Happy Wednesday friends!
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: $2.88T
Gold: $3166.60
Oil (WTI): $71.49
US 10Y Treasury: 4.19%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Once again good frogs, we here at The Daily Degen are extremely excited to announce @upshift_fi as our new Official Sponsor!
Upshift is a brilliant new project co-founded by @aya_kantor and @AElkrief that is focused on bringing permissionless access to institutional-grade yield strategies!
As detailed within the excellent introductory thread the @upshift_fi account just published:
“Upshift is built for DeFi's institutional era:
> Powered by @august_digital infrastructure, the largest institutional DeFi brokerage, handling $7 billion in monthly volume.
> Granular risk management controls, with $250m+ TVL across 15+ chains and 70+ protocols.
> Partnered with the best in DeFi: @ethena_labs, @Lombard_Finance, @MorphoLabs , @withAUSD, @TreehouseFi, @KelpDAO.
> Vaults follow the ERC-4626 standard, composable with all major protocols.”
Anyone can now deposit stables, $BTC, $ETH, and more to Upshift vaults... These vaults are curated by parties such as MEV Capital, Tulipa Capital, Ultrayield, Ouroboros, and MNNC Group… and utilize a wide variety of strategies ranging from looping to deltra-neutral yield-maxxing to market-making and more!
Another important note: The first $750m in TVL deposited will receive 5x bonus in points :)
There are a ton of bullish details regarding what Upshift is doing and we will be shining a light on all of them! So make sure to follow Upshift on Twitter for more updates, and read the great introduction to them below from co-founder @aya_kantor!
Biggest TVL Movers + Other Interesting Data
Chains are mixed today. Fastest-growing chains on the weekly with at least $10M TVL are EOS EVM, Zircuit, and EtherLink.
Protocols are also mixed today. Fastest-growing protocols on the weekly with at least $10M TVL are Hyperswap (dex on Hyperliquid L1), MYX Finance (multichain EVM derivatives protocol), Reservoir Protocol (CDP on ETH Mainnet), Hyperlend (lending protocol on Hyperliquid L1), and LayerBank (multichain lending protocol).
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 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 @pandemicdotfun. Twitter bio states “coming soon.” Followed by 14 of our mutuals. h/t @AresLabs_xyz:
-New/newish project has been added to @DefiLlama called @anvil_xyz, categorized as a yield protocol on ETH Mainnet. Twitter bio states “Anvil is a DeFi protocol for collateral management that allows users to issue fully secured credit.” Followed by 3 of our mutuals. h/t @acr_nym_fdn:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (all types, $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
-Lots of talk around tariffs, Kaito, and Circle IPO on the TL today, h/t morning headlines from @Tyler_Did_It:
-Will the market do better post tariff announcements or will they add more uncertainty?
-Lots of debate about the Circle IPO over the last 24 hours, with much focus on how much they pay to Coinbase as their distribution partner, h/t @jamesjho_, @MikeIppolito_, and @mdudas:
-There was also much criticism of their fundamentals from a wide variety of accounts, though overall consensus on stablecoins in general seems to be incredibly bullish:
-Longer-form take from @Wyatt_Lonergan (apparently current VanEck former Circle employee according to bio):
-Much chatter about Hyperlane airdrop apparently taking place soon, h/t April airdrop speculation from @Picolas_Caged:
-Lot of interesting stuff going on despite poor price action, good list of opportunities for further research/rabbit-hole maxxing from @DefiIgnas:
-NFT check-in from @coingecko… with top 7 trending NFT series currently being Quantum Cats, Galactic Geckos, Nakamigos, Defi Dungeons, Bitcoin Puppets, DeGods (Solana), and Azuki:
-Praise for Pendle from @0xGeeGee:
-Seeing renewed talk about $OHM on the TL as of late, h/t @Jesseeckel_:
-Praise for CowSwap from @hasufl:
-Consensus appears to be that the biggest threat to Bitcoin over the next 5-10 years is quantum computing, h/t @LynAldenContact:
-New Blockworks interview with well-respected macro analyst Michael Howell:
-New roundtable on everything going on in the Sonic ecosystem featuring @jediblocmates, @tn_pendle, Daniele Sesta, and more:
-New interview with Synthetix founder Kain Warwick from @Unchained_pod:
-New video from @Dynamo_Patrick on crypto, altoins, RWA’s, vibe coding, and more:
-New interview with Felipe Montealegre @TheiaResearch from @BanklessHQ:
-New @pahueg interview with @Jamie1Coutts, Chief Digital Assets at Real Vision:
-Interesting new video on silver (yes, the metal silver!) and whether it is due for a big surge like gold has seen, from @coinbureau:
-New video of Saylor analysis from @PrestonPysh and Jesse Myers:
-Parting wisdom from @thiccyth0t:
Conclusion
Have a great Wednesday and stay alert out there friends!
And please RT/subscribe/etc if you found this valuable!
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Note
As recently noted, @vertex_protocol has deployed on Avalanche and there are ensuing rewards to be aware of!
Indeed, Vertex will be giving out 10,000 $AVAX tokens per week to traders for the next four weeks!
This deployment is just the next step in Vertex’s omnichain ascendance… As detailed previously, their goal is to be on 25 different chains by the end of 2025- either directly such as with this Avalanche deployment, or through instances such as BroTrade on Berachain that utilize the omnichain Vertex Edge liquidity system!
Get started earning your share of the rewards now at app.vertexprotocol.com + access more than 50 other perps and spot markets (and a wide variety of exquisite yield opportunities!)… And make sure to follow them on Twitter for more updates!
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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.