Happy Saturday friends! Lots 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: $2349.60
Oil (WTI): $83.85
US 10Y Treasury: 4.663%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Take note good degens! @vertex_protocol are celebrating the one year anniversary of their mainnet launch on Arbitrum!
They have put up massive numbers in their first year (see video below!) and with all metrics trending upward year two looks to be even bigger!
There are all sorts of things happening right now, including their revolutionary new cross-chain liquidity system @EdgeLayer, fiat on/off ramping via @transak, APR-maxxing for $VRTX-stakers, and 30+ perp & spot markets available for trading on their site http://app.vertexprotocol.com!
And they are also the Official Sponsor of The Daily Degen, so make sure to follow them on Twitter for more updates!
Biggest TVL Movers + Else
Chains are mostly red today. Only top 50 chains green on all three timelines (daily, weekly, monthly) are Blast (#7), Linea (#24), TON (#31), and Scroll (#48).
Protocols are red as well. Only top 50 protocols green on all three timelines (daily, weekly, monthly) include Zircuit Staking (#13), JustStables (#24), Connext (#31), and Kelp DAO (#33).
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):
Top Trending Tokens:
(from @dexscreener - 24 hour timeframe)
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 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 @websim_ai. Twitter bio states “explore, create, and remix your hallucinated internet”. Followed by 4 of our mutuals. h/t @AresLabs_xyz:
-Something new called @Eigen_Tao. Twitter bio states “Stake Smart, Earn Smart”. Followed by 6 of our mutuals. h/t @AresLabs_xyz:
-New Blast dex called @NeptuneX_io_ has been added to @DefiLlama. Twitter bio states “DEX Aggregator for Optimal Order Routing, Built on @Blast_L2...” Followed by 4 of our mutuals.
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama ($10M+ TVL, single-exposure, no-IL only) and @stable_fish - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
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!
-Unfortunate security alert from our friends at @PikeFinance:
Important News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-A small US bank failure generated much discussion yesterday as macro mini-crisis continues, h/t @JackFarley96:
-Interesting story re: The DTCC and Bitcoin ETF’s, h/t @AutismCapital:
-Situation in Japan continues to dominate macro discussions, h/t @LynAldenContact:
-More thoughts on the Japan situation h/t @LDNCryptoClub:
-More headlines + alfa c/o @0xSalazar:
-Forbes list of ‘zombie tokens’ generating much discussion, h/t @WuBlockchain:
-Grayscale market share of Bitcoin ETF’s now down to 36%, h/t @qthomp:
-Bitcoin NFT experimentation continues, h/t @redphonecrypto:
-Interesting thoughts from @sandraaleow:
-Interesting thoughts from @mdudas:
-Interesting macro stat c/o @JesseFelder:
-New interview with @cryptomanran on “What It's Like To Lose $130 Million in 4 Days…” from @0xSteadyLads:
-More airdrop alfa from @KryptoCove:
-New interview with @elixir founder Philip Forte from @blocmatesdotcom:
-Discussion with @KyleSamani on @theempirepod featuring @JasonYanowitz and @santiagoroel:
-Interview with Near co-founder Illia Polosukhin from the @coinbureau channel:
-Parting wisdom h/t @Deebs_DeFi:
Conclusion
Have a great Saturday friends and don’t forget to touch some grass this weekend!
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.
