Happy Wednesday friends! Some absolutely brutal price action today and all sorts of stuff going on!
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: $2507.20
Oil (WTI): $70.12
US 10Y Treasury: 3.821%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
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Read the Vertex Gazette below to get all the newest news and alfa relative to Vertex and the broader @EdgeLayer ecosystem… visit the Vertex site at app.vertexprotocol.com… and make sure to follow them on Twitter for more updates!
Biggest TVL Movers + Else
Chains are extremely red today. Only top 50 chains green on the daily are dYdX (#29), Merlin (#32), and BSquared (#39).
Protocols are also extremely red. Only top 50 protocols green on the daily are Venus (#17), Morpho (#23), Ondo Finance (#41), and BlackRock BUIDL (#44).
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 @puffpaw_xyz. Twitter bio states “Vape 2 quit smoking and earn on @berachain”. Followed by 73 of our mutuals. h/t @0xMughal:
-Something new called @purityfinance. Twitter bio states “Purify your wallet in one click.” Followed by 3 of our mutuals.
-New liquid-staking protocol on @KaiaChain called @LairFinance has been added to @DefiLlama. Twitter bio states “The first decentralized liquid staking on @KaiaChain”. Followed by 1 of our mutuals.
-New launchpad on TON called @gaspump_tv has been added to @DefiLlama. Twitter bio states “⛽ Launch a coin that is instantly tradeable for under $2 in one click (like pump fun, but on TON). Telegram native. Earn $GAS XP now!” Followed by 10 of our mutuals.
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (all types, $20M+ TVL) - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Security Alerts
-@Penpiexyz_io has apparently been exploited:
Important News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-Crypto absolutely battered over the last 24 hours, h/t @coingecko:
-Stocks battered as well:
-Nvidia apparently facing some regulatory headwinds and especially battered, h/t @zerohedge and @kellyjgreer:
-Some legit alfa from @samoa_joes on the EigenLayer airdrop:
-Interesting story re: zkSync apparently engaging in layoffs, h/t @WuBlockchain:
-Update on Canto, also h/t @WuBlockchain:
-Notable YTD stats, from @0xjaypeg:
-Interesting data + thoughts from @jake_pahor:
-Current defi thoughts/overview/alfa from @puntium:
-Interesting thoughts from @redphonecrypto, catalyzed by article from @Travis_Kling that generated a lot of attention yesterday:
-Bitcoin defi discussion from new episode of @blocmatesorange featuring @jediblocmates interviewing @redvelvetzip:
-New episode of @thebellcurvepod with @MikeIppolito_ talking with @QwQiao and @imrankhan:
-New airdrop guide from @KryptoCove:
-Parting sentiments from @santiagoroel:
Conclusion
Have a great Wednesday and hang in there friends!
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.