Happy Wednesday 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):
Gold: $2635.60
Oil (WTI): $75.68
US 10Y Treasury: 4.018%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Take heed good degens! We have another very cool update about our gigabrain friends at @Spiral_DAO :)
This one involves the first liquid locker for the @XAI_GAMES ecosystem… released by @Novadashio and powered by Spiral DAO’s infra + tech!
As explained in this Medium article on the above announcement:
“The XAI Network is a decentralized blockchain system designed specifically for Web3 gaming. It is powered by Arbitrum technology and developed by Offchain Labs…
When you lock your XAI into the Liquid Locker, you gain access to the entire XAI ecosystem’s staking pools, allowing you to choose the one that best fits your strategy and earn up to 120% APR…
By providing the infrastructure and support for the XAI Liquid Locker, Spiral DAO secures a 40% commission on all rewards generated through the locker. This strategic project cooperation strengthens Spiral DAO’s ecosystem by boosting the growth of the Spiral Treasury, which in turn enhances the backing of the SPR token…”
1M XAI is already locked, so make sure to learn more in the Medium article here and follow @Spiral_DAO on Twitter for more updates!
Biggest TVL Movers + Else
Chains are also mixed today. Top 50 chains up at least 40% on the monthly include Base (#6), Sui (#7), Aptos (#13), PulseChain (#17), Celo (#35), Fantom (#38), and BOB (#48).
Protocols are mixed today. Top 100 protocols up at least 40% on the monthly include Raydium (#25), Sanctum (#32), Navi Protocol (#59), PulseX (#66), Amnis Finance (#86), Cetus (#95), TruFin Protocol (#98), and Suilend (#100).
Here’s The Top 12 Fastest-Growing Chains By TVL On The Weekly With At Least $50M TVL (from @DefiLlama):
Here’s The Top 12 Fastest-Growing Protocols By TVL On The Weekly With At Least $50M TVL (from @DefiLlama):
Here’s The Top 12 Entities By 24 Hour Revenue Generation (from @DefiLlama):
Here’s The Top 12 Chains By 7 Day Stablecoin Inflow % (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!)
-New project called @bentobatch. Twitter bio states “Intent Transaction Layer to upscale blockchain efficiency. Using Batch for Cost-efficient, Convenient and Secure on-chain interaction. #OneClickAllSet 🪂” Followed by 9 of our mutuals.
-New project called @pyefinance. Twitter bio states “The Principle & Yield Exchange - Pye tokenized staked assets allowing stakers to forward sell their yield and buyers to purchase it at a discount.” Followed by 5 of our mutuals. h/t @AresLabs_xyz:
-Something new called @EtherWorldco. Twitter bio states “A new AMM standard that optimizes liquidity and strengthens global connections within EtherWorld ecosystem - Built on @Ethereum”. Followed by 5 of our mutuals. h/t @AresLabs_xyz:
-New yield aggregator on Sei called @Pit_Finance has been added to @DefiLlama. Twitter bio states “Yield Optimizer on @SeiNetwork. Audited by @Verichains…” Not followed by any of our mutuals but has over $10M TVL.
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (single-exposure, no-IL, $20M+ TVL only) - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Security Alerts
-No security alerts today.
Important News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-Analysis on altcoin sector from @DaanCrypto:
-Interesting stat from options land, h/t @dgt10011:
-Top crypto headlines c/o @blocmatesnews:
-Unclear regarding the exact details of this so do your own due diligence, but seeing a number of very smart accounts we follow tweeting about it, h/t @solidintel_x:
-Tons of discussion regarding impending Scroll airdrop on the TL, example screenshots below from airdrop gigachads @Picolas_Caged and @OlimpioCrypto:
-Bullish Bitcoin TA from @BobLoukas:
-$TAO and memecoins increasingly dominating attention/mindshare, h/t @sandraaleow and @_kaitoai:
-Interesting memecoin data + thoughts from @Nemi_0x:
-$TIA update from @NPC_68:
-Latest real-time inflation data from @truflation:
-Wise take from @santiagoroel:
-New @Unchained_pod episode with @skesslr and @tayvano_ on North Korean infiltration of web3 space:
-New episode of the DeFi Dojo Podcast from @phtevenstrong The Calculator Guy, covering a ton of geeky defi topics, as well as current alfa, news, security tips, and more:
-New episode of @theempirepod featuring @LoganJastremski:
-Parting wisdom c/o @LouisCooper_:
Conclusion
Have a great Wednesday good frogs and 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.