Happy Tuesday friends! The excitement continues!
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: $3.62T
Gold: $2762.50
Oil (WTI): $73.31
US 10Y Treasury: 4.575%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
DeepSeek has been the dominant topic this week, precipitating a massive drop in Nvidia that equaled more than the entire market cap of Ethereum, and generating intense debate regarding implications for Crypto-AI tokens.
The team at @Cod3xOrg did a new livestream discussing it, and we encourage you to watch it in full to get their insights!
Once again, Codex been at the forefront of the AI x Crypto confluence since before it even emerged as a dominant meta this year.
They shipped the very first Crypto x AI app on the ChatGPT Store way back in 2023, and their collective knowledge on the overlap between these two emergent technologies is unparalleled.
They have been extensively testing DeepSeek themselves and discuss all the major questions and variables surrounding it in the video below!
Check it out via the embedded tweet… make sure to follow Bebis, Cod3x, and their first flagship agent @BigTonyXBT on Twitter for more alfa… and watch out for further updates as we continue highlighting everything they are shipping!
Biggest TVL Movers + Else
Chains are quite green today. Only top 50 chains down more than 10% on the weekly are Hyperliquid (#10), Zircuit (#18), Blast (#25), and Thorchain (#28).
Protocols are quite green as well today. Only top 50 protocols down more than 10% on the weekly are Hyperliquid (#30 - note: DefiLlama lists it as both a chain and a protocol), and Zircuit Staking (#37).
Here’s The Top 12 Fastest-Growing Chains By TVL On The Monthly With At Least $1M TVL (from @DefiLlama):
Here’s The Top 12 Fastest-Growing Protocols By TVL On The Monthly With At Least $1M TVL (from @DefiLlama):
Here’s The Top Entities By 24 Hour Fee Generation (from @DefiLlama):
Here’s The Top 12 Dex’s By 7 Day Volume (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 @MemeticaAI. Twitter bio states “MemeticaAI is an AI agent platform powered by @qstarlabs_ai | Platform Updates | Token Info | BUILD YOUR AGENT TODAY |” Followed by 11 of our mutuals.
-New dex on Soneium called @SonusExchange has been added to @DefiLlama. Twitter bio states “▫️ Your All-in-One Trading Destination ▫️ Setting the Standard: The Native DEX on @Soneium Chain, Shaping the Future of Trading and Liquidity.” Followed by 4 of our mutuals.
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (single-exposure, no-IL, $20M+ TVL) - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Security Alerts
-No security alerts today.
Important News And Analysis
-Morning headlines from @Tyler_Did_It:
-$NVDA drop yesterday is dominant topic on the TL as DeepSeek-catalyzed AI debates continue to heat up, h/t @charliebilello:
-$ETH price holding on but continuing to struggle, h/t @DaanCrypto:
-$VVV/@AskVenice airdrop has been major topic within crypto the last 24 hours, h/t @DefiIgnas:
-If you used @AskVenice or own any of the following tokens it appears you may qualify:
-Reminder that shelter data is pushing official inflation numbers down (or will be soon), which will give Fed further cover to cut rates, h/t @truflation:
-$WIF chart is down, mirroring the current decline in speculative sentiments across the crypto market, h/t @marcusmoles:
-Stonk x Bitcoin synthesis continues to grow, h/t @DylanLeClair_:
-$TAO/Bittensor is back at the top of the AI mindshare chart on @_kaitoai:
-Additional headlines from @blocmatesdotcom:
-Various thoughts from @santiagoroel:
-New video on everything airdrop-related from @KryptoCove:
-New interview from @0xResearch with @LucaNetz on launch of Pudgy Penguins-linked Abstract Chain:
-New video discussing the crypto markets from @DocXBT:
-New crypto/macro livestream from @noahseidman:
-New video on everything ETH-tech related from @Sassal0x:
-New video discussing various Solana metrics and more, from @Dynamo_Patrick:
-Parting wisdom from @punk6529:
Conclusion
Have a great Tuesday friends! Stay alert out there!
And please RT/subscribe/etc if you found this valuable!
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Note
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!
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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.