Happy Saturday friends! Heck of a week its been!
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: $2.78T
Gold: $3056.10
Oil (WTI): $61.99
US 10Y Treasury: 4.00%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
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Biggest TVL Movers + Other Interesting Data
Chains are mixed today. Fastest-growing chains on the weekly with at least $1M TVL are EDU Chain, Mode, and EOS.
Protocols are also mixed today. Fastest-growing protocols on the weekly with at least $1M TVL are uncategorized Injective protocol DojoSwap, XRPL CeDeFi protocol Doppler Finance, and Berachain protocol Goldilocks which is categorized as a ‘partially algorithmic stablecoin’.
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 @codex_pbc. No Twitter bio. Followed by 36 of our mutuals. h/t @haonan:
-Something new/newish called @warlock_xyz. Twitter bio states “off chain liquidity, on chain chaos”. Followed by 102 of our mutuals. h/t @brave_raf:
-Something new called @playguessbest. Twitter bio states “Guess best & rack up gains 💸 Play, win, and vibe with us 🍬 Backed by @alliancedao”. Followed by 26 of our mutuals. h/t @brave_raf:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (all types, $1M+ TVL) - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Important News And Analysis
-$VIX (volatility) at highest levels since Covid as stocks crashed again on Friday:
-Lot of focus on China in terms of Trump’s tariffs the last couple days, h/t example @zerohedge (click for fierce debate in comments and quote-tweets of course though):
-Time to buy the dip? h/t @fejau_inc:
-Are the twin impacts on crypto and dropshipping creating a ‘zoomer depression’? h/t @zackvoell:
-$AAVE buybacks may start as soon as April 9th, h/t @lemiscate:
-Sonic farming thoughts from @alpha_pls:
-New guide to the Mavryk testnet for airdrop purposes h/t @MingoAirdrop:
-New interview with Treasury Secretary Scott Bessent from Tucker Carlson is generating massive attention (click to view within tweet):
-With the bear cases omnipresent here’s the opposing permabull take from @RaoulGMI:
-(Related) here’s an interesting example of a long-term golden scenario outline from @billbarx:
-New @Blockworks_ video featuring @fejau_inc, @qthomp, Tony Greer, and Jared Dillian (recorded a day or two ago but extremely good):
-New video from @MikeIppolito_ and @im_manderson discussing everything going on in crypto right now (recorded a couple days ago but very good):
-New episode of @0xSteadyLads featuring Hyperliquid founder @chamelon_jeff:
-New video from @theempirepod discussing everything going on in crypto right now:
-Parting wisdom from @NightOwlCapital:
Conclusion
Have a great Saturday friends and don’t forget to touch some grass this weekend!
And please RT/subscribe/etc if you found this valuable!
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Note
Stocks are down but here in crypto-land we seem to have entered a golden era for yield-enjoyers!
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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, make sure to follow them on Twitter for more updates, and stay tuned as we keep shining a light on their exquisite yield opportunities!
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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.