Happy Friday good degens! Another ETF approval in the bag!
Let’s dive in!
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: $2363.00
Oil (WTI): $76.72
US 10Y Treasury: 4.493%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Important new update from our friends at structured derivatives protocol @derivio_xyz - who are transitioning to their own dedicated chain!
As per their new article:
“In the dynamic and ever-evolving world of crypto, those who innovate and are not afraid to push boundaries end up ahead. At Derivio, we've been pioneers, relentlessly pushing the envelope and redefining the very fabric of onchain trading. Today, we're on the brink of an exciting new era — transitioning from our groundbreaking derivatives protocol, to Derivio Network. This bespoke network is tailored to augment Ethereum's capabilities, fully compatible with the Solana Virtual Machine (SVM), and optimized to deliver superior performance and efficiency.”
We’re helping spread the word about everything the Derivio team is up to, so make sure to follow them on Twitter for more updates and check out the below thread (or full article) to learn more about this important development!
Biggest TVL Movers + Else
Chains are mostly red today. Only top 30 chains green on all three timelines (daily, weekly, monthly) are Solana (#4), Aptos (#19), and TON (#26).
Protocols are mostly green today. Top 100 protocols up at least 50% on the weekly include Ionic Protocol, STON(dot)Fi, MorpheusAI, and LayerBank.
Here’s The Top 12 Fastest-Growing Chains By TVL Growth On The Weekly With At Least $10M TVL (from @DefiLlama):
Here’s The Top 12 Fastest-Growing Protocols By TVL Growth On The Weekly With At Least $10M TVL (from @DefiLlama):
Here’s The Top 12 Entities By 24 Hour Fee Generation (from @DefiLlama):
Bitcoin Fear/Greed Index:
(from @BitcoinFear)
Ethereum Fear And Greed Index
(from @EthereumFear):
Chart Of The Day
(Courtesy of our Official Sponsor @vertex_protocol)
-$MATIC is one of the most hotly-debated tokens in crypto… it is currently trending sideways after falling 40% from recent high’s… Have a thesis? Go long or short on it and access 30+ other perps and spots markets at app.vertexprotocol.com!
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 @splice_fi. Twitter bio states “Splice Finance - Fixed APR or Boosted Points; you choose Live on @ModeNetwork”. Followed by 10 of our mutuals. h/t @phtevenstrong:
-New project on Base called @WenwinOnBase. Twitter bio states “The decentralized lottery and gaming protocol. Built on Base. Win millions of USDC with your crypto 🍀🐈” Followed by 3 of our mutuals.
-New project called @dMarqtxyz. Twitter bio states “The First AI-Powered Decentralized Marketplace 🛍️ Coming Soon.” Followed by 4 of our mutuals. h/t @DeFiMinty:
-Something new called @Oracul_ai. Twitter bio states “A platform that utilizes cutting AI-techniques to provide live predictive signals and insights into various real world assets.” Followed by 4 of our mutuals. h/t @DeFiMinty:
-New protocol listed as a dex on Arbitrum, called @gast_btc, added to @DefiLlama. Twitter bio states “GAST is a pioneering decentralized finance (DeFi) platform known for its innovative approach to multi-chain yield aggregation.” Followed by 1 of our mutuals.
-New project categorized as a ‘Basis Trading’ protocol on a chain called ‘re.ai’ called @Arcana_Finance has been added to @DefiLlama. Twitter bio states “Tokenized delta-neutral trade strategies on re.al... arcana.finance...” Followed by 3 of our mutuals.
Security Alerts
-Important security alert from @0xngmi:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama ($1M+ TVL, single-exposure, no-IL only) and @stable_fish - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Important News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-The ETH ETF’s have been approved, with trading likely to start in July or August:
-Good summary of everything from @CamiRusso:
-$ETH price not popping yet:
-Bullish thoughts from @cburniske however:
-Overview of recent news from @alpha_pls:
-Additional news/alfa overview from @TheDeFinvestor:
-Renzo withdrawal question continuing to generate attention, h/t @DeFi_Made_Here:
-Interesting thoughts on memecoins from @BowTiedNightOwl:
-Investing wisdom from @OX_DAO:
-Interesting thread on marketing in on-chain crypto from @intern that has generated much discussion:
-Interesting thread on the legal side of Web3, from @wassielawyer:
-New @coinbureau video on Fantom:
-New weekly roll-up video from @BanklessHQ going over all the top stories in crypto:
-Latest update on all things airdrop-related from @KryptoCove:
-Latest episode of NFA Live:
-Parting wisdom h/t @TheFlowHorse:
Conclusion
Happy Friday lads and ladettes! Stay alert out there!
And please RT/subscribe/etc if you found this valuable!
-
-
-
-
***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.
