Happy Wednesday friends! Lots of stuff going on!
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):
Gold: $2680.70
Oil (WTI): $72.16
US 10Y Treasury: 3.806%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Important airdrop alfa from our friends at @LynexFi good anon!
@OcelexFi is going to be reserving 45% of their coming airdrop for the Lynex community!
Here is the quick bit of alpha from the tweets/articles you can find below:
“Given the strong relationship between Lynex and Ocelex, 45% of the airdrop is allocated for $veLYNX holders.
Eligibility Criteria:
-A minimum one-year lock on $veLYNX.
-Airdrop amounts are proportional to voting power, not simply the size of $veLYNX. The longer the lock, the higher the voting power, leading to larger airdrop rewards.
Note: The snapshot for eligibility has not yet been taken and will occur closer to the launch. Stay engaged to ensure you qualify!”
As background, 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!
Learn more about the above-noted opportunity by clicking the tweet below, check out the Lynex site here, and make sure to follow them on Twitter for more updates!
Biggest TVL Movers + Else
Chains are quite red today. Only top 50 chain green on all three timelines (daily, weekly, monthly) is BSquared (#39).
Protocols are also quite red today. Only top 50 protocols green on all three timelines (daily, weekly, monthly) are Raydium (#28), Ondo Finance (#38), and Paxos Gold (#43).
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 $100M TVL (from @DefiLlama):
Here’s The Top 12 Entities By 24 Hour Fee Generation (from @DefiLlama):
Bitcoin Fear/Greed Index:
(from @BitcoinFear)
Chart Of The Day
(Courtesy of our Official Sponsor @vertex_protocol)
-$SUI has everyone quite bulled up as of late! Do you think its ripe to fade or is it on track to keep surging?!? Express your thesis via spot or leverage now with Vertex and access 50+ other markets as well at app.vertexprotocol.com!
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 @Yay_Global. Twitter bio states “Welcome to the Future of SocialFi Building on @Soneium”. Followed by 16 of our mutuals. h/t @MingoAirdrop:
-Something new called @FuseEnergyHQ. Twitter bio states “Building a fully integrated renewable energy giant. Also building a decentralised renewable energy network with @projectzero2050”. Followed by 19 of our mutuals. h/t @Grantblocmates:
-Something new called @bookprotectors. No Twitter bio and seems mysterious but is followed by 18 of our mutuals so including it. h/t @Grantblocmates:
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)
-New Bitwise XRP ETF filing is generating much attention, h/t @NateGeraci:
-US port strikes continue to be much-discussed in macro circles:
-Bullish headlines from Japan, h/t @zerohedge:
-Hyperliquid volumes surging, h/t @NPC_68:
-September Bitcoin mining revenue was the lowest for the past year and transaction fees were their lowest since March 2023, h/t @WuBlockchain:
-Additional headlines from @0xSalazar:
-Interesting info on recent fundraising c/o @OnchainOutpost:
-Interesting chart from @blocmatesnews:
-New investigative report from @skesslr at @coindesk on extent of North Korean infiltration of crypto space (click for rest of thread + link to article):
-Good new airdrop thread from @katexbt:
-Valuable investing thoughts from @thedefiedge:
-New interview with Jordi Alexander @gametheorizing from @JasonYanowitz at @theempirepod:
-Interview with @MustStopMurad from @JackNiewold:
-New @Unchained_pod interview discussing $TAO/Bittensor featuring @JosephJacks_:
-New macro interview from @JackFarley96 with Harley Bassman:
-Parting crypto-applicable wisdom from @cheguevoblin:
Conclusion
Happy Wednesday friends! Stay alert 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.