Happy Saturday lads and ladettes! 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: $3.23T
Gold: $2949.60
Oil (WTI): $70.40
US 10Y Treasury: 4.431%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Take note friends! @vertex_protocol is now live on Berachain via @brotrade_DEX - who will be using Vertex’s gigabrain omnichain liquidity infra to provide perps trading on the honey-drenched Berachain environs!
As noted by @brotrade_DEX below:
“The wait is over—bro.trade is officially LIVE on Berachain!…
We’re unleashing a tidal wave of $HONEY liquidity, driving you straight into the heart of the trading action. With Vertex Edge, our “back-end beast,” you'll experience CEX-level speed (5-15ms per trade) and top-tier infrastructure. Say goodbye to slippage and fragmented markets; this is where smooth, optimized trading on Berachain begins–bro.trade is here for you!…
With 50+ markets and the leverage you need, dive into the majors like ETH and BTC with 20x leverage, or satisfy your degen cravings with a meme token. Whatever you're looking to trade, the bros have you covered…”
To learn more, check out the new article from @brotrade_DEX quote-tweeted by Vertex below!
And as always- you can trade 60+ perps and spot markets and earn some exquisite yields at app.vertexprotocol.com and get more updates by following them on Twitter as well.
Biggest TVL Movers + Else
Chains are extremely red today. Only top 100 chains green on all three timelines (daily, weekly, monthly) are Sonic (#13), Soneium (#62), Bifrost Network (#71), and Swellchain (#94).
Protocols are also very red today. Only top 100 protocols green on all three timelines (daily, weekly, monthly) are Tether Gold (#57), Paxos Gold (#64), Franlin Templeton (#67), Astherus (#98), and Euler (#99).
Here’s The Top 12 Fastest-Growing Chains By TVL On The Weekly With At Least $100M TVL (from @DefiLlama):
Here’s The Top 12 Fastest-Growing Protocols By TVL On The Weekly With At Least $100M TVL (from @DefiLlama):
Here’s The Top Entities By 24 Hour Fee Generation (from @DefiLlama):
Here’s The Top 12 Chains By 7 Day Stablecoin Inflow % (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 or re-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 @kiyotaka_ai. Twitter bio states “Crypto market intelligence platform. Currently in beta. Find your edge here.” Followed by 28 of our mutuals. h/t @AresLabs_xyz:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (single-exposure, no-IL, $20M+ TVL only) - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Security Alerts
-No security alerts today.
Important News And Analysis
-Yesterday’s exploit of Bybit by North Korea was apparently the largest hack in crypto history (or history in general for that matter), h/t @Dynamo_Patrick:
-Much focus on the downstream logistical effects of the hack via a vis ETH supply and etc, h/t @pythianism:
-Lot of talk about crypto’s surprisingly good performance over the last 24 hours given all the events of the day, h/t @Jesseeckel:
-Also lots of tweets about ‘rolling back’ the Ethereum blockchain in light of the attack, although as far as we can tell this seems be be almost entirely humorous banter rather than serious:
-$BTC update from @DaanCrypto:
-Lots of focus on security in light of yesterday’s Bybit hack, h/t @hosseeb:
-More security tips from @DeFiMinty:
-Reminder to claim your Kaito airdrop or check if you qualified for it, as much of it is still unclaimed, h/t @Picolas_Caged:
-(Related) Kaito rolls out a ‘Hodler Score’, h/t @zacxbt and @Punk9277:
-Warren Buffett’s Berkshire Hathaway now owns $334B in short-term US government debt, 50% more than the total stablecoin market cap:
-New article from @CampbellJAustin on the SEC is generating much attention:
-New Q&A from macro gigabrain @LukeGromen:
-New video from @Blockworks_ featuring @fejau_inc and @qthomp discussing the macro + crypto landscape:
-New video on @StoryProtocol/$IP token from @Dynamo_Patrick:
-New interview with macro commentator and Bitcoin fan James Lavish:
-Parting wisdom from @kenodnb:
Conclusion
Happy Saturday friends and don’t forget to touch some grass this weekend!
And please RT/subscribe/etc if you found this valuable!
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Note
Going to Denver for the upcoming conference anon? Make sure to keep an eye out for the Maple Finance team!
On-chain institutional lending marketplace @maplefinance and their defi-facing protocol @syrupfi are one of the strongest and most interesting projects to emerge from the recent bear market… and are at the forefront of the defi renaissance we are witnessing with the 180* shift in regulatory zeitgeist since November!
The leaders of the Maple/Syrup team- including @SyrupSid, @joe_defi, and @talkintokens- will all be at ETHDenver, so make sure to take note if you will be there as well!
Learn more about all the insanely bullish news as of late for the project in the tweet below too, and as always make sure to follow @maplefinance and @syrupfi on Twitter, and stay tuned as we keep banging the drum on everything the team is 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.