Happy Friday lads and ladettes! Last day of the week and last day of January!
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: $3.76T
Gold: $2830.40
Oil (WTI): $72.81
US 10Y Treasury: 4.516%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
More absolutely genius shipping from our friends at @Gasp_xyz!
Gasp is “crypto's first consolidated asset platform, secured by @eigenlayer” and we have been helping bang the drum about all the gigabrained tech they have been rolling out!
From the thread below:
“DeFi trading, be it on one single chain or cross-chain, has typical problems of high gas costs or fragmentation. There is no single place where users can trade all assets with convenience and cost guarantees. This problem is often exacerbated by relying on bridge technologies or centralized exchanges.
Gasp eliminates these trade-offs with an omnichain-rollup model that maintains the integrity of native assets and guarantees low costs for cross-chain spot liquidity pools.”
Get more information in the extremely detailed thread below, or read the entire paper in PDF form by clicking here!
We are going to be helping raise awareness about everything Gasp is rolling out, so make sure to follow them on Twitter for more updates!
Biggest TVL Movers + Else
Chains are mostly green today. Fastest-growing chains on the weekly with at least $50M TVL are Sonic, Kala, and Fraxtal.
Protocols are also quite green. Fastest-growing protocols on the weekly with at least $50M TVL are Cardano dex Splash Protocol, multichain lending protocol Silo Finance, multichain restaking protocol Parasail, multichain governance incentives protocol Abacus, and Bybit Staked SOL.
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 @domaprotocol. Twitter bio states “World's first purpose-built blockchain for DomainFi.” Followed by 5 of our mutuals. h/t @AresLabs_xyz:
-New project called @hyperdrive_box. Twitter bio states “Products by @delv_tech • Fixed rates, multiplied variable rates, no LP rollovers, & terms on-demand on ᛋ Hyperdrive One • Rate protection on ᛋ Fixed Borrow”. Followed by 5 of our mutuals. h/t @AresLabs_xyz:
-New project called @joincabal. Twitter bio states “Trade like an insider. Pre-release access opening soon. Shape the product. Maximize your points.” Followed by 9 of our mutuals. h/t @AresLabs_xyz:
-New project called @mevvynetwork. Twitter bio states “Where MEV Happens Create, discover, and capture MEV faster”. Followed by 11 of our mutuals. h/t @AresLabs_xyz:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (all types, $25M+ TVL) - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Security Alerts
-No security alerts today.
Important News And Analysis
-Morning headlines from @Tyler_Did_It:
-$PENGU airdrop claim period is apparently ending in just a few days, so highly advise looking into it if you haven’t already claimed, given how widespread the airdrop was and the variety of ways people qualified:
-$ETH breaking out of its downtrend? h/t @DaanCrypto:
-Increasing excitement about a prospective airdrop from Kraken’s new L2 Ink, h/t @DefiIgnas:
-More news curation from @layerggofficial:
-Summary of recent defi headlines of note from @TheDeFinvestor:
-Tether/Bitfinex/Paolo Ardoino are building a Bitcoin sidechain focused on stablecoin payments that is also being backed by Peter Thiel, h/t @fiddyresearch:
-Things happening re: the new Pudgy Penguins related Abstract Chain are catalyzing excitement:
-New article + project(s) on Sonic from Andre Cronje are generating a lot of attention:
-Bullish thoughts on defi + adoption + etc from @MikeIppolito_:
-First episode of a new podcast from @0xSmac, featuring an interview with @TheiaResearch:
-New weekly roll-up video from @BanklessHQ featuring special guest @hosseeb:
-New video from @phtevenstrong and @Dynamo_Patrick discussing various yield strategies and defi alfa and general market thoughts:
-New AI Agent Demo Days episode from @dabit3, for any of our readers interested in building AI Agents or learning more about the tech involved in them:
-New video from @thebellcurvepod featuring @MikeIppolito_ and @im_manderson discussing DeepSeek, crypto, and everything going on generally:
-New video from @theempirepod featuring @JasonYanowitz and @santiagoroel also discussing DeepSeek, crypto, and all the week’s news:
-New episode of NFA Live:
-New interview with tech/stablecoin/policy expert @CampbellJAustin from @Blockworks_:
-Valuable reminder from @thedefiedge:
-Parting wisdom from @dabit3:
Conclusion
Have a great Friday good degens! And stay alert out there!
And please RT/subscribe/etc if you found this valuable!
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Note
Take note! 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!
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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.