Happy Tuesday friends! Lots 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: $3.40T
Gold: $2841.70
Oil (WTI): $71.18
US 10Y Treasury: 4.588%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Fundamentals keep heating up for @vertex_protocol as our nascent bull market gets going!
-New deployments on Sonic and Botanix and Abstract and a coming deployment to Berachain via BroTrade dex…
-Surging trading volumes…
-$12.5M in annualized fee revenue…
-Massive APR’s for LP’s and VRTX stakers
-And much more that is yet to be announced!!! :)
See the tweet below from @farf0x to get the full breakdown!
Vertex is our Official Sponsor so make sure to visit their site now at app.vertexprotocol.com and get started trading 60+ perps and spot markets, and make sure to follow them on Twitter for more updates!
Biggest TVL Movers + Else
Chains are mixed today. Top 25 chains down more than 25% on the weekly include Hyperliquid (#11) and Core (#13).
Protocols are also mixed today. Top 25 protocols down more than 15% on the weekly include Lido (#1) and JustLend (#11).
Here’s The Top 12 Fastest-Growing Chains By TVL On The Monthly With At Least $10M TVL (from @DefiLlama):
Here’s The Top 12 Fastest-Growing Protocols By TVL On The Monthly With At Least $10M 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 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 @herd_eco. Twitter bio states “The crypto collaborative terminal where you can search, understand, and act together with AI agents”. Followed by 22 of our mutuals. h/t @AresLabs_xyz:
-Something called @summerstonexyz. Twitter bio states “Market Operations for Decentralized Finance”. Followed by 4 of our mutuals. h/t @AresLabs_xyz:
-New yield protocol on Solana called @ExponentFinance has been added to @DefiLlama. Twitter bio states “Building Solana’s DeFi fixed rate market — Choose between predictable or leveraged yields.” Followed by 44 of our mutuals.
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (single-exposure, no-IL, $1M+ TVL) - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Security Alerts
-No security alerts today.
Important News And Analysis
-Trump’s announcement re: the creation of a US Sovereign Wealth Fund is the top story of the day, h/t headlines curation from @layerggofficial:
-Bitcoin-dominance hit a new 4 year high yesterday, h/t @TheDeFinvestor:
-$TAO and $ETHFI added to Coinbase listings roadmap, h/t @JosephJacks_:
-Interesting historical note that in the post-halving bull market of 2017, Bitcoin only went up +11.89% in Q1, before going up +123.86% in Q2, +80.41% in Q3, and +215.07% in Q4, h/t @DaanCrypto:
-Fluid generating a lot of attention for its increasing success in the defi space, h/t @DefiIgnas:
-Lot of focus on Berachain as it gets closer to launch, h/t @alphanonceintern and @knowerofmarkets:
-Resurgent focus on defi amidst ongoing regulatory paradigm shift, h/t @sandraaleow:
-Trump family’s WorldLibertyFi continues to generate headlines, h/t @JasonYanowitz:
-Interesting thoughts on web3 marketing from @0xNairolf:
-Important reminder to be incredibly hypervigilant re: Discord/TG scams and just in general, h/t @Bitcoin_Sage:
-New in-depth technical discussion re: the Saylor/MicroStrategy flywheel from @PrestonPysh (click to view video):
-New roundtable discussion on @pumpdotfun and interesting connected topics from @thebellcurvepod:
-New interview with macro commentator and Bitcoin evangelist @LynAldenContact:
-New episode of market thoughts and commentary from @docXBT:
-Good new @LukeGromen interview from a few days ago that we only just saw:
-New crypto/macro livestream from @noahseidman:
-Parting wisdom from @thedefiedge via @QuotableCrypto:
Conclusion
Have a good Tuesday friends and stay hypervigilant out there!
And please RT/subscribe/etc if you found this valuable!
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Note
The AI Agent token prices are down big right now, but the underlying tech they represent is still just as important as it was… and this is nowhere more clearly seen than in the work of @Cod3xOrg from @0xBebis_ and co…
As they stated in the recent article embedded below:
“Up until now, you've needed to be a developer to create a custom AI agent capable of interacting with the blockchain. Existing frameworks are experimental and challenging to use, and even highly motivated developers are getting discouraged by the lack of quality tooling.
In contrast to this, Cod3x allows you to create a totally custom financial AI agent in minutes without any programming knowledge required. This is because we have achieved a high level of abstraction - meaning that we've turned millions of lines of complex code into simple tools anyone can use.”
Once again, Codex been at the forefront of the AI x Crypto confluence since before it even emerged as a dominant meta this year, and their advancements in the space have been represented in action via their flagship agent @BigTonyXBT.
Learn more in the article below, and make sure to follow Cod3x on Twitter for more alfa… and watch out for further updates as we continue highlighting everything 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.