Happy Sunday 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: $2.46T
Gold: $2736.40
Oil (WTI): $69.22
US 10Y Treasury: 4.083%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Attention: The previously-mentioned @Infinit_Labs Rewards System is now live and users can begin collecting INFINIT stones!
“INFINIT Stones reflect your contributions and stake in INFINIT's Ecosystem…
To earn Stones, participate in DeFi activities such as lending, borrowing, or LPing across various DeFi primitives through INFINIT Ecosystem Protocols or the INFINIT website...”
Users can max out their stone collecting in a variety of ways, including interacting with a host of popular defi protocols including Pendle, Renzo, Symbiotic, and a bunch of additional ones as well!
To learn more, make sure to read the below thread in full, as it contains all the important details!
We have been helping the team behind @Infinit_Labs raise awareness about everything they have been building, so make to to 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 $10M TVL are BOB, Injective, and BSquared.
Protocols are also mostly green today. Fastest-growing protocols on the weekly with at least $10M TVL are multichain (EVM) derivatives protocol Contango, Aave (though believe this is a data error), BTC restaking protocol Lorenzo Protocol, Aptos lending protocol Echo Lending, and uncategorized Solana protocol Meteora.
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 Revenue Generation (from @DefiLlama):
Here’s The Top 12 Chains By 7 Day Stablecoin Inflow % (from @DefiLlama):
Bitcoin Fear/Greed Index:
(from @BitcoinFear)
Chart Of The Day
(Courtesy of our Official Sponsor @vertex_protocol)
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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 @PlasmaFDN. Twitter bio states “The execution environment for Payments, RWAs, and DeFi with trustless settlement on Bitcoin, driven by USD₮.” Followed by 12 of our mutuals. h/t @AresLabs_xyz:
-New project called @BeaconProtocol. Twitter bio states “Onchain orchestration of data for AI. Unlocking data sources for AI and ensuring everyone gets paid.” Followed by 4 of our mutuals. h/t @AresLabs_xyz:
-New project called @zerobasezk. Twitter bio states “Proving the world… Proof Generation? NP-EASY. Backed by @BinanceLabs @FactionVC @daofive”. Followed by 3 of our mutuals. h/t @AresLabs_xyz:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (single-exposure, no-IL, and $1M+ TVL only) - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Security Alerts
-No security alerts today.
Important News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-Bitcoin eyeing the 70k mark, h/t @DaanCrypto:
-Macro schedule for the week ahead, h/t @KobeissiLetter:
-@pumpdotfun launches ‘Pump Advanced’, h/t @WuBlockchain:
-Interesting @pumpdotfun stats c/o @sibeleth:
-ApeChain (as in Bored Apes, Yuga Labs, etc) has launched and is generating quite a bit of attention, h/t CryptoTHFC and @pure_patience:
-$APE coin has been pumping as a result, h/t @DegenerateNews:
-Crypto watchlist for the week ahead, h/t @TheDeFinvestor:
-SOL/ETH chart looking interesting, h/t @docXBT:
-Thoughts on the current memecoin meta + strategy, h/t @LarpVonTrier:
-Very interesting stat regarding gold from @LukeGromen:
-Extremely good long-form schizo-poasting on AI-memecoin stuff and larger significance and implications of it (click to read in full, below is only tiny sample of it), from @goodalexander:
-New interview with above-referenced @goodalexander on the same subject, from @TaikiMaeda2:
-Very interesting newly published interview on AI with Marc Andreesen @pmarca (note: was recorded before all this $GOAT/@truth_terminal stuff though but is still extremely interesting):
-Excellent new video from @Blockworks_ featuring @fejau_inc and @qthomp discussing the general macro + crypto picture and the implications of the upcoming election:
-Weekly macro overview from Joseph Wang @FedGuy12:
-Parting wisdom c/o @safetyth1rd:
Conclusion
Happy Sunday good degens! Start of another big week tomorrow lezgo!!!
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.