Happy Wednesday friends! Nice little bounce in prices we are seeing!
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: $3.04T
Gold: $3313.20
Oil (WTI): $62.01
US 10Y Treasury: 4.362%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Much is happening with our Official Sponsor @upshift_fi good anons!
They are consistently providing some of the best stablecoin yields in all of defi, as you can regularly see in the ‘Top Stablecoin Yields’ results from @DefiLlama we include lower down in the newsletter (despite this not even including the 5x Upshift Points boost you currently get by utilizing them!), and currently have some massive yield opportunities available for $ETH, $AVAX, and other assets as well!
These yields are produced by institutional grade yield-maxxing strategies designed and run by some of the biggest gigabrains in all of defi, and available permissionlessly on-chain to all APR-enjoyoors…
They also have seen absolutely surging TVL, a host of partnerships with some of the most well-respected teams in all of defi, and burgeoning chatter on CT as one of the most exciting new projects in all of crypto!
Learn more about everything they are doing in Upshift co-founder @aya_kantor’s interview from a few days ago with @AndrewSteinwold below!
Biggest TVL Movers + Other Interesting Data
Chains are very green today. Top 25 chains up at least 20% on the weekly include Sui (#9), Hyperliquid L1 (#14), Unichain (#20), and Bitlayer (#21).
Protocols are also very green today. Top 50 protocols up at least 20% on the weekly Jito (#14), Sanctum (#27), Marinade (#28), Raydium (#31), and Binance Staked SOL (#33).
Here’s The Top 12 Chains By TVL (from @DefiLlama):
Here’s The Top 12 Protocols By TVL (from @DefiLlama):
Here’s The Top Entities By 24 Hour Revenue 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 @MAIN_AI_DEX. Twitter bio states “The first AI-governed DEX. Built by @CryptoAlgebra. Welcome to the DEXAI era.” Followed by 14 of our mutuals. h/t @diego_defai:
-New project called @SKYAIpro. Twitter bio states “SkyAI is an all-in-one AI ecosystem powered by MCP, designed to seamlessly integrate intelligent solutions across industries.” Followed by 2 of our mutuals. h/t @sandraaleow:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (single-exposure, no-IL, $5M+ TVL only) - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Important News And Analysis
-Trump made some comments last night that were 180 degrees different than what he has been saying the last couple weeks, and they unsurprisingly spiked markets upward, h/t @0xGumshoe:
-Treasury Secretary Scott Bessent generated lots of headlines with his speech today, but nothing too massive seems to have been announced, h/t @zerohedge:
-$crvUSD supply has tripled in the last month, $ZORA-TGE is today, and $TAO/Bittensor and HyperEVM continue to generate much excitement, h/t good news recap from @NPC_68:
-New story about Softbank partnering with Tether on a new venture seems quite significant but seems to be somewhat slipping under the radar so far:
-Interesting tweet from Tether’s CEO Paolo Ardoino given the above news:
-$DOLO/Dolomite TGE tomorrow is generating much attention, h/t @degencap (click tweet to read some in-depth analysis on it):
-Are we witnessing a Curve/$CRV comeback arc? h/t @SatsDoji:
-Top DeFAI projects by mindshare right now are @AIWayfinder, @HeyAnonai, @orbitcryptoai, @griffaindotcom, and @askthehive_ai, h/t @diego_defai::
-Continue to see renewed talk about @fantasy_top_, h/t @DidiTrading:
-Fascinating things are happening in the AI content space, h/t @deedydas:
-Has Bitcoin-dominance topped? h/t @goodalexander:
-Livestream of Secretary Scott Bessent’s remarks this morning that are generating lots of attention:
-Fascinating new video from @patfscott aka Dynamo Defi on AI, ‘the future of content’, and whether we are now exiting ‘the crypto dark age’:
-New Doomberg interview on everything macro:
-New @Blockworks_ video featuring @fejau_inc interviewing Arthur Hayes @CryptoHayes:
-Parting wisdom from @signull:
Conclusion
Happy Wednesday friends and enjoy the positive price action!
And please RT/subscribe/etc if you found this valuable!
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Note
The AI x Crypto meta has been quiet of late but a tons of building is taking place beneath the surface, and @Cod3xOrg is at the heart of it!
Founded by well-respected defi veteran @0xBebis_, Codex has been cooking up some incredible stuff, including the Great Tournament Of Agents along with @sophon, and much more!
Want to learn more?
-Check out the @Cod3xOrg account on Twitter!
-Follow @0xBebis_ on Twitter!
-And check out Bebis’s recent article on Cod3x by clicking here now!
And stay tuned as we keep shining a light on everything Cod3x 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.