Happy Monday friends! Start of 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: $3.31T
Gold: $2930.90
Oil (WTI): $71.99
US 10Y Treasury: 4.469%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Take note good degens… big things are happening with @maplefinance!
As stated in a recent thread by @GL_Capital_:
“…@maplefinance experienced phenomenal growth in 2024:
🔸More than $500M TVL ~ 500% growth YTD
🔸Over $5B in total loan originations
🔸$330 000 Monthly Recurring Revenue ~ 500%
YTD Maple has thrived by refining its product offerings, and the market has responded favorably to its range of institutional credit solutions.
Looking at the yield performance in 2024, both Maple and $SYRUP (Maple’s permissionless protocol) consistently delivered some of the best USDC yields...”
In addition, Maple co-founder @syrupsid appeared on CNBC last month, with lots of interesting comments both on crypto in general and also specific to Maple’s role in the coming defi renaissance!
In addition, make sure to follow @maplefinance and @syrupfi on Twitter for additional updates, and stay tuned as we keep banging the drum about everything they are doing!
Biggest TVL Movers + Else
Chains are mostly green today. Top 25 chains green on all three timelines (daily, weekly, monthly) include Bitcoin (#3), BSquared (#18), and Sonic (#23).
Protocols are also mostly green today. Top 25 protocols green on all three timelines (daily, weekly, monthly) include Jito (#13), Royco (#14), Kamino (#18), KernelDAO (#21), Lombard Finance (#23), and Avalon Labs (#24).
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 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 @yieldbasis. No Twitter bio. Followed by 19 of our mutuals. h/t @AresLabs_xyz:
-Something new called @FocusDotXYZ. Twitter bio states “The Crypto Social Network — Built on the Decentralized Social (DeSo) Blockchain @desoprotocol”. Followed by 5 of our mutuals. h/t @AresLabs_xyz:
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
-Morning headlines from @Tyler_Did_It:
-Trump made some very interesting (and ambiguous) comments yesterday relating to US treasuries that are generating attention. Stating “maybe we have less debt than we thought”. h/t @LukeGromen:
-Additional headlines c/o @blocmatesnews:
-Interesting tweet from Arthur Hayes in regards to the BERA chart and token launches:
-Extremely interesting chart of bond yields vs @truflation’s live inflation tracker (powered by Chainlink, we should add) suggesting that bond yields will be on their way down soon, h/t @AndreasSteno:
-Update on FTX payments, h/t @dunleavy89:
-Many L2’s and alt-L1’s are now down over 95% in TVL, h/t @0xThoor:
-CEX tokens (CEX refers to ‘centralized exchange’ - like Coinbase or Binance) are significantly outperforming so far this cycle, despite dex’s (decentralized exchanges) making gains in market share, h/t @CryptoKoryo:
-New update/resource on everything airdrop-related from @OlimpioCrypto and @Earndrop_io:
-Interesting crypto-adjacent tweet from @avichal suggesting the San Francisco tech job “gold rush” is over:
-"If you take your trading & investing seriously, I can recommend journalling and also tracking your long term spot holdings…" - @DaanCrypto:
-Interesting new video from @KevinWSHPod with an avatar representation of the @luna_virtuals AI program:
-New video of TA and market analysis from @DaanCrypto just published a couple hours ago:
-New video from The Calculator Guy @phtevenstrong going over some of the top yields available right now in defi:
-Parting thoughts from @dgt10011 - “I truly worry that theres not enough time left for most to grasp that when the next violent run-up for BTC happens it will be so generationally scarring that anyone who missed the boat will turn against it forever Stack your options now before it’s too late! Printer is coming.”:
Conclusion
Have a great Monday friends and stay alert out there!
And please RT/subscribe/etc if you found this valuable!
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Note
Much shipping + success of late for @vertex_protocol!
-New deployments on Sonic and Botanix and Abstract and Berachain via BroTrade dex…
-Surging trading volumes…
-$12.5M in annualized fee revenue…
-Massive APR’s for LP’s and VRTX stakers
-And much more that is yet to be announced!!! :)
See the tweet below from @farf0x to get the full breakdown!
Vertex is our Official Sponsor so make sure to visit their site now at app.vertexprotocol.com and get started trading 60+ perps and spot markets, 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 Monthly Sponsor @vertex_protocol 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.