Happy Sunday friends! Another big week ahead of us!
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: $2.77T
Gold: $3254.90
Oil (WTI): $61.40
US 10Y Treasury: 4.497%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
More solid developments from @vertex_protocol to take note of!
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 continue to generate some of the highest volumes in the entire on-chain perps space, 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!
Biggest TVL Movers + Other Interesting Data
Chains are mixed today. Top 50 chains down at least 10% on the weekly include Base (#6), EOS (#22), Linea (#37), and ZKsync Era (#49).
Protocols are also mixed today. Top 100 protocols down more than 20% on the weekly include Sky (formerly MakerDAO) (#4), Stargate Finance (#45), and BEX (#69).
Here’s The Top 12 Fastest-Growing Chains By TVL On The Weekly With At Least $25M TVL (from @DefiLlama):
Here’s The Top 12 Fastest-Growing Protocols By TVL On The Weekly With At Least $25M TVL (from @DefiLlama):
Here’s The Top 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 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!)
-New project called @0xHyperBeat. Twitter bio states “Liquidity engine for HyperEVM”. Followed by 37 of our mutuals. h/t @NPC_68:
-Something new called @panicdotfun. Twitter bio states “coming soon.” Followed by 3 of our mutuals. h/t @AresLabs_xyz:
-Something new called @defidotspace. Twitter bio states “onchain agent arena arriving on starknet”. Followed by 5 of our mutuals. h/t @AresLabs_xyz:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (single-exposure, no-IL, $1M+ TVL only) - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Important News And Analysis
-Powell to speak on Wednesday and a bunch of earnings reports to come out on Friday, h/t @KobeissiLetter:
-$FLUID and $JUP shipping updates and more $TRUMP unlocks taking place this week, h/t @TheDeFinvestor:
-Is now the time to go long bonds? h/t @dailydirtnap:
-Important reminder from @lemiscate that EIP-7702 may end the need for EVM pre-swap token approvals soon:
-@blackbird_xyz, @meanwhilelife, @TownsProtocol, @capmoney_, and @octane_security were among notable projects raising fundraising rounds this past week, h/t @immutablejacob:
-New Harvard Business Review study (click tweet for link to it below) is generating attention for asserting that the #1 use of AI over the last year has been “Therapy and companionship”, h/t @venturetwins:
-@noise_xyz getting lots of positive attention on the TL as of late, h/t @mikee_uwu and @apixtwts:
-Ostium volumes keep surging, h/t @troyharris__:
-Funny example of real estate bros talking about Texas real estate the way crypto bros talk about upcoming bull markets:
-$BIG coin on Abstract continues to dominate the TVL, here’s a good thread from a couple days ago from @0xCygaar explaining it (click to read full thread):
-“…what the doomers fail to grasp is that [these corrections] remain buying opportunities due to policy makers willingness to step in and support the markets to avoid another gfc at all costs” - @MacroCRG:
-New macro overview from ‘Dollar Milkshake Theory’ originator Brent Johnson @SantiagoAuFund (just published three hours ago):
-New video from @theempirepod featuring @JasonYanowitz and @santiagoroel:
-New weekly macro overview from Joseph Wang @FedGuy12:
-Parting thoughts from @ViktorBunin:
Conclusion
Have a great Sunday good degens! Get some rest before another big week starts! :)
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 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