Happy Friday good degens! The macro chaos continues but a lot of bullish things are happening in our beloved crypto markets!
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: $2.76T
Gold: $3049.80
Oil (WTI): $61.85
US 10Y Treasury: 3.929%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
While tradfi is collapsing defi is humming along brilliantly, and we seem to have entered a golden era for yield maximalists…
@vertex_protocol is a perfect example of this… providing not only stellar yields to LP’s but also to $VRTX-stakers!
As seen below c/o @vertexintern, Vertex's USDC borrow/lend market on Arbitrum is currently yielding 28%!
And $VRTX-stakers are currently earning 39.59% APR!
Get started yield-maxxing now as well as trading 60+ perps and spot markets at app.vertexprotocol.com and make sure to follow them on Twitter for more updates!
Biggest TVL Movers + Else
Chains are mixed today. Best-performing chains on the weekly with at least $50M TVL are EOS, Morph, and Hemi.
Protocols are mostly green today. Best-performing protocols on the weekly with at least $50M TVL are Reservoir Protocol, Spark, Thala, PayCash, and Lofty.
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 we also include or re-include every newly launched protocol added by @DefiLlama that has at least some TVL or is followed by at least some of our mutuals - hence disclaimer: these are not pre-vetted by us so make sure to DYOR!)
-Something new called @SherryProtocol. Twitter bio states “The publishing layer that turns any post into an interactive Web3 app. 🔺 Coming soon...” Followed by 4 of our mutuals. h/t @AresLabs_xyz:
-New project has been added to @DefiLlama called @SpinDash_Sonic, categorized as a predictions market on Sonic. Twitter bio states “Create your own predictions market and place bets on crypto prices, sports, real-world events, and politics on Sonic.” Followed by 6 of our mutuals.
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (all types, $25M+ TVL) - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Important News And Analysis
-Stocks continue to plummet, with the Nasdaq 100 hovering right around -20% from its recent all-time high in mid-February:
-Crypto is actually holding up relatively decently the last couple days in comparison, and the BTC/NASDAQ ratio is back around all-time high’s, h/t @stackhodler:
-Trump is again calling out Powell on social media: “CUT INTEREST RATES, JEROME, AND STOP PLAYING POLITICS!”
-Market also starting to price in more interest rate cuts this year, h/t @FedGuy12:
-Massive debate about whether the Trump tariff stuff will be inflationary or deflationary, with some claiming it will be wildly inflationary and others claiming the exact opposite, example of the latter from @AndreasSteno:
-Bessent and Trump are succeeding in their desires as far as getting the dollar + the 10 year Treasury + oil prices down, but with stocks going down as well obviously, h/t good summary of the current macro situation from @dunleavy89:
-Kamino has launched a new meta-swap aggregator, Frax has launched on Solana, and Pendle has deployed on Berachain, h/t defi news from @TheDeFinvestor:
-@Lombard_Finance, @Polkadot, @QuaiNetwork, and @Somnia_Network among the various projects currently rewarding Yappers as the Kaito meta keeps building, h/t @NPC_68:
-Looping strategies getting more and more popular as defi yields continue to be attractive, h/t @zerototom and @Nomaticcap:
-Reminder to stay on top of all the airdrops taking place and to make sure you don’t forget to claim any - h/t @OlimpioCrypto:
-Also @defidotapp is another project we’re seeing lots of airdrop-related focus on, example h/t @DidiTrading:
-New @natbrunell interview with macro gigabrain @LukeGromen (filmed earlier this week but still extremely relevant and worth-watching):
-New video from @Dynamo_Patrick discussing the whole macro situation and its implications for crypto (aired yesterday):
-New roundtable from @rollupco that just aired an hour ago featuring Arthur Hayes, Guy Young, @ayyyeandy, and more:
-New roundtable from @blocmatesdotcom featuring @Grantblocmates and crew discussing the state of crypto VC investing:
-New video from @Jesseeckel_ on whether we are headed towards a recession:
-Parting sentiments from @Fapital3:
Conclusion
Happy Friday good degens! Stay alert out there!
And please RT/subscribe/etc if you found this valuable!
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Note
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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.