Happy Thursday friends! Lots of stuff going on!
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: $3.91T
QQQ (Nasdaq 100): $561.41
Gold: $3,335.60
Oil (WTI): $67.15
US 10Y Treasury: 4.451%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Take note good frogs! @Catex_Fi is now live on Unichain!
Catex is the MetaDEX for Uniswap v4, and comes from the team at @LynexFi on Linea who we have been helping bang the drum about over the last year!
As they state:
“Catex is here to be @Unichain’s Uniswap v4 home.
Built for hook innovation.
Driven by aligned incentives.
Launching with intent…”
Liquidity mining is live as well - with dual rewards in $UNI + oCATX (this is one of the highest-yielding opportunities on @Unichain!)...
And veCATX holders can vote to direct emissions and earn fees, incentives, and rebases!
Follow Catex on Twitter for continued updates and stay tuned as we continue shining a light on everything they are doing!
Biggest TVL Movers + Other Interesting Data
Chains are very green today. Fastest-growing chains on the weekly with at least $50M TVL are Kaia, Stellar, and Goat.
Protocols are also very green today. Fastest-growing protocols on the weekly with at least $50M TVL are International Meme Fund, WemixFi, and PulseX.
Here’s The Top 12 Chains By TVL (from @DefiLlama):
Here’s The Top 12 Protocols By TVL (from @DefiLlama):
Here’s The Top 10 Entities By 24 Hour Fee Generation (from @DefiLlama):
Here’s The Top 12 Chains By 7 Day Stablecoin Inflow (from @DefiLlama):
Here’s The Altcoin Season Index Chart (from coinglass(dot)com):
Bitcoin Fear/Greed Index:
(from @BitcoinFear)
Top Yield Opportunities
(Note! This section is brought to you by our Official Sponsor @upshift_fi! We will include some of their top yield opportunities below as well some of the top ones from sorting on @DefiLlama (single-exposure, no-IL, $25M+ TVL) - note: the DefiLlama ones are just pulled from the raw data, so make sure to always DYOR!)
-18.00% APY on Injective USDT strategy - managed by MNNC Group - with additional 5x Bonus Points - via Upshift (click here)
-15.00% APY on the August Mezo tBTC strategy - managed by August Digital - with additional 5x Bonus Points - via Upshift (click here)
-10.50% APY on Sylva concentrated liquidity strategy - managed by Sylva(dot)money - with additional 5x Bonus Points - via Upshift (click here)
-10.20% APY on rsETH strategy - managed by Edge UltraYield - with additional 5x Bonus Points - via Upshift (click here)
-8.00% APY on USDC lending strategy - managed by August Digital - with additional 5x Bonus Points - via Upshift (click here)
-Varied and massive HyperEVM airdrop exposure on Hyperbeat Ultra HYPE vault - managed by Edge UltraYield - with additional 5x Bonus Points - via Upshift (click here)
-14.76% on STUSR on Resolv h/t DefiLlama research
-12.49% APY on USDS on Yearn h/t DefiLlama research
-11.71% APY on SUSDE on Echelon Market (on Aptos) h/t DefiLlama research
-11.25% APY on USDC on Stream Finance h/t DefiLlama research
-9.55% APY on USDC on Goldfinch h/t DefiLlama research
-7.73% APY on GHO on Aave V3 h/t DefiLlama research
Check out the full list of Upshift yield opportunities here or by clicking the banner below!
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/newish called @Ostrich_HQ has been added to @DefiLlama, categorized as a derivatives protocol on Arbitrum. Twitter bio states “The Global Exchange. Onchain. Trade 50+ stock perps from US, China and other geographies.” Followed by 13 of our mutuals.
Important News And Analysis
-Coinbase announced a major wallet/app upgrade + rebrand that has generated much attention (in the lead up to it many speculated they might be doing a token for Base but this was not the case), h/t @Tyler_Did_It:
-Bullish thread on the above from @redphonecrypto (click to read in full):
-The Treasury Company meta continues to explode, especially vis a vis $ETH, h/t @DynamoDeFi:
-$SOL is outperforming $BTC on the monthly but is trailing behind $ETH, TA on it below from @DaanCrypto:
-Reports that the US government may have sold the majority of its Bitcoin generated much attention over the last 24 hours (as of publishing this we have still not seen an exact answer on whether or not this happened though):
-Continued focus on Fantasy Top’s migration from Blast to Base, h/t news from @TheDeFinvestor:
-Interesting story that Compound Finance founder @rleshner bought 59% of a microcap-stock liquor company is generating much discussion re: what he might do with it:
-Coinbase/$COIN is up 60% in the past month, h/t @Tyler_Did_It:
-Is distribution increasingly the dominant variable? h/t @Punk9277 and @LucaNetz:
-@kinetiz_xyz and $kHYPE generating massive attention today, h/t @NPC_68 and @MingoAirdrop:
-Idea that “The cost of energy (and compute) is going to zero” is getting increasingly popular:
-New video discussion between Toly and Mert from Solana:
-New $ETH-focused video from @BanklessHQ:
-New interview with @pahueg from TFTC:
-Good new macro-relevant discussion on AI and robotics:
-New @0xResearch roundtable:
-New Rick Rule interview for our hardcore macro nerds:
-New episode of Rekt Radio (aired fourteen hours ago):
-New @coinbureau video on ETH vs SOL:
-Parting wisdom from @gladiatorsats:
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 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.