Happy Saturday friends! 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: $3.75T
Gold: $2775.00
Oil (WTI): $74.66
US 10Y Treasury: 4.617%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
The @vertex_protocol liquidity flywheel keeps expanding! With the honey-drenched shores of Berachain-land being the newest addition! (see tweet from Vertex co-founder @DariusTabai below!)
This is taking place via @brotrade_DEX - who will be using Vertex’s omnichain liquidity infra @EdgeLayer to provide perps trading on Berachain when it launches!
This deployment is a perfect example of how the advanced liquidity-provisioning architecture pioneered by the Vertex team via @EdgeLayer is allowing for an explosive rise in Vertex-facilitated volumes…
Both Vertex instances on new chains as well as separate projects such as @brotrade_DEX can utilize Edge to boost liquidity for traders… which results in increased volumes… which results in more fees… which in turn boosts value for the VRTX token!
Get started now trading 60+ perps and spot markets and earn some exquisite yields at app.vertexprotocol.com and get more updates by following them on Twitter as well!
Biggest TVL Movers + Else
Chains are mixed. Only top 50 chains up at least 40% on the monthly are Zircuit (#15), ZKsync Era (#29), and Sonic (#37).
Protocols are also mixed today. Only top 50 protocols up at least 40% on the monthly are Raydium (#16), Binance Staked SOL (#26), Meteora (#32), and StakeStone (#47).
Here’s The Top 12 Fastest-Growing Chains By TVL On The Weekly With At Least $100M TVL (from @DefiLlama):
Here’s The Top 12 Fastest-Growing Protocols By TVL On The Weekly With At Least $100M 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!)
-Something new called @angstromxyz. Twitter bio states “The future of decentralized exchange by @SorellaLabs”. Followed by 12 of our mutuals. h/t @AresLabs_xyz:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (all types, $20M+ 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
-All sorts of big news from Solana land today, including @JupiterExchange acquiring a majority stake in @moonshot, as well as @virtuals_io expanding to Solana, h/t @mdudas:
-ETH TA from @DaanCrypto:
-The famously ‘Up-Only’ SUI chart is finally showing signs of weakness, h/t @thedefivillain:
-Additional headlines c/o @blocmatesdotcom:
-New ‘Kaito Connect’ feature from @_kaitoai is generating much attention, h/t long-form tweet from @thedefiedge below (click to read in full):
-Nascent bribes market relating to the above is popping up, with increased discussion over possibility of a Kaito Connect CurveWars-style bribe-marketplace flywheel meta developing, h/t @liam_xbt:
-Continued speculation on a Kaito airdrop as well and how much ‘Yaps’ might be worth, h/t @happysubstack:
-Contrarian $ETH bull-post from @iamDCinvestor, with the reminder that the Bitcoin that the Trump family defi protocol WorldLibertyFi has been buying is actually $WBTC on Ethereum:
-Interesting thoughts on DeepSeek, chips, compute, etc from @nearcyan:
-Crypto and AI and startups and capital formation and the global economy in general continues to evolve at record pace, h/t @QwQiao and @AlokVasudev:
-Reminder to always be very purposeful and hypervigilant regarding wallet hygeine, permissions, opsec, etc, h/t @0xShual:
-New episode of @Blockworks_ featuring @qthomp and @fejau_inc discussing the crypto and macro:
-New All In Podcast:
-New interview with Synthetix founder Kain Warwick @kaiynne from @KevinWSHPod:
-New weekly roundup from @theempirepod featuring @santiagoroel and @JasonYanowitz going over all the week’s top crypto stories:
-Parting thoughts from @0xCygaar:
Conclusion
Have a great Saturday and don’t forget to touch some grass this weekend friends!
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.