Happy Saturday friends! 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):
Total Crypto Market Cap: $2.44T
Gold: $2736.40
Oil (WTI): $69.22
US 10Y Treasury: 4.083%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Once again good degens - election markets are now live on @vertex_protocol!
Users can now bet on the outcome of the 2024 US Presidential Election and trade the likelihood of Trump vs Harris winning!
“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…”
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. Top 25 chains red on the weekly are Tron (#2), Arbitrum (#6), Sui (#8), Scroll (#11), Optimism (#14), TON (#20), and PulseChain (#22).
Protocols are mostly green today as well. Only top 25 protocols red on the weekly are JustLend (#7), Curve Finance (#15), and JustStables (#20).
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 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 @RideDEX. Twitter bio states “Next Gen Meme Platform”. Followed by 4 of our mutuals. h/t @AresLabs_xyz:
-Previously-mentioned new project @Truemarketsorg has been added to @DefiLlama (categorized as a prediction market on Base). Twitter bio states “News through markets. Bounties on truth. Trade global events 24/7”. Followed by 28 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
-No security alerts today.
Important News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-AI and memes still dominating narrative mindshare, h/t @sandraaleow:
-@based16z on AI/memecoin confluence and emergent meta:
-Long-form esoteric giga-take on the above from @redphonecrypto:
-(Related) new memecoin $GNON is pumping, h/t @Tyler_Did_It:
-S&P 500 up 38% in the last year, h/t @charliebilello:
-Aerodrome volumes keep growing, h/t @Dynamo_Patrick:
-Gold continues surging through price discovery, h/t @truflation:
-Random bits of alfa/things to look into more, from @0xGeeGee:
-The macro Bitcoin bull case h/t @Matt_Hougan:
-Interesting cycle/meta/strategy analysis c/o @alphawifhat:
-Wisdom from @pillheaddd:
-New episode of @0xSteadyLads podcast discussing $GOAT/@truth_terminal, AI, prediction markets, and other topics - featuring @TaikiMaeda2, @gametheorizing, and @JustinCBram:
-Great new crypto/macro livestream from @noahseidman:
-New episode of @0xResearch podcast featuring @icebergy_, @salveboccaccio, and @_tolks:
-Parting sentiments c/o @Grantblocmates:
Conclusion
Happy Saturday friends and don’t forget to touch some grass today!
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.