Happy Wednesday good degens! CPI (inflation) data has come in a bit hot this morning and there is lots of stuff going on in both crypto and macro to talk about!
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: $3.27T
Gold: $2922.40
Oil (WTI): $72.26
US 10Y Treasury: 4.654%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Important news you will definitely want to take note of friends!
@Cod3xOrg has been granted $1.5m by Sophon to incentivize the creation of productive AI agents on its no-code platform Cod3x Create!
At the start of the campaign, users will be able to go onto the Cod3x application and create trading agents, launch tokens, and join prompt engineering contests to earn their share of the $1.5M!
As stated in the thread below by @sophon:
“The centerpiece of the SIA is Sophon Spark - a $1.5M program launching this March in partnership with @Cod3xOrg
Cod3x is pioneering the next evolution of DeFi through AI-powered systems that turn complex financial operations into simple, intent-based interactions. Together we will ignite their vision of the 'Giga Swarm' - a massive network of AI agents that become collectively smarter through their interactions.
Key aspects of the program:
> Anyone can deploy AI agents that trade, provide liquidity, and engage with DeFi protocols - no coding required
> Build a self-sustaining ecosystem where agents can generate enough value to cover their costs while benefiting users As this network grows on Sophon, it will expand beyond DeFi into gaming, social interactions, and new forms of entertainment.”
Learn more via the quote-tweeted thread below, and make sure to follow Bebis, Cod3x, and their first flagship agent @BigTonyXBT on Twitter for more alfa… and watch out for further updates as we continue highlighting everything they are shipping!
Biggest TVL Movers + Else
Chains are quite red today. Top 25 chains green on the weekly include Tron (#4), BSC (#5), Arbitrum (#7), Aptos (#11), Hyperliquid (#14), PulseChain (#16), Cardano (#19), and Sonic (#21).
Protocols are also quite red. Only top 25 projects green on the weekly are JustLend (#10), Morpho (#12), and Venus (#24).
Here’s The Top 12 Fastest-Growing Chains By TVL On The Weekly With At Least $1M TVL (from @DefiLlama):
Here’s The Top 12 Fastest-Growing Protocols By TVL On The Weekly With At Least $1M 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!)
-New project called @Opals_io. Twitter bio states “Kickstart your next project with Opals(dot)io building on @monad_xyz Dig deeper 👇” h/t @AresLabs_xyz:
-New project called @Aesyx_Fi. Twitter bio states “Aesyx /eɪ sɪks/ • Supercharging DeFi on Avalanche • Borrow against your assets and mint USXY stablecoin • No CA - token isn’t live” Followed by 4 of our mutuals. h/t @AresLabs_xyz:
-Something new called @OrkiFi. Twitter bio states “Native stablecoin and credit layer on @swellnetworkio Borrow $USDK(ing) against LSTs and LRTs on your own terms. Coming soon.” Followed by 3 of our mutuals. h/t @AresLabs_xyz:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (all types, $1M+ TVL) - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Important News And Analysis
-The CPI (inflation) data came in higher than expected today, h/t @LDNCryptoClub:
-Additional thoughts from @zerohedge on the inflation data:
-More thoughts on the inflation numbers and etc from @LDNCryptoClub and @DaanCrypto:
-Trump making waves this morning by stating that “Interest Rates should be lowered”, h/t @FedGuy12:
-Additional morning headlines from @Tyler_Did_It:
-And more headlines from earlier today c/o @layerggofficial:
-Rabby wallet has integrated with Berachain (as well as Abstract and Soneium):
-Coinbase expected to significantly beat earnings estimates this week, as per @Yield_Guy and @CoinbaseDuck:
-DeepSeek has apparently catalyzed some kind of nascent bull market in Chinese tech stocks, h/t @JackFarley96:
-Very interesting data from @DaanCrypto on $BTC performance by day of the week over the last year, showing that Mondays and Wednesdays and Fridays tend to see outperformance while Tuesdays are quite bearish:
-Research alfa from @DefiMinty:
-New @blocmatesdotcom video on everything going on in the Hyperliquid ecosystem:
-New macro interview with @AndreasSteno from @fejau_inc on @Blockworks_:
-New episode of TAO Talk from @blocmatesdotcom on everything going on in the Bittensor/$TAO ecosystem:
-New roundtable discussion from @Unchained_pod:
-Parting thoughts from @NateGeraci and @lemiscate - “I would also be scared shitless if I was in tradfi today”:
Conclusion
Happy Wednesday friends! Stay hypervigilant out there!
And please RT/subscribe/etc if you found this valuable!
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Note
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!
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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.