Happy Monday friends! Quite a morning so far!
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: $3.58T
Gold: $2743.70
Oil (WTI): $73.50
US 10Y Treasury: 4.548%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
APR’s keep surging good anons!
As seen in the @mauricedefi tweet below, Vertex users on Sei are currently earning extremely high yields on USDC!
In addition, $VRTX-stakers are continuing to earn hearty double-digit yields as well, with APR’s currently coming in at 45.49%!
And… with new deployments on Sonic and Botanix and an extension of the Vertex omnichain liquidity infrastructure coming via the BroTrade deployment on Berachain, things are only looking more bullish in this regard!
Get started yield-maxxing now as well as trading 60+ perps and spot markets at app.vertexprotocol.com and make sure to follow them on Twitter for more updates!
Biggest TVL Movers + Else
Chains are very red today. Only top 50 chains up at least 10% on the weekly are PulseChain (#16), ZKsync Era (#29), and Sonic (#30).
Protocols are also quite red. Only top 50 protocol up at least 10% on the weekly is Meteora (#32).
Here’s The Top 12 Fastest-Growing Chains By TVL On The Monthly With At Least $100M TVL (from @DefiLlama):
Here’s The Top 12 Fastest-Growing Protocols By TVL On The Monthly With At Least $100M 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 @ethstrateg. Twitter bio states “The next MicroStrategy open source and built onchain”. Followed by 46 of our mutuals. h/t @JustinCBram and @josephdelong:
-New project called @tryfomo. Twitter bio states “Never miss out again.” Followed by 31 of our mutuals. h/t @AresLabs_xyz:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (all types, $20M+ TVL) - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Security Alerts
-No security alerts today.
Important News And Analysis
-Morning headlines from @Tyler_Did_It:
-Much focus on stocks opening extremely red today, with most explanations focusing on the news about DeepSeek, and a smaller cohort focusing on intricacies of the Yen carry trade:
-Thoughts on the DeepSeek question from @RaoulGMI (basically summarizing the Jevon’s Paradox take on the issue, which is getting much attention today):
-Thoughts on the DeepSeek question from @WClementeIII:
-Much focus on launch of Pudgy Penguins linked @AbstractChain today, h/t @NewsInSmol:
-Additional headlines c/o @blocmatesnews:
-$TAO seeing some outperformance this morning, h/t @DaanCrypto:
-@JasonYanowitz on the death of non-crypto ‘FinTech’:
-Lot of focus on Eclipse in airdrop-focused circles, h/t @KryptoCove:
-Tether’s @paoloardoino on GPU’s/AI/etc:
-Thoughts on unheralded cycle winners from @0xNairolf:
-New video of TA and general market analysis from @DaanCrypto:
-Video of top yield farming strategies on Base from @phtevenstrong:
-New @pmarca appearance on Lex Fridman that’s getting lots of attention in crypto + tech circles:
-Parting crypto-adjacent wisdom from @danielgothits:
Conclusion
Happy Monday friends! Stay alert out there!
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.