Happy Thursday good degens! January is almost over!!!
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: $2824.60
Oil (WTI): $73.42
US 10Y Treasury: 4.528%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Take note anon… the gents at @vertex_protocol continue to deliver some of the highest yields in all of defi!
USDC depositors on Vertex’s Sei deployment have been earning 61% APR recently!
And VRTX-stakers are routinely earning 40%+ APR’s as well!
Things are only looking more bullish in this regard, as volumes continue surging (which leads to higher APR’s) via additional deployments on chains like Sei and Base and Sonic and Botanix… and to Berachain via @brotrade_DEX!
Learn more about Vertex via the below interview that co-founder @DariusTabai just did with @samkamani!
Listen to it by clicking here now or via the hyperlinked screenshot below!
Biggest TVL Movers + Else
Chains are quite green today. Only top 50 chains down more than 10% on the weekly are Hyperliquid (#10), Blast (#25), and Kava (#39).
Protocols are also quite green today. Only top 50 protocols red on all three timelines (daily, weekly, monthly) are Usual (#35), Hashnote USYC (#36), and Karak Protocol (#49).
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 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!)
-New dex on Plume called @roosterprotocol has been added to @DefiLlama. Twitter bio states “Official #RWA liquidity hub on @plumenetwork , powered by @mavprotocol . Pioneering the future of #RWAFi .” Followed by 1 of our mutuals.
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (all types, $1M+ TVL) - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Security Alerts
-No security alerts today.
Important News And Analysis
-Morning headlines c/o @Tyler_Did_It:
-@nic__carter on the significance of Powell’s comments on crypto yesterday:
-President Trump came out with notable comments in response to the FOMC Meeting yesterday, as tension between the incoming administration and the Fed continues to percolate:
-Much excitement and discussion over the last 24 hours regarding this JELLY stuff, example c/o @eden_ below:
-Bitcoin still dominating alts, h/t @0xThoor:
-Lots of focus on long-duration US bonds (if yields go lower that should be bullish for crypto), h/t @LDNCryptoClub:
-CowSwap continuing to generate lots of excitement despite not getting as much attention as other large defi protocols, h/t @ameensol:
-Ongoing debate on the TL about whether @pumpdotfun has been a net positive for crypto and Solana, h/t @0xMert_ and @Travis_Kling:
-Esoteric bull-poasting from @goodalexander on AI- and specifically open-source and/or extra-national AI potentially having hit escape velocity and being insanely bullish for crypto- if reading correctly:
-$TRUMP chart generating discussion as it consolidates sideways at the $5.5B FDV mark, h/t @rasmr_eth:
-Absolutely giant post of potential airdrops to be aware of, from @flb_xyz:
-Full video of Jerome Powell’s press conference yesterday:
-New livestream from deep in the trenches with @Grantblocmates and @jediblocmates discussing everything going on in the crypto markets:
-Post-FOMC debrief from Joseph Wang @FedGuy12:
-New roundtable from @theempirepod featuring @FloodCapital, @ZeMariaMacedoa, @YanLiberman, and @ceterispar1bus discussing everything going on in crypto (and AI):
-New Bitcoin-focused interview with Alex Thorne @intangiblecoins from @pahueg:
-New video from @0xResearch podcast featuring a roundtable discussion of @JupiterExchange and a bunch of other Solana-related topics:
-New crypto/macro livestream from @noahseidman:
-New Abstract airdrop focused video from @KryptoCove:
-Parting bullishness from @notthreadguy:
Conclusion
Happy Thursday friends! Stay alert 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.