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: $2.4T
Gold: $2760.80
Oil (WTI): $71.78
US 10Y Treasury: 4.242%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Take note friends! The initial soft pre-mining phase at @OcelexFi is now live!
As background, Ocelex is a franchise expansion of @LynexFi on Zircuit!
Lynex is a ve(3,3) dex and one of the largest protocols on Linea, and we’ve been helping bang the drum about everything they are doing, including this new Zircuit expansion!
To quote from them directly:
“Ocelex aims to become the native liquidity layer of Zircuit, enhancing liquidity provisioning and capital efficiency. With support for a wide range of assets, Ocelex is positioned to lead the decentralised finance space on Zircuit…”
To get all the details on how to benefit from the Ocelex pre-mining phase in anticipation of their upcoming TGE, check out the tweet below or the full article here!
Biggest TVL Movers + Else
Chains are mixed today. Biggest gainer on the daily among top 25 chains is Solana (#2) at +11.62%.
Protocols are also mixed today. Biggest gainer on the daily among top 50 protocols is Jito (#13) at +4.11%.
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 Fee Generation (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!)
-Something new called @fragmetric has been added to @DefiLlama (categorized as a liquid-staking protocol on Solana). Twitter bio states “Liquid (Re)staking on Solana | Stake twice, Earn more.” Followed by 35 of our mutuals.
-Something new/newish called @NestStaking has been added to @DefiLlama (categorized as an RWA protocol on ETH Mainnet). Twitter bio states “Native yield, powered by tokenised RWAs and crypto native assets - Built on @plumenetwork”. Followed by 8 of our mutuals.
-Something new called @slop_bot. Twitter bio states “@slop_coin AI agent posting AI generated memes using @heyglif by @fabianstelzer : memetic art experiment. slop is art - slop is yours - have fun”. Followed by 19 of our mutuals. h/t @DeFiMinty:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (all types, $20M+ 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)
-Quiet weekend but things are starting to get exciting with only 9 days til election, h/t @DaanCrypto:
-AI memecoin meta continues, h/t @Tyler_Did_It:
-Crypto watchlist for the week ahead, h/t @TheDeFinvestor:
-Top bridges by volume over last 30 days, h/t @CryptoRank_io:
-Solana coins continue to do well, h/t @DegenerateNews:
-Solana also dominating in 7 day dex volume, h/t @DegenerateNews:
-@QwQiao on $ETH’s continued underperformance:
-And (related) the Great Chain Debate continues:
-76 different stablecoin projects have a circulating supply of over $10 million at the moment, h/t @blocmatesnews:
-Trading/investing thoughts from @drakeondigital:
-Good sentiments c/o @mythG_:
-New interview with Base’s @jessepollak from @KevinWSHPod:
-Weekly macro overview from Joseph Wang @FedGuy12:
-New interview with @TaikiMaeda2 from @mrjasonchoi:
-New video from @0xMughal on the AI memecoin meta:
-Parting wisdom from @coltybrah:
Conclusion
Happy Sunday dear frogs! Stay hypervigilant out there!
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.