Happy Friday good degens! Let’s get after it!
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: $2.71T
Gold: $3248.30
Oil (WTI): $60.86
US 10Y Treasury: 4.464%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Once again friends - make sure to check out our new Official Sponsor @upshift_fi!
Co-founded by @aya_kantor and @AElkrief, Upshift is a brilliant new project that is focused on opening up permissionless access to institutional-grade yield strategies…
“Upshift is a yield platform where depositors have access to DeFi strategies run by some of the best performing funds in the space. Vaults are non-custodial and built on top of @august_digital infrastructure, the leading DeFi prime brokerage for institutions, handling $7B in monthly volume across its smart contracts. Upshift is designed for the next era of DeFi, as stablecoins, RWAs and institutions onboard trillions of on-chain capital.”
Many of Upshift’s current strategies are among the top organic yields you can find via @DefiLlama’s yields search function - and this is not even counting the 5x boost in points that all depositors are currently receiving!
Click here to access the Upshift vaults now and check out the great thread from @DeFi_Dad below exploring what Upshift is doing (note: click embedded tweet to read full thread!):
Biggest TVL Movers + Other Interesting Data
Chains are mostly red today. Only top 20 chain green on all three timelines (daily, weekly, monthly) is Avalanche (#8).
Protocols are mixed today. Only top 20 protocols green on all three timelines (daily, weekly, monthly) are Aave (#1), Spark (#8), BlackRock BUIDL (#15), and Jito (#16).
Here’s The Top 12 Fastest-Growing Chains By TVL On The Weekly With At Least $100M TVL (from @DefiLlama):
Here’s The Top 12 Fastest-Growing Protocols By TVL On The Weekly With At Least $100M TVL (from @DefiLlama):
Here’s The Top 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 going through newly launched protocols added by @DefiLlama, limited primarily to new projects that have at least some TVL or are followed by at least some of our mutuals… Disclaimer: these are not pre-vetted by us so make sure to DYOR!)
-Something new called @kamaifinance. Twitter bio states “Automated & aggregated stablecoin yield via LPs. | Get the highest, lowest risk yield on stables possible. | No live token.” Followed by 4 of our mutuals. h/t @twindoges:
-Something new called @PhoenixMarketHQ. Twitter bio states “Buy crypto so fast, it feels illegal”. Followed by 6 of our mutuals. h/t @twindoges:
-Something new called @caerfinance. Twitter bio states “Cross-Chain Lending and Borrowing Protocol via Espresso Integration”. Followed by 2 of our mutuals. h/t @twindoges:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (single-exposure, no-IL, $5M+ TVL only) - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Important News And Analysis
-The Trump tariff stuff seems to have basically escalated into a pure US vs China economic cold war at this point, h/t @zerohedge and @typesfast:
-Much attention on the dollar and whether it will hold or plunge down into a new prolonged dollar bear market (as it already seems to be doing vs gold), short-term chart below h/t @DaanCrypto:
-Long-term dollar chart from @noahseidman below:
-Update on yesterday’s security alert re: Wayfinder/$PROMPT claims via Kaito dashboard:
-$PROMPT token surging since airdrop yesterday, h/t @Tyler_Did_It:
-Fluid getting lots of positive attention on the TL, h/t @litocoen and @tino_research:
-Ostium also getting lots of positive attention, h/t @Degenerate_DeFi and @Issherai:
-A number of new tickers have been added to Grayscale lists that tend to imply possible future Trust offerings for them and in turn potential ETF’s for them at some point in the future (first we’ll likely see stuff like AVAX, LINK, and AAVE get ETF’s and eventually hundreds of crypto projects get them IFHO). List includes: APT, ARB, TIA, HBAR, MNT, TON, TRX, VET, AERO, BNB, ENA, HYPE, JUP, ONDO, PENDLE, PLUME, AIXBT, IMX, IP, AKT, FET, AR, EIGEN, GEOD, HNT, JTO, Babylon, BERA, Monad, MOVE, Lombard, OM, SYRUP, ELIZA, DEEP, GRASS, Prime Intellect, Sentient, Space and Time, and WAL:
-Fantastic long-form alfa on 10 interesting up-and-coming defi protocols from @0xMughal - click below to read in full - the projects are Ostium, Felix, Reserve Protocol, Infrared, Lighter_xyz, Noise_xyz, TradeOnParsa, Rysk, a bundle of new stablecoin projects, and ivx_fi:
-Pendle proposal to list PT’s on Aave + other defi news from @TheDeFinvestor:
-Seeing lots of talk about BIG-mining on Abstract, h/t @Tyler_Did_It:
-New video from @thebellcurvepod featuring @MikeIppolito_, @im_manderson, and @pythianism (published seven hours ago):
-New @noahseidman livestream on the current situation in crypto and macro (published one hour ago):
-New Blockworks video featuring @fejau_inc and @qthomp (published fourteen hours ago):
-New roundup on everything in Solana-land featuring Mert Mumtaz and Dan Smith:
-New interview with Bitwise’s Jeff Park from @coinage_media:
-New @LukeGromen Q&A (published 22 hours ago):
-Parting wisdom from @based16z c/o @QuotableCrypto:
Conclusion
Have a great Friday and stay alert out there friends!
And please RT/subscribe/etc if you found this valuable!
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Note
Despite the bleak price action of the wider crypto market, the team at @maplefinance continues racking up massive W’s!
Click here for an in-depth review of all the highlights and key data points for Maple in March…
Click here for more info on their surging TVL…
Click here for their latest community call…
And click here for info on their new BTC yield product that is generating a massive influx of deposits!
In addition, Maple co-founder @syrupsid just did an interview with @OmniFDN where he shared all sorts of insights on Maple and the state of crypto and macro in general!
Check it out below and stay tuned as we keep shining a light on everything Maple is doing!
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***Note On Material: The ‘Spotlight’ and ‘Note’ sections and info on our Official 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