Happy Wednesday good degens! The excitement continues!
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: $3.27T
Gold: $2650.80
Oil (WTI): $69.64
US 10Y Treasury: 4.402%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Big news in the Solana ecosystem friends!
The gigabrains at @KaminoFinance have onboarded $USDS, and are kicking off a huge rewards campaign to celebrate!
“The Kamino x Sky campaign aims to rapidly scale $USDS on Kamino, and rewards will be allocation as follows:
USDS Lending: 100,000 $USDS Per Week
USDS-USDC Liquidity: 200,000 $USDS Per Week
USDS-JitoSOL Liquidity: 5,000 $USDS + 2,000 $JTO Per Week
Kamino Lend and Kamino Liquidity are designed to facilitate growth and usage for every token on Solana We're excited to see $USDS live on the network, and look forward to contributing to its growth across Solana DeFi⚡️”
You can get all the details in the thread from the official Kamino Twitter account below, and get started by visiting their site now!
And once again, we are going to be helping amplify all the great stuff the Kamino team has been building, so make sure to follow them on Twitter for continued updates!
Biggest TVL Movers + Else
Chains are mixed today. Fastest-growing chain on the weekly with at least $100M TVL is Taiko (#30) at +174%.
Protocols are mixed as well. Fastest-growing protocol on the weekly with at least $100M is Marinade Finance (#20) at +252%.
Here’s The Top 12 Fastest-Growing Chains By TVL On The Weekly With At Least $50M TVL (from @DefiLlama):
Here’s The Top 12 Fastest-Growing Protocols By TVL On The Weekly With At Least $50M TVL (from @DefiLlama):
Here’s The Top 12 Entities By 24 Hour Revenue Generation (from @DefiLlama):
Bitcoin Fear/Greed Index:
(from @BitcoinFear)
Chart Of The Day
(Courtesy of our Official Sponsor @vertex_protocol)
-$BNB has steadily ground upward so far this bull market without much fanfare or discussion… Do you think its a good candidate to long or short from here?!? Express your thesis via spot or leverage now with Vertex and access 50+ 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 @AI__Combinator. Twitter bio states “AI meets crypto. Backed by @ai16zdao and @RyzeLabs. Funding, tools, and community to build the future.” Followed by 25 of our mutuals. h/t @AresLabs_xyz:
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
-Bitcoin blasting through all-time high’s but alts still underperforming, h/t @alpha_pls:
-Dominant story of the day, h/t @Chilearmy123:
-(Sky) MakerDAO deployment to Solana is generating much discussion, h/t @Dynamo_Patrick:
-Additional headlines c/o @cryptoIntegrat:
-Polymarket now offers betting on Coinbase listings:
-Daily @cobie check-in:
-”Sovereign economy” phenomenon continues ramping up, h/t @SMB_Attorney:
-Thoughts from @tztokchad:
-Thoughts from @pickle_cRypto:
-Solana staking update, h/t @tomwanhh:
-Interesting thoughts from @Daryllautk:
-New video on Solana from @Dynamo_Patrick:
-New interview with macro/tradfi gigabrain @TgMacro:
-Parting wisdom, also from @Daryllautuk:
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.
