Happy Wednesday 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):
Total Crypto Market Cap: $2.4T
Gold: $2746.70
Oil (WTI): $70.79
US 10Y Treasury: 4.246%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Take note friends! Sei Season 3 rewards are live on @vertex_protocol!
Perps-enjoyoors can earn a share of two million SEI tokens by trading via Vertex on Sei!
Here’s the details!
- Start Date = Wednesday, October 23rd 2024
- Duration = 4 weeks
- Rewards = 500k SEI tokens per week.
- Eligibility = Every taker trader
Vertex currently offers over 50 different perps and spot markets available across the defi-verse utilizing their state of the art @EdgeLayer architecture - so make sure to visit the Vertex site at app.vertexprotocol.com to get started trading now and follow them on Twitter for more updates!
Biggest TVL Movers + Else
Chains are mixed today. Top 50 chains up at least 10% on the weekly include Aptos (#19), and Core (#16).
Protocols are also mixed today. Top 100 protocols up at least 10% on the weekly include Avalon Labs (#48), Hashnote USYC (#62), Corn Kernels (#63), Usual Money (#64), Polymarket (#80), Solayer (#80), and Binance Staked SOL (#99).
Here’s The Top 12 Fastest-Growing Chains By TVL On The Weekly With At Least $10M TVL (from @DefiLlama):
Here’s The Top 12 Fastest-Growing Protocols By TVL On The Weekly With At Least $10M TVL (from @DefiLlama):
Here’s The Top 12 Entities By 24 Hour Revenue 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/newish project called @m0foundation. Twitter bio states “M^0 is decentralized money middleware that allows institutions to issue cryptodollars.” Followed by 90 of our mutuals.
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)
-Memes continue pumping, h/t @TweetByGerald:
-@pumpdotfun introduces tokenized videos, h/t @DegenerateNews:
-Statements by Paul Tudor Jones on the inevitability of currency debasement and being long gold and Bitcoin are generating massive attention, h/t @JasonYanowitz:
-Restaked Bitcoin now over $1B TVL, h/t @Dynamo_Patrick:
-@pumpdotfun hinting at airdrop (more info in article quote-tweeted by @danblocmates below):
-Lot of attention on MakerDAO undoing its recent rebrand, good article on it below via @laurashin:
-Massive advances continue in AI video, h/t @AndrewCurran_ - dovetails with interesting thoughts from @pmarca in video linked further down that we could soon see AI agents using crypto to crowdfund AI movies (and using Twitter to coordinate decision-making on said films’ development):
-Additional headlines from @0xSalazar:
-Additional headlines from @blocmatesnews:
-Excellent article on crypto and marketing from @akachacolate:
-Extremely interesting new video from @pmarca and @bhorowitz from a16z discussing $GOAT/@truth_terminal:
-New video from @phtevenstrong:
-New video from @BanklessHQ on the ‘Ethereum Roadmap Wars’:
-Bullish sentiments via @_tolks:
-Parting wisdom from @NPC_68:
Conclusion
Happy Wednesday friends! Stay alert out there!
And please RT/subscribe/etc if you found this valuable!
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Note
The team at @silentdao_ is continuing to develop their revolutionary new on-chain privacy architecture… which is essentially meant to be a middleware privacy/encryption layer:
“Silent Protocol is building the ghost layer, a modular layer 1.5 providing compliant privacy built on the EZEE framework to become that structured playground for institutions and retail users that can provide compliant, secure and privacy preserving access to ethereum native and cross chain liquidity along with enabling access to applications.”
Our editor @rektdiomedes is helping bang the drum about everything @silentdao_ is working on, so make sure to follow them on Twitter for more updates and check out the great thread on them from @kenodnb below!
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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.