Happy Wednesday good frogs! Let’s get after it!
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: $2667.10
Oil (WTI): $69.08
US 10Y Treasury: 4.265%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Take note friends!
The gigabrains at @DIAdata_org have big news - as DIA Lasernet is now live on testnet on Ethereum Sepolia!
"Today marks the beginning of a new chapter in oracle technology with the testnet launch of DIA Lasernet, an Ethereum Layer-2 solution specifically engineered for oracle infrastructure...
...Developers can now experience firsthand the benefits of Layer-2-based oracles, by testing a handful of pull and push-based oracles on selected testnets (Arbitrum, Base, Ethereum, and more). The testnet launch provides builders with a test ground, ahead of Lasernet’s mainnet release scheduled for Q1 2025..."
Indeed... powered by an array of luminary co-shippers such as Conduit, OP Stack, Celestia, and Hyperlane... Lasernet is is revolutionizing the role of oracle operations within the world of crypto, via unprecedented verifiability, decentralization, and trustless execution... and much resulting boolishness is on the horizon :)
We will be continuing to shine a light on everything the team is shipping, so stay tuned for for further updates and make sure to follow DIA on Twitter as well!
Biggest TVL Movers + Else
Chains are quite green today. Top 25 chains up at least 20% on the weekly include PulseChain (#14), Cardano (#16), and Taiko (#24).
Protocols are also quite green today. Top 50 protocols up at least 20% on the weekly include Rocket Pool (#14), Morpho (#15), Kelp DAO (#38), and Binance Staked ETH (#42),
Here’s The Top 12 Fastest-Growing Chains By TVL On The Weekly With At Least $50M TVL (from @DefiLlama):
Here’s The Top 12 Fastest-Growing Protocols By TVL On The Weekly With At Least $50M 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!)
-New project called @cookdotmeme. Twitter bio states “making the trenches great again. launching soon”. Followed by 8 of our mutuals. h/t @AresLabs_xzy:
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
-Tornado Cash ruling was dominant topic of the day, thoughts from @0xCygaar below:
-Overview of last ten days from @thedefivillain:
-Interesting observations/alfa from @0xGeeGee:
-Additional headlines c/o @cryptoIntegrat:
-France in macro spotlight:
-Hyperliquid has re-opened advance airdrop claims one more time for anyone who previously missed it:
-They also slashed point allocations for suspected sybil farmers:
-More great stuff from @0xngmi and the @DefiLlama team to be aware of:
-Thoughts on the inflation debate, h/t @fejau_inc:
-Thoughts on AI x Crypto from @daryllautk:
-Narrative watchlist c/o @JiraiyaReal:
-New video from TAO Talk podcast via @blocmatesdotcom:
-New video on Base defi ecosystem from @Dynamo_Patrick:
-New @TaikiMaeda2 interview with @alphawifhat:
-Parting reminder from @ThrobbyBaggins:
Conclusion
Happy Wednesday 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.