Happy Thursday 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: $2693.80
Oil (WTI): $67.85
US 10Y Treasury: 3.80%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
More video alfa from @vertex_protocol co-founder @DariusTabai!
He was just interviewed by @robbie_rollup from @therollupco all about Vertex’s new deployment on Sei…
They also discuss everything else that Vertex has been cooking… their massive omnichain expansion… plans for the future… and more - as well as general thoughts and observations on the state of our beloved on-chain brypto world!
And as always, take note that Vertex offers over 50 different perps and spot markets, utilizing a state of the art cross-chain liquidity infrastructure via their Edge system @EdgeLayer! In addition, yield maximalists can also stake VRTX to benefit from both ‘RealYield’ paid in USDC and the official VRTX buyback & burn program!
Visit the Vertex site now at app.vertexprotocol.com, and make sure to follow Darius on Twitter for updates + alfa!
Biggest TVL Movers + Else
Chains are mixed today. Top 30 chains up at least 20% on the weekly include Aptos (#15), Near (#27), and Sei (#30).
Protocols are mixed today. Top 100 protocols up at least 20% on the weekly include Base dex Aerodrome (#32), Aptos dex Aries Markets (#89), and Aptos liquid-staking protocol Amnis Finance (#98).
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):
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 @ArbiterFinance. Twitter bio states “Revolutionizing DeFI via PEV Optimization”. Followed by 4 of our mutuals. h/t @twindoges:
-Something new called @inarinetwork. No Twitter bio. Followed by 5 of our mutuals. h/t @twindoges:
-New project called @funkichain. Twitter bio states “Funki is a playground for the next digital culture.” Followed by 3 of our mutuals. h/t @AresLabs_xyz:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (all types, $20M+ TVL only) - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Security Alerts
-Sadly @truflation has apparently been exploited, h/t @CyversAlerts:
Important News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-China stimulus continues to be dominant topic in macro:
-Crypto slowly eating away at tradfi rails, one bit of adoption at a time, h/t @solidintel_x:
-Two more similar stories also generating attention, h/t @DegenerateNews and @Cointelegraph:
-Hyperliquid continuing to generate massive attention, h/t @NMTD8:
-Just a few more days until CZ is released from prison, h/t @coingecko:
-Fascinating chart from @fejau_inc showing gold surged before Bitcoin during last Fed easing cycle (same thing it is doing currently):
-Upcoming unlocks to be aware of, h/t @CryptoStreamHub:
-Largest coins by market cap that launched since 2022, h/t @thedefivillain:
-Another big macro story suggesting oil prices may see further declines (which may also keep inflation down longer, etc):
-Additional headlines, c/o @0xSalazar:
-And more headlines, c/o @blocmatesnews:
-New interview with @MustStopMurad from @MikeIppolito_ at @thebellcurvepod:
-New @coinbureau video on the Fed rate cuts and nascent cutting cycle:
-New @TaikiMaeda2 interview with Aave founder @StaniKulechov:
-Parting wisdom c/o @alphawifhat:
Conclusion
Have a great Thursday and stay hypervigilant good frogs!
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.