Happy Wednesday friends! Let’s get after it!
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: $2354.30
Oil (WTI): $82.77
US 10Y Treasury: 4.433%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
@0xMantle’s ‘Metamorphosis’ Season One is now live, and @InitCapital_ is at the heart of it!
As you likely know, Mantle is one of the hottest new ETH L2’s, and now the 20th largest chain by TVL, and Init Capital is providing some of the best ways to take advantage of the opportunities that are abounding within the Mantle ecosystem!
As a result, would highly encourage you to take careful note of the details in the below tweet if you are a points-enjoyoor and/or yield enthusiast!
We have been helping raise awareness about everything the team at Init has been cooking up, so make sure to check out this thread to learn more about them and follow them on Twitter for continued updates!
Biggest TVL Movers + Else
Chains are mostly red today. Only top 30 chains green on the daily are Solana (#4), and Cardano (#29).
Protocols are mostly red today. Only top 30 protocols green on the daily are Ethena (#10), JustStables (#24), Marinade (#26), Kamino (#28), and Raydium (#29).
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):
Here’s The Top 12 Dex’s By 7 Day Volume (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!)
-New project called @thesendcoin. Twitter bio states “A community token powering the Blinks Ecosystem on @Solana”. Followed by 15 of our mutuals. h/t @twindoges:
-New project called @Futa_Finance. Twitter bio states “Memes as public goods”. Followed by 3 of our mutuals. h/t @twindoges:
-Something new called @ValantisLabs. Twitter bio states “The modular exchange protocol.” Followed by 37 of our mutuals. h/t @AresLabs_xyz:
-Something new called @SuperBoring_xyz. Twitter bio states “The most powerful streaming DEX, powered by @superfluid_hq. Launching to whitelisted addresses this week.” Followed by 3 of our mutuals. h/t @AresLabs_xyz:
-Something new called @BuzEconomy. Twitter bio states “The future of social media, Web3 and AI beckons—ripe with opportunities.” Followed by 3 of our mutuals. h/t @AresLabs_xyz:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama ($1M+ TVL, single-exposure, no-IL only) - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Security Alerts
-Bittensor/$TAO suffered some kind of attack over the last 24 hours, h/t @CoinDesk:
Important News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-Prices are down this morning:
-Jerome Powell made a number of interesting comments yesterday that were widely interpreted as dovish:
-Following Vitalik tweet about prediction markets and community notes generated massive attention:
-(Related) @Polymarket continues to gain ground and catalyze discussion:
-@pumpdotfun also generating much attention, beating out Ethereum for the top spot in crypto fee generation yesterday, h/t @alpha_pls:
-Lots of big raises continuing to be announced, h/t @sandraaleow:
-Latest headline/ticker alfa from @0xSalazar:
-Increasing signs of stress in US multifamily real estate:
-Much talk on the TL about Aave’s positive numbers as of late, h/t @tokenterminal:
-Excellent deep dive on TON from @Prithvir12 (click to read full thread):
-@Fiskantes on crypto and VC investing:
-New @ThorHartvigsen video on question of ‘Is Airdrop Farming Dead?’:
-New interview with Ryan Selkis @twobitidiot from @theempirepod:
-New video featuring Mike Dudas and Carl Vogel from @0xResearch:
-Parting wisdom from @jessewldn:
Conclusion
Happy Wednesday friends! Stay alert out there!
And please RT/subscribe/etc if you found this valuable!
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Note
Attention on-chain tradoors! The second round of the @vertex_protocol trading competition is now live!
These competitions are on new ETH L2 @0xMantle, which Vertex has recently deployed on!
This is the second of 5 rounds of six day competitions, with one day breaks in between, a total prize pool of 100K MNT, and the 50 top traders winning a share of 20K MNT each round!
>>> Click here to get started with the trading competition now! >>>
And as always Vertex is our Official Sponsor so make sure to get started with them now for stellar yields and 40+ perps & spot markets on their site at app.vertexprotocol.com! And make sure to follow them on Twitter for more updates!
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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.
