Happy Saturday friends! The nascent bull run continues!
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: $2.725T
Gold: $2691.70
Oil (WTI): $70.38
US 10Y Treasury: 4.306%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
More news from @vertex_protocol good anons!
As recently detailed on their official Twitter account:
“Vertex has integrated @chainlink ’s cross-chain interoperability protocol to enable seamless, secure transfers of the VRTX token across chains. Native versions of VRTX are now available on @arbitrum @base & @blast!
…With CCIP, the VRTX token goes multi-chain, setting the foundation for cross-chain swaps, staking, and trading rewards claiming as part of the upcoming rollout of the VRTX Vertical Program updates.”
Learn more in the full article from Vertex by clicking here!
And- as always- Vertex currently offers over 50 different perps and spot markets with an experience just as smooth as any centralized exchange, utilizing a state of the art cross-chain liquidity infrastructure via their Edge system @EdgeLayer, so make sure to visit the Vertex site at app.vertexprotocol.com, and follow them on Twitter for more updates!
Biggest TVL Movers + Else
Chains are mostly green today. Fastest-growing chains on the weekly with at least $1M TVL are Morph, zkLink Nova, and Taiko.
Protocols are also mostly green today. Fastest-growing protocols on the weekly with at least $1M TVL are Temple DAO, Nest Staking, Ceres Demeter, CGO Finance, and Factor.
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 Token-Holders’ Revenue (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 @MagicNewton. Twitter bio states “Build once. Be everywhere. The first chain unification network. Testnet on: _ /_ /_” Followed by 10 of our mutuals. h/t @AresLabs_xyz:
-Something new called @QuillFi. Twitter bio states “Quill Finance ⧫ A secure, over-collateralized stablecoin protocol on Scroll’s zk-Rollup network.” Followed by 6 of our mutuals.
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (all types, $20M+ TVL only) - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Security Alerts
-No security alerts today.
Important News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-$BTC price at all-time high’s but $ETH and $SOL still not back to 2021 levels, h/t @Fiskantes:
-Stonks at all-time high’s as well, h/t @intothecryptoverse:
-$COIN up 40% since election, h/t @charliebilello and @alpha_pls:
-Increasing talk around a Polymarket airdrop, h/t @WuBlockchain:
-Solana defi tokens also getting the post-election bump, h/t @ThorHartvigsen:
-Interesting Bitcoin mining stats from @NPC_68:
-Cex downloads for October, from @CryptoRank_io:
-Hyperliquid excitement continuing, h/t @MetamateDaz:
-Interesting note from @0xferg:
-Lot of discussion around memecoins, defi, cycle thoughts, etc on the TL, example c/o @pure_patience:
-New episode of @Lightspeedpodqh featuring @0xMert_ and @aeyakovenko:
-New video from @Dynamo_Patrick on strategy for the potential bull market:
-New episode of @theempirepod featuring @JasonYanowitz and @santiagoroel discussing everything going on in crypto:
-New @Blockworks_ video discussing the post-election bump in crypto and macro and everything going on with each:
-New episode of @therollupco featuring @MustStopMurad and @CryptoHayes:
-Bullish sentiments c/o @theunipcs:
-Parting wisdom c/o @crypto_linn:
Conclusion
Have a great Saturday friends and don’t forget to touch some grass this weekend!
And please RT/subscribe/etc if you found this valuable!
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Note
Important article from the team at @silentdao_ as they continue to develop their revolutionary on-chain privacy architecture!
The 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.