Happy Saturday good degens! Everything is heating up!
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: $2.43T
Gold: $2745.90
Oil (WTI): $69.49
US 10Y Treasury: 4.386%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Highly recommend the below interview with @vertex_protocol co-founder @DariusTabai from the Exit Liquidity podcast friends!
The interview is conducted by @exliquidity co-hosts @cedosalah and @cryptoaioli, and goes into all sorts of info regarding Darius’s background, Vertex lore + alfa, and a ton of gigabrain discussion regarding the overall defi/perps/crypto landscape!
And- as always- Vertex currently offers over 50 different perps and spot markets utilizing a state of the art cross-chain liquidity infrastructure of their Edge system @EdgeLayer, as well as all sorts of yield-maxxing possibilities including real yield in $USDC for $VRTX-stakers!
Make sure to visit the Vertex site at app.vertexprotocol.com to get started, and follow them on Twitter for more updates!
Biggest TVL Movers + Else
Chains are mixed today. Fastest-growing chains on the weekly with at least $5M TVL are Zircuit, Taiko, and re(dot)ai.
Protocols are also mixed today. Fastest-growing protocols on the weekly with at least $5M TVL are Contango, Panko Finance, PearlFi, Alien Base, and Bedrock.
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 Entities By 24 Revenue 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 on Near called @omnilane_labs. Twitter bio states “Definitive cross-chain swap protocol designed using chain signatures. Swap native assets securely without bridges, slippage or MEV attacks.” Followed by 12 of our mutuals.
-Something new called @psbtnetwork. Twitter bio states “An open protocol that enables trustless collaboration between multiple parties using Partial Signed Bitcoin Transactions”. Followed by 1 of our mutuals. h/t @AresLabs_xyz:
-Something new called @usedatahive. Twitter bio states “DePIN for AI data”. Followed by 3 of our mutuals. h/t @AresLabs_xyz:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (all types, $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
(key news, twitter threads, articles, videos, etc from last 24 hours)
-Prices getting volatile as we head into election week, h/t @DaanCrypto:
-Several memecoins including $FWOG and $GIGA hit new all-time high’s over the last 24 hours, h/t @DegenerateNews:
-Kraken de-listing a number of tokens, including $CRV/$SNX/$BAL, h/t @DefiIgnas:
-Extremely thorough calendar for the month, from @layerggofficial:
-Memecoins currently have a $63.6B market cap, representing 2.6% of the total crypto market, h/t @NPC_68:
-Total EigenLayer TVL is currently 12% of all staked ETH and 3.5% of all ETH overall, h/t @zxocw:
-Bullish full moon in Taurus to pump our bags? h/t @TyrogueD:
-@truflation inflation numbers continue creeping up:
-Base the top-earning L2 over the past month, h/t @NPC_68:
-Seeing a lot of debate/analysis re: QUIL on the TL, sample from @CryptoStreamHub below:
-Some interesting crypto-adjacent thoughts from @TheRealEstateG6:
-New ‘Good Morning Degen’ video from @Blocmatesdotcom going over everything happening in crypto:
-New episode of @thebellcurvepod featuring @im_manderson, @pythianism, and @MikeIppolito_ discussing Solana, Coinbase, DePIN, the election, and a bunch of other current crypto topics:
-New gem-hunting livestream from @drakeondigital:
-New episode of @0xSteadyLads podcast:
-Parting wisdom from @fewseethis via @QuotableCrypto:
Conclusion
Happy Saturday friends! Don’t forget to touch some grass this weekend!
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.