Happy Friday good frogs! 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: $3.32T
Gold: $2885.60
Oil (WTI): $70.63
US 10Y Treasury: 4.491%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Big things on Arbitrum from our friends at @Balancer!
Balancer v3 is now live on the ever-popular ETH L2, with all the gigabrain tech advancements included… such as hooks, boosted pools, custom AMMs, reduced complexity, low fees, fast transactions, optimized returns via automated yield generation through lending markets like Aave, StableSurge (a directional fee hook that defends stable asset pegs while rewarding LPs), and much more!
In addition, as per the thread below…
“In the coming weeks, Balancer v3 on @Arbitrum will roll out:
-6-week incentive program to bootstrap adoption
-veBAL Gauges to direct emissions to key pools
-External incentives from partner protocols
Maximizing opportunity and deepening liquidity for LPs.”
We will be continuing to highlight everything Balancer is shipping, so make sure to follow them on Twitter for more updates, and get all the info on the Arbitrum V3 rollout via the thread below!
Biggest TVL Movers + Else
Chains are mostly red today. Berachain has been added and is in spot #8 with $1.59B TVL.
Protocols are also mostly red. Only top 50 protocols up at least 10% on the weekly are Royco Protocol (#14), Stargate Finance (#36), and CIAN Protocol (#42).
Here’s The Top 12 Fastest-Growing Chains By TVL On The Weekly With At Least $1M TVL (from @DefiLlama):
Here’s The Top 12 Fastest-Growing 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 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 @cultsdotmoney. Twitter bio states “twitter anon to cult leader pipeline | Incubated by @bgirl_capital | coming to Berachain thoon”. Followed by 7 of our mutuals. h/t @AresLabs_xyz:
-Something new called @Blastbera. Twitter bio states “Earn absolutely nothing by holding $BLAST on @berachain . No points, no VCs, no influencers, no trash mobile app, no native yield. Nothing. Just $BLAST.”. Followed by 55 of our mutuals. h/t @AresLabs_xyz:
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)
Important News And Analysis
-Morning headlines from @Tyler_Did_It:
-More headlines c/o @layerggofficial:
-Defi headlines from @TheDeFinvestor:
-Sentiment on the TL remains extremely bearish but fundamentals could not look more bullish, h/t @MattHougan:
-As noted yesterday, scams are proliferating around the launch of Berachain (as they do with all big launches and airdrops), so make sure to be hypervigilant:
-January recap from @thedefivillain:
-Important reminder from @damskotrades that the last bull market saw long periods where everyone thought alts were permanently dead and BTC-D would stay permanently elevated as well:
-We don’t hear much about it on CT, but the IRL small business space (especially interest rate sensitive areas like real estate and automotive) are struggling immensely these days:
-Thoughts on AI and the evolving online economy - “the most valuable person today might be the ‘translator of the zeitgeist’ type…” - from @signulll:
-Bullish thoughts on the 10 yr and the dollar both falling (which again, would be very good for crypto prices) from @LDNCryptoClub:
-Interesting stat that Coinbase would be the 21st largest bank and 8th largest brokerage in the US if measured in those terms:
-New discussion between macro experts and Bitcoin fans @LukeGromen and @PrestonPysh:
-New crypto/macro livestream from @noahseidman (currently airing live as we publish this):
-Parting wisdom from @KevinWSHPod:
Conclusion
Have a great Friday lads and ladettes and stay alert out there!
And please RT/subscribe/etc if you found this valuable!
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Note
Lots of bullish updates from the team at @vertex_protocol!
They just released their new update ‘Vertex V3: The Vision For 2025 And Beyond’ outlining all the plans that are in the works!
“Vertex’s roadmap for 2025 is clear and ambitious:
☑️ 25+ EVM chains via Vertex Edge
☑️ Vertex Liquidity Pool (VLP)
☑️ Fully decentralized sequencer infrastructure
DeFi is moving fast.
Vertex moves faster.
Are you ready for the next era of on-chain finance?”
Click here to read it in full!
Also check out the thread below to get all the weekly news on Vertex, visit their site now at app.vertexprotocol.com to get started trading 60+ perps and spot markets, and make sure to follow them 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.