Happy Friday and Happy 4th of July good degens!
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: $3.39T
QQQ (Nasdaq 100): $556.22
Gold: $3,332.74
Oil (WTI): $66.40
US 10Y Treasury: 4.348%
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 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 a bit red today. Best-performing top 25 chain on the monthly is Hemi (#22) at +129%.
Protocols are also a bit red today. Best-performing top 25 protocol on the monthly is Maple Finance (#24) at +35.80%.
Here’s The Top 12 Best-Performing Chains On The Weekly With At Least $1M TVL: (from @DefiLlama):
Here’s The Top 12 Best-Performing Protocols On The Weekly With At Least $1M 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 @MindCPAI. Twitter bio states “Model + Intent + Decentralized Context Protocol”. Followed by 5 of our mutuals. h/t @AresLabs_xyz:
-New project called @Burve_fi has been added to @DefiLlama, categorized as a dex on Berachain. Twitter bio states “A Multi-Swap spectacle you've never seen before.” Followed by 15 of our mutuals.
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
-Coinbase Premium continues its rebound since the lows a couple weeks ago, h/t @DaanCrypto:
-Scott Bessent gave a very interesting interview where he didn’t rule out the possibility of being Treasury Secretary and Fed Chair simultaneously, h/t @sidprabhu:
-The Eclipse airdrop checker is now live:
-Aave now holds over 5% of all circulating stablecoins, h/t @TheDeFinvestor:
-Ondo is apparently acquiring Oasis Pro, h/t @DegenerateNews:
-Fluid and EulerSwap both seeing increased volumes, h/t @DefiIgnas:
-Airdrop alfa from @Rijk__:
-Comments from Ray Dalio on the worsening of currency debasement are generating a lot of attention, h/t @gammichan:
-Is the Linea airdrop finally coming? h/t @heycape_:
-More airdrop alfa from @heycape_, on @DualMintRWA x Arbitrum Yapping opportunity:
-Much talk on the TL the last few days about remote work and ‘job-stacking’, excellent tweet on the subject from @YousXPC:
-New @pahueg interview with @WClementeIII:
-New episode of Forward Guidance featuring @Tyler_Neville_, @qthomp, and @fejau_inc:
-New @BanklessHQ episode:
-Marc Andreesen interview from a couple weeks ago that just got posted and is generating a lot of attention on the TL:
-New @KryptoCove video:
-New roundtable from @Unchained_pod:
-New episode of @theempirepod featuring @santiagoroel and @HadickM:
-New episode of @0xResearch featuring Jon Charbonneau:
-Parting crypto-adjacent wisdom from @thedankoe:
Conclusion
Happy Friday and stay alert out there friends!
And please RT/subscribe/etc if you found this valuable!
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Note
If you are a perps enthusiast make sure to check out Vertex Protocol!
They provide liquidity for trading across a wide variety of chains due to their gigabrain omnichain liquidity infrastructure Vertex Edge!
And… in addition… they provide exquisite yields to $VRTX-stakers and LP’s!
Make sure visit the Vertex site now to get started trading 60+ perps and spot markets, 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.