxGAbdFtdbj2oNXa4dKqFvwHzgFtW9mFH | 🪄 Beta testing, be early…” Followed by 28 of our mutuals. h/t @DeFiMinty:
-New project categorized as a yield aggregator on ETH Mainnet and Polygon called @max_apy has been added to @DefiLlama. Twitter bio states “Turbocharging your crypto while you nap. We optimize + automate DeFi gains 24/7. Auto-allocated, rebalanced, and compounded across top protocols and strategies.” Followed by 1 of our mutuals.
-New dex on Morph chain called @MorFi_finance has been added to @DefiLlama. Twitter bio states “The Native Liquidity and Exchange Layer on @MorphL2 . 🐨...DM for collaboration...” Followed by 1 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
-@M2Exchange has apparently been hacked for $14M in $BTC, $ETH, and $SOL… h/t @PeckShieldAlert:
Important News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-US employment numbers came in this morning and appear to be flat to slightly dovish, h/t @NickTimiraos:
-Bitcoin ended October up 11.2%, its third best month of 2024, though slightly below historical October averages, h/t @CryptoRank_io:
-Continued discussion over when and how Bitcoin dominance will top, h/t @Pickle_cRypto:
-US election coming up in four more days (Tuesday, November 5th), catalyzing much speculation on how it might affect markets, h/t @jdorman1981 and @krugermacro:
-@0xKawz and the team behind SocialFi project @timedotfun announced their decision to migrate from Base to Solana, igniting a firestorm of discussion within the ongoing Solana/Ethereum debate:
-$BNB burn-maxxing, h/t @WuBlockchain:
-$VISTA chart has seen a big rebound as of late, generating much attention, h/t @Tyler_Did_It:
-UK bonds have been in carnage mode again this week, h/t @PrestonPysh:
-Recent L2 launches have seen underwhelming performance, h/t @redhairshanks86:
-Additional crypto headlines and defi news, h/t @TheDeFinvestor:
-And more headlines, c/o @0xSalazar:
-New Halloween edition of NFA Live from yesterday featuring @coinbureau, @NewsAsset, and @intocryptoverse:
-New video on everything going on with airdrops in Q4, from @KryptoCove:
-@cz_binance’s first post-prison interview, c/o @Cointelegraph:
-New gem-hunting video from @Grantblocmates and @jediblocmates at @Blocmatesdotcom:
-New interview with @nic__carter from @pahueg:
-Parting wisdom from @crypthoem:
Conclusion
Have a great Friday and stay alert out there friends!
And please RT/subscribe/etc if you found this valuable!
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Note
The team at @silentdao_ is continuing to develop their revolutionary new on-chain privacy architecture… which is essentially meant to be a middleware privacy/encryption layer:
“Silent Protocol is building the ghost layer, a modular layer 1.5 providing compliant privacy built on the EZEE framework to become that structured playground for institutions and retail users that can provide compliant, secure and privacy preserving access to ethereum native and cross chain liquidity along with enabling access to applications.”
Our editor @rektdiomedes is helping bang the drum about everything @silentdao_ is working on, so make sure to follow them on Twitter for more updates and check out the great thread on them from @kenodnb 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.