Happy Thursday 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):
Gold: $2664.70
Oil (WTI): $71.63
US 10Y Treasury: 3.821%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Take note friends! Stage 2 of the VRTX Vertical Program from @vertex_protocol is here!
As you’ll recall, Stage 1 contained all sorts of key upgrades and additional utility for the VRTX token, and Stage 2 has now added onto that!
As detailed in the article linked in the tweet below:
“We’re excited to usher in the next phase of the VRTX Vertical Program! Stage 2 features a fully revamped staking system that is poised to drive long-term growth and deliver rewards to the dedicated Vertex community...”
This includes:
-Auto-Compounding Rewards
-Immediate Access to Maximum Staking Rewards
-Flexible Unstaking Options
-Sustainable Rewards Model
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 red today. Biggest gainer on the weekly among top 30 chains is Pulsechain (#17) at +18.97%.
Protocols are also mostly red today. Biggest gainer on the weekly among top 100 protocols is Solv Protocol (#76) at +35.02%.
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!)
-Something new called @CryptoEternalAI. Twitter bio states “Our mission is to preserve humanity's most important creation — AI — and ensure it remains censorship-resistant, tamper-proof, and permissionlessly accessible.” Followed by 29 of our mutuals.
-Something new called @imemeonsol. Twitter bio states “Get exposure to a diversified basket of top memes while getting free allocations in newly launched memes for the most upside.” Followed by 5 of our mutuals.
-Something new called @Hyve_DA. Twitter bio states “High-throughput data availability for the high-performing decentralized applications”. Followed by 5 of our mutuals. h/t @AresLabs_xyz:
-Something new called @etherealdex. Twitter bio states “Next generation decentralized spot and perpetuals trading powered by USDe”. Followed by 25 of our mutuals. h/t @AresLabs_xyz:
-Something new called @mine_vorr. Twitter bio states “Mine your $ORE from your web”. Followed by 3 of our mutuals. h/t @AresLabs_xyz:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (single-exposure, no-IL, and $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)
-October price action off to a poor start, h/t @DaanCrypto:
-Global central banks continuing to look more and more dovish, h/t @qthomp:
-Interesting stat from @thedefivillain:
-New memecoins continuing to pop up and grab headlines, h/t @Tyler_Did_It:
-Top gainers off the recent lows are $SUI, $TAO, and $POPCAT, h/t @ScottPh77711570:
-Fantom dex volume is spiking but still vastly below the peak from last cycle, h/t @NPC_68:
-Latest US inflation data from @truflation:
-Token2049 observations from @KyleSamani:
-Popular tradfi brokerage InteractiveBrokers to offer Polymarket-style ‘Election Forecast Trading’, h/t @Shaughnessy119 and @qthomp:
-Additional headlines c/o @0xSalazar:
-Great thread on $TAO/Bittensor from @0xMughal:
-New video of crypto cycle thoughts/analysis from @Jesseeckel:
-Newest crypto/macro livestream from @noahseidman:
-New interview with Aave founder @StaniKulechov and MakerDAO founder @RuneKek:
-New roundtable discussion on everything crypto from @0xResearch podcast:
-New episode of ‘Magic Internet Money’ from @phtevenstrong The Calculator Guy discussing crypto/macro/life/etc:
-Parting (hopeful) sentiments from @SPCMandHOBBES:
Conclusion
Have a great Thursday friends and 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.