Happy Friday good degens!
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):
Gold: $2640.80
Oil (WTI): $71.68
US 10Y Treasury: 3.736%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Once again good anons, @vertex_protocol is launching on Base!!!
As outlined in the article below:
“Originally launched on Arbitrum in April 2023, Vertex has rapidly gained traction amongst an increasingly competitive DEX landscape. To date, Vertex has facilitated over $110 billion in trading volume across spot and perpetual markets.
Vertex is a hybrid DEX featuring a Central Limit Order Book (CLOB) fused with an Automated Market Maker (AMM), offering blazing-fast trading speeds and a vertically integrated product suite spanning… Spot Trading… Perpetual Markets… [and] Money Markets…”
Learn more about the Base deployment in the article below! And get started trading now at app.vertexprotocol.com and make sure to follow Vertex on Twitter for more updates!
Biggest TVL Movers + Else
Chains are extremely green today. Fastest-growing chains on the daily with at least $10M TVL are IoTeX, Neutron, Sei, Sui, and Celo.
Protocols are also extremely green today. Fastest-growing protocols on the daily with at least $10M TVL are Manta MYield, Shade Protocol, Increment Finance, Mimo, and Astherus.
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)
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 @SorellaLabs. Twitter bio states “Creating sustainable on-chain markets”. Follow by 111 of our mutuals. h/t @vance_fi:
-Something new called @GraniteBTC. Twitter bio states “Granite is the safest way to borrow against your Bitcoin. No rehypothecation, soft liquidations, offline position tracking. NEVER SELL 🪨”. Followed by 4 of our mutuals. h/t @twindoges:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (single-exposure, no-IL, $1M+ TVL only) - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Security Alerts
-Security alert from @PeckShieldAlert:
Important News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-Mainstream attention picking up as rate-cutting cycle begins, h/t @DylanLeClair:
-Bitcoin TA from @DaanCrypto:
-We are now at 26% of altcoins having outperformed Bitcoin over the last 90 days, up from just 10% a month ago, h/t @NPC_68:
-Recent performance stats for 2024 coins, h/t @thedefivillain:
-Seeing numerous urgings of caution re: using TG bots on the TL, example c/o @crypto_condom:
-Additional headlines c/o @0xSalazar:
-Interesting GameFi observation from @dunleavy89:
-$TAO getting a lot of attention on the TL as Vitalik mentions it in Singapore and Barry Silbert bullposts about it:
-Important security reminder from @Picolas_Caged to be hypervigilant re: work offers in Twitter dm’s and etc:
-Very well-done research report on prediction markets with focus on Polymarket and Azuro, from @castle__cap:
-Important reminder from @chiefingza:
-Live roundtable from @Unchained_pod:
-Video on the defi protocol Tokemak, which has recently re-invented itself and is generating attention again, from @Ceazor7:
-Parting wisdom from @nic__carter:
Conclusion
Happy Friday lads and ladettes 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.