Happy Wednesday friends! Insanely exciting times!
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: $2.56T
Gold: $2661.60
Oil (WTI): $71.18
US 10Y Treasury: 4.457%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Prices up! Volumes up! Yields up!
Things are heating up on @vertex_protocol good anons!
Yield-appreciatoors are earning big on Vertex right now, as the next bull market kicks off following Trump’s win!
You can benefit by 1) LP’ing, and 2) staking VRTX to earn substantial yield paid out in $USDC! (+ benefit from the VRTX buyback and burn program!)
And- as always- traders can take advantage of 50+ different perps and spot markets available across a wide range of chains thanks to Vertex’s gigabrain cross-chain liquidity infrastructure @EdgeLayer!
>>> Click here to get started now! >>>
Biggest TVL Movers + Else
Chains are extremely green today. Biggest gainers on the weekly among chains with at least $20M TVL are Zircuit, Taiko, and re(dot)ai.
Protocols are also extremely green today. Biggest gainers on the weekly among protocols with at least $20M TVL are Panko Finance, Splash Protocol, Alien Base, Polymarket, and Impermax Finance.
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 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!)
-New project called @RootstockColl. Twitter bio states “A DAO designed to recognise and reward builders and users of Rootstock, the leading and longest running Bitcoin sidechain.” Followed by 2 of our mutuals.
-Something new called @eatthepiexyz. Twitter bio states “The World Lottery on Ethereum. 🔍 Fully transparent and fair 🤖 Self-executing 0x043c9ae2764b5a7c2d685bc0262f8cf2f6d86008”. Followed by 3 of our mutuals.
-A new launchpad on Base called @g8_keep has been added to @DefiLlama. Twitter bio states “Safely deploy, discover, and trade tokens. Currently on EVM.” Followed by 50 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
-No security alerts today.
Important News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-Donald Trump has won the US election and risk assets have been mooning since his victory became clear late last night, with $BTC hitting new all-time high’s - and the dollar and bond yields are also surging, h/t @KobeissiLetter:
-Infamous anti-crypto senator Sherrod Brown was also defeated in Ohio, h/t @decryptmedia:
-Polymarket was the other big winner of the election, generating massive attention throughout the night and substantially leading mainstream coverage from a prediction/accuracy standpoint, h/t @NPC_68:
-Bullish sentiments from @cobie:
-Thoughts from @WClementeIII:
-SOL flips BNB to hit #4 spot (and become third biggest crypto not counting USDT):
-Defi tokens surging, h/t @ThorHartvigsen:
-Thoughts from @ViktorBunin:
-Thoughts from @HighCoinviction:
-SOL/ETH sentiment check, h/t @thecryptojourno:
-Thoughts from @RyanWatkins_:
-A new gem-hunting livestream from @jediblocmates and @Grantblocmates:
-Currently airing @BanklessHQ livestream on the election featuring Alex Thorn:
-Parting wisdom c/o @wronguser000:
Conclusion
Happy Wednesday friends! Enjoy the exquisite vibes and as always- stay hypervigilant!
And please RT/subscribe/etc if you found this valuable!
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Note
Important new article from the team at @silentdao_ as they continue to develop their revolutionary on-chain privacy architecture!
The new article:
“...delves into alternative strategies for mitigating illicit activity within privacy-focused ecosystems and explores the intricate cryptographic mechanisms underpinning the Silent Compliance VM.”
This compliance variable is one of the most fascinating (and challenging) aspects of what Silent is attempting to build, so make sure to check out the article by clicking here now!
And once again, our editor @rektdiomedes is helping bang the drum about everything Silent has been building, so make sure to follow them on Twitter for more updates!
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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.