Happy Monday friends! Some brutal price action between yesterday and today!
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: $3.37T
Gold: $2835.80
Oil (WTI): $72.66
US 10Y Treasury: 4.515%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Once again good anons - @vertex_protocol 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 very red today. Only top 25 chains green on the weekly are Core (#11) and Sonic (#25).
Protocols are also very red. Only top 50 protocols green on the weekly are Ethena (#5), Royco Protocol (#16), Marinade (#21), StakeStone (#42), CIAN Protocol (#48), and Tether Gold (#50).
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 Revenue 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!)
-New project called @theportal_fun. Twitter bio states “upcoming social platform for all things tokens and nfts on @base”. Followed by 3 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) - 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
-The last 24 hours saw a major macro-induced blip and associated liquidation cascade in the crypto markets, h/t morning new from @layerggofficial:
-The situation is fluid however and markets are currently rebounding following news that Mexico has relented and apparently reached some kind of agreement with the Trump administration, h/t @KobeissiLetter:
-Leverage has been almost entirely cleansed from the market, h/t @DaanCrypto:
-Macro schedule for the week, h/t @KobeissiLetter:
-Poor performance of Binance listings continuing to generate criticism, example c/o @ChrisPark_IC:
-Interesting observations from Coinbase ‘Agentathon’ via Anand Iyer (who apparently has the @ai username on Twitter):
-Remarkable stat on just how much $BTC is outperforming $ETH, from @ledgerstatus:
-”If you are a good founder, the nightmare starts, not ends, with TGE” - interesting thoughts from @wassielawyer and @0xsudogm:
-Altcoin thoughts and cycle thoughts from @sandraaleow:
-”Gen z is composed of radically talented outsized individuals or complete vegetables and basically nothing in-between.” - interesting crypto-adjacent thoughts from @willdepue:
-Bullish reminders from @jake_pahor:
-Very timely new video from Brent Johnson @SantiagoAuFund of ‘Dollar Milkshake’ fame on everything going on in macro with the tariffs and etc, just published yesterday:
-New video of TA and market analysis from @DaanCrypto, published Monday morning:
-New interview with Luca Netz from Pudgy Penguins, via @BanklessHQ:
-Permabull Tom Lee on CNBC Monday morning:
-Important reminders from @RaoulGMI:
-Parting encouragement from @docXBT:
Conclusion
Hang in there lads! And stay hypervigilant!
And please RT/subscribe/etc if you found this valuable!
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Note
Once again good degens… huge things are happening with OG gigabrains @maplefinance!!!
The popular institutional lending marketplace and their public-facing protocol @syrupfi are one of the strongest and most interesting projects leading the nascent defi renaissance we are witnessing…
As stated in this excellent article by Maple co-founder @joe_defi:
“Maple aims to become the largest facilitator of onchain credit worldwide by 2030. We envision a future where accessing institutional lending markets is frictionless. Capital markets are the engine of innovation, funding everything from the earliest trade routes to modern space exploration…
Our goal is to empower everyone—from institutional investors to retail users—to earn consistent yields through transparent lending markets funding the future… We are making borrowing and lending as seamless as any modern digital service, democratizing institutional credit markets for everyone…”
Our editor @rektdiomedes has been a long-term fan of Maple since the earliest days of his journey into the defi world, and is now cooking hard helping the Maple team bang the drum about everything they are doing! (And The Daily Degen will be assisting in those efforts!)
Learn more in the full article below and follow @maplefinance and @syrupfi on Twitter for additional 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.