The Daily Degen- June 26th, 2024

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: $2325.60

Oil (WTI): $81.27

US 10Y Treasury: 4.286%

Biggest Price Movers

(From @coingecko top 1000, by 24 hour change)

Spotlight

Important announcement for the gigabrain traders among our readership!

Don’t miss your chance to participate in @vertex_protocol’s new trading competitions on Mantle!

There are 5 rounds of six day competitions, with breaks in between, a total prize pool of 100K MNT, and the 50 top traders per round winning a share of 20K MNT each round!

The first round just started (June 25th at 16:00 UTC), and the second round will start on July 2nd at 16:00 UTC so make sure to enter with haste good anon!

And as always Vertex is our Official Sponsor so if you are an active trader then make sure to get started with them now and get access to 40+ perps & spot markets on their site at app.vertexprotocol.com! And make sure to follow them on Twitter for more updates!

Biggest TVL Movers + Else

Chains are mixed today. Top 30 chains up at least 20% on the monthly include TON (#13), Bitlayer (#20), and Scroll (#24).

Protocols are mostly green today. Top 100 protocols up at least 20% on the monthly include Ethena (#10), DeDust (#59), Solv Protocol (#64), STON(dot)fi (#72), ZeroLend (#73), and Mellow Protocol (#100).

Here’s The Top 12 Fastest-Growing Chains By TVL On The Weekly With At Least $10M TVL (from @DefiLlama):

Here’s The Top 12 Fastest-Growing Protocols By TVL 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)

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 @wontondotfun. Twitter bio states “Launch a coin in one click 🚀 For 0.08 TON (only 0.5$)🔥 Instantly tradable, Fair-launch 👑 Conquer the Telegram App 🐸”. Followed by 13 of our mutuals. h/t @AresLabs_xyz:

-Something new called @StarkSwirl. Twitter bio states “World's first fully decentralized, non-custodial privacy protocol on @Starknet using zk-STARKs to anonymize transactions and enhance confidentiality.” Followed by 2 of our mutuals. h/t @AresLabs_xyz:

-Something new called @pivotalprotocol. Twitter bio states “A DePIN Layer 2, powering the future of immersive experiences”. Followed by 3 of our mutuals. h/t @AresLabs_xyz:

Top Stablecoin Yields

(note: these are the top Stablecoin Yields, sourced from @DefiLlama ($10M+ TVL, single-exposure, and no-IL only) and @stable_fish - 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)

-Solana’s ‘Blinks’ announcement generated massive attention over the last 24 hours, h/t @MikeIppolito_ and @katexbt:

-The @Blast_L2 airdrop is set to commence in just a couple hours:

-Solana memecoin degeneracy is already back, h/t @DegenerateNews:

-@qthomp on alts:

-Additional headline/ticker alfa c/o @0xSalazar:

-A hopeful stat from @0xjaypeg:

-Interesting macro stat that California now has fewer tech jobs than it did pre-Covid:

-Market thoughts from @Prithvir12:

-Fantastic thread on AI x crypto from @redphonecrypto:

-Another extremely interesting thread, from @ZeMariaMacedo:

-Macro/cycle hypothesizing c/o @marcusmoles:

-New livestream from @ReveloIntel founder @NickDrakon with thoughts on market:

-Newest video on all things airdrop-related from @KryptoCove:

-New alfa-filled video from @blocmatesdotcom:

-Parting wisdom from @yvtweets c/o @QuotableCrypto:

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.

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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