Happy Friday dear frogs! Lots of stuff going on!
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):
Gold: $2665.20
Oil (WTI): $75.28
US 10Y Treasury: 4.098%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
With the news about Uniswap today and resulting debate, its an opportune time to reiterate that @vertex_protocol already embraced this model and has seen surging volumes and TVL across the defi-verse as a result!
The omnichain-liquidity they have instituted via their Edge technology @EdgeLayer already allowed them to create the ‘Unichain for perps’, to reference the above developments :)
As a result, Vertex currently offers over 50 different perps and spot markets across a variety of chains, with an experience just as smooth as any centralized exchange!
In addition, users can stake VRTX to benefit from both real yield paid in USDC as well as the official VRTX buyback & burn program!
Visit the Vertex site to get started now at app.vertexprotocol.com, and make sure to follow them on Twitter for more updates!
Biggest TVL Movers + Else
Chains are mostly green today. Chains with at least $10M TVL up at least 10% on the daily include Flare, and CORE.
Protocols are also mostly green today. Protocols with at least $10M TVL up at least 300% on the monthly include Flux Finance, Binance Staked SOL, Yay!, and StellaSwap.
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 @zoodotfun. Twitter bio states “Open 24/7. No zookeeper needed.” Followed by 16 of our mutuals. h/t @AresLabs_xyz:
-Something new called @gigrewards. Twitter bio states “GIG is a questing platform revolutionizing web3 user acquisition - partnering w/ telecom giants to onboard the next wave of web3 users worldwide.” Followed by 3 of our mutuals. h/t @AresLabs_xyz:
-Something new called @KlyraProtocol. Twitter bio states “Coming Soon”. Followed by 15 of our mutuals. h/t @AresLabs_xyz:
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)
-Big announcement from Uniswap is main topic of the day in crypto:
-Price response to the news has been somewhat muted so far though, h/t @TaikiMaeda2:
-Market still trending sideways, h/t @DaanCrypto:
-Defi headlines c/o @TheDeFinvestor:
-More headlines c/o @blocmatesnews:
-@fejau_inc on the macro:
-Interesting story re: dYdX, h/t @laurashin:
-Lot of controversy on the TL today over the Arbitrum Gaming Fund, h/t @crypto_condom and @CupOJoseph:
-Sui dex volume up 51% over the past week, h/t @NPC_68:
-Seeing renewed excitement and positive price action for Runes the last few days, h/t @Tyler_Did_It:
-Important security reminder from @AltcoinPsycho in response to a couple horror stories of lost funds on the TL today:
-New roundtable discussion from @Unchained_pod:
-New on-chain analysis tutorial from @Dynamo_Patrick:
-Parting wisdom c/o @CryptoNagato:
Conclusion
Have a great Friday and stay hypervigilant out there friends!
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.