Gm and happy Thursday good degens! Quite a dip these last 24 hours!
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: $3.62T
Gold: $2622.50
Oil (WTI): $70.78
US 10Y Treasury: 4.566%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Sonic is live! And @vertex_protocol is the best place to get active on it in anticipation of the big airdrop!
Vertex is deploying to Sonic via their gigabrain cross-chain liquidity system @EdgeLayer, and users will be able to take advantage of all the myriad use cases of Vertex, in the rebuilt ghostly adventure-scape of our fondly remembered 2021 Fantom environs, now re-launched as Sonic, with mighty rewards resulting :)
As always, make sure to follow Vertex on Twitter for more updates, and get started trading 50+ perps and spot markets and earning robust APR’s by lending/staking/etc on Vertex now by clicking here!!!
Biggest TVL Movers + Else
Chains are mostly red today. Fastest-growing protocols on the weekly with at least $50M TVL are Hyperliquid, Bitcoin, and Injective.
Protocols are also red. Fastest-growing protocols on the weekly with at least $50M TVL are VaultCraft, BitFLUX, Hyperliquid, Superform, and Resolv.
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 Revenue 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!)
-New project called @openservai. Twitter bio states “A hub to find, curate, and employ AI agents. Hire custom AI workforces that revolutionize the way you work and create value.” Followed by 83 of our mutuals.
-New project called @daosdotworld. Twitter bio states “daos will eat the world 🌎 - launching soon on @Base. DM to start a DAO....” Followed by 17 of our mutuals. h/t @AresLabs_xyz and @AzFlin:
-Something new called @ResupplyFi. Twitter bio states “A decentralized stablecoin protocol, leveraging the liquidity and stability of lending markets. A subDAO protocol of @convexfinance and @yearnfi.” Followed by 39 of our mutuals. h/t @AresLabs_xyz and @wavey0x:
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
-No security alerts today.
Important News And Analysis
-The Fed cut rates again but overall hawkish tone spooked markets and stonks and crypto both fell, h/t @NickTimiraos:
-Morning headlines from @Tyler_Did_It:
-@CryptoHayes on the macro:
-@Matt_Hougan on the macro (from an excellent thread, click to read in full):
-Airdrop/yield thoughts from @0xWelfare:
-Lots of chatter about potential crypto ETF’s and when they might launch, example c/o @dunleavy89:
-More crypto updates from @TheDeFinvestor:
-Interesting macro tweet from Brent Johnson @SantiagoAuFund:
-Saylor-watching from @thedefivillain:
-Alfa/rabbit hole maxxing from @0xGeeGee:
-Giant thread of AI Agent stuff for the day, from @S4mmyEth:
-New @Blockworks_ interview with Joseph Wang @FedGuy12 in wake of FOMC meeting yesterday:
-New @blocmatesdotcom interview with Andre Cronje and Michael Kong about the Sonic launch:
-New @noahseidman video discussing quite a bit of geeky defi stuff along with some macro:
-New AI Rollup episode from @BanklessHQ:
-New episode of TAO Talk from @blocmatesdotcom:
-Parting wisdom from @NightOwlCapital:
Conclusion
Happy Thursday friends! 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:
“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.
