Happy Wednesday and Happy FOMC + CPI Day good degens!
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 @CryptoBubbles24):
Gold: $2330.40
Oil (WTI): $78.82
US 10Y Treasury: 4.396%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Take note friends! @vertex_protocol has announced their newest deployment!
As seen in the tweet below, Vertex is now live on @0xMantle, providing all Mantle-enjoyers access to 40+ perps and spot markets, utilizing Vertex’s revolutionary new cross-chain liquidity system Edge!
This announcement comes on the back of a bunch of other cool stuff Vertex has rolled out lately, including their new ‘Buyback & Burn’ program, their new fiat on/off ramping integration with @transak, and a new upgraded referral system!
And as always Vertex is our Official Sponsor so if you are an active trader then make sure to get started with them now at app.vertexprotocol.com! And make sure to follow them on Twitter for more updates as well!
Biggest TVL Movers + Else
Chains are mostly red today. Only top 50 chains green on all three timelines (daily, weekly, monthly) are Linea (#14), TON (#18), Bitlayer (#27), Scroll (#32), dYdX (#33), and Core (#49).
Protocols are also mostly red today. Only top 50 protocols green on all three timelines (daily, weekly, monthly) are Pendle (#5), Ethena (#11), Morpho (#19), and stUSDT (#44).
Here’s The Top 12 Chains By TVL (from @DefiLlama):
Here’s The Top Protocols By TVL (from @DefiLlama):
Here’s The Top 12 Entities By 24 Hour Fee Generation (from @DefiLlama):
Ethereum Fear/Greed Index:
(from @EthereumFear)
Top Trending Tokens:
(from @dexscreener - 24 hour timeframe)
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 @Onchainkit. Twitter bio states “A kit to make building onchain easy for everyone. Made with love @coinbase . Feel free to DM us with any questions, or mention us with your app using OnchainKit.” Followed by 4 of our mutuals. h/t @AresLabs_xyz:
-Something new called @FlayerApp. Twitter bio states “A new wind is blowing.” Followed by 8 of our mutuals. h/t @AresLabs_xyz:
-Something new called @QioLabs. Twitter bio states “The first social application with blockchain technology in Apple Vision Pro”. Followed by 7 of our mutuals. h/t @AresLabs_xyz:
-New liquid-staking protocol on Endurance chain called @CatalistFinance has been added to @DefiLlama. Twitter bio states “The 1st Liquidity Staking Protocol on the #Endurance ♠️⛓. Staking your $ACE in the easiest way with Catalist! Stack'em!” Followed by 1 of our mutuals.
-New lending protocol on Taiko called @Hana_Finance has been added to @DefiLlama. Twitter bio states “The leading decentralised liquidity market on @taikoxyz 🥁”. Followed by 2 of our mutuals.
-Previously-mentioned restaking protocol on ETH Mainnet called @symbioticfi has been added to @DefiLlama. Twitter bio states “Permissionless restaking”. Followed by 112 of our mutuals.
-New launchpad on Aptos called @MoveGPT has been added to @DefiLlama. Twitter bio states “The Most Trusted #Move Launchpad on @aptos”. Followed by 2 of our mutuals.
-New dex on Scroll called @chadfinancexyz has been added to @DefiLlama. Twitter bio just has a Discord link. Followed by 2 of our mutuals.
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (all types, $10M+ TVL) and @stable_fish - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Security Alerts
-Security alert from @WuBlockchain:
Important News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-Big day in macro, with both new CPI (inflation) report coming out and FOMC (Fed rate decision) today, h/t @DaanCrypto:
-Macro thoughts/update from @zerohedge:
-@RaoulGMI and @dunleavy89 on ETF flows:
-Majority of alts are down considerably from February/March highs, h/t @0xMughal:
-Ongoing debate over specifics of zkSync airdrop, example of positive sentiments regarding it from @post_polar_:
-Interesting L2 stats from @defi_mochi:
-Trump crypto arc continues to ratchet up, h/t @0xjaypeg and @News_Of_Alpha:
-Market thoughts from @0xSisyphus:
-Market thoughts from @resdegen:
-@CryptoKoryo alt indicator at ‘Sell your house’ (to buy alts) level, h/t @crypto_condom:
-Additional headlines c/o @Cprinze_:
-New video on everything airdrop related from @KryptoCove:
-New @BanklessHQ video on ETH ETF’s and their implications:
-Parting wisdom from @santiagoroel:
Conclusion
Happy Wednesday friends! 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.
