Happy Wednesday friends! Lots of stuff going on!
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: $2366.50
Oil (WTI): $80.45
US 10Y Treasury: 4.564%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Attention yield enjoyoors! @vertex_protocol just made their most recent rewards distribution of $USDC to $VRTX-stakers!
Here are all the stats!
Staking Rewards Calculation (Prev. 7 Days) 🧮
Total Fees: 286,700 USDC
Maker Rebates: 65,674 USDC
Gas Cost: 8,569 USDC
Edge Credit: 67,281 USDC
Edge Debit: 32,029 USDC
Net Revenue: 247,708 USDC
Staking Distribution: 123,854 USDC
Once again, Vertex is our Official Sponsor, so make sure to follow them on Twitter for more updates and visit their site now to get started trading and/or earning stellar yields like those detailed above! :)
Biggest TVL Movers + Else
Chains are mixed today. Biggest gainer on the weekly among top 30 chains is Fantom (#30) at +53.09%, and biggest loser is Kava (#28) at - 8.47%.
Protocols are mixed today as well. Biggest gainer on the weekly among top 100 protocols is Synapse (#87) at +36.43%, and biggest loser is BounceBit LSD (#71) at -13.90%.
Here’s The Top 12 Fastest-Growing Chains By TVL On The Weekly With At Least $100M TVL (from @DefiLlama):
Here’s The Top 12 Fastest-Growing Protocols By TVL On The Weekly With At Least $100M TVL (from @DefiLlama):
Here’s The Top 12 Entities By 24 Hour Revenue Generation (from @DefiLlama):
Top Trending Tokens:
(from @dexscreener - 24 hour timeframe)
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 @DeworkerAI. Twitter bio states “A decentralized AI worker network for creators to train, publish, maintain, and earn from AI workers.” Followed by 3 of our mutuals. h/t @AresLabs_xyz:
-New project called @pwdr_finance. Twitter bio states “Liquidity Layer for RWA on @solana”. Followed by 4 of our mutuals. h/t @AresLabs_xyz:
-New dex on Taiko chain called @RitsuProtocol has been added to @DefiLlama. Twitter bio states “A based decentralized exchange #DEX on Taiko @taikoxyz Swap and earn with hyper efficiency and seamless experience”. Not followed by any of our mutuals but has 187k TVL.
Security Alerts
-Security alert from @PeckShieldAlert:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama ($10M+ 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)
-More crypto-related headlines out of Trump campaign:
-More Trump-related memecoins also seeing success + resulting excitement, example below from @crypto_condom:
-Update re: all the Mt Gox funds discussion from yesterday, h/t @MagicalTux:
-Tickers news/alfa from @0xSalazar:
-@pumpdotfun launches livestreaming, h/t @viraxbt:
-Lot of talk on the TL about new wallet-identification and identity-doxxing AI tech lately, sample re: the former from @Jason_Yanowitz:
-Significant token unlocks to be aware of this week, h/t @Dynamo_Patrick:
-Thoughts on the new Iggy Azalea memecoin stuff from @gammichan:
-Related thoughts from @cburniske:
-New deep dive thread on $RENDER from @jake_pahor:
-New thread on $PRIME and $PROMPT from @HFAresearch:
-CT’s own @pythianism on Bloomberg yesterday:
-Latest airdrop news/alfa from @KryptoCove:
-New interview with EigenLayer’s @sreeramkannan from @thebellcurvepod:
-Parting thoughts from @0xjustify:
Conclusion
Have a great Wednesday and stay hypervigilant out 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.
