Happy Wednesday good degens! 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: $3.59T
Gold: $2774.00
Oil (WTI): $73.38
US 10Y Treasury: 4.538%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
As previously mentioned, our official sponsor @vertex_protocol had an absolutely massive year in 2024 and 2025 is looking even more bullish…
Here’s everything that’s going on:
-Upgrades to produce even deeper omnichain liquidity via their custom infra @EdgeLayer…
-New deployments on Sonic and Botanix… and to Berachain via @brotrade_DEX…
-Major rewards for users on SEI…
-Equally big rewards for users on Base…
-More lucrative competitions for traders…
-Absolutely MASSIVE APR’s for LP’s and VRTX stakers!
-And much more that is yet to be announced!!! :)
Vertex co-founder @DariusTabai just did an interview with @samkamani that is available on Spotify discussing everything going on with Vertex and sharing thoughts on defi in general…
Listen to it by clicking here now or via the hyperlinked screenshot below!
Biggest TVL Movers + Else
Chains are quite red today. Fastest-growing chains on the weekly with at least $10M TVL are Morph, Proton, and Sonic.
Protocols are quite red today as well. Fastest-growing protocols on the weekly with at least $10M TVL are Clearpool, Capybara Exchange, Rings, Seamless Protocol, and Zoth.
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 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!)
-Something new called @eth_proofs. Twitter bio states “L2beat for zkVMs accelerating Ethereum SNARKification”. Followed by 9 of our mutuals. h/t @AresLabs_xyz:
-New project called @dracula_labs. Twitter bio states “unveiling the agentic hidden layer”. Followed by 4 of our mutuals. h/t @AresLabs_xyz:
-New project called @beraidotmoney. Twitter bio states “The Native Hub of DeFAI on Berachain | Incubated by @beradigm_xyz | █░░░░░░░░░░” Followed by 13 of our mutuals. h/t @AresLabs_xyz:
-New dex on Sonic called @XPRESSprotocol has been added to @DefiLlama. Twitter bio states “Launching soon on Sonic 💥” 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
-FOMC Meeting/Fed interest rate decision is today, with market expecting Powell to keep rates unchanged, h/t @DaanCrypto:
-Underlying theme of FOMC Meeting/Fed interest rate decision today is the question of Fed independence, and the tension between Federal Reserve Chairman Jerome Powell and President Trump, who has been very vocal about his desire for more say in interest rate policy and his belief that rates should be lower than they currently are, h/t @fejau_inc:
-Other central banks continue to cut rates, such as Canada, h/t @zerohedge:
-Morning headlines c/o @Tyler_Did_It:
-@phantom wallet - the primary wallet used for navigating the Solana ecosystem and one of this cycle’s biggest success stories- has added support for the Sui blockchain- also one of this cycle’s biggest winners (at least in terms of SUI token price - whereas Sui fans will be hopeful this integration will help kickstart organic usage and TVL growth as well):
-Lot of crypto tokens down bad despite Bitcoin still being over 100k, h/t @NickDGarcia:
-RSI check-in from @DaanCrypto:
-Two new notable PumpFun competitors to keep an eye on, h/t @Tyler_Did_It:
-Additional headlines from @blocmatesdotcom:
-Evolving Saylor/MicroStrategy flywheel continues to inspire a lot of bullish sentiments, example c/o @0xjaypeg:
-New article from @alpha_pls on why this cycle has been difficult for crypto participants:
-New @blocmatesdotcom video of @Grantblocmates going over all the current developments in the Hyperliquid ecosystem:
-Great new AI-focused interview with @abcampbell from @fejau_inc at @Blockworks_:
-New @dabit3 video for those interested in building their own AI Agents:
-New video on @JupiterExchange - one of Solana’s most famous + successful projects - from @Dynamo_Patrick:
-New video on Sui from the @coinbureau channel:
-Parting wisdom from @danielgothits:
Conclusion
Have a great Wednesday friends! Stay hypervigilant out there!
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.