Happy Thursday good degens! Eventful times we are in!
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: $2.72T
Gold: $3131.40
Oil (WTI): $66.65
US 10Y Treasury: 4.057%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Once again, 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 - sort of like an early Yearn or Beefy Finance on steroids for the institutional era :)
As detailed in this excellent thread:
“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 (and the first $750m in TVL deposited will receive a 5x bonus in points!) curated by parties such as MEV Capital, Tulipa Capital, Ultrayield, Ouroboros, and MNNC Group… which utilize a wide variety of strategies ranging from looping to deltra-neutral yield-maxxing to market-making and more!
Learn more from the @rektdiomedes thread below and stay tuned for more updates!
Biggest TVL Movers + Other Interesting Data
Chains are extremely red today. Only top 20 chains green on the weekly are BSC (#3), Tron (#5), Sei (#17), and Hyperliquid L1 (#18).
Protocols are also extremely red today. Only top 50 protocols green on the weekly are JustLend (#8), Kodiak (#27), Usual (#38), Ethereal (#41), CIAN Protocol (#43), and Tether Gold (#48).
Here’s The Top 12 Fastest-Growing Chains By TVL On The Weekly With At Least $100M TVL (from @DefiLlama):
Here’s The Top 12 Fastest-Growing Protocols By TVL On The Weekly With At Least $100M 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 @zardotapp. Twitter bio states “Accelerating stablecoin adoption for the next billion users living in countries with unstable money”. Followed by 24 of our mutuals. h/t @0xdetweiler:
-Something new called @Revive_Finance. Twitter bio states “The first leveraged yield platform on @Aptos | Farm bigger, borrow smarter, and earn more |” Followed by 1 of our mutuals. h/t @0xdetweiler:
-Something new called @PurrSwap_. Twitter bio states “The premier trading and liquidity marketplace on HyperEVM @HyperliquidX , built by @MIM_Spell technology”. Followed by 5 of our mutuals. h/t @0xdetweiler and @MIM_Spell:
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
-Stocks are getting utterly destroyed today (some major indices down over 4% on the day as we type this) and crypto is suffering as well, as Trump’s tariffs spark a very bearish response in markets, h/t @dunleavy89:
-In other news… Fidelity opens up its retirement plans to crypto and MetaMask announces upgrade to no longer require a native gas token for swaps, h/t @Tyler_Did_It:
-Seeing talk that duty free "de minimus" shipping is being eliminated from all countries as well, with talk that this could have significant impact on ecom world, h/t @nic__carter and the original tweet from @typesfast:
-Hyperlane token has been announced, with much excitement about the airdrop on the TL, h/t @MingoAirdrop:
-The @Stake_Stone airdrop took place today, but was apparently very small (like $25) for most recipients:
-Are PENDLE, KAITO, GRASS, and SHFL all underpriced right now? h/t @0xlaiyuen:
-L1’s have continued outperforming L2’s, h/t @CryptoKoryo:
-Praise for @megaeth_labs and @capmoney_ from @DeFi_Made_Here:
-Some notably bearish thoughts from @BobLoukas:
-A bullish take from @KyleReidhead:
-More middle of the road take from @cburniske:
-New episode of NFA Live (just aired an hour ago):
-New @Jesseeckel_ video on Trump’s tariffs and what they mean for crypto:
-New crypto-adjacent interview with Greg Isenberg from Chris Koerner on AI tools and what their impact on the online economy will be:
-New @0xResearch roundtable on ‘the stablecoin boom’:
-Parting wisdom from @wronguser000:
Conclusion
Have a great Thursday and stay alert out there friends!
And please RT/subscribe/etc if you found this valuable!
-
-
Note
More bullish headlines from @maplefinance good degens!
As reported by The Defiant:
“Lending protocol Maple Finance achieved new all-time highs over the last week in both active loans and total-value locked (TVL). Maple is one of the leading on-chain credit protocols, with $333 million in active loans and nearly $800 million in total value locked. Both metrics are up 33% compared to their previous highs set in November 2024, and more than 300% since March 2024.”
There are so many positive headlines from the Maple team as of late it is impossible to list all of them here, but check out this thread for an in-depth breakdown!
And make sure to follow them on Twitter for more updates and stay tuned as we continue rolling out more updates on everything the team is shipping!
-
-
***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.