Happy Thursday good degens! The excitement continues to grow!
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: $2.42T
Gold: $2694.90
Oil (WTI): $70.58
US 10Y Treasury: 4.04%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Trump or Harris anon? TRUMP or HARRIS?!?
You can now trade the outcome on @vertex_protocol!!! Election markets are live! :)
“Trading Outcome tokens on Vertex is similar to trading spot assets but with a focus on predicting election outcomes. If the TRUMP token is priced at $0.55, the market predicts a 55% chance Trump wins. If HARRIS is at $0.44, it implies a 44% chance Harris takes it….
If your candidate wins, each TRUMP or HARRIS token can be redeemed for 1 USDC once the election results are finalized…”
Get started trading TRUMP or HARRIS now by visiting the Vertex site here!
And, as always, Vertex also offers over 50 different perps and spot markets with an experience just as smooth as any centralized exchange! There is much more shipping coming down the pipeline as well so make sure to follow Vertex on Twitter for more updates!
Biggest TVL Movers + Else
Chains are mostly green today. Only top 50 chains red on all three timelines (daily, weekly, monthly) are Arbitrum (#6), and Blast (#15).
Protocols are also mostly green today. Only top 100 protocols red on all three timelines (daily, weekly, monthly) are Ethena (#10), Curve Finance (#15), Franklin Templeton (#61), and Pell Network (#87).
Here’s The Top 12 Fastest-Growing Chains By TVL On The Weekly With At Least $1M TVL (from @DefiLlama):
Here’s The Top 12 Fastest-Growing Protocols By TVL On The Weekly With At Least $1M 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!)
-New project called @zex_trade. Twitter bio states “Decentralized Trading, 1m orders per second, Any token, Across any chain. Powered by @zellular_xyz, Secured by @EigenLayer.” Followed by 6 of our mutuals. h/t @2lambro and @0xbobx:
-New project called @WhiteRock_Fi. Twitter bio states “The RWA protocol.” Followed by 3 of our mutuals. h/t @2lambro:
-New project categorized as a farm protocol on ETH Mainnet called @SynStation has been added to @DefiLlama. Twitter bio states “Staking @ SynStation 🎮 for multiple point farming💰 Join the Entertainment Innovation Hub💥”. Followed by 3 of our mutuals.
-Previously-mentioned @seer_pm has been added to @DefiLlama (categorized as Gnosis + ETH Mainnet prediction market protocol). Twitter bio states “Next generation prediction marketplace.” Followed by 3 of our mutuals.
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (all types, $20M+ TVL) - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Security Alerts
-There was a significant security incident involving @RDNTCapital with substantial losses over the last 24 hours, h/t @WuBlockchain:
Important News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-The deBridge Finance airdrop is now live (make sure to triple-check all links/etc!):
-Good reminder of how far we’ve come in the last year, as Solana was only $23 a year ago today, h/t @SolanaFloor:
-$GOAT continues to generate much excitement, though apparently mindshare is still only a quarter of what $MOODENG was at peak, h/t @sandraaleow with data from @_kaitoai:
-ETH significantly underperforming both Bitcoin and stonks this year, h/t @NPC_68:
-ETH ETF inflow/outflow data is starting to look a bit better though, h/t @Slappjakke:
-Gold up 40% over the past year and still surging through price discovery:
-Interesting Do Kwon update, c/o @solidintel_x:
-Important reminder from @Cryptoyieldinfo in wake of Radiant exploit:
-Interesting thread + article on @autonolas/$OLAS from @0xPrismatic:
-Top defi protocols by fees generated this week, h/t @CryptoStreamHub:
-Interesting memecoin + cycle thoughts from @wronguser000:
-New @BanklessHQ video with @eddylazzarin and @darenmatsuoka from a16z on their newly-released ‘State Of Crypto’ report for this year:
-New video on all things airdrop-related from @KryptoCove:
-Excellent new crypto/macro livestream from @noahseidman:
-New panel discussion/debate on $TAO/Bittensor from Delphi Digital:
-Excellent new interview with macro gigabrain Tony Greer @TgMacro from @Blockworks_:
-New roundtable from the gents at @0xResearch on the coming Hyperliquid airdrop and a variety of other defi topics:
-Parting wisdom from @BaroOdyssey via @QuotableCrypto:
Conclusion
Have a great Thursday and stay alert out there friends!
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.