Happy Wednesday good degens! There is quite a tingle of bull market energy in the air!
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: $3.85T
QQQ (Nasdaq 100): $554.69
Gold: $3,347.40
Oil (WTI): $66.03
US 10Y Treasury: 4.485%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Our Official Sponsor @upshift_fi continues to be one of the top breakout defi protocols of 2025!
-They are on the cusp of $400M in TVL (see first tweet below)!
-Their Hyperbeat Ultra HYPE Vault (one of the best possible ways to get exposure to the HyperEVM ecosystem and its prospective airdrops right now!) has surpassed $69M TVL…
-They just rolled out a mega-bullish new integration with HyperEVM’s @Okto_wallet…
-Their new integration with Pendle is generating massive excitement! (see second tweet below)!
-And… they just rolled out their new Season Two update, which includes 1) massive defi-lego composability via Upshift vault receipt tokens, and 2) huge Upshift Points opportunities for users!
Visit the Upshift site to check out all the vaults they have available, and make sure to follow them on Twitter for more updates!
Biggest TVL Movers + Other Interesting Data
Chains are red for some reason again in terms of TVL on @DefiLlama, not sure if Frog is doing something incorrect with the data or if its just an idiosyncrasy of how its measured. With that said the best performing top 25 chain on the weekly is Sui (#8) at +16.86%.
Protocols are green today, as one would expect, and the best-performing top 25 protocol on the weekly is Binance Staked ETH at (#4) at +23.44%.
Here’s The Top 12 Fastest-Growing Chains By TVL On The Weekly With At Least $100M TVL (from @DefiLlama):
Here’s The Top 12 Fastest-Growing Protocols By TVL On The Weekly With At Least $100M TVL (from @DefiLlama):
Here’s The Top 10 Entities By 24 Hour Revenue (from @DefiLlama):
Bitcoin Fear/Greed Index:
(from @BitcoinFear)
New Projects
(note: this includes new projects we find through combing Twitter each day and going through newly launched protocols added by @DefiLlama, limited primarily to new projects that have at least some TVL or are followed by at least some of our mutuals… Disclaimer: these are not pre-vetted by us so make sure to DYOR!)
-Something new called @slab_cash. Twitter bio states “Coming soon.” Followed by 10 of our mutuals. h/t @AresLabs_xyz and @0xnobi:
-Something new called @robinmarketsxyz. Twitter bio states “Yield-bearing prediction markets on Berachain.”. Followed by 5 of our mutuals. h/t @AresLabs_xyz:
-Something new called @SafuLabs. Twitter bio states “The first self-repaying insurance protocol. Built on @ethereum”. Followed by 3 of our mutuals. h/t @AresLabs_xyz:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (all types, $25M+ TVL only) - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Important News And Analysis
-The PumpFun team has been doing buybacks over its first two days trading, and the DOJ has dropped its investigation into Polymarket, h/t @Tyler_Did_It:
-Defi TVL is back above its current cycle high’s but still not quite as high as its peak from 2021, h/t @defi_warhol:
-@MustStopMurad’s famous memecoin portfolio is apparently back at all-time high’s, h/t @greybtc:
-The Pump vs Bonk battle continues, h/t @crypto_condom:
-Kaito is launching its new capital launchpad, h/t @sjdedic:
-Debate continues on whether Trump firing Jerome Powell would be bullish or bearish for markets, h/t @gametheorizing:
-Great list of upcoming alfa from @Only1Temmy:
-New Trump executive order to allow 401k’s to invest in private equity is generating lots of debate. Negative take below from @onechancefreedm but we have seen some positive takes on it as well:
-Good list of daily tools from @TheDeFinvestor:
-A massive US healthcare crisis continues to bubble under the surface:
-Good security tips from @slappjakke:
-Is it finally $ETH’s time to shine? h/t @DefiIgnas:
-New interview with macro gigabrain Doomberg:
-New interview with @MustStopMurad:
-New Forward Guidance interview with David Beckworth:
-New HyperEVM airdrop farming overview from @Grantblocmates:
-New @Unchained_pod roundtable (aired yesterday):
-New @notthreadguy interview with @fejau_inc:
-Is crypto the ultimate generational-arbitrage trade and are we still early to it? Parting sentiments from @BowTiedBroke:
Conclusion
Have a great Wednesday and stay alert out there friends!
And please RT/subscribe/etc if you found this valuable!
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Note
Take heed good degens that @Mantle_Official has expanded far beyond their beginnings as an Ethereum L2, and are now a fully fledged crypto giga-entity building a massive host of solutions in the service of humanity’s switch to blockchain-based financial rails!
And, more than anything, they are leading the charge in a new global category: Blockchain For Banking!
This is seen in their recent launch of UR Neobank - “a borderless smart money app that makes it easy to spend and off-ramp, all in one place…” as well as numerous other initiatives they are currently focused on!
Beta access is now open for UR, so learn more in the thread below, make sure to follow Mantle on Twitter/X for more updates, and stay tuned as we continue shining a light on everything they are shipping!
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***Note On Material: The ‘Spotlight’ and ‘Note’ sections and info on our Official Sponsor 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.