Happy Friday good degens! Quite a week its been!
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: $3.42T
QQQ (Nasdaq 100): $531.21
Gold: $3,426.69
Oil (WTI): $71.90
US 10Y Treasury: 4.43%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Big things are happening with our Official Sponsor @upshift_fi!
TVL has surged past $330M thanks to popular vaults such as the Hyperbeat Ultra HYPE vault (which gives airdrop exposure to a bunch of HyperEVM projects!), the Mezo tBTC vault, the High Growth ETH vault, and more!
They also just announced the ‘Upshift Yield Committee’…
This is a new initiative that will allow yield enthusiasts to earn Upshift Points via posting analysis and education on Twitter!
All the details are in this thread, but it is a very cool opportunity you should look at if you are interested in providing valuable educational content related to yield-maxxing, Upshift, etc - and would like to earn Upshift Points and other benefits!
Make sure to follow Upshift on Twitter for more updates, and visit their site to access all the exquisite yields they have available!
Biggest TVL Movers + Other Interesting Data
Chains are mixed today. Best-performing top 25 chain on the weekly is Hemi (#22) at +38.32%.
Protocols are mixed today as well. Best-performing top 50 protocol on the weekly is Veda (#13) at +41.90%.
Here’s The Top 12 Best-Performing Chains By TVL On The Weekly With At Least $100M TVL: (from @DefiLlama):
Here’s The Top 12 Best-Performing Protocols By TVL On The Weekly With At Least $100M 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 @Hyper_Strategy. Twitter bio states “There is no second best.” Followed by 7 of our mutuals. h/t @AresLabs_xyz:
-Something new called @bellve_ai. Twitter bio states “Your AI Yield Agent”. Followed by 12 of our mutuals. h/t @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
-More and more large companies talking about creating and/or utilizing stablecoins, and Coinbase’s new credit card and other announcements are generating attention, h/t morning news from @Tyler_Did_It:
-Extremely interesting statement from Treasury Secretary Scott Bessent, h/t @Matt_Hougan:
-US Dollar showing weakness (typically good for risk assets such as crypto), h/t @LynAldenContact:
-116 public companies now hold Bitcoin, h/t @DynamoDefi:
-Interesting stuff happening in Cardano-land, h/t @WuBlockchain:
-Lots of bullish defi headlines, h/t @TheDeFinvestor:
-“Prediction: big banks will take longer to launch stablecoins than people think.” - interesting thoughts from @MikeIppolito_:
-Good thread/report on PumpFun and a potential valuation for it, from @defi_monk:
-“I suspect that in 20 years most of you who were present on CT today (probably me included) will regret the lack of exposure we had to what will be obvious in hindsight…” - interesting thoughts from @alpha_pls:
-New L2 @katana generating attention among Kaito enthusiasts, h/t @Picolas_Caged (more info in tweet - click to read rest of it):
-Another Kaito campaign to be aware of - @MagicNewton- c/o @DidiTrading:
-Weekly roundup video from @BanklessHQ:
-New @pahueg interview with Bitcoin OG Eric Weiss:
-New @TaikiMaeda2 video:
-New weekly roundup from @JasonYanowitz and @santiagoroel:
-New @Jesseeckel video on potential altcoin ETF’s:
-“The cynic appears cleverer than the optimist. But the optimist's bags outweigh the cynic's.” - parting wisdom from @phtevenstrong:
Conclusion
Happy Friday and stay alert out there friends!
And please RT/subscribe/etc if you found this valuable!
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Note
Seeing more and more stuff on the TL about new L2 @katana, so good to point out that @vertex_protocol will be deploying there!
Katana is “a defi chain forged to bring dead bags to life via deep liquidity & high yield built by katana foundation, incubated by @0xpolygon x @gsr_io…”
Vertex will providing perps liquidity on Katana via their omnichain liquidity system Vertex Edge…
This marks the newest chain they have expanded to, on their journey/goal of being on 25+ EVM chains by the end of 2025!
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.