Happy Friday good degens! It seems safe to say we are firmly now in goblintown!
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: $2.82T
Gold: $2861.10
Oil (WTI): $69.59
US 10Y Treasury: 4.248%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
This nascent ‘Sonic Season’ we are witnessing on Andre Cronje’s Fantom rebrand has some highly nostalgic 2021 defi vibes!
If you are taking advantage of it then make sure to check out Part Two of the ‘Sonic Fusion’ campaign by @vertex_protocol!
“The ultimate DEX is now on Sonic, powered by Vertex Edge. Leap into an unmatched trading experience, with Spot, Perps & Money Markets, fully cross margined for ultimate capital efficiency. Earn points to get rewards!”
The Sonic airdrop should be one of the biggest events of the year, and Vertex is the perfect place to earn Gems & Points towards it!
Learn more in the tweet below and make sure to follow Vertex on Twitter for more updates!
Biggest TVL Movers + Else
Chains are very red today. Only top 100 chains green on the weekly are Soneium (#56), and Astar (#78).
Protocols are extremely red as well. Only top 100 protocols green on the weekly are Ondo Finance (#35), Dolomite (#45), BEX (#52), Franklin Templeton (#61), Elixir (#84), Euler (#90), and Astherus (#94).
Here’s The Top 12 Best-Performing Chains By TVL On The Weekly With At Least $1M TVL (from @DefiLlama):
Here’s The Top 12 Best-Performing Protocols By TVL On The Weekly With At Least $1M 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!)
-Something new called @PolarisOnBera. Twitter bio states “The first fully autonomous Star in @SkyEcosystem 's Agent Framework, built natively on @berachain”. Followed by 24 of our mutuals. h/t @AresLabs_xyz:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (all types, $25M+ TVL only) - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Important News And Analysis
-Big news of the day is CME announcing Solana futures, widely perceived as a key step towards getting SOL ETF’s, h/t @tomwanhh and @DegenerateNews:
-MetaMask unleashed a host of new announcements that are generating lots of attention as well, h/t @Tyler_Did_It:
-Much excitement around stablecoins at ETHDenver this week:
-Additional headlines c/o @layerggofficial:
-Is this current price action similar to the spring 2021 crash? h/t @DaanCrypto:
-Increasing excitement about the upcoming @AIWayfinder/$PROMPT technology and airdrop, h/t @NaesYelof:
-Much discussion about Saylor/MicroStrategy on the TL - here is some good analysis from @thedefivillain on the topic:
-Pending home sales index hit all-time low's in January, even surpassing 2020 levels during the pandemic, h/t @WarrenPies:
-Additional defi headlines from @TheDeFinvestor:
-New article on the Bittensor/$TAO ‘halving’ taking place later this year, from @S4mmyEth:
-Seeing lots of continued discussion of Fluid’s tech advancements, h/t @litocoen:
-New macro video from @Blockworks_ featuring @jam_croissant:
-New weekly roll-up video from @BanklessHQ with Alex Thorn:
-New @Blocmatesdotcom video discussing everything going on in crypto, just published one hour ago:
-Parting wisdom from @thedefiedge:
Conclusion
Hang in there friends!
And please RT/subscribe/etc if you found this valuable!
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Note
Another very cool update from @maplefinance good anons!
They have just announced Instant Liquidity for SyrupUSDC!
As explained in their update quote-tweeted by the great @reisnertobias below, as well as their new article on it:
“SyrupUSDC Instant Liquidity is Here 💧 Users no longer need to choose between high yield and fast liquidity. SyrupUSDC now has two deep liquidity pools on @Uniswap and @Balancer with $10M in TVL allowing users to swap into $USDC instantly…”
Learn more in the quote-tweeted thread below or in the full article here, and make sure to follow @maplefinance and @syrupfi on Twitter for additional updates, and stay tuned as we continue highlighting all the cool stuff 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.