Happy Saturday and Happy February good degens! Second month of 2025!
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: $3.63T
Gold: $2809.30
Oil (WTI): $72.53
US 10Y Treasury: 4.543%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Big news from @vertex_protocol - who are now live on Abstract Chain!
If you weren’t already aware, @AbstractChain is the new Pudgy Penguins linked blockchain that has been generating massive excitement since it launched several days ago, and Vertex 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
Abstract is just the latest addition for Vertex, who have recently deployed on Sei and Base and Sonic and Botanix- and will be deploying to Berachain via @brotrade_DEX once it launches as well!
Learn more about the Abstract launch via the thread below, and make sure to follow Vertex on Twitter for more updates!
Biggest TVL Movers + Else
Chains are uniformly red today. Fastest-growing chains on the weekly with at least $1M TVL are EOS EVM, Dogechain, Swellchain, Ink, and FunctionX.
Protocols are also quite red today. Fastest-growing protocols on the weekly with at least $1M TVL are Royco Protocol, b14g, SorosSwap, InkySwap, and Sailor.
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 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 @Phytdotfun. Twitter bio states “The fitness trading card game. Coming soon to @base...” Followed by 2 of our mutuals.
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)
Security Alerts
-No security alerts today.
Important News And Analysis
-February traditionally one of the most bullish months for crypto prices, and Bitcoin has only been red twice in February since 2013, h/t @TheDeFinvestor:
-Bitcoin TA from @DaanCrypto:
-Update on some large caps + the narratives surrounding them, h/t @thedefivillain:
-AI Agent token price are down bad, h/t @0xThoor:
-Above-noted poor price action on AI Agents being paired with lots of critical comments on the meta, example via @fejau_inc:
-Still lots of positive sentiments as well though, example h/t @DeFiMinty:
-Coinbase is acquiring web3 advertising/ad-tech/attribution platform @spindl_xyz, which is catalyzing a lot of interesting discussion:
-Interesting observation from @mdudas regarding @pumpdotfun:
-Fascinating stat that US household net worth is currently 800% of disposable personal income, h/t @TheRealEstateG6:
-Very interesting sentiment case study via health and anti-aging figure Bryan Johnson floating plans about releasing a token but apparently having most people try to dissuade him from doing so:
-Tether/USDT continues to be one of the most fascinating stories in all of finance and economics and crypto, h/t @Matt_Hougan and @JasonYanowitz:
-New interview with gigabrain crypto/macro thinker @dunleavy89 from @pahueg:
-New roundtable discussion from @Unchained_pod discussing the ETH Foundation and other Ethereum-focused topics:
-New macro Q&A from @LukeGromen:
-New interview with Kyle Samani from @Lightspeedpodhq:
-New macro discussion between Joseph Wang @FedGuy12 and @JackFarley96:
-New interview with @Arthur_0x from @KevinWSHPod:
-New @Blockworks_ video featuring @qthomp and @fejau_inc and @_Andrew_Stein:
-New episode of @0xSteadyLads podcast:
-Parting crypto-adjacent wisdom from @Thomas_Salamus_:
Conclusion
Happy Saturday friends! Don’t forget to touch some grass this weekend!
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.