Happy Wednesday good degens! Bullish times in front of us!
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: $3.49T
QQQ (Nasdaq 100): $550.14
Gold: $3,347.43
Oil (WTI): $67.02
US 10Y Treasury: 4.296%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Take note friends! Season Two is here for our Official Sponsor @upshift_fi!
As stated in the thread below:
“Upshift vaults are unique because they let users access the top-performing strategies used by DeFi hedge funds…
The next step is tokenizing each vault and making them composable across protocols like Pendle, Euler, Morpho and more...
You are still early. Our vision is to maximize the return of every asset onchain. Every high yield source will be tokenized on Upshift.”
Season Two will provide 10x Upshift Points for upUSDC on @pendle_fi (live now, 11.07% APY) and 5x Upshift Points for vault depositors!
Make sure to read the below thread (and watch the exquisite video in the first tweet!) to get all the details!
And as always make sure to follow Upshift on Twitter for more updates!
Biggest TVL Movers + Other Interesting Data
Chains are mixed today. Fastest-growing chains by TVL on the weekly with at least $10M TVL are NEO and Katana.
Protocols are also mixed today. Fastest-growing protocol by TVL on the weekly with at least $10M TVL are Terminal Finance Pre-Deposits, Tangible (though this one may be inaccurate), FlowX Finance, River Inc, and BitFlux.
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):
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 @PascalClearing. Twitter bio states “If DeFi wins, clearing becomes core. Pascal is the logic layer to clear it all.” Followed by 1 of our mutuals. h/t @twindoges (make sure to give him a follow!):
-Something new called @EnderBuild_AI. Twitter bio states “The first Execution Abstraction Layer. Define your intent, let the decentralized engine orchestrate the rest. Cross-chain. Seamless. Inevitable.” Followed by 2 of our mutuals. h/t @twindoges:
-Something new called @kitchen_layer. Twitter bio states “Ultimate dApp cook book, the first L2 powered by @HyperliquidX”. Followed by 7 of our mutuals. h/t @twindoges and @AresLabs_xyz:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (single-exposure, no-IL, $5M+ 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 first Solana-staking ETF is now live, h/t @JSeyff:
-Peter Thiel and Palmer Luckey and Joe Lonsdale are launching Erebor, a “fully digital U.S. bank aimed at startups and crypto firms underserved by traditional banks”, h/t @coinbureau:
-Interesting stat that ETFs now hold 7% of all Bitcoin supply, h/t @zerohedge:
-Coinbase is acquiring Liquifi and Thesis is acquiring something called Lolli, as our nascent “M&A Cycle” heats up, h/t @JasonYanowitz:
-Interesting ETHCC observations from @ayyyeandy (defi and stablecoins dominating discussions apparently):
-Some excellent airdrop alfa from @TheDeFinvestor:
-@truflation inflation update:
-Synopsis of a Vitalik + Stani Kulechov + etc panel at ETHCC, that Vitalik says the Ethereum Foundation is very focused on privacy currently, and Stani is enheartened by what he has heard from the tradfi folks he has been speaking with, also h/t @ayyyeandy:
-Extremely in-depth, detailed piece of research and investment analysis on PumpFun from @YarlGLC/@GLC_Research (click quote-tweeted tweet below to read in full):
-HyperEVM airdrop enthusiasm continues to dominate the TL, great example from @MingoAirdrop below:
-“We’re bringing it ALL onchain…” - interesting thoughts from @iamDCinvestor:
-New interview with CZ from @APompliano:
-New Bitcoin-focused interview with James Luck from Preston Pysh:
-Today’s TBPN livestream going over everything tech-related:
-New macro interview with Chris MacIntosh from Capitalist Exploits:
-New roundtable from Forward Guidance featuring @fejau_inc, @kaledora, @CampbellJAustin, and @gdog97_:
-New @BanklessHQ interview with @JustDeauIt:
-Parting sentiments from @DefiIgnas:
Conclusion
Have a great Wednesday friends and stay alert out there!
And please RT/subscribe/etc if you found this valuable!
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Note
Every chart from @maplefinance is up and to the right these days!
TVL is positively surging, and revenue is as well!
To quote @AustinBarack in the tweet below:
“$15.5MM ARR and revenue growth of 248% in just the last 3 months. All signs pointing to trend acceleration…”
If you want to learn more about why Maple is having so much success, check out the great interview Maple co-founder @syrupsid did with The Roll Up a couple weeks ago (embedded below)!
And as always make sure to follow them on Twitter for more updates, and stay tuned as we continue to shine 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.