Happy Wednesday good degens! 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: $3.44T
Gold: $2878.20
Oil (WTI): $71.92
US 10Y Treasury: 4.422%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Take note friends! @vertex_protocol co-founder @DariusTabai recently appeared on the DeFi Decoded Podcast and discussed all sorts of alfa both general and Vertex-specific!
Check it out via the tweet below or watch it on YouTube by clicking here!
And as always make sure to visit the Vertex 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 mostly green today. Fastest-growing chains on the weekly with at least $1M TVL are EOS EVM, Swellchain, and Elys.
Protocols are mixed today. Fastest-growing protocols on the weekly with at least $1M TVL are Royco Protocol, Reti Pooling, Soroswap, b14g, and Tranchess.
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 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!)
-Something new called @kazedotsh. Twitter bio states “Next-gen trading platform.” Followed by 4 of our mutuals. h/t @AresLabs_xyz:
-New protocol called @Angles_Sonic has been added to @DefiLlama - categorized as a ‘Managed Token Pools’ protocol on Sonic. Twitter bio states “Liquid Staking for $S | Coming soon to Sonic”. Followed by 1 of our mutuals.
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (all types, $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
-Morning headlines c/o @Tyler_Did_It:
-Additional headlines from @layerggofficial:
-Much excitement around impending Berachain launch tomorrow, February 6th, h/t @0xMughal:
-More good info on Berachain launch from @ahboyash:
-Data surrounding US real estate is looking increasingly bleak, making sustained higher rates this year highly unlikely, h/t @WarrenPies:
-Reminder as airdrop season heats up to use @DefiLlama’s free airdrop checker to make sure you don’t miss ones you unknowingly qualified for:
-Trump’s ‘Crypto Czar’ David Sacks gave a bullish speech on crypto policy yesterday, with comments on stablecoins helping fill US Treasury demand and helping with dollar dominance being particularly notable:
-(Related) continued focus on the potential Sovereign Wealth Fund and Bitcoin Reserve and etc, h/t @dunleavy89:
-Additional headlines from @blocmatesnews:
-Valuable thoughts from @Grantblocmates on the current go-to-market meta:
-Crypto continues to eat legacy payment rails, h/t @santiagoroel:
-Interesting new interview with CT legend @redphonecrypto on AI, Polymarket, pumpdotfun, and more (click to listen via tweet below):
-New episode of ‘TAO Talk’ from @blocmatesdotcom:
-New roundtable discussion from @Lightspeedpodhq featuring Mert Mumtaz, Jack Kubinec, and Dan Smith discussing all sorts of Solana-related topics:
-New video on the current state of the crypto markets from @Dynamo_Patrick:
-New episode of @Unchained_pod featuring Olaf Carlson-Wee of Polychain Capital and Rushi Manche of Movement Labs:
-Parting wisdom from @BackTheBunny c/o @QuotableCrypto:
Conclusion
Have a great Wednesday friends and stay alert out there!
And please RT/subscribe/etc if you found this valuable!
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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.