Happy Wednesday good degens! Lots of stuff going on!
Let’s dive in!
As always… 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: $2535.60
Oil (WTI): $67.32
US 10Y Treasury: 3.683%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Very important update from our Official Sponsor @vertex_protocol - who have just announced the new VRTX Vertical Program!
As detailed in the article linked in the tweet below:
“Vertex has experienced significant growth in both trading volume and protocol revenue since its launch on Arbitrum in April 2023. As organic liquidity across multiple chains expands, Vertex is transitioning to a more sustainable incentive model for VRTX – designed to foster long-term alignment with token holders and ecosystem participants.
The VRTX Vertical Program introduces a new chapter in tokenomics, with Stage 1 focusing on reducing VRTX emissions and refining incentives to encourage organic liquidity growth across several categories.
Driven by community feedback, Stage 1 represents the first step in a multi-phase rollout aimed at delivering impactful updates to the VRTX tokenomics.”
The rest of the details on the VRTX Vertical Program are contained in the article, so make sure to read it by clicking here now!
And, as always, make sure to visit the Vertex site now at app.vertexprotocol.com to access 50+ perps and spot markets and a wide variety of exquisite yield opportunities! And make sure to follow them on Twitter for more updates!
Biggest TVL Movers + Else
Chains are mixed today. Top 50 chains up at least 10% on the weekly include TON (#21), Core (#22), Pulsechain (#25), Sei (#33), and Fantom (#44).
Protocols are also mixed today. Top 100 protocols up at least 10% on the weekly include Pell Network (#73), PulseX (#83), Tonstakers (#87), and STON(dot)Fi (#96).
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 Fee Generation (from @DefiLlama):
Bitcoin Fear/Greed Index:
(from @BitcoinFear)
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 @bullx_io. Twitter bio states “#1 Advanced Dex Trading System backed by the Best 🤘 Sol, Blast, Base, BSC, TRON, ARB and more. Snipe, Copy Trade, Limit orders and more.” Followed by 69 of our mutuals. h/t @Defi_Finest:
-Something new called @fractal_bitcoin. Twitter bio states “Fractal is the only Bitcoin scaling solution that uses Bitcoin Core code itself to recursively scale unlimited layers on top of #Bitcoin.” Followed by 37 of our mutuals. h/t @twindoges:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (single-exposure, no-IL, $10M+ TVL only) - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Security Alerts
-Security alert from @lookonchain:
Important News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-CPI (inflation) data arrived, dominating discussions in macro land, h/t @KobeissiLetter:
-(Related) thoughts on the macro from @LDNCryptoClub:
-Lots of debate re: Polymarket in wake of Trump/Harris debate, h/t @resdegen:
-ENS domains now supported on PayPal and Venmo:
-Ethervista traction seeming to decline a bit, h/t @0xBreadguy:
-Update on Matic/Polygon token migration, h/t @tomwanhh:
-Some bullish statements from Coinbase’s Brian Armstrong are generating a lot of attention, h/t @wagmiAlexander and @matthew_sigel:
-Some project curation from @DeFiMinty:
-US private health insurance costs a potential crisis currently lingering under the surface, h/t @charliebilello:
-Some BTCfi airdrop info (click to read in full), h/t @defi_mochi:
-New @Dynamo_Patrick interview with @DeFi_Dad:
-New interview from @BanklessHQ with Ben Cowan @intocryptoverse:
-Parting wisdom from @blknoiz06:
Conclusion
Have a great Wednesday friends and 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.
