Happy Thursday friends! Lots of stuff going on!
Let’s dive in!
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: $1,985.80
Oil (WTI): $81.72
US 10Y Treasury: 4.718%
Stocks (from:@News4Moves):
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Our friends at @HMXorg keep building up a storm!
Their latest innovation? A revved-up, lightning-fast order execution engine that lets traders enjoy almost instant results, right after the block confirmation! For those curious, check out this video demo they shared on their Twitter/X account that showcases an order being executed in merely 1 second post-placement…
The new engine makes HMX’s order execution time multiple times faster than other leading perpetual protocols on Arbitrum, one of many features they shave shipped to ensure HMX users get the best tools for seamless on-chain trading!
We have been helping raise awareness about everything the crew at HMX has been up to, so make sure to give them a follow on Twitter to stay updated with everything they have lined up for the future!
Biggest TVL Movers + Else
Chains are very green today. Chains with at least $5M TVL up at least 50% on the weekly include Oraichain and Scroll.
Protocols are quite green as well. Protocols with at least $5M TVL up at least 100% on the weekly include multichain RWA protocol Hashnote USYC, ETH Mainnet insurance protocol Ease(dot)org, multichain launchpad FlokiFi Locker, and Solana liquid-staking protocol BlazeStake.
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 Chains/Protocols By 24 Hour Fee Generation (from @DefiLlama):
Other Data Points
Bitcoin Fear/Greed Index:
(from @BitcoinFear)
Ethereum Fear And Greed Index
(from @EthereumFear):
Fee Generation (from cryptofees(dot)info):
New Protocols
(note: this includes new defi protocols we find through combing Twitter each day, and we also include every (newly launched) protocol added by @DefiLlama - hence disclaimer: these are not pre-vetted by us so make sure to DYOR!)
-New trading bot project called @gemach_io. Twitter bio states “Maker of #GBot, the only self-custodial trading bot. Also offering self-custodial interest-free loans, index funds, & AI companions to generate alpha. $GMAC”.
-New Solana RWA project called @LUXHAUSOnline. Twitter bio states “Real-world assets on chain.” h/t @toffee248:
-New privacy-focused project called @dop_org. Twitter bio states “Bringing selective transparency to Ethereum. Allowing you to decide what crypto assets and transactions you wish to make public.” h/t @toffee248:
-Something new called @HOTFI_. Twitter bio states “🟧Build #BRC20 Decentralized Financial Ecology 🟧Provide Endlessly Liquidity Solution For #BRC20, Base On #EVM & #Ordinals Protocol”. h/t @toffee248:
-New trading bot project called @GMBotApp. Twitter bio states “An advanced #AI trading assistant to simplify and maximize your #crypto trading success”. h/t @toffee248:
-New trading bot project called @Turbo_Bot_Tech. Twitter bio states “Turbo Bot: Unleashing alpha plays based on sniper activity, first blocks, monitored wallets, and volume surge.” h/t @toffee248 - make sure to give him a follow!
-New Base dex called @SpookyBase has been added to @DefiLlama. Twitter bio states “A fast and efficient emerging Dex on #Base”.
-New leveraged yield farming project on Scroll called @perseidfi has been added to @DefiLlama. Twitter bio states “Composable Leveraged Yield Farming Protocol on Scroll”.
-New TON liquid-staking project called @hipofinance has been added to @DefiLlama. Twitter bio states “Decentralized liquid staking on TON”.
-Previously-mentioned Arbitrum derivatives protocol @EquationDAO has been added to @DefiLlama. Twitter bio states “The Next Generation of Decentralized #Perpetual #Exchange… Leveraged 🌊 Liquidity | Up to 2⃣0⃣0⃣x | ⚖️ Fair Launch”.
Security Alerts
-@OnyxProtocol apparently suffered an exploit yesterday, h/t @peckshield:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (all types, minimum $5M+ TVL) and @stable_fish - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Important News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-The Federal Reserve kept interest rates unchanged at their latest rate decision yesterday:
-@PrismaFi token launch + yield farming is getting a bunch of attention from various defi gigabrains, h/t @DeFi_Dad, @Cryptoyieldinfo, and @TheMirza_:
-Treasury Secretary Janet Yellen announced yesterday that the Treasury would lean into short-term bill issuance vs long-duration bond issuance, which was taken as a bullish shift by various macro commenators:
-Excellent thread on the above from @WarrenPies:
-The founders of SafeMoon were arrested yesterday:
-Some ticker alfa/analysis from @ThorHartvigsen:
-Another fascinating stat on the historic bond market route we’ve witnessed:
-@PythNetwork airdrop, h/t @TaikiMaeda2:
-Jury deliberation in SBF trial starts today:
-Microstrategy update c/o @0xjaypeg:
-New thread on Kujira from @jake_pahor as part of his ongoing protocol research series:
-Brand new macro video from @Blockworks_ featuring Michael Kao @UrbanKaoboy interviewed by @JackFarley96 and @MikeIppolito_:
-Another excellent new @Blockworks_ video- released yesterday- featuring Arthur Hayes @CryptoHayes being interviewed by @MikeIppolito_:
-@FlywheelDefi released a new interview with MakerDAO founder @RuneKek:
-Parting wisdom from @hosseeb:
Conclusion
Happy Thursday friends let’s get after it!
And please RT/subscribe/etc if you found this valuable! :)
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Note
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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.