Happy Tuesday good degens! 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: $3.32T
Gold: $2931.90
Oil (WTI): $73.05
US 10Y Treasury: 4.527%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Reminder that the crew at @vertex_protocol just listed perps for $S- the flagship token of Sonic- the Fantom revamp from @AndreCronjeTech!
Vertex also recently deployed to Sonic itself, and is now providing all its popular offerings on it:
- Spot, perpetuals, and money markets.
- Deep, unified liquidity
- Cross-margined accounts
- Lightning-fast execution
- Minimal fees for maximum impact
Sonic is just the latest addition for Vertex… who have recently deployed on Sei and Base and Abstract and Botanix- as well as Berachain via @brotrade_DEX !
You can also earn Sonic Points & Gems via the above, so make sure to learn more in the tweet below and follow Vertex on Twitter for more updates!
Biggest TVL Movers + Else
Chains are mixed today. Top 50 chains up at least 20% on the weekly include Core (#12), and Bob (#29).
Protocols are also mixed today. Top 100 protocols up at least 20% on the weekly include Stargate (#36), Hyperliquid (#52), and Dolomite (#81).
Here’s The Top 12 Fastest-Growing Chains By TVL On The Weekly With At Least $20M TVL (from @DefiLlama):
Here’s The Top 12 Fastest-Growing Protocols By TVL On The Weekly With At Least $20M TVL (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 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!)
-New protocol called @BullaExchange has been added to @DefiLlama, categorized as a dex on Berachain. Twitter bio states “Native AMM on @berachain”.
-New protocol called @MondrianSwap has been added to @DefiLlama, categorized as a dex on Abstract. Twitter bio states “Creator-friendly DEX with simple, beginner-friendly DeFi tools. Trade with ease using Weighted Pools, Stable Pools, and Smart Order Routing.” Followed by 1 of our mutuals.
-New project called @pintodotmoney has been added to @DefiLlama, categorized as an algo-stable on Base. Twitter bio states “Low volatility money built on @base . See @pintoseasons for updates every Season.” Followed by 2 of our mutuals.
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (single-exposure, no-IL, $1M+ 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:
-Vitalik has joined @_kaitoai:
-More headlines from @cryptoIntegrat:
-Alfa bits from @ahboyash:
-The ETF tracking crew seem to think more ETF approvals are likely, estimating Litecoin at a 90% chance, Dogecoin at 75%, Solana at 70%, and XRP at 65%:
-Lots of focus on the launch of @aoTheComputer on the TL, example c/o @0xinternetchild:
-Reminder to check if you qualify for the ANIME airdrop (as always be EXTREMELY hypervigilant to avoid scams and etc surrounding airdrops):
-Thoughts on this morning’s Powell comments from @LDNCryptoClub - suggesting they included nothing particularly new but that there could be asymmetry with how few cuts the market is pricing in currently:
-Interesting speculation from @jam_croissant that Trump’s recent comments about Treasuries are a prelude to some kind of quasi debt jubilee or debt revaluing:
-Interesting data from @tomwanhh on the overlap in TVL between Pendle and Ethena, and Pendle’s new TVL ATH’s:
-Top token less projects by mindshare are Kaito, OpenSea, PumpFun, Story, MegaETH, and Monad - h/t @TheDeFinvestor:
-Interesting long-form thoughts from @ChainLinkGod on ETH land (click to read in full):
-Video of Powell’s testimony this morning:
-New interview with Uniswap founder Hayden Adams from @BanklessHQ:
-New crypto/macro video from @noahseidman published yesterday:
-Parting bullishness from @Jesseeckel:
Conclusion
Have a great Tuesday friends!
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 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.