Happy Friday lads and ladettes! Exciting times we are living through!
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: $3.92T
QQQ (Nasdaq 100): $560.75
Gold: $3,354.00
Oil (WTI): $67.36
US 10Y Treasury: 4.421%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Big news from our Official Sponsor @upshift_fi - who just reached $400M in TVL!
This is a massive milestone for Upshift and we are absolutely pumped for them and extremely proud to have helped bang the drum about everything they are doing these last few months!
As outlined below by Upshift co-founder @aya_kantor, Upshift has yield-maxxing vaults all across the defi-verse, on numerous chains, and for a variety of assets including stables, $BTC, $ETH, and more… They have recently introduced composability for their vault receipt tokens as well, unlocking a host of extremely cool defi money-lego possibilities!
In addition, they have the VERY popular Hyperbeat vault that gives depositors access to 5+ different prospective HyperEVM ecosystem airdrops…
And by depositing in their vaults you can earn Upshift Points as well!
Upshift does not yet have a token (hence the aforementioned Upshift Points), but it is clearly on a trajectory to be among the top tier of defi protocols alongside Aave, Maple, Pendle, and the rest!
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 very green today. Only top 25 chains red on the weekly are Hyperliquid L1 (#9), Berachain (#18), CORE (#20), and Hemi (#22).
Protocols are very green today as well. Only top 25 protocols red on the weekly are Sky (#9), and BlackRock BUIDL (#17).
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 Token-Holders’ Revenue (from @DefiLlama):
Here’s The Top 12 Chains By 7 Day Stablecoin Inflow % (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 @stablecoin_x. No Twitter bio. Followed by 22 of our mutuals. h/t @twindoges (make sure to give him a follow!):
-Something new called @ElytraProtocol. No Twitter bio. Followed by 5 of our mutuals. h/t @twindoges:
-Something new called @NestExchange. Twitter bio states “The trading and liquidity engine for @hyperliquidx”. Followed by 6 of our mutuals. h/t @twindoges and @manfromhell_eth:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (single-exposure, no-IL, $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
-Total crypto market cap hit $4T for the first time in history overnight as crypto utterly dominated the news cycle the last 24 hours, h/t @NateGeraci:
-News that Trump may sign an executive order allowing 401k investments into crypto is generating much attention today, h/t @Tyler_Did_It:
-The Treasury Company meta continues to explode, h/t @ayyyeandy:
-Very interesting news that Aave may be letting Kraken’s L2 ‘Ink’ launch a whitelabel version of it (the first time this has been done), h/t @DefiIgnas:
-Lots of excitement about Galaxy Digital/$GLXY, with both @crypto_condom and @blknoiz06 bull-posting about it today:
-Memecoins back in the spotlight as Murad (SPX6900), Unipcs ‘Bonk Guy’ (BONK), and DipWheeler (Fartcoin) continue their upward arcs, h/t @Grantblocmates and @blocmatesdotcom:
-Pudgy Penguins and Luca Netz continue to have massive success, with Tom Lee now sporting a Pudgy Penguins pfp, h/t @0xBreadguy:
-Continued dollar weakness making many extra bullish re: crypto’s near-term future, h/t @noahseidman:
-Airdrop alfa on @Lighter_xyz from @DidiTrading:
-What teams to bet on as the bull market ramps up? Thoughts below from @mattdotfi and @crypthoem:
-Valuable trading/investing thoughts from @DaanCrypto:
-New Llama Party from @leviathan_news featuring Amadeo Brands from YieldNest:
-New discussion between @santiagoroel and @JasonYanowitz:
-New @noahseidman crypto/macro livestream (airing live as we publish this):
-New Digital Asset News livestream (aired 12 hours ago):
-New TBPN livestream (aired 14 hours ago):
-Massive livestream from @therollupco (aired 14 hours ago):
-New discussion between @pythianism and @MikeIppolito_:
-New macro interview with Doomberg:
-New @notthreadguy video featuring @0xsmac:
-“…the best thing we can do right now is to max out our personal compute…” - great parting wisdom from @0xPrismatic:
Conclusion
Happy Friday good degens! Stay alert out there!
And please RT/subscribe/etc if you found this valuable!
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Note
Huge news from Maple Finance today - as they just surpassed $3B in TVL!
This represents 300% growth in just 3 months!
They also recently surpassed BlackRock’s BUIDL fund in AUM/TVL to become the world’s largest on-chain asset manager!
Learn more in the two interviews with Maple co-founder @syrupsid embedded below! And make sure to follow Maple on Twitter for more updates, and stay tuned as we continue shining a light on everything they are doing!
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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.