The Daily Degen- October 26th, 2024
All of today's news/data/alerts..
Happy Saturday friends! Tradfi closed but crypto never sleeps!
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: $2.37T
Gold: $2760.80
Oil (WTI): $71.78
US 10Y Treasury: 4.242%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Once again good degens, we highly recommend watching the below interview with @vertex_protocol co-founder @DariusTabai from the Exit Liquidity podcast!
The interview is conducted by @exliquidity co-hosts @cedosalah and @cryptoaioli, and goes into all sorts of info regarding Darius’s background, Vertex lore + alfa, and a ton of gigabrain discussion regarding the overall defi/perps/crypto landscape!
And- as always- Vertex currently offers over 50 different perps and spot markets utilizing a state of the art cross-chain liquidity infrastructure of their Edge system @EdgeLayer, as well as all sorts of yield-maxxing possibilities including real yield in $USDC for $VRTX-stakers! Make sure to visit the Vertex site at app.vertexprotocol.com to get started, and follow them on Twitter for more updates!
Biggest TVL Movers + Else
Chains are mostly red today. Only top 25 chains green on all three timelines (daily, weekly, monthly) are Solana (#3), Hyperliquid (#12), and Gnosis (#25).
Protocols are mostly red today as well. Only top 50 protocols green on all three timelines (daily, weekly, monthly) are Ethena (#10), Spark (#11), Solv Protocol (#37), and Paxos Gold (#48).
Here’s The Top 12 Fastest-Growing Chains By TVL On The Weekly With At Least $100M TVL (from @DefiLlama):
Here’s The Top 12 Fastest-Growing Protocols By TVL On The Weekly With At Least $100M 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 project called @KyrosFi. Twitter bio states “Liquid (Re)staking protocol enabling uncapped yield on Solana.” Followed by 6 of our mutuals. h/t @tradetheflow_:
-New project called @thorn_protocol. Twitter bio states “Swap, earn, and build on the leading decentralized crypto trading protocol.” Followed by 3 of our mutuals.
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (single-exposure, no-IL, $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)
-@luna_virtuals continues to dominate the TL, h/t @ethermage:
-More info on the above c/o @hmalviya9:
-Morning headline curation from @Tyler_Did_It:
-Gold continues to diverge from historical correlation with bonds and the dollar, h/t @zerohedge:
-Vitalik in the trenches:
-Some apparently unfounded Tether fud (denied by Tether CEO Paolo Ardoino) made headlines yesterday, h/t @CryptoKaduna and @WatcherGuru:
-Dex to cex volume ratio is back at all-time high’s, h/t @TheDeFinvestor:
-Latest real-time inflation data from @truflation:
-Great new thread on crypto/AI and its implications for both crypto and society itself from @redphonecrypto:
-New podcast called ‘Moon Math’ featuring a panel of @phtevenstrong, @Dynamo_Patrick, and @Jesseeckel (click tweet to view full video):
-New video from @sandraaleow on @luna_virtuals (click to watch video in full):
-New crypto/macro video from @Blockworks_ featuring @qthomp and @fejau_inc:
-Good new interview with @pmarca from a couple days ago:
-New @Blocmatesdotcom roundtable on everything going on in crypto:
-Parting sentiments c/o @AgentChud and @IamNomad (original screenshot from our wonderful green frok friend @inversebrah):
Conclusion
Have a great Saturday friends and don’t forget to touch some grass this weekend!
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.