Happy Saturday friends! Quite the night we’ve had!
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: $3.78T
Gold: $2740.00
Oil (WTI): $77.88
US 10Y Treasury: 4.623%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Things in crypto are heating up, and our official sponsor @vertex_protocol is surging in direct proportion with it!
In 2024 Vertex saw:
-5 new cross-chain deployments
-$139B in volume
-$14M in net revenue
-Over 1M batched transactions settled seamlessly across ecosystems
-$2M in $USDC interest earned by depositors
-$7M in staking rewards
-And millions in rewards paid to traders across multiple ecosystems!
All of the above is just the start though, and 2025 is poised to be even bigger!
Volumes are sky-high… and associated APR’s for $VRTX-stakers are matching them! (see screenshot below for live stats regarding $VRTX-staking!)
As always - get started trading 60+ perps and spot markets and/or APR-maxxing now at app.vertexprotocol.com and make sure to follow them on Twitter for more updates!
Biggest TVL Movers + Else
Chains are mixed today. Fastest-growing chains on the weekly with at least $100M TVL are Sonic, Kala, and PulseChain.
Protocols are mixed today as well. Fastest-growing protocols on the weekly with at least $100M TVL are CIAN Protocol, Folks Finance, PulseX, Bybit Staked SOL, and Beets.
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/newish liquid-staking protocol on Soneium called @neemofinance has been added to @DefiLlama. Twitter bio states “Liquid staking for ASTR and liquid restaking for ETH, with ETH restaking in partnership with @ether_fi . Building on @soneium”. Followed by 7 of our mutuals.
-New derivatives protocol on Sei called @citrex_markets has been added to @DefiLlama. Twitter bio states “Cryptocurrency Derivatives Exchange”. Followed by 2 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
-President-elect Trump shocked markets by dropping a memecoin on Solana late last night, with many initially thinking his twitter account had been hacked:
-The new coin in question ran to over $20B during the course of the night, h/t @mdudas:
-Solana performance during the insanity generated much attention as well, and $SOL-price spiked overnight, h/t @dunleavy89:
-Incoming Treasury Secretary Scott Bessent attended the ‘Crypto Ball’ in D.C. last night, h/t @fejau_inc and @ramahluwalia:
-Over 50% of circulating PRIME is now staked for PROMPT airdrop later in Q1, h/t @ParallelAiRev:
-Headlines from Treasury generated much attention yesterday as well, h/t @dunleavy89:
-More bullish thoughts on the above, from @LDNCryptoClub and @zerohedge:
-Speculation that Saylor may get even more aggressive with his BTC/MSTR flywheel, h/t @hufhuas9:
-Vitalik just posted the following the tweet about the Ethereum Foundation that is already generating much debate:
-@alpha_pls released an article analyzing the prospective @_kaitoai airdrop and what ‘Yaps’ might be worth in it, catalyzing much excitement and discussion:
-Massive amount of ETF filings the last 48 hours, h/t @NateGeraci below + additional (important) thoughts from him on the implications:
-New crypto/macro roundup from @qthomp and @fejau_inc and co on @Blockworks_:
-New interview with Kaito founder Yu Hu @Punk9277 from @KevinWSHPod:
-New interview with @0xBags from @jediblocmates at @blocmatesdotcom:
-New All In Podcast to keep track of what’s going on in Silicon Valley Gen-X land:
-New roundtable brypto discussion featuring @phtevenstrong and @Dynamo_Patrick:
-Important reminder from @ahboyash:
Conclusion
Have a great Saturday friends and don’t forget to touch some grass this weekend!
And please RT/subscribe/etc if you found this valuable!
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Note
The team at @silentdao_ continues building hard to create the premier middleware privacy infrastructure for defi!
To quote their new article:
“Our vision is to enable a secure, anonymous, computational access layer.
And this is made up of two components:
-A secure value transfer layer
-An architecture that enables us to interact with an application privately”
Learn more from their new article by clicking below 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.