Happy Wednesday friends! Tons of stuff going on!
Let’s dive in!
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 @CryptoBubbles24):
Gold: $2215.70
Oil (WTI): $81.16
US 10Y Treasury: 4.224%
Stocks ($SPY as proxy): +-0.18%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Here's an update on some of the tokenless projects with potential airdrops we've been trying out along with referral links when applicable if you'd like to support our work! (note: as always please DYOR though!)
@Parcl - a Solana RWA project where you can long/short various real estate markets or provide liquidity - earn boosted points with our code: thedailydegen
-@CloneProtocol - synthetic assets protocol on Solana with presumed airdrop
@Rabby_io wallet - earn points for presumed airdrop, start new wallet or migrate old MM wallets over to it, utilize their internal swap feature, etc. Click ‘Rabby Points’ to get started, our ref code: THEDAILYDEGEN
@phantom wallet - rumored airdrop
@rainbowdotme wallet - earn 'points' for presumed airdrop, start new wallet or migrate old MM wallets over to it, utilize their internal swap feature - our reflink: https://rainbow.me/points?ref=SZUR3U
@MetaMask - long rumored to be doing an airdrop - do swaps and bridging using the in-app options in case they use that as main criteria for potential airdrop
@Scroll_ZKP - ETH L2 presumed airdrop
@LineaBuild - ETH L2 presumed airdrop
@zksync - ETH L2 presumed airdrop
@base - Coinbase’s ETH L2 increasingly rumored to be doing airdrop eventually
@syncswap - AMM on zkSync, Linea, and Scroll without a token
@modenetwork - new ETH L2 with presumed airdrop - https://ref.mode.network/Fx6b7N
@Eigenpiexyz_io - Eigenlayer restaking protocol with its own presumed airdrop as well - https://www.eigenlayer.magpiexyz.io/?ref=0xf2355BE0e5a2d1C88584286d41A82FA71aDd0c0C
@KelpDAO - EigenLayer restaking protocol - lets you earn towards presumed EigenLayer airdrop and also earns you 'Kelp Points'
@RenzoProtocol - another EigenLayer restaking protocol with its own presumed airdrop - reflink: https://app.renzoprotocol.com/?ref=0x39058c94a6c6504917dd8baddbbda27c8d6a5794
@DeBankDeFi and the DeBank L2 - rumors of possible airdrop, also same folks behind @Rabby_io wallet, create profile, deposit onto their L2
@MeteoraAG - liquidity/yield protocol on Solana
@DriftProtocol - perps dex on Solana
@BungeeExchange - bridge/infra
@JumperExchange - bridge/infra
@deBridgeFinance - bridge/infra
@Owlto_Finance - bridge/infra
@merkly_com - bridge/infra
@ElDoradoMRKT - cross-chain dex built on Maya Protocol ($CACAO)
@azuroprotocol - GambleFi project with (presumed) airdrop, deposit TVL such as USDT via Polygon
@ClipFinance - yield protocol on Linea
@StructFinance - Avalanche-based structured yields protocol
@ryskfinance - ETH L2 options project with presumed airdrop
@LogX_trade - perps dex on variety of ETH L2’s with upcoming airdrop
@Hyperliquidx - perps dex with (presumed) airdrop...
Biggest TVL Movers + Else
Chains are mostly red today. Top 30 chains green on all three timelines (daily, weekly, monthly) include Base (#7), Sui (#12), Gnosis (#19), Thorchain (#21), and Celo (#26).
Protocols are also mostly red today. Top 50 protocols green on all three timelines (daily, weekly, monthly) include Pendle (#12), Kamino (#25), Zircuit Staking (#34), dYdX (#47), and Aerodrome (#49).
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 Revenue Generation (from @DefiLlama):
Here’s The Top 12 Protocols On Base By TVL (from @DefiLlama):
Bitcoin Fear/Greed Index:
(from @BitcoinFear)
Ethereum Fear And Greed Index
(from @EthereumFear):
New Projects
(note: this includes new projects we find through combing Twitter each day, and we also include every (newly launched) protocol added by @DefiLlama - hence disclaimer: these are not pre-vetted by us so make sure to DYOR!)
-Something new called @Neura_io. Twitter bio states “Neura, the blockchain for AI powered by @Ankr”. Followed by 16 of our mutuals. h/t @Louround_:
-Something new called @TaoTradeX. Twitter bio states “Built by traders, for traders Launching on @TaoPadX”. Followed by 3 of our mutuals. h/t @Beacon_Early:
-Something new called @VaseFinance. Twitter bio states “Building a Novel Liquid Staking Protocol in @Berachain Spreading POL benefits to POS chains Incentivized Pilot Program @BoogaBeras”. Followed by 5 of our mutuals. h/t @Beacon_Early:
-New project on Metis called @AltheaFinance. Twitter bio states “Unlocking LST Liquidity and Yield on Metis”. Followed by 12 of our mutuals. h/t @Beacon_Early:
-New project called @gm_dot_ai. No Twitter bio. Followed by 53 of our mutuals. h/t @Beacon_Early:
-Something new called @myprizecom. Twitter bio states “First online crypto casino with multiplayer experiences. Earn XP and prizes before the doors open. Winning is better together. 🎰”. Followed by 14 of our mutuals. h/t @AresLabs_xyz:
Security Alerts
-Daily Reminder: Twitter (and other social media) is being absolutely inundated with scams and links to fake versions of popular defi protocols - please make sure to be EXTREMELY hyper-vigilant and triple-check before interacting with anything!
-Blast protocol @_munchables_ was hacked for $62M (apparently by North Korean hackers it mistakenly hired as devs) however all funds have now been returned:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (all types, $10M+ TVL) and @stable_fish - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Important News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-Kucoin indictment was huge news of the day:
-Lot of focus on the question of withdrawing funds from Kucoin, h/t @CryptoKaduna:
-Interesting observation from @jchervinsky that the CFTC pointedly referred to $ETH as a commodity in its Kucoin complaint:
-Interesting analysis of the Github profile of the North Korean hacker(s) @_munchables_ apparently hired, h/t @0xCygaar:
-Japanese Yen getting lots of attention in macro circles as it hits 34 year low, h/t @Schuldensuehner:
-Interesting new story about potential triple token merge, h/t @MilesDeutscher:
-Bond volatility is declining, usually a bullish sign for risk assets like stocks and crypto, h/t @concodanomics:
-Update on @alex_pertsev trial in the Netherlands c/o @ameensol:
-@azuroprotocol airdrop apparently coming soon, h/t @matrixthesun:
-Long-term NFT thoughts c/o @redphonecrypto:
-Current market sentiments c/o @osf_rekt:
-Excellent macro interview with Russel Napier from @JackFarley96 at @Blockworks_, primarily discussing China, Japan, and overall macro situation facing globe:
-Newest livestream from @tedtalksmacro:
-Newest airdrops video from @KryptoCove:
-New @CryptoHayes interview with Tom Bilyeu:
-New video on Base airdrops and ecosystem c/o @Dynamo_Patrick:
-Parting wisdom c/o @onchainsorcerer:
Conclusion
Happy Wednesday friends! Stay alert out there!
And please RT/subscribe/etc if you found this valuable!
-
-
***Note On Material: The ‘Spotlight’ section (and ‘Note’ sections and info on our Official Monthly Sponsor if applicable) 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.
