Happy Saturday good frogs! Tradfi closed but crypto never sleeps! :)
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: $2673.20
Oil (WTI): $74.38
US 10Y Treasury: 3.969%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Stage 2 of the VRTX Vertical Program from @vertex_protocol is here!
As you’ll recall, Stage 1 contained all sorts of key upgrades and additional utility for the VRTX token, and Stage 2 has now added onto that, with:
-Auto-Compounding Rewards…
-Immediate Access to Maximum Staking Rewards…
-Flexible Unstaking Options, and…
-Sustainable Rewards Model!
You can learn about all of the above via the official article on it or in the excellent thread by @Die_crv quote-tweeted by Vertex co-founder @DariusTabai below!
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 mostly green today. Fastest-growing top 50 chain on the weekly is BOB (#49) at +40.85%.
Protocols are mostly green today as well. Fastest-growing top 50 protocol on the weekly is Aerodrome (#28) at +7.58%.
Here’s The Top 12 Fastest-Growing Chains By TVL On The Weekly With At Least $1M TVL (from @DefiLlama):
Here’s The Top 12 Fastest-Growing Protocols By TVL On The Weekly With At Least $1M TVL (from @DefiLlama):
Here’s The Top 12 Entities By 24 Hour Token-Holders’ Revenue (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 @TheArenaDotFun. Twitter bio states “A re-imagined trading experience coming to Solana”. Followed by 6 of our mutuals. h/t @AresLabs_xyz:
-Previously-mentioned @Yay_Global has been added to @DefiLlama. Twitter bio states “Welcome to the Future of SocialFi Building on @Soneium”. Followed by 20 of our mutuals.
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (all types, $20M+ TVL only) - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Security Alerts
-Security alerts re: EigenLayer from @PeckShieldAlert and @DegenerateNews:
Important News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-Upcoming election becoming bigger and bigger topic within crypto markets, h/t @DaanCrypto:
-Select memecoins hitting new all-time high’s again, h/t @DegenerateNews:
-Additional headlines c/o @Tyler_Did_It:
-Additional headlines c/o @Cointelegraph:
-Bond market no longer pricing in a 50 bps cut in November:
-Thoughts re: the above from @fejau_inc:
-Bittensor/$TAO and AI narrative dominating TL alongside memes, example c/o @JosephJacks_:
-Also lots of talk lately about crypto secondary markets, example c/o @dunleavy89:
-Memecoin trading thoughts from @thedefivillain:
-Much focus on this upcoming HBO documentary on Bitcoin’s origins, with Polymarket odds suggesting the documentary will claim Len Sassaman was Bitcoin’s creator, though most on the TL remain quite skeptical this was the case:
-Cycle thoughts from @QwQiao:
-New episode of ‘TAO Talk’ from @blocmatesdotcom featuring @563defi and @brodyadreon + guest @kenjonmiyachi the co-founder of @BitMindAI:
-New episode of @0xSteadyLads podcast featuring guest @KyleSamani:
-New weekly roll-up from @BanklessHQ going over all the top stories in crypto:
-New episode of @theempirepod featuring @santiagoroel and @JasonYanowitz:
-Parting wisdom from @jediblocmates:
Conclusion
Have a great Saturday good degens and don’t forget to touch some grass this weekend!
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:
“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 follow them on Twitter for more updates and check out the great thread on them from @kenodnb below!
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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.
