Happy Saturday friends! Quite a week its been!
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: $2.78T
Gold: $3254.90
Oil (WTI): $61.40
US 10Y Treasury: 4.497%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Our Official Sponsor @upshift_fi is making waves with their excellent yield-maxxing opportunities!
These come from the various Upshift vaults on their site that are managed by some of the biggest gigabrain yield experts in all of defi, such as MEV Capital, Tulipa Capital, Ultrayield, Ouroboros, and MNNC Group.
Many of these strategies are among the top organic APR’s you can currently find via @DefiLlama’s ‘Yields’ search function - and this is not even counting the 5x boost in points that all depositors on Upshift are currently receiving!
Click here for more info on Upshift’s $rsETH vault, currently earning 11.50% and managed by Edge UltraYield…
Click here for more info on Upshift’s $USDC lending vault, currently earning 7.26% and managed by August Digital…
And click here or check out the tweet below from @Nomaticcap for more info on Upshift’s Ethena Growth sUSDe vault, currently earning 8.80% and managed by MNNC Group!
Biggest TVL Movers + Other Interesting Data
Chains are mixed today as well. Top 50 chains up at least 10% on the weekly include Hyperliquid L1 (#15), Movement (#37), and Soneium (#39).
Protocols are mixed today as well. Top 50 protocols up at least 10% on the weekly include Spark (#7), BlackRock BUIDL (#14), and Sanctum (#29).
Here’s The Top 12 Fastest-Growing Chains By TVL On The Weekly With At Least $1M TVL (from @DefiLlama):
Here’s The Top 12 Fastest-Growing Protocols By TVL On The Weekly With At Least $1M TVL (from @DefiLlama):
Here’s The Top Entities By 24 Hour Fee Generation (from @DefiLlama):
Here’s The Top 12 Dex’s By 7 Day Volume (from @DefiLlama):
Here’s The Top 12 Perps Dex’s By 7 Day Volume (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 @XSZenith. Twitter bio states “AI-driven platform optimizing liquidity pools & yield farming based on market conditions, preferences and risk tolerance”. Followed by 3 of our mutuals. h/t @twindoges:
-New project called @nldr_ai. Twitter bio states “A DeFAI agent that maximizes your yields automatically. Yield is passive. Nield is agentic.” Followed by 3 of our mutuals. h/t @twindoges:
-New project called @TradeOnParsa. Twitter bio states “Range Perpetuals DEX — more powerful than perps, easier than options.” Followed by 10 of our mutuals. h/t @0xMughal:
-A new/newish project called @aegis_im has been added to @DefiLlama, categorized as a basis trading protocol on ETH Mainnet and BSC. Twitter bio states “Bitcoin-backed stablecoin with real-time transparency, built-in yield generation, and complete independence from the fiat banking system”. Followed by 4 of our mutuals.
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (single-exposure, no-IL, $25M+ TVL only) - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Important News And Analysis
-Trump announced some additional tariff exclusions today, as the administration pulls back even more from the extreme tariffs that crashed markets over the last two weeks, h/t @fejau_inc and @De1taone:
-@onechancefreedm on the above:
-Much focus on the dollar/DXY and whether an imminent drop in it could catalyze the next bull cycle upward, h/t @KyleReidhead:
-Security alert from @PeckShieldAlert and @newmichwill on a $2.6M loss from MorphoBlue frontend vulnerability yesterday:
-$BIG token on Abstract generating lots of attention the last couple days, h/t @Tyler_Did_It:
-Interesting story from @qthomp about Janover stock (“the MicroStrategy of Solana”), and update from @JSeyff that the first Solana ETF should be approved by October 10th:
-Good article from @RektHQ about the ongoing Pancakeswap saga around potentially sunsetting veCAKE and the effect on @Cakepiexyz_io and etc:
-Robinhood continues branching out in interesting new ways, for example via prediction markets on the price of gasoline:
-Is UX the problem or is there just a deficit of animal spirits in the crypto markets currently? h/t @0xGeeGee and @shawmakesmagic:
-Good thread of recent airdrops with info on who qualified, how to check, and etc (click to read thread in full), h/t @Earndrop_io from @OlimpioCrypto:
-Much speculation about the next big airdrop for Yappers, with current programs from @defidotapp and @QuaiNetwork generating attention, h/t @DidiTrading and @quan_eth:
-New Lyn Alden interview on the current macro situation + thoughts on Bitcoin, from @JackFarley96:
-New @phtevenstrong The Calculator Guy video on current stablecoin yields:
-New @KryptoCove video on all things airdrop-related:
-New @BanklessHQ video with @hosseeb discussing everything going on in crypto and macro (released 18 hours ago):
-Parting wisdom from @redphonecrypto:
Conclusion
Happy Saturday friends and don’t forget to touch some grass this weekend!
And please RT/subscribe/etc if you found this valuable!
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Note
More solid developments from @vertex_protocol friends!
As they recently stated:
“DeFi is evolving, and so is Vertex. 2025 marks a pivotal year as we scale Vertex Edge to 25+ EVM chains, unlock broader market listings & liquidity with VLP, and decentralize our infrastructure for resilience and security. The mission? Cementing Vertex's status at the forefront of DeFi while pioneering the transition to a new paradigm in on-chain trading.”
They also continue to generate some of the highest volumes in the entire on-chain perps space!
And… they continue to provide huge APR’s to $VRTX-stakers, and buy back significant amounts of tokens as well!
Indeed the numbers re: the above are quite staggering… as illustrated in the tweet from @Jackisnotinabox below…
Make sure to visit the Vertex site now at app.vertexprotocol.com and stay tuned as we keep providing updates on everything they are 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