Happy Monday lads and ladettes! Crazy times we are in!
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: $2.56T
Gold: $3000.60
Oil (WTI): $60.87
US 10Y Treasury: 4.147%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
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Learn more from the @rektdiomedes thread below and stay tuned for more updates!
Biggest TVL Movers + Other Interesting Data
Chains are very red today. Only top 25 chains green on the weekly are BSC (#3), Sonic (#12), Sei (#15), EOS (#20), BOB (#22), and Taiko (#24).
Protocols are extremely red today as well. Only top 50 protocols green on the weekly are Spark (#10), BlackRock BUIDL (#17), Ondo Finance (#31), Ethereal (#34), Usual (#39), CIAN Protocol (#40), and Franklin Templeton (#49).
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 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 @getoro_xyz. Twitter bio states “Unlocking the world's premium data for frontier AI.” Followed by 17 of our mutuals. h/t @brave_raf:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (single-exposure, no-IL, $25M+ TVL) - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Important News And Analysis
-Ongoing sell-off in stocks and uncertainty around Trump’s tariff stuff is dominating all discourse. Stocks are somewhat flat this morning (apart from a huge jump and fall from a fake headline). However current overall losses represent a ‘Wealth Shock’ equaling 23% of GDP, the 4th worst ever, h/t @WarrenPies (from whom we first heard about this ‘Wealth Shock’ measurement):
-Many big public faces in finance as well as prominent Trump supporters are now expressing criticisms of the tariff stuff, with Bill Ackman tweeting about it and Elon Musk re-posting an old Milton Friedman video criticizing tariffs:
-Bond market starting to look messy today as well, h/t @LynAldenContact and @hkuppy:
-$ETH price has been getting absolutely crushed, sparking fears of liquidations. Price is currently only 50% or so above its absolute worst bear market lows from 2022. h/t @crypto_condom:
-Many people who funded their Wayfinder wallets with $10 worth of $ETH for the upcoming airdrop are having to send more funds because the price of $ETH has dropped and they no longer meet the $10 minimum (note: you can also use $10 worth of stablecoins to qualify), h/t @DidiTrading:
-“I have bought and sold ETH at ~breakeven (+/-5%) like 15 times in the last year or so. I have decided to never buy it again” - @cobie:
-Situation with TikTok ownership still unresolved, h/t interesting update from @0xGeeGee:
-Another reminder to check if you qualify for the Hyperlane airdrop - again 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 @FourYork:
-Interesting new leaked memo on AI from Shopify CEO, + takeaways, from @gregisenberg:
-@ahboyash wrote an EXTREMELY detailed + thorough + valuable guide to GTM (go to market) strategies for East Asian markets for crypto projects, very well worth reading and saving if you work in crypto BD or marketing or are a founder or anything similar, h/t @JiraiyaReal with the quote-tweet:
-Resident permabull @RaoulGMI remains positive:
-@rleshner is bullish:
-Many others (especially Trump critics) believe we are on the cusp of massive upheaval, h/t one of the more measured and interesting examples, from @signull below:
-Also seeing defenses of the Trump tariff stuff from some smart, measured folks, example c/o @UrbanKaoboy below:
-New video of TA and general market analysis from @DaanCrypto (published five hours ago):
-New crypto/macro livestream from @noahseidman (currently airing live):
-New video from @RaoulGMI and @BittelJulien (currently airing live):
-New livestream of market analysis from @docXBT (currently airing live):
-New @phtevenstrong The Calculator Guy video on top stablecoin yield opportunities:
-New crypto/macro roundtable from @0xResearch featuring @fejau_inc and others (aired 7 hours ago):
-Parting wisdom from @0xNairolf:
Conclusion
Happy Monday friends and stay alert out there amidst the insanity!
And please RT/subscribe/etc if you found this valuable!
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Note
Once again friends - @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.a