Happy Thursday friends! Tons 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: $3.34T
Gold: $2961.60
Oil (WTI): $73.00
US 10Y Treasury: 4.499%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Our official sponsor @vertex_protocol had a massive 2024!
-5 new cross-chain deployments
-$139B in volume
-$14M in net revenue
-Over 1M batched transactions settled seamlessly across ecosystems
-$2M in $USDC interest earned by depositors
-$7M in staking rewards
-And millions in rewards paid to traders across multiple ecosystems!
2025 is poised to be even bigger though, with Vertex planning to be on 25 different chains by the end of the year!
Their revolutionary new omnichain liquidity infra @EdgeLayer is laying the ground for them to serve the ‘multichain economy’ (see video in tweet below!) more thoroughly than any other protocol in crypto!
Get started trading 60+ perps and spot markets now at app.vertexprotocol.com and make sure to follow them on Twitter for more updates!
Biggest TVL Movers + Else
Chains are mostly green today. Fastest-growing chains on the weekly with at least $50M TVL are Sonic, Berachain, Merlin, Sei, and Verus.
Protocols are also mostly green today. Fastest-growing protocols on the weekly with at least $50M TVL are iZUMI Finance, Shadow Exchange, BitFI, BEX, and Coffer Network.
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 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 @thinkymachines. Twitter bio states “Thinking, beeping, and booping.” Followed by 24 of our mutuals. h/t @AresLabs_xyz:
-Something new called @AltiusLabs. Twitter bio states “Futureproof your chain.” Followed by 18 of our mutuals. h/t @AresLabs_xyz:
-Something new called @piprotocol. Twitter bio states “RWA backed yield reinvented | Three-token model powering stablecoin infra 🌏” 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, $25M+ TVL) - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Important News And Analysis
-Morning headlines from @Tyler_Did_It:
-Kaito airdrop took place this morning and is the dominant topic of the day, h/t @DeFiIgnas:
-More headlines from @layerggofficial:
-Sonic, Shadow, Mantra, and Fluid all generating lots of attention for their outperformance currently, h/t @thedefiedge:
-Stablecoins now hold a quarter of as much US sovereign debt as does China, h/t @nic__carter:
-$IP and $BERA both bouncing back after poor initial performance post airdrop, h/t @thedefivillain:
-More and more talk about Trump abolishing the IRS, h/t @cointelegraph:
-Good list of some of the most interesting projects in crypto right now, from @DeFiMinty:
-All sorts of stuff apparently happening in MakerDAO world, h/t @tradersinsight and @0xngmi:
-Excellent new article from @0ctoshi going over a variety of sophisticated alfa strategies being employed by different ‘smart money’ wallets right now, good summary of it from @OlimpioCrypto with link to article in tweet at bottom:
-New interview with Microsoft CEO Satya Nadella is generating a lot of discussion in AI/tech world, h/t @dwarkesh_sp:
-New livestream (from two hours ago) with @jediblocmates and @Grantblocmates going over the Kaito airdrop, MegaETH, HyperEVM, and more:
-New NFA Live (streamed one hour ago):
-New roundtable from @0xResearch discussing everything going on in crypto right now:
-New interview with Kain Warwick @kaiynne from @DeFi_Dad:
-Parting wisdom from @lex_node:
Conclusion
Happy Thursday friends! Stay alert out there!
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.