Happy Monday friends! Start of a big week!!!
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):
Gold: $2612.60
Oil (WTI): $70.29
US 10Y Treasury: 3.649%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Very interesting new video posted this week by the @vertex_protocol account… very interesting indeed :)
Make sure to check it out below, and make sure to visit the Vertex site as well!
As always, Vertex offers over 50 different perps and spot markets, utilizing a state of the art cross-chain liquidity infrastructure via their Edge system @EdgeLayer! In addition, yield maximalists can also stake VRTX to benefit from both ‘RealYield’ paid in USDC and the official VRTX buyback & burn program!
Get started now at app.vertexprotocol.com and make sure to follow them on Twitter for more updates!
Biggest TVL Movers + Else
Chains are quite red today. Only top 25 chains green on the daily are Sui (#10), Hyperliquid (#12), and Core (#22).
Protocols are also very red today. Only top 50 protocols green on the daily are JustStables (#19), SUN (#33), Hyperliquid (#34), Tether Gold (#39), Ondo Finance (#41), Paxos Gold (#45), and Avalon Labs (#50).
Here’s The Top 12 Top-Performing Chains By TVL On The Weekly With At Least $100M TVL (from @DefiLlama):
Here’s The Top 12 Top-Performing Protocols By TVL On The Weekly With At Least $100M TVL (from @DefiLlama):
Here’s The Top 12 Entities By 24 Hour Fee 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 @Memstagram_com. Twitter bio states “Get paid to meme. #SocialFi on Base. Vote in meme battles and earn rewards while having fun onchain.”. Followed by 3 of our mutuals.
-Something new called @Sol_Coke. Twitter bio states “Solana's first provably fair Tap-to-Farm game. Powered by GP101 — a new experimental token standard.” Followed by 3 of our mutuals. h/t @AresLabs_xyz:
-New project called @goemon_xyz. Twitter bio states “Maximize Defi Yield / Altcoin Options DEX on @monad_xyz”. Followed by 4 of our mutuals. h/t @AresLabs_xyz:
-New project called @vault_edge. Twitter bio states “Unlock the potential of your cashflow positions with zero-interest and self repaying loans. Coming soon to @LineaBuild”. Followed by 5 of our mutuals. h/t @AresLabs_xyz:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (all types, $1M+ TVL only) - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Security Alerts
-Security alerts from @leviathan_news:
Important News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-All eyes on the Fed interest rate decision on Wednesday, h/t @LDNCryptoClub:
-Bullish TA from @Yodaskk:
-Bitcoin dominance now at 58%, h/t @intocryptoverse:
-ETH/BTC ratio looking bleak, h/t @DegenerateNews:
-Interesting prediction from above-referenced @intocryptoverse re: ETH/BTC bottoming:
-Fascinating stat that nearly 40% of US homeowners now have no mortgage, h/t @APompliano:
-Polymarket election bets continue soaring and its TVL is getting close to the total Polygon TVL (the chain Polymarket is on), h/t @NPC_68:
-Interesting thoughts from @burstingbagel:
-Update on deBridge airdrop from @MingoAirdrop:
-Notable stat c/o @ledgerstatus:
-Crypto currently represents around 0.2% of global capital markets, h/t excellent thread from @defi_naly:
-New video from @theempirepod on crypto x AI featuring @ZeMariaMacedo, @ceterispar1bus, @YanLiberman, and @FloodCapital:
-New macro video from ‘Dollar Milkshake Theory’ originator Brent Johnson @SantiagoAuFund:
-Parting wisdom from @Dynamo_Patrick:
Conclusion
Happy Monday friends! Stay alert out there this week!
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.
