Happy Wednesday friends!
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: $2342.80
Oil (WTI): $81.40
US 10Y Treasury: 4.219%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Cool opportunity to take note of good readers!
@tradeonblitz - the sister protocol of our Official Sponsor @vertex_protocol- is doing a trading competition very much worth looking into!
As stated in the thread below:
“5 Days.
100 Winners.
100,000 USDB + 30,000 Blast Gold prize pool.
To Enter: Have an account value of $250 or more (deposit for new traders).
🏆 Rankings based on % PnL
💯 Top 100 traders earn prizes”
Learn more details in the @tradeonblitz thread below, and make sure to get started trading/lp’ing/staking with Vertex as well at app.vertexprotocol.com and follow them on Twitter for more updates!
Biggest TVL Movers + Else
Chains are mostly green today. Biggest gainer on the weekly among top 100 chains is Tezos at +109%, and biggest loser is Parallel at -41.09%.
Protocols are mostly green today as well. Biggest gainer on the weekly among top 100 protocols is TON dex DeDust at +33.46%, and biggest loser is ETH Mainnet services protocol MorpheusAI at -27.92%.
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 Fee Generation (from @DefiLlama):
Bitcoin Fear/Greed Index:
(from @BitcoinFear)
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 @opnetbtc. Twitter bio states “The ideal #Bitcoin metaprotocol”. Followed by 7 of our mutuals. h/t @AresLabs_xyz:
-New project called @RaizeClub. Twitter bio states “First On-Chain prediction market on @Starknet Earn from your opinions on politics, sports, pop culture, crypto, and more.” Followed by 3 of our mutuals. h/t @AresLabs_xyz:
-Previously-mentioned @timedotfun has been added to @DefiLlama, categorized as a SoFi protocol on Base. Again, Twitter bio states “What's your time worth? Live on @base. Backed by @alliancedao…” Followed by 105 of our mutuals.
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama ($1M+ TVL, single-exposure, no-IL only) - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Security Alerts
-No security alerts today.
Important News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-The LayerZero airdrop checker is now live:
-Crypto legend GCR made an extremely noteworthy return to the TL today, offering to bet up to $100M that the infamous new DJT token was not legit, and also offering commentary on the state of the market cycle:
-It appears Martin Shkreli was behind the DJT token that dominated crypto discussions the last two days:
-News from Japan is generating much attention in macro circles, h/t @zerohedge and @PaoloMacro:
-$BTC has now been rangebound for 112 days, h/t @0xjaypeg:
-@cobie shared skepticism regarding the r/r of projects doing airdrops right now, which generated much attention:
-Important reminder from @CoinbaseDuck re: upcoming Circle IPO (Circle is the company behind $USDC):
-Thoughts from @pythianism on Nvidia becoming the world’s most valuable company and where we are in the tradfi/crypto/etc cycle:
-$EIGEN is now live for pre-market trading on Coinbase, h/t @Tyler_Did_It:
-Positive sentiments from @santiagoroel:
-Additional headlines c/o @Cprinze_:
-New interview with macro gigabrain Mike Green @profplum99:
-New crypto news video from @coinbureau:
-Parting wisdom from @crypto_linn:
Conclusion
Happy Wednesday good degens! 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.
