Happy Wednesday friends! The excitement continues!
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):
Total Crypto Market Cap: $3.04T
Gold: $2615.10
Oil (WTI): $68.41
US 10Y Treasury: 4.422%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
VRTX Staking V2 has arrived!
This is a revamp of the staking of the VRTX token on @vertex_protocol, which is quite timely as yields on Vertex for both LP’s and stakers have been absolutely MOONING as of late!
The new V2 is extremely bullish and you can get all the details via the official article here!
Also…
“Exclusive bonus rewards are available to users that migrate to V2 or stake new VRTX throughout the next 2 weeks!
…Start Date = Tuesday, November 12th, 2024 @ 17:00 UTC
…End Date = Wednesday, November 27th, 2024 @ 17:00 UTC”
Learn more in the thread below and/or the official article - and start yield-maxxing with Vertex and trade via 50+ different perps and spot markets now by clicking here!!!
Biggest TVL Movers + Else
Chains are a bit red today. Fastest-growing chains on the weekly with at least $20M TVL are zkLink Nova, BOB, and Bitlayer.
Protocols are also pretty red today. Fastest-growing protocols on the weekly with at least $20M TVL are Nest Staking, Ceres Demeter, and CGO Finance.
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 Fee Generation (from @DefiLlama):
Here’s The Top 12 Chains By 7 Day Stablecoin Inflow % (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!)
-Something new called @Laika_Layer2. Twitter bio states “Layer 2 on $DOGE to unleash the power of Doge native assets. Bridge your assets now to Laïka Mainnet and earn LAIKA Points...” Followed by 33 of our mutuals. h/t @brave_raf:
-New project called @BeraBook. Twitter bio states “A DEX, but like CEX, for Berachain.” Followed by 9 of our mutuals. h/t @brave_raf:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (single-exposure, no-IL, $1M+ TVL only) - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Security Alerts
-No security alerts today.
Important News And Analysis
-US CPI (inflation) data just came out:
-Thoughts on it (posted yesterday) from @qthomp:
-Only 21% of alts have outperformed $BTC over the last 90 days, h/t @alpha_pls:
-Another Binance memecoin listing is generating debate:
-Are these controversial Binance memecoin listings a harbinger of things to come this cycle? h/t @Bitcoin_Sage:
-Following on from the above, memecoins generally are at center of attention this morning, h/t @milesdeutscher:
-Base, Solana, and Sui winning in terms of inflows over the last month, h/t @thedefiedge:
-Reports of some messiness with Unichain thus far, h/t @DefiantNews:
-Interesting story re: SUI, h/t @matthew_sigel:
-Additional headlines c/o @blocmatesnews:
-Important reminder c/o @DaanCrypto and @thedefivillain re: CT-induced fomo:
-Wisdom + encouragement from @santiagoroel:
-New interview from @MikeIppolito_ and @hasufl at @thebellcurvepod with Uniswap founder @haydenzadams on Unichain + etc:
-Interesting new crypto and AI related video from Marc Andreesen and Ben Horowitz from a16z:
-New interview from @theempirepod with @theodoreagranat, creator of Off The Grid, the new ‘GameFi success story’ that’s been generating lots of attention of late:
-Parting wisdom from @alpha_pls:
Conclusion
Have a great Wednesday friends and stay hypervigilant out there!
And please RT/subscribe/etc if you found this valuable!
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Note
Important article from the team at @silentdao_ as they continue to develop their revolutionary on-chain privacy architecture!
The article:
“...delves into alternative strategies for mitigating illicit activity within privacy-focused ecosystems and explores the intricate cryptographic mechanisms underpinning the Silent Compliance VM.”
This compliance variable is one of the most fascinating (and challenging) aspects of what Silent is attempting to build, so make sure to check out the article by clicking here now!
And once again, our editor @rektdiomedes is helping bang the drum about everything Silent has been building, so make sure to 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.
