Happy Thursday good degens! 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):
Gold: $2636.60
Oil (WTI): $74.16
US 10Y Treasury: 4.082%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Take note friends! The newest issue of the Vertex Gazette has just been published!
The Vertex Gazette is from our Official Sponsor @vertex_protocol and this new issue goes over all the latest news and developments they’ve been rolling out, as they continue shipping the omnichain trading future!
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!
In addition, users can stake VRTX to benefit from both real yield paid in USDC as well as the official VRTX buyback & burn program!
Read the Vertex Gazette below to get all the newest news and alfa related to Vertex and the broader @EdgeLayer ecosystem, visit the Vertex site at app.vertexprotocol.com, and make sure to follow them on Twitter for more updates!
Biggest TVL Movers + Else
Chains are mixed today. Fastest-growing chains on the weekly with at least $1M TVL are Sora, Bitcoin (though think this is due to a reporting change or data glitch), and BOB.
Protocols are also mixed today. Fastest-growing protocols on the weekly with at least $1M TVL are Sora dex Polkaswap, Arbitrum/Base options protocol Jasper Vault, multichain (EVM) yield protocol DELV, Starknet yield protocol STRKFarm, and Stellar dex Aquarius Stellar.
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!)
-Something new called @deltadotnetwork. Twitter bio states “A new type of permissionless network...” Followed by 46 of our mutuals. h/t @AresLabs_xyz:
-Something new called @MortgageFiApp. Twitter bio states “50x leverage without risk of liquidation. Under-collateralised loans. Attractive $ denominated yields...” Followed by 25 of our mutuals. h/t @AresLabs_xyz:
-Something new called @webisopen. Twitter bio states “Web is Open”. Followed by 8 of our mutuals. h/t @DeFiMinty:
-New dex on Sei called @donkeswap has been added to @DefiLlama. Twitter bio states “Where humor meets serious gains. Powered by @SeiNetwork Incubated by @Kryptonite_fi…” Followed by 1 of our mutuals.
-New dex on Flare called @SparkDexAI has been added to @DefiLlama. Twitter bio states “First AI-driven DeFi ecosystem on @FlareNetworks...” Followed by 4 of our mutuals.
-New lending protocol on Etherlink called @SuperlendHQ has been added to @DefiLlama. Twitter bio states “DeFi’s premier lending & borrowing aggregator. Discover top rates, seamlessly manage cross-chain positions, and optimize your capital across all chains. 🧡...” Followed by 3 of our mutuals.
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (single-exposure, no-IL, $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)
-CPI numbers came in slightly ‘hot’ today but roughly as expected, h/t @DaanCrypto:
-NFT’s catching a bid, h/t @Tyler_Did_It:
-Market still expecting substantial rate cuts from Fed in November + next year, h/t @NickTimiraos:
-Newest round of Optimism airdrops is out, number of people on the TL reporting receiving some, h/t @OlimpioCrypto:
-Headlines from @0xSalazar:
-Additional headlines c/o @blocmatesnews:
-Interesting story re: the FBI creating its own crypto project as part of an investigation is generating much attention:
-RWA now accounts for 3.69% of defi’s TVL, h/t @intotheblock:
-VanEck launches new $30M crypto/AI fund, h/t @matthew_sigel:
-Airdrop/yield alfa from @0xWelfare:
-New @markjeffrey interview with @JosephJacks_ about everything $TAO/Bittensor-related (click to watch full video embedded in tweet):
-New gem-hunting livestream from @jediblocmates and @Grantblocmates at @blocmatesdotcom:
-New roundtable discussion from @Unchained_pod:
-New video on memecoins, EigenLayer, and a variety of other topics from @0xResearch:
-Parting crypto-adjacent wisdom c/o @j_foerst:
Conclusion
Happy Thursday good frogs! Stay alert out there!
And please RT/subscribe/etc if you found this valuable!
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Note
Another very cool update to be aware of from our gigabrain friends at @Spiral_DAO :)
This one involves the first liquid locker for the @XAI_GAMES ecosystem… released by @Novadashio and powered by Spiral DAO’s infra + tech!
As explained in this Medium article on the above announcement:
“The XAI Network is a decentralized blockchain system designed specifically for Web3 gaming. It is powered by Arbitrum technology and developed by Offchain Labs…
When you lock your XAI into the Liquid Locker, you gain access to the entire XAI ecosystem’s staking pools, allowing you to choose the one that best fits your strategy and earn up to 120% APR…
By providing the infrastructure and support for the XAI Liquid Locker, Spiral DAO secures a 40% commission on all rewards generated through the locker. This strategic project cooperation strengthens Spiral DAO’s ecosystem by boosting the growth of the Spiral Treasury, which in turn enhances the backing of the SPR token…”
1M XAI is already locked, so make sure to learn more in the Medium article here and follow @Spiral_DAO 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.