Happy Sunday friends! Tradfi markets closed but crypto never sleeps!
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: $3.44T
QQQ (Nasdaq 100): $556.22
Gold: $3,335.94
Oil (WTI): $66.50
US 10Y Treasury: 4.348%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Once again wise degens, take note that Season Two is here for our Official Sponsor @upshift_fi!
Season Two is your next chance to earn some massive Upshift Points, AND marks their exciting transition to tokenized and composable vaults!
Regarding the latter… this means that you can deposit into Upshift’s gigabrain institutional-grade yield maxxing vaults, then take the receipt token from doing so and use it within other defi protocols in classic money lego fashion!
Regarding the former… Season Two will provide 10x Upshift Points for upUSDC on @pendle_fi and 5x Upshift Points for vault depositors!
Check out the great summary from @HadickM below to learn more!
And- as always- make sure to follow Upshift on Twitter for more updates!
Biggest TVL Movers + Other Interesting Data
Chains are mixed today. Best-performing top 25 chain on the weekly is Hemi (#22) at +70.04%.
Protocols are also mixed today. Best-performing top 50 protocol on the weekly is Gauntlet (#39) at +47.67%.
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):
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 @whynothigher. No Twitter bio. Followed by 33 of our mutuals. h/t @AresLabs_xyz:
-Something new called @DUSD_org. Twitter bio states “Decentralized. Stable. Scalable. DeFi Dollar is the delta-neutral stablecoin powered by Hyperliquid perpetuals. Built by @Hyperstable.” Followed by 4 of our mutuals. h/t @AresLabs_xyz:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (all types, $1M+ TVL only) - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Important News And Analysis
-BonkFun is the biggest story on the TL again today, having now dropped PumpFun below 50% market share in the memecoin launchpad sector, h/t @Tyler_Did_It:
-(Related) BONK is on top of the meme mindshare list today, followed by FARTCOIN and USELESS, h/t @_dexuai:
-Is Stripe going to be launching their own L1? h/t @ayyyeandy:
-Mortgage rates in the US remain elevated, 50-100% higher than they were for most of the last two decades, h/t @charliebilello:
-Kaito is apparently launching some kind of capital launchpad for token launches soon, h/t @TheDeFinvestor:
-Interesting airdrop tier list from @DidiTrading:
-Interesting chart of stocks as share of household assets in the US, Japan, UK, EU, and China, h/t @zerohedge:
-Overall macro picture looking very bullish for our magic internet coins, h/t @LDNCryptoClub:
-Is the ‘internet capital markets’ opportunity much bigger than we realize? h/t @EffortCapital:
-Lot of debate and criticism on the TL the last couple days about Celestia and Polychain, example below c/o @ayyyeandy and @mdudas:
-Euler has grown 1200% this year, h/t @Mega_Fund:
-New Digital Assets News livestream (aired an hour ago):
-New macro interview with Mike Green @profplum99, from @menlobear:
-New @whosknave interview with Eugene Chen @0xShitTrader:
-New interview with macro thinker and Bitcoin-evangelist @LynAldenContact:
-Don’t over-trade out of boredom good frogs! Parting wisdom from @TheDeFinvestor:
Conclusion
Happy Sunday friends! Get some rest for the big week ahead!
And please RT/subscribe/etc if you found this valuable!
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Note
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They provide liquidity for trading across the defiverse via their brilliant omnichain liquidity infrastructure Vertex Edge (currently with the goal of soon being on 25+ EVM chains!)…
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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.