Happy Sunday friends! 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: $2958.00
Oil (WTI): $70.67
US 10Y Treasury: 4.394%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
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 instance @syrupfi are one of the strongest and most interesting projects to emerge from the recent bear market…
They’ve recently hit over $600M in TVL, $5.5B in loans originated, and over 300k in monthly recurring revenue, with massive additional catalysts on the horizon!
The leaders of the Maple/Syrup team- including @SyrupSid, @joe_defi, and @talkintokens- will all be at ETHDenver (see example below!) so make sure to take note if you will be there as well! And make sure to follow @maplefinance and @syrupfi on Twitter and stay tuned as we keep banging the drum about everything they are doing!
Biggest TVL Movers + Else
Chains are mixed today. Top 25 chains up at least 10% on the weekly include Berachain (#7), and Sonic (#13).
Protocols are also mixed today. Top 50 protocols up at least 10% on the weekly include Infrared Finance (#27), Stargate (#28), and Kodiak (#34).
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):
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!)
-A new project called @noise_xyz. Twitter bio states “Discover and trade trends. Accelerated by @0xMegaMafia”. Followed by 103 of our mutuals. h/t @sandraaleow:
-A new project called @USDdotAI. Twitter bio states “usd(dot)ai - decentralized Stargate”. Followed by 10 of our mutuals. h/t @AresLabs_xyz:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (single-exposure, no-IL, $25M+ 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
-Morning headlines from @Tyler_Did_It:
-Additional headlines from @layerggofficial:
-Ethena has apparently raised an additional $100M to build out a new chain/institutional product, h/t @TheBlock__:
-Current thoughts on Saylor/MicroStrategy from @thedefivillain:
-Kaito releases new ‘tiered social cards’ based on how much of one’s airdrop has been staked:
-Interesting note on stonks from @WarrenPies, that Q4 earnings beats seem to have catalyzed much smaller jumps in price than normal, and earnings misses seem to have caused bigger drops as well:
-Are Aerodrome, Ethena, and Fluid the main defi winners so far this style? h/t @0xBreadGuy:
-@skate_chain will apparently be allocating 1% of its token supply to its top ‘Yappers’ on Kaito, h/t @intern_cc:
-@cobie made some interesting comments about wallets yesterday, two examples below:
-Latest headlines from crypto-adjacent AI land, h/t @rohanpaul_ai:
-Some AI token thoughts from @NaesYelof:
-“The technology behind the [blockchain] or the LLM will not be the moat; instead, the brand, user experience, & community will be...” - @LucaNetz:
-New roundtable from @Unchained_pod discussing everything happening in crypto:
-Latest video from @TaikiMaeda2:
-New crypto/macro livestream from @noahseidman:
-Parting wisdom from @DaanCrypto:
Conclusion
Happy Monday friends! Here’s to a big week!
And please RT/subscribe/etc if you found this valuable!
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Note
PSA to Sonic enthusiasts!
Wrapped Sonic ($wS) is now live on @vertex_protocol!
Users can deposit it as collateral and immediately start trading!
In addition, you can earn Sonic Points & Gems while doing so!
As our readers know, Sonic has been absolutely exploding in terms of TVL and volume and excitement, and trading on Vertex is the perfect way for Sonic fans to position themselves to reap the benefits of the chain!
Learn more in the tweet below and make sure to follow Vertex on Twitter for more updates!
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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.