Happy Sunday 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: $3.35T
Gold: $2893.70
Oil (WTI): $70.74
US 10Y Treasury: 4.478%
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!
The article goes over all the various aspects of the investment thesis, but a particularly interesting one revolves around Vertex’s unique ability to deploy perps to new chains as a result of its custom @EdgeLayer liquidity architecture:
“Based on primary research surveying new chains, every chain has a strategy or plan to launch a perps trading hub–through incubation or sourcing a team willing to build one. VRTX (currently hovering at around $27M market cap) stands out as an underpriced opportunity to bet on the strategy to connect existing and forthcoming hubs with a shared liquidity layer. Vertex’s interoperable liquidity layer allows new chains to access shared liquidity within 5ms to 15s across multiple chains, reducing the traditional barriers to launching on new networks while maintaining capital efficiency.”
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. Top 50 chains up at least 20% on the monthly include Hyperliquid (#13), Sonic (#18), and Verus (#48).
Protocols are mixed today as well. Top 50 protocols up at least 20% on the monthly include Royco Protocol (#14), Stargate Finance (#31), Meteora (#33), and CIAN Protocol (#44).
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 Token-Holders’ Revenue (from @DefiLlama):
Here’s The Top 12 Dex’s By 7 Day Volume (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 @stakedelixir. Twitter bio states “the elixir network lst”. Followed by 5 of our mutuals. h/t @AresLabs_xyz:
-Something new called @bild_ai. Twitter bio states “Bild AI can read your construction blueprints and extract material and cost data. Save builders time and pain of manually working with blueprints.” Followed by 2 of our mutuals. h/t @AresLabs_xyz:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (single-exposure, no-IL, $1M+ TVL) - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Important News And Analysis
-Macro schedule for the week ahead, h/t @KobeissiLetter:
-$BTC TA from @DaanCrypto - “… average weekend… Expecting volatility to return after the futures re-open [Sunday evening]”:
-On-chain movement from @_kaitoai is generating much attention, with speculation on what % of supply will be airdropped in coming TGE, and whether that will be all at once or over multiple seasons, h/t @banditxbt:
-Lots of talk on the TL about how much each Yap might be worth in various airdrop scenarios, with $100 per Yap being the most common number we are seeing, but also seeing outlier speculation many multiples smaller and larger, h/t @0xjaypeg:
-Interesting comments from Kaito founder @Punk9277 on how the platform works (was in response to someone mentioning the Polkadot rewards campaign via Kaito):
-While Kaito is getting all the attention right now, the PROMPT airdrop lingers on the horizon as well (for PRIME-cachers and etc), h/t @NaesYelof:
-More defi headlines from @TheDeFinvestor:
-Additional defi alfa from @DeFiMinty:
-Interesting tweet from @0xMert_ of cool things happening on Solana:
-Following tweet from @0xngmi generated massive debate yesterday around memecoins on Solana and whether they represent “extraction” or not:
-Lots of discussion re: Bitcoin proponents shifting to use of ETF’s rather than holding their Bitcoin on-chain, and whether this is good or bad or etc, h/t @@100trillionUSD:
-Notable reminder that there are massive winners in all market conditions, with $OM/Mantra Chain apparently doing a 600x over the last 16 months, h/t @fejau_inc:
-New roundtable discussion from @MilkRoadDaily discussing RWA’s, AI and jobs, the Coinbase earnings report, and more:
-New video on everything going on in airdrop world from @KryptoCove:
-New interview with Marc Andreesen @pmarca:
-New macro interview with @LynAldenContact:
-Parting wisdom from @bigdsenpai:
Conclusion
Happy Sunday friends! And stay alert out there!
And please RT/subscribe/etc if you found this valuable!
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Note
Once again good degens! Important news you will definitely want to take note of from @Cod3xOrg - who have 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.”
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!
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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.