Happy Sunday good degens! Looks like its gearing up to be another big week!
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: $3056.10
Oil (WTI): $61.99
US 10Y Treasury: 4.00%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Despite the bleak price action of the wider crypto market, March was yet another strong month for defi fundamentals and a huge month for @maplefinance!
Click here for an in-depth review of all the highlights and key data points for Maple…
Click here for more info on their surging TVL…
And click here for a great introduction to Maple’s history from co-founder @syrupsid in his recent interview with @AndrewSteinwold…
In addition, Maple’s other co-founder- @joe_defi- was recently interviewed on the @CharlieShrem podcast! They discussed Maple itself in depth and also touched on all sorts of interesting topics relating to crypto in general!
Listen to the interview on Spotify by clicking here now and make sure to stay tuned as we bring additional updates on everything Maple is doing!
Biggest TVL Movers + Other Interesting Data
Chains are mostly red today. Fastest-growing chains on the weekly with at least $20M TVL are EOS, Morph, and Sonic.
Protocols are also mostly red today. Fastest-growing protocols on the weekly with at least $20M TVL are Reservoir Protocol, Hyperlend, Unagiswap, PayCash, and Spark.
Here’s The Top 12 Chains By TVL (from @DefiLlama):
Here’s The Top 12 Protocols By TVL (from @DefiLlama):
Here’s The Top 12 Protocols By TVL On Solana (from @DefiLlama):
Here’s The Top 12 Protocols By TVL On Base (from @DefiLlama):
Here’s The Top 12 Protocols By Arbitrum (from @DefiLlama):
Here’s The Top Entities By 24 Hour Revenue 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 @VerAI_Agents. Twitter bio states “Shared Computing Power for AI Development & Deployment Early Access Waitlist…” Followed by 3 of our mutuals.
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (all types, $25M+ TVL) - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Important News And Analysis
-Curiously, Bitcoin volatility has been going down despite stock volatility being massively up, with all eyes on markets going into the new week, h/t @DaanCrypto:
-Newest CPI (inflation) data comes out this Wednesday, h/t macro schedule for the week ahead via @KobeissiLetter;
-Truflation real-time inflation reading currently at 1.2%, h/t @charliebilello:
-Market is now pricing in four rate cuts from the Federal Reserve this year, also h/t @charliebilello:
-Aave buybacks and Aptos unlocks and other news h/t @TheDeFinvestor:
-Reminder to check if you qualify for the Hyperlane airdrop - you can check as many wallets as you want without connecting them via the Hyperlane site, and then if any qualify you do need to connect them to register, and must do this by April 14th at 3:59 am UTC, and then apparently you will come back and claim it later on after that, h/t @kenodnb:
-Is Linea waiting on their airdrop until bullish market conditions resume? h/t @DeFi_Made_Here:
-Reminder that even the most popular coins and narratives often fall by 99% over time, h/t @NPC_68 re: friendtech/$FRIEND:
-“They say 5x a year theres free money on the floor to pick up, but noone really says it clearly when its one of those situations-- IMO, one of the times is right now.” - Jordi Alexander @gametheorizing:
-Interesting crypto-adjacent thoughts on direction of the economy given AI and other new variables from @gregisenberg:
-“Mid term: DePIN and energy… Long term: token based social media” - predictions on the future of crypto, h/t @MikeIppolito_:
-New interview from @DeFi_Dad with @Benjamin918_, co-founder of new stablecoin project Cap Labs that is generating lots of excitement:
-New video from ‘Dollar Milkshake Theory’ originator Brent Johnson @SantiagoAuFund:
-New interview with Arthur Hayes from the @coinbureau channel:
-Weekly macro overview with Joseph Wang @FedGuy12:
-Parting wisdom from @jediblocmates:
Conclusion
Have a great Sunday friends and make sure you are well-rested for the week ahead!
And please RT/subscribe/etc if you found this valuable!
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Note
Once again good frogs - make sure you check out our new Official Sponsor @upshift_fi!
Co-founded by @aya_kantor and @AElkrief, Upshift is a brilliant new project that is focused on opening up permissionless access to institutional-grade yield strategies…
As stated in their recent article:
“Upshift is a yield platform where depositors have access to DeFi strategies run by some of the best performing funds in the space. Vaults are non-custodial and built on top of @august_digital infrastructure, the leading DeFi prime brokerage for institutions, handling $7B in monthly volume across its smart contracts. Upshift is designed for the next era of DeFi, as stablecoins, RWAs and institutions onboard trillions of on-chain capital.”
Click here to access the Upshift vaults now and check out the various yield-maxxing possibilities…
And remember too that the first $750m in TVL deposited will receive 5x bonus in points!
Also, check out the recent interview Upshift co-founder @aya_kantor did last month with The Block!
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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.