Happy Friday good degens! Lots of stuff going on!
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: $3291.40
Oil (WTI): $62.86
US 10Y Treasury: 4.262%
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 quite green today. Only top 50 chains red on the weekly are CORE (#15), Sei (#19), dYdX (#30), TON (#39), and Morph (#45).
Protocols are also mostly green today. Only top 50 protocols red on the weekly are Ethena (#6), and Tether Gold (#46).
Here’s The Top 12 Best-Performing Chains By TVL On The Weekly With At Least $50M TVL (from @DefiLlama):
Here’s The Top 12 Best-Performing Protocols By TVL On The Weekly With At Least $50M TVL (from @DefiLlama):
Here’s The Top Entities By 24 Hour Token-Holders’ Revenue (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 @TaoHash. Twitter bio states “Incentivizing hashrate on Bittensor: Subnet 14 ξ” Followed by 7 of our mutuals. h/t @JosephJacks_:
-Something new called @shogun_fi. Twitter bio states “AI-driven capital allocation across DeFi. SuperVaults aggregate, AI rebalances, yield maximizes. Join the Ronin Council ⚔️” Followed by 3 of our mutuals. h/t @twindoges:
-Something new called @TradorNet. Twitter bio states “Speak a strategy. Backtest it. Launch your agent. List it. Others copy. You earn on every trade. Telegram-native. In development. Built for degens.” Followed by 4 of our mutuals. h/t @twindoges:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (single-exposure, no-IL, $5M+ TVL only) - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Important News And Analysis
-$SUI outperforming, more good news on the regulatory front, and $PENGU soars after Luca Netz announces $5M buy of it, h/t @Tyler_Did_It:
-More macro data suggesting the US economy is cooling a bit, h/t @noahseidman and @KobeissiLetter:
-Lots of focus on the Dolomite launch and $DOLO-TGE today, h/t @EfesumCrypto:
-Lot of focus on the Initia/$INIT launch as well, h/t @ZeMariaMacedo:
-Apparently something called @Sidekick_Labs is dominating mindshare on Chinese CT, h/t Kaito founder @Punk9277:
-Lighter, Ostium, and the HyperEVM ecosystem all getting massive attention from airdrop-explorers, h/t @eli5_defi:
-Also increased focus on the Sui ecosystem as the token continues to outperform (now the 13th largest token by market cap), h/t @CryptoRank_io:
-Among up-and-coming defi protocols, @Contango_xyz continues to generate chatter, h/t good thread from @CryptoSam01:
-@cobie on the poor ticker physiognomy of PayPal’s stablecoin $pyUSD:
-$SOL picking up momentum? h/t @alpha_pls:
-Important reminder from @WazzCrypto that while CT might make you feel like everyone is always winning except you, this is absolutely not the case:
-New episode of @Blockworks_ Forward Guidance podcast featuring @fejau_inc, @qthomp, and @DannyDayan5:
-New interview with macro gigabrain and noted China-bear @UrbanKaoboy:
-New crypto roundtable from @Unchained_pod:
-New macro interview with Michael Howell:
-New crypto discussion from @BanklessHQ:
-Another great new Doomberg macro interview:
-Parting wisdom from @redphonecrypto:
Conclusion
Happy Friday lads and ladettes and stay hypervigilant out there!
And please RT/subscribe/etc if you found this valuable!
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Note
Take note good degens! @maplefinance just hit $1B in TVL last week and has been surging upward from there at a rapid clip - now at $1.25B as of today!
If you want to learn more about Maple, its history, and what is coming next after this latest milestone, check out the following:
-A new interview Maple co-founder @joe_defi did with @DeFi_Dad and @Nomaticcap
-A recent discussion between Maple co-founder @syrupsid and @OmniFDN
-A new spaces Maple recently did with new partner @sparkdotfi and Spark-backer @pythianism….
And check out the incredible new quarterly report from @GLC_Research on everything going on with Maple for a thorough breakdown of all the incredibly bullish news and stats!
And as always, make sure to follow Maple on Twitter for more updates, and stay tuned as we continue highlighting 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.