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: $2467.70
Oil (WTI): $77.89
US 10Y Treasury: 4.242%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Greetings good degens!
A new project called @MagnifyCash is having its LBP on @FjordFoundry!
“Magnify Cash is making history with the most community-centric Liquidity Bootstrapping Pool (LBP) ever held on Fjord Foundry, where 57% of the $MAG token supply will be initially pooled.
Led by Tytan.ETH and Digital Lawrence, two prominent members of the Pudgy Penguins community, Magnify Cash has received overwhelming support globally to build a platform that supports lending in any currency, against any collateral, on your own terms.
$MAG is Magnify Cash’s ecosystem token and accrues value through platform revenue sharing. It’s used for governance, ecosystem growth and incentives for community members, builders and power users.”
The LBP ends on 07/26 at 12:00 PM UTC so make sure to check it out if interested!
And to learn more about Magnify Cash, head to their Website, check out their Gitbook and follow them on Twitter!
Note: This Spotlight is part of our partnership with @TailoredWeb3 from our friend @JiraiyaReal!
Biggest TVL Movers + Else
Chains are mixed today. Fastest-growing chains on the weekly with at least $10M TVL are Mantle, Fraxtal, and Scroll.
Protocols are mixed today as well. Fastest-growing protocols on the weekly with at least $10M TVL are Mantle dex Agni Finance, TON/Base RWA protocol Cygnus Finance, and Scroll farm Pencils Protocol.
Here’s The Top 12 Chains By TVL (from @DefiLlama):
Here’s The Top 12 Protocols By TVL (from @DefiLlama):
Here’s The Top 12 Entities By 24 Hour Revenue Generation (from @DefiLlama):
Bitcoin Fear/Greed Index:
(from @BitcoinFear)
Chart Of The Day
(Courtesy of our Official Sponsor @vertex_protocol)
-$ETH ETF’s just went live anon! What are we thinking happens next?!? Express your thesis via spot or leverage and access 40+ other markets as well at app.vertexprotocol.com!
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 @StashOnBTC. Twitter bio states “The first immutable and non-custodial stablecoin built directly on Bitcoin. Powered by @opnetbtc”. Followed by 2 of our mutuals. h/t @AresLabs_xyz:
-New project called @sendit_higher. Twitter bio states “Arcade blinks for all Solana degens. Powered by $SEND”. Followed by 6 of our mutuals. h/t @AresLabs_xyz:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (all types, $1M+ TVL) - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Security Alerts
-No security alerts today.
Important News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-Summary of yesterday’s inaugural ETH ETF flows, h/t @JSeyff:
-Solana has flipped ETH Mainnet in 30 day dex volume, h/t @_ryanrconnor:
-Interesting Fed chatter, h/t @lisaabramowicz1:
-Summary of the dYdX saga of the last two days from @HsakaTrades:
-Chamath talking about Bittensor/$TAO:
-Latest real-time inflation data from @truflation:
-Update on Golem Foundation selling from @NPC_68:
-Additional headlines c/o @blocmatesnews:
-And more headline/ticker alfa c/o @0xSalazar:
-Interesting article from @goodalexander:
-Interesting post from @CryptoSm on the ongoing “VC’s vs memecoins” debate:
-New Farms Of The Week video from @TaikiMaeda2:
-New roundtable discussion from @thebellcurvepod:
-Parting sentiments c/o @tervoooo:
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.
