Happy Sunday friends! Tradfi markets closed but crypto never sleeps :)
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… DeFi Spring Phase 3 is now live on @zkxprotocol!
It began on April 25th and includes the BTC, ETH, SOL, and STRK markets, which will earn traders $STRK rewards based on trading activity and open interest!
In addition, traders will earn $ZKX tokens as well, meaning dual rewards for using the platform!
As a brief recap, ZKX is the OG Perps exchange on Starknet we’ve been helping raise awareness about, featuring two exchanges tailored for different types of traders... a) OG Trade, which is perfect for short-term traders and scalpers who enjoy an element of gamification, and b) Pro Trade, which caters to more seasoned advanced traders.
Make sure to learn more in the thread below and follow ZKX on Twitter for more updates!
Biggest TVL Movers + Else
Chains are quite green today. Top 50 chains up at least 50% on the monthly include Bitcoin (#8), Merlin (#9), Linea (#24), TON (#31), zkLink (#40), MAP Protocol (#41), and ICP (#46).
Protocols are also quite green today. Protocols with at least $50M TVL up at least 1000% on the monthly include SubseaProtocol, Butter Network, HiveSwap, and Connext.
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 Token-Holders’ Revenue (from @DefiLlama):
Here’s The Top 12 Dex’s By 7 Day Volume (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 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 dex called @RazorDex_ on @movementlabsxyz. Twitter bio states “Decentralized exchange on @movementlabsxyz powered by @RazorDAO”. Followed by 5 of our mutuals. h/t @AresLabs_xyz:
-Something new called @BTC_OS. Twitter bio states “The Rollup Stack for Bitcoin”. Followed by 5 of our mutuals. h/t @AresLabs_xyz:
-Something new called @ebixyzdex. Twitter bio states “Unlocking liquidity on all tokens.” Followed by 15 of our mutuals. h/t @AresLabs_xyz:
-Something new called @opendelta_. Twitter bio states “A yield-bearing synthetic dollar for the Bitcoin ecosystem.” Followed by 5 of our mutuals. h/t @AresLabs_xyz:
-Previously-mentioned Blast lending protocol @seismicfinance has been added to @DefiLlama. Twitter bio states “The definitive @Blast_L2 native lending market. Pure yield, pure collateral, pure leverage. #BuiltonBlast ⚠️ Points & Rewards are Now Live ⚠️”.
-Previously-mentioned ETH Mainnet dex @salty_io has been added to @DefiLlama. Twitter bio states “Ethereum DEX with Zero Fees and Native Swap Protection on all swaps.”
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama ($1M+ TVL, single-exposure, no-IL only) and @stable_fish - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Security Alerts
-Daily Reminder: Twitter (and other social media) is being absolutely inundated with scams and links to fake versions of popular defi protocols - please make sure to be EXTREMELY hyper-vigilant and triple-check before interacting with anything!
-No security alerts today.
Important News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-$ETH substantially outperforming $BTC over the last 24 hours, h/t @0xjaypeg:
-’Cat Coin’ season continuing, h/t @DegenerateNews:
-Airdrop alfa/rumors c/o @73lV_:
-More ‘mysterious bull-posting’ re: $ETH and the coming week:
-More symptoms of US/crypto regulatory crisis, h/t @AutismCapital:
-Latest real-time inflation data from @truflation:
-Latest NFT/etc alfa from @Tyler_Did_It:
-@magicedegen generating lots of positive attention the last few days, h/t example from @mdudas below:
-Japanese Yen/US Treasury issues continue to be dominant topic in macro, h/t @SantiagoAuFund:
-Thoughts on market from @zhusu:
-Thoughts on dApps vs infra from @QwQiao:
-Weekly macro update from @FedGuy12 Joseph Wang:
-Interesting new airdrops video from @coinbureau:
-Update on all things ETH-tech from @sassal0x:
-Daily airdrop alfa from @KryptoCove:
-Parting wisdom from @ZacharyColbert:
Conclusion
Happy Sunday friends! Let’s get after it!
And please RT/subscribe/etc if you found this valuable!
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Note
As noted yesterday, our Official Sponsor @vertex_protocol are celebrating the one year anniversary of their mainnet launch on Arbitrum!
They have put up massive numbers in their first year 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, high APR’s for $VRTX-stakers, and 30+ perp & spot markets available for trading on their site at http://app.vertexprotocol.com!
They are also getting ready to upgrade their referral system (see below), so if you are interested in spreading the good word about them and doing some reflink-maxxing then make sure to keep your eyes peeled and follow them on Twitter for more updates!
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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.
