Happy Sunday friends! Tradfi markets closed but crypto never sleeps!
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: $3.42T
Gold: $2743.20
Oil (WTI): $71.24
US 10Y Treasury: 4.412%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Tradoors take note! The crew at @vertex_protocol are having a very cool new trading competition on Arbitrum!
It starts on November 25th, at 5PM UTC!
You need to stake VRTX to participate - which will also provide you comfy 78% yield paid out in USDC :)
There are 250k VRTX tokens up for grabs so make sure to check out the details of the competition via the thread below!
And, as always, make sure to visit the Vertex site now at app.vertexprotocol.com to access 50+ 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 mixed today. Only top 25 chains red on the weekly are Sui (#8), Mantle (#16), Blast (#17), and Scroll (#22).
Protocols are also mixed today. Only top 50 protocols red on the weekly are Rocket Pool (#14), and Aerodrome (#34).
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 Hour 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!)
-Something new called @DexodusFinance. Twitter bio states “Dexodus Finance pioneers gamified perpetual trading with innovative index and real-world asset markets. Live on @base soon!” Followed by 2 of our mutuals.
-Something new called @whatexchange. Twitter bio states “We aim to fix a growing transparency problem in the exchange industry by building the first community-owned Perp DEX. // Built by Traders, Owned by Degens.” Followed by 17 of our mutuals. h/t @AresLabs_xyz:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (single-exposure, no-IL, $20M+ 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
-Macro schedule for the week ahead, h/t @KobeissiLetter:
-Market check-in from @NPC_68:
-Bitcoin on track for its best November performance in five years, h/t @DaanCrypto:
-Defi headlines from @TheDeFinvestor:
-Very interesting story re: Tether, h/t @WuBlockchain:
-Top 10 tokens by dex volume in the last 30 days include stablecoins, $WBTC, various ETH derivatives, and two memecoins, h/t @CryptoRank_io:
-Latest real-time inflation data from @truflation:
-Interesting stat that Aave would apparently be the 64th largest bank in the US if measured in such a capacity, h/t @aixbt_agent:
-Thoughts from @Dynamo_Patrick:
-Very interesting article from @yb_effect:
-Important anecdote, h/t @YagamiTailor:
-New episode of Good Morning Degen from @blocmatesdotcom going over all the top stories in crypto:
-New macro + crypto discussion from @Blockworks_:
-Parting wisdom c/o @Franku271 via @QuotableCrypto:
Conclusion
Happy Sunday good degens! 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.