Happy Wednesday good degens! Things are heating up!
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: $2.53T
Gold: $2786.30
Oil (WTI): $68.22
US 10Y Treasury: 4.218%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Continued iteration from the gigachad crew at @vertex_protocol!
They have rolled out some cool new updates as part of stage three of the VRTX Vertical Program!
As detailed in the article linked in the tweet below:
“Stage 3 of the program enhances both token utility and long-term sustainability, with a key focus on supporting market makers, who are integral to Vertex’s Hybrid Orderbook-AMM design…”
The updates focus on enhanced rebates for market-makers, market-maker staking tiers, and additional improvements to liquidity optimization! The rest of the details are contained in the article, so make sure to read it by clicking here now!
And, as always, make sure to visit the Vertex site now at app.vertexprotocol.com to access 50+ perps and spot markets and a wide variety of exquisite yield opportunities! And make sure to follow them on Twitter for more updates!
Biggest TVL Movers + Else
Chains are mostly green today. Top-growing chains with at least $20M TVL on the weekly are Fuel Ignition, BSquared, and IOTA EVM.
Protocols are also quite green. Top-growing protocols on the weekly with at least $20M TVL are Contango, Alien Base, DeSyn Protocol, Bedrock, and Merchant Moe.
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 Fee 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 @NeriteOrg. Twitter bio states “The friendly fork of Liquity V2 on Arbitrum. Borrow yield-bearing USDN at an interest rate you choose.” Followed by 10 of our mutuals. h/t @AresLabs_xyz:
-Something new called @leaf_rollup. Twitter bio states “Fairness at Scale: The MEV-Free Layer 2 Revolution”. Followed by 4 of our mutuals. h/t @AresLabs_xyz:
-Something new called @escher_fi. Twitter bio states “shhhhhhhh 🤫.. soon, We adore chaos Power by @nomos_hq & @union_build”. Followed by 2 of our mutuals. h/t @AresLabs_xyz:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (single-exposure, no-IL, $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)
-Latest $BTC analysis from @DaanCrypto:
-$LUCE is the new hot memecoin of the day, h/t @Tyler_Did_It:
-Economic situation looking increasingly Weimar-maxxed, h/t @charliebilello:
-Bitcoin-dominance now at 60%, h/t @jake_pahor:
-Gold absolutely surging, h/t @zerohedge:
-Additional headlines via @blocmatesnews:
-Best and worst performing sectors this year, h/t @milesdeutscher:
-Crypto x AI synthesis continues marching on, h/t @Defi0xJeff:
-Bullish thoughts on MicroStrategy and potential Saylor buying positively impacting the Bitcoin price in near future (click to read in full) from @qthomp:
-Interesting pitch-deck thoughts for our readers for whom it is relevant, from @santiagoroel:
-New video of market/cycle analysis and etc, from @Jesseeckel:
-New video from @thebellcurvepod featuring Anatoly Yakovenko and Max Resnick:
-New @BanklessHQ video with Matthew Stephensen of Pantera Capital discussing AI-agent memecoins:
-New interview with macro gigabrain @LukeGromen from @menlobear:
-Wholesome encouragement from @juanaxyz00:
-Parting wisdom from @redphonecrypto via @QuotableCrypto:
Conclusion
Happy Wednesday friends! Enjoy the excitement!
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.