Happy Wednesday friends! It appears we are in the middle of another big macro blowup!
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: $2.55T
Gold: $3102.50
Oil (WTI): $57.43
US 10Y Treasury: 4.46%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Take note good frogs! @Catex_Fi just crossed $1M in TVL and has some hefty APR’s at your disposal!
As background, Catex is a franchise expansion of @LynexFi on Polygon!
Lynex is a ve(3,3) dex and one of the largest protocols on Linea, and we’ve been helping bang the drum about everything they are doing, including this new Polygon expansion!
To quote from them directly:
“Polygon has been waiting for a MetaDEX. Catex is here to deliver—with Uniswap v3/v4 tech, ve(3,3) governance, and the infrastructure to supercharge DeFi on @0xPolygon...”
Learn more about Catex in their docs and check out their yield opportunities by clicking here now!
Biggest TVL Movers + Other Interesting Data
Chains are quite red today. Only top 50 chains green on the daily are Solana (#2), Hyperliquid L1 (#18), dYdX (#27), Soneium (#38), Stacks (#44), and Hedera (#45).
Protocols are also extremely red today. Only top 50 protocols green on the daily are BlackRock BUIDL (#16), Avalon Labs (#27), Ondo Finance (#31), Drift (#38), Usual (#42), Tether Gold (#44), and Paxos Gold (#49).
Here’s The Top 12 Fastest-Growing Chains By TVL On The Weekly With At Least $25M TVL (from @DefiLlama):
Here’s The Top 12 Fastest-Growing Protocols By TVL On The Weekly With At Least $25M TVL (from @DefiLlama):
Here’s The Top Entities By 24 Hour Revenue Generation (from @DefiLlama):
Bitcoin Fear/Greed Index:
(from @BitcoinFear)
Yield-Maxxing
(Note! This section is brought to you by our Official Sponsor @upshift_fi! We will include some of their top yield opportunities below as well some of the top ones from sorting on @DefiLlama (single-exposure, no-IL, $25M+ TVL) - note: the DefiLlama ones are just pulled from the raw data, so make sure to always DYOR!)
-12.80% APY on rsETH + 5x Bonus Points via Upshift (click here)
-12.03% APY on Avalanche AUSD + 5x Bonus Points via Upshift (click here)
-7.24% APY on USDC + 5x Bonus Points via Upshift (click here)
-11.69% APY on GHO on Aave V3 h/t DefiLlama research
-10.55% on SUSDE on Echelon Market (Aptos) h/t DefiLlama research
-9.55% APY on USDC on Goldfinch h/t DefiLlama research
-9.31% on USUALUSDC+ on MorphoBlue h/t @DefiLlama research
-8.03% APY on XUSDC on MultipliFi h/t DefiLlama research
Check out the full list of Upshift yield opportunities here or by clicking the screenshot below!
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 @useopeninternet. Twitter bio states “A protocol designed to power distributed, open, social applications.” Followed by 2 of our mutuals. h/t @AresLabs_xyz:
Important News And Analysis
-Mass chaos in tradfi markets again today, as the MOVE index (which measures bond market volatility) spikes to an astounding 172, with the overall macro situation escalating into historical territory, h/t @onechancefreedm:
-More and more talk about the Federal Reserve and whether Powell will need to re-start QE or make an emergency rate cut or etc, h/t @zerohedge:
-Noted ‘Fed whisperer’ @NickTimiraos says that the Fed is in a “no-win situation”:
-President Trump posted this morning: “THIS IS A GREAT TIME TO BUY!!! DJT”, h/t @FedGuy12:
-“With the sovereign bond market faltering and traditional monetary transmission channels clogged, the only politically viable path left is “Main Street Monetarism” targeted stimulus, tax breaks, credit easing for local institutions, and maybe even domestic QE for the people.” - another great post from @onechancefreedm:
-Continued speculation that Base may eventually have an airdrop, h/t @MingoAirdrop:
-Really interesting discussion of Pancakeswap and the topic of ve-tokenomics, from @0xGeeGee and Curve founder @newmichwill (click to read tweets in full):
-Seeing more and more individuals permanently swear off owning $ETH, h/t @NightOwlCapital:
-Interesting data on stablecoin swap market share, with Curve, Uniswap, Mav, and Fluid all having pretty much equal share on ETH Mainnet recently, h/t @0xSharples:
-Seeing lots of excitement around MegaETH, good list of projects on it to check out below from @zacxbt:
-Will drone delivery to your doorstep be ubiquitous within the next few years? h/t @typesfast:
-New James Lavish interview via @PrestonPysh, published four hours ago:
-New @BobLoukas video published yesterday:
-New roundtable from the regular crew on @Unchained_pod on the current state of things in crypto and macro, published four hours ago:
-New Arthur Hayes interview - also via @Unchained_pod- published yesterday:
-New macro video from Mike Green @profplum99 and the crew at Simplify:
-Parting sentiments c/o @Cryptoyieldinfo:
Conclusion
Happy Wednesday friends and stay alert out there!
And please RT/subscribe/etc if you found this valuable!
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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