Happy Sunday friends! Halfway through the month!
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: $2606.20
Oil (WTI): $68.76
US 10Y Treasury: 3.657%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
New update from the good gigabrains at @vertex_protocol!
They have just introduced a new Account Transfers feature…
This has a bunch of utility for traders in what it allows them to do, especially when combined with their Multiple Accounts feature as well…
Check out the below thread to learn all the details!
And, as always, Vertex offers over 50 different perps and spot markets, utilizing a state of the art cross-chain liquidity infrastructure via their Edge system @EdgeLayer! In addition, users can also stake VRTX to benefit from both direct yield paid in USDC and the official VRTX buyback & burn program!
Vertex is our Official Sponsor so check them out and get started now at app.vertexprotocol.com and make sure to follow them on Twitter for more updates!
Biggest TVL Movers + Else
Chains are pretty flat today. Top 25 chains up at least 10% on the weekly include Base (#6), Bitcoin (#14), TON (#19), Bitlayer (#22), Core (#23), and Pulsechain (#24).
Protocols are flat today as well. Top 100 protocols up at least 15% on the weekly include Sanctum (#32), Lisa DAO (#54), PulseX (#78), DeSyn Protocol (#83), Tonstakers (#87), and STON(dot)Fi (#91).
Here’s The Top 12 Top-Performing Chains By TVL On The Weekly With At Least $1M TVL (from @DefiLlama):
Here’s The Top 12 Top-Performing Protocols By TVL On The Weekly With At Least $1M 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!)
-Something new called @OzProtocol. Twitter bio states “The Open Data Access Network | Powering @sydintel”. Followed by 3 of our mutuals. h/t @twindoges:
-Something new called @MyriadMarkets. Twitter bio states “Prediction Markets that empower your insights and turn foresight into value. Ready to stake your reputation?” Followed by 16 of our mutuals. h/t @twindoges:
-New project called @AirmoneyDegn. Twitter bio states “Go beyond storage. DePIN degn device □ □ Redefining crypto hardware.” Followed by 8 of our mutuals. h/t @AresLabs_xyz:
-New project called @recessdotapp. Twitter bio states “coming soon”. Followed by 8 of our mutuals. h/t @AresLabs_xyz and @brianjckim:
-New project called @raadlabs. Twitter bio states “Deploying a distributed network of meteorological sensors by incentivizing individuals and businesses to purchase and host devices.” Followed by 5 of our mutuals. h/t @AresLabs_xyz and @Lempheter:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (single-exposure, no-IL, $1M+ TVL only) - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Security Alerts
-No security alerts today.
Important News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-Macro schedule for the week ahead (Fed interest rate decision on Wednesday):
-Lots of talk about TIA on the TL, h/t @cburniske and @crypto_condom:
-$TAO also generating a lot of attention, h/t @alpha_pls:
-More thoughts on Bittensor/$TAO from @apescanread:
-FTM/Sonic also lighting up the TL, h/t @blknoiz06:
-Overall stablecoin market cap continues slowly drift up, h/t @NPC_68:
-Bitcoin update from @DaanCrypto:
-Defi headlines/alfa from @TheDeFinvestor:
-Seeing more and more headlines about gold as it continues to surge through price discovery:
-Following story generated a lot of discussion the last 24 hours, h/t @DegenerateNews:
-Thoughts on restaking from @DoveyWan and @ManoppoMarco:
-New crypto/macro video from @Blockworks_:
-Weekly macro overview from Joseph Wang @FedGuy12:
-New episode of @unchained_pod:
-Parting wisdom from @marcusmoles:
Conclusion
Happy Sunday good degens! Stay alert out there!
And please RT/subscribe/etc if you found this valuable!
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Note
The team at @silentdao_ is continuing to develop their revolutionary new on-chain privacy architecture… which is essentially meant to be a middleware privacy/encryption layer that will facilitate composable privacy solutions within the EVM itself...
To quote their most recent article:
“Silent Protocol is building the ghost layer, a modular layer 1.5 providing compliant privacy built on the EZEE framework to become that structured playground for institutions and retail users that can provide compliant, secure and privacy preserving access to ethereum native and cross chain liquidity along with enabling access to applications.”
Our editor @rektdiomedes is helping bang the drum about everything @silentdao_ is working on, so make sure to check out the below article, and follow Silent 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.
