Happy Friday good degens! Quite a week its been!
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: $3.08T
Gold: $2575.50
Oil (WTI): $68.12
US 10Y Treasury: 4.493%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Take note friends!
While @vertex_protocol has increasingly become an omnichain source for on-chain degening, they are also now the 7th largest project by TVL on their original chain, Arbitrum! (see DefiLlama screenshot below)
TVL is growing…
APR’s are surging…
And VRTX-stakers are earning insane yields paid out in USDC! (and benefiting from the VRTX buyback and burn model as well!)
Get started LP’ing and staking with Vertex and trade via 50+ different perps and spot markets now by clicking here!!!
Biggest TVL Movers + Else
Chains are mixed today. Top 25 chains up at least 20% on the weekly include Sui (#8), Hyperliquid (#10), and Cardano (#23).
Protocols are also mixed today. Top 50 protocols up at least 20% on the weekly include Solv Protocol (#31), Avalon Labs (#35), DeSyn Protocol (#39), exSat Credit Staking (#47), and Corn Kernels (#48).
Here’s The Top 12 Fastest-Growing Chains By TVL On The Weekly With At Least $20M TVL (from @DefiLlama):
Here’s The Top 12 Fastest-Growing Protocols By TVL On The Weekly With At Least $20M 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!)
-Something new called @echosdotfun. Twitter bio states “Launch AI agents with onchain trading and Twitter posting capability. Includes a DEX for trading. Built with Celestia underneath ✨” Followed by 13 of our mutuals. h/t @AresLabs_xyz:
-Something new called @0xAgentProtocol. Twitter bio states “The banking system for AI agents, starting with payments // Is AGI going to use US banking rails?” Followed by 4 of our mutuals. h/t @AresLabs_xyz:
-Something new called @Sigil_L2. Twitter bio states “🕯️the rollup with an exit window, welcome home.” Followed by 8 of our mutuals. h/t @AresLabs_xyz:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (all types, $20M+ 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
-Morning headlines from @Tyler_Did_It:
-Solana memecoins hit $20B total market cap, h/t @DegenerateNews:
-Some comments from Jerome Powell generated attention over the last 24 hours:
-Solana, Base, and Sui still dominating in terms of inflows, h/t @NPC_68:
-Lot of mainstream talk recently about US entering a new inflationary paradigm:
-The AI agent meta continues, h/t @himgajria:
-Base memecoins popping off, h/t @Tyler_Did_It and @Louis_Cooper_:
-Thoughts from @CryptoKoryo:
-Good reminder from @crypto_condom and @web3_antivirus regarding address poisoning scams:
-Latest real-time inflation data from @truflation:
-Interesting thoughts from @Pickle_cRypto:
-New episode of @theempirepod featuring @santiagoroel and @JasonYanowitz discussing everything going on in crypto right now:
-New Q&A from macro gigabrain @LukeGromen:
-New weekly rollup from @BanklessHQ going over all the top stories in crypto:
-New video from @0xResearch:
-Parting thoughts from @0xSisyphus:
Conclusion
Have a great Friday friends and stay alert out there!
And please RT/subscribe/etc if you found this valuable!
-
-
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!
-
-
***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.
