Happy Friday lads and ladettes! 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: $3.80T
Gold: $2778.03
Oil (WTI): $74.42
US 10Y Treasury: 4.611%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Once again good degens… @UseUniversalX is the first chain-agnostic, 100% non-custodial trading platform!
This revolutionary protocol is built by the gigachad crew at @ParticleNtwrk, who we are going to be helping raise awareness about going forward!
From their new article explaining it:
“A few weeks ago, we surprised the world with UniversalX: The first chain-agnostic trading platform.
With this release, we made onchain trading as simple as using a CEX.
What we didn’t tell you is that while releasing UniversalX, we were also preparing for its next iteration: UniversalX V2, a powerful upgrade that makes onchain trading just as professional and comprehensive. V2 introduces detailed, professional trading interfaces that build upon and retain our product’s original simplicity…”
Read the rest of the article here, and follow @UseUniversalX and @ParticleNtwrk on Twitter for more updates!
ALSO: We are embedding an extremely cool video below from Particle Network’s @TABASCOweb3 explaining @UseUniversalX! You should be able to click play and watch it within the Substack ux itself whether on the site or reading via email so make sure to check it out! :)
Biggest TVL Movers + Else
Chains are very green today. Chains with at least $100M TVL up at least 20% on the weekly include Sonic and Solana.
Protocols are also very green today. Protocols with at least $100M TVL up at least 60% on the weekly include Meteora, Sumer(dot)Money, and Silo Finance.
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 Revenue Generation (from @DefiLlama):
Bitcoin Fear/Greed Index:
(from @BitcoinFear)
Chart Of The Day
(Courtesy of our Official Sponsor @vertex_protocol)
-CRV is down from its recent high’s around $1.30, but is still far above its bear market lows…. Do you think it will benefit from the same institutional defi narrative that is propelling AAVE and LINK upward ? Express your thesis via spot or leverage now with Vertex and access 60+ other markets as well at app.vertexprotocol.com!
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 derivatives protocol on CronoszkEVM called @MoonlanderTrade has been added to @DefiLlama. Twitter bio states “Oracle-based, perpetual exchange on #Cronos zkEVM No moon too far. #CROFam”. Not followed by any of our mutuals but has $1M TVL.
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 from @Tyler_Did_It:
-Big problems with @THORChain are dominant topic of the day in defi, h/t @hosseeb:
-Lots of excitement regarding SAB 121 being rescinded, which should be a bullish development in numerous ways, h/t @dunleavy89:
-Signs continue to stack up suggesting inflation numbers in US will decline and/or trend sideways for the medium-term future (giving the Fed more room to continue cutting rates and thus benefitting crypto prices), h/t @WarrenPies and @NickTimiraos:
-Trump continues to make comments that interest rates need to come down; that the Executive Branch should have more say on interest rate policy; and that his goal of reducing energy prices should bring inflation down which will in turn allow for lower interest rates:
-New free, open-source AI tool DeepSeek continues to generate massive attention, h/t @pmarca:
-More thoughts on DeepSeek from @signulll:
-Bullish thoughts of late from @noahseidman on potential for the dollar, yields, and bond volatility to all start coming down (which would all be very bullish for crypto prices):
-Horrible story out of France re: kidnapping of Ledger co-founder and his wife is stark reminder to practice extreme hypervigilance, h/t @0xLouisT:
-Excellent long-form article on crypto x AI from @0xPrismatic:
-Reminder that the era of nearly every individual nation-state having its own separate currency may rapidly be coming to an end:
-Morning crypto news overview from @blocmatesdotcom (livestreamed Friday morning):
-New episode of NFA Live (livestreamed Thursday):
-New interview with well-known macro commentator and Bitcoin-evangelist @LynAldenContact from @fejau_inc at @Blockworks_:
-New weekly rollup from @BanklessHQ:
-New roundtable discussion from @0xResearch on Trump, Solana, and more:
-New discussion between @Dynamo_Patrick and @phtevenstrong on yields, overall crypto landscape, and more:
-Parting wisdom c/o @Jesseckel:
Conclusion
Have a great Friday and stay alert out there friends!
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.