Happy Tuesday good degens! Tons 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: $3.96T
Gold: $2652.50
Oil (WTI): $69.56
US 10Y Treasury: 4.403%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
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!
Biggest TVL Movers + Else
Chains are mostly green today. Fastest-growing chains on the weekly with at least $50M TVL are Hyperliquid, Bitcoin, and Fuel Ignition.
Protocols are also mostly green today. Fastest-growing protocols on the weekly with at least $50M TVL are multichain yield protocol VaultCraft, Solana liquid-staking protocol The Vault, and Hyperliquid (again DefiLlama lists it as both a chain and a protocol).
Here’s The Top 12 Chains By TVL (from @DefiLlama):
Here’s The Top 12 Protocols By TVL (from @DefiLlama):
Here’s The Top Entities By 24 Hour Fee Generation (from @DefiLlama):
Bitcoin Fear/Greed Index:
(from @BitcoinFear)
Chart Of The Day
(Courtesy of our Official Sponsor @vertex_protocol)
-After overperforming pretty much all year, $SOL has been in a bit of a holding pattern the last few weeks… do you think it is just getting coiled for the next leg up? 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!)
-Something new called @Kindred_AI. Twitter bio states “Bringing iconic characters to life as Emotional AI agents”. Followed by 4 of our mutuals. h/t @AresLabs_xyz:
-Something new called @noon_capital. Twitter bio states “Noon. The most intelligent and fair yield generating stablecoin.” Followed by 5 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
-People are still losing funds due to the LastPass stuff, good reminder + info from @_SEAL_Org:
Important News And Analysis
-The Pudgy Penguins $PENGU airdrop is live, and is the dominant story of the day (reminder as always friends, please be hypervigilant and triple-check everything before connecting your wallet and signing stuff on-chain!):
-Apparently some people are qualifying for the airdrop based on categories like “OG ETH User” and “SOL Diamond Hands”, even if they do not own anything Pudgy-related, h/t @Zeneca:
-Much focus on Powell and interest rates ahead of this week’s FOMC Meeting and Fed interest rate decision, h/t @NickTimiraos:
-Aave x Polygon stuff continues to generate a lot of discussion, h/t @0xWenMoon:
-Additional headlines from @layerggofficial:
-Additional headlines from @blocmatesnews:
-Important reminder that while it often feels like “everyone is getting rich and you’re not”, the truth is the TL generally magnifies the good by 100x, and not everybody is hitting everything constantly, h/t @cozymaximalist:
-$COIN/Coinbase volumes still rising and is on track for earnings beat, h/t @Yield_Guy:
-Another excellent article on the Saylor/MicroStrategy flywheel (the most important variable to understand this cycle imo), from @loomdart, see link in second tweet:
-The @_kaitoai ‘Yaps’ program continues to generate lots of discussion + signups, h/t @AlexOnChain:
-Cycle thoughts from @cburniske:
-New in-depth video breakdown of Virtuals, from @blocmatesdotcom:
-New video from The Calculator Guy @phtevenstrong going over all sorts of yield-maxxing strategies and other stuff:
-New video going over all the top stories in crypto from @coinbureau:
-New interview with @MustStopMurad from @pahueg:
-New video from @Dynamo_Patrick of 2025 crypto predictions:
-Important reminder from @wronguser000 that none of us are owed anything and to remain hypervigilant + grateful:
Conclusion
Happy Tuesday friends! Stay alert out there and enjoy all the excitement!
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.
