Happy Saturday good degens! Hope you are having a great weekend so far!
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 @CryptoBubbles):
Gold: $2310.10
Oil (WTI): $78.11
US 10Y Treasury: 4.497%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
TVL on @vertex_protocol keeps growing friends!
As seen in the @DefiLlama screenshot below, Vertex TVL is green on all three timelines (daily, weekly, monthly) and they are now in the top 10 protocols by TVL on Arbitrum!
If you are an active trader then make sure to get started with Vertex and get access to 30+ perps & spot markets on their site at http://app.vertexprotocol.com!
They also just announced their new ‘Buyback & Stake’ program, their new fiat on/off ramping integration with @transak, and a new upgraded referral system that is geared up for release soon, so make sure to follow them on Twitter for more updates as well!
Biggest TVL Movers + Else
Chains are quite green today. Top 30 chains up at least 10% on the weekly include Merlin (#9), Mode (#15), Starknet (#25), and TON (#27).
Protocols are quite green too. Top 100 protocols up at least 20% on the weekly include Solv Protocol (#33), Magpie Ecosystem (#35), Sanctum (#51), iZUMI Finance (#72), Fluid (#83), Ring Protocol (#86), and Avalon Finance (#89).
Here’s The Top 12 Fastest-Growing Chains By TVL On The Weekly With Minimum $1M TVL (from @DefiLlama):
Here’s The Top 12 Fastest-Growing Protocols By TVL On The Weekly With Minimum $1M TVL (from @DefiLlama):
Here’s The Top 12 Entities By 24 Hour Fee Generation (from @DefiLlama):
Here’s The Top 12 Dex’s By 7 Day Volume (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 @RFX_exchange. Twitter bio states “Next-gen Perp Dex on zkSync Era. Capital Efficiency, Deep Liquidity, and Permissionless Market Creation. Closed Alpha coming 🔜”. Followed by 8 of our mutuals.
-New liquid-restaking protocol on Sui called @sparkling_sui has been added to @DefiLlama. Twitter bio states “Sparkling Finance ensures the safety of sBUCK and BUCK for @bucketprotocol on @SuiNetwork”. Followed by 1 of our mutuals.
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)
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!
-A $68M loss to an address poisoning scam is generating lots of attention, h/t @CyversAlerts:
Important News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-$BTC ETF inflows were quite good yesterday, h/t @DaanCrypto:
-Much outrage among airdrop enthusiasts after LayerZero announced some rather strange + aggressive Sybil-filtering criteria. Good long-form thoughts from @info_insightful and @CryptoStreamHub below (click to read tweets in full):
-Employment numbers came in soft yesterday, h/t @tedtalksmacro:
-Ticker news/alfa c/o @0xSalazar:
-Extremely bullish macro chart from @infinitybanyan:
-‘Cat Coin’ season continuing, h/t @DegenerateNews:
-New Uniswap x Robinhood integration generating a lot of attention, h/t @redphonecrypto:
-Interesting stat that Coinbase now stores over 12% of the overall crypto market cap, h/t @jevgenijs:
-Latest real-time inflation data from @truflation:
-Thoughts on oil prices from macro gigabrain @WarrenPies:
-Bullish sentiments c/o @goodalexander:
-New episode of the @thebellcurvepod with @MikeIppolito_ and @MylesOneil discussing EigenLayer and a variety of other topics:
-New @TaikiMaeda2 interview with @SplitCapital:
-Latest airdrop news + alfa from @KryptoCove:
-New interview with tradfi investing legend @hkuppy:
-New weekly news roundup from @BanklessHQ covering several dozen of the top stories in crypto:
-Parting wisdom c/o @ChadCaff via @QuotableCrypto:
Conclusion
Happy Saturday friends! Don’t forget to touch some grass this weekend!
And as always please RT/subscribe/etc if you found this valuable!
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Note
Our friends at @silentdao_ keep working diligently behind the scenes to develop a truly revolutionary solution to the issue of on-chain privacy…
Our editor @rektdiomedes has been helping bang the drum about what @silentdao_ have been building, and the architecture being developed is intended to permanently change the defi landscape.
Once again, Silent is a middleware privacy/encryption project designed to facilitate composable privacy solutions within the EVM itself... Make sure to follow the official @silentdao_ Twitter account so you don’t miss any important 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.
