Happy Tuesday friends! 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):
Total Crypto Market Cap: $2.42T
Gold: $2753.10
Oil (WTI): $71.10
US 10Y Treasury: 4.17%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Reminder good degens that @vertex_protocol’s cross-chain liquidity is based on the gigabrain infra of their custom @EdgeLayer system…
As noted in the article quote-tweeted below:
“By contrast, Vertex Edge’s multi-chain approach unifies perpetual liquidity in a way that supports seamless interaction across multiple L1 and L2 chains.
Edge breaks free from the isolation characteristic of monolithic designs. By pooling liquidity from various chains, it offers traders access to deeper liquidity without the hassle of bridging or the constraints of single-chain architecture…
…Furthermore, Vertex Edge’s model positions it as a white-label solution for other L1 and L2 brands, meaning that other projects can launch on various chains without needing to build from scratch…”
Utilizing the @EdgeLayer architecture, Vertex currently offers over 50 different perps and spot markets available across the defi-verse - so make sure to visit the Vertex site at app.vertexprotocol.com, and follow them on Twitter for more updates!
Biggest TVL Movers + Else
Chains are mixed today. Notables include Aptos (#11) at +23.40% on the weekly, and Scroll (#12) at -17.30% on the weekly.
Protocols are mixed today as well. Notables include Kelp DAO (#35) at 25.72% on the weekly, and Avalon Labs (#45) at 37.22% on the weekly.
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 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 @0LiqLend. Twitter bio states “0LiqLend is a peer-to-peer yield marketplace where sophisticated borrowers compete to offer the best fixed/variable yield for unsophisticated/passive lenders.” Followed by 2 of our mutuals. h/t @AresLabs_xyz and @0x_TEU:
-Something new called @PredictFi. Twitter bio states “The leading prediction market launching on @MegaETH_labs. Bet on politics, crypto, music, sports, and more. Where insights meet blockchain technology.” Followed by 1 of our mutuals. h/t @AresLabs_xyz:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (single-exposure, no-IL, and $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)
-Bond yields have been spiking but stonks don’t seem to care, h/t @fejau_inc:
-Three years ago today- at the height of the last bull market- crypto had a total market cap of $3T and Luna, Litecoin, and Polkdadot were all in the top 15 crypto tokens by market cap, h/t @NPC_68:
-Reports indicate that yesterday’s Scroll airdrop was underwhelming:
-Overview of week’s airdrop events/data/etc, from @KryptoCove:
-Magic Eden co-founder Jack Lu @0xLeoInRio announced some very ambitious plans for the platform:
-Headline/alfa from @0xSalazar:
-Very sad scam story from @DavidReesArtist worth reading as a reminder of the intricacy/ubiquity/relentlessness of these social engineering attacks:
-Interesting thoughts on difficulties of current market from builders’ perspective, from @imranfaststart:
-Despite lack of attention, defi fundamentals are looking better and better, h/t @pythianism:
-The perpetually-fascinating Bitcoin dominance chart, from great thread by @0xRetardio (click to read in full!):
-Good summary of current market vibe, h/t @crypthoem:
-New episode of TAO Talk from @blocmatesdotcom, featuring @563defi, @brodyadreon, @Ronangmi, and @derekedws:
-New crypto news overview from @coinbureau:
-New crypto/macro livestream from @noahseidman:
-New interview with @mrjasonchoi from @LoganJastremski:
-Great new interview with legendary macro investor Jim Rogers from @JackFarley96:
-Parting wisdom from @LouisCooper_:
Conclusion
Happy Tuesday friends! Let’s get after it!
And please RT/subscribe/etc if you found this valuable!
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Note
Important new article from the team at @silentdao_ as they continue to develop their revolutionary on-chain privacy architecture!
The new article:
“...delves into alternative strategies for mitigating illicit activity within privacy-focused ecosystems and explores the intricate cryptographic mechanisms underpinning the Silent Compliance VM.”
This compliance variable is one of the most fascinating (and challenging) aspects of what Silent is attempting to build, so make sure to check out the article by clicking here now!
And once again, our editor @rektdiomedes is helping bang the drum about everything Silent has been building, so 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.
