Happy Friday good degens! Lots of stuff going on!
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: $3.35T
Gold: $2908.20
Oil (WTI): $70.88
US 10Y Treasury: 4.459%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Take note friends! Arthur Hayes’ @MaelstromFund released a new article outlining the bull case for @vertex_protocol and the VRTX token!
Here are a couple brief samples from it:
“Vertex, via its Edge sequencer, plans to expand to 40 chains with the stated goal of doubling revenue & trading volume by 2026. Among these, so far partnerships with Sei, Sonic, Botanix, and Berachain have been announced this quarter.”
“TLDR: Due to healthy trading volumes and a promising tech roadmap, Vertex should (at a minimum) trade at a multiple in line with dYdX (i.e. a +200% to +300% increase in VRTX price). For reasons outlined below, Vertex’s market share should continue to climb…”
The article is extremely in-depth and is full of interesting alfa both on Vertex and defi in general, so we highly encourage you to read it by clicking here!
And as always make sure follow Vertex on Twitter for more updates!
Biggest TVL Movers + Else
Chains are mixed today. The fastest-growing chains on the weekly with at least $1M TVL are EOS EVM, Acala, and Dymension.
Protocols are also mixed today. Fastest-growing protocols on the weekly with at least $1M TVL are non-categorized multichain protocol White Whale, Sonic algo-stable Snake Finance, and Cronos yield aggregator CGO Finance.
Here’s The Top 12 Chains By TVL (from @DefiLlama):
Here’s The Top 12 Protocols By 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!)
-Something new called @PriveX_Official. Twitter bio states “The world’s first intent-based privacy Perp-DEX & DefAI Agents launchpad - Create, Train and Trade your own AI Agent Launching on Base & COTI2”. Followed by 4 of our mutuals.
-Something new called @_taofi_. Twitter bio states “The financial layer for decentralized AI, built on Bittensor (𝜏,φ)”. Followed by 29 of our mutuals.
-New project called @CabalVIP. Twitter bio states “The Very Important Protocol for Initia's VIP”. Followed by 12 of our mutuals. h/t @AresLabs_xyz:
-New project called @BitRobotNetwork. Twitter bio states “Crowdsourcing Embodied AI with a Network of Subnets.” Followed by 7 of our mutuals. h/t @AresLabs_xyz:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (all types, $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:
-Kaito released their whitepaper and announced their $KAITO token today, h/t @DeFiIgnas:
-Could Yaps be worth $100 each when the Kaito airdrop comes? Additional thoughts from @alpha_pls:
-Has the dollar topped? h/t @LukeGromen and @WarrenPies:
-Coinbase beat estimates on earnings yesterday and their earnings call is generating much attention, with Brian Armstrong stating “2025 is gonna be a very good year. We are entering the golden age of crypto.” Good thoughts + summary of the call from @ZachLight16:
-Do the recent jumps in Coinbase and Robinhood numbers suggest ‘retail is back’? h/t @0xgaut:
-Very interesting story about Jito and Multicoin meeting with the SEC, h/t @alpha_pls:
-Defi headlines from @TheDeFinvestor:
-Stonks have been in a rare consolidation period the last three months, h/t @WarrenPies:
-Trump’s new Comptroller nominee apparently used to work at a Bitcoin mining company, h/t @DTAPCAP:
-Raydium, Hyperliquid, Metaplex, Geodnet, and Jupiter are some of the only tokens with positive price action this year, h/t @jamesjho_:
-@MikeIppolito_ arguing L1’s will lose their valuation dominance in the next 1-2 years:
-New episode of @0xSteadyLads podcast on ‘Is alt season starting?’"":
-New @DeFi_Dad interview with the co-founders of MegaETH:
-New video from @sassal0x on everything going on in Ethereum land:
-New video from @0xMughal on all the top farms and yield opportunities on Berachain:
-Parting thoughts from @santiagoroel:
Conclusion
Have a wonderful Friday and stay alert out there 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.