Happy Thursday good frogs! Lots of stuff going on!
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: $3.35T
QQQ (Nasdaq 100): $528.99
Gold: $3,366.88
Oil (WTI): $76.60
US 10Y Treasury: 4.391%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Take note friends! Trading Rewards on Avalanche and Sei have been extended for @vertex_protocol users!
Learn more about how to take advantage of these rewards via the tweet below or the Vertex docs by clicking here!
Avalanche and Sei are two of the main chains that Vertex powers perps-trading on, but their current goal is to reach 25+ different EVM chains!
The next one up is Katana: “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…”
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!
Biggest TVL Movers + Other Interesting Data
Chains are mixed today. Top 25 chains up at least 10% on the monthly include Hyperliquid L1 (#8), Unichain (#14), and BSquared (#18).
Protocols are mixed today as well. Top 50 protocols up at least 20% on the monthly include Morpho (#12), Veda (#13), Maple Finance (#28), and Euler DAO (#39).
Here’s The Top 12 Best-Performing Chains By TVL On The Weekly With At Least $1M TVL: (from @DefiLlama):
Here’s The Top 12 Best-Performing Protocols By TVL 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)
Top Yield Opportunities
(Note! This section is brought to you by our Official Sponsor @upshift_fi! We will include some of their top yield opportunities below as well some of the top ones from sorting on @DefiLlama (single-exposure, no-IL, $25M+ TVL) - note: the DefiLlama ones are just pulled from the raw data, so make sure to always DYOR!)
-25.00% APY on Injective USDT strategy - managed by MNNC Group - with additional 5x Bonus Points - via Upshift (click here)
-24.00% APY on Sylva concentrated liquidity strategy - managed by Sylva(dot)money - with additional 5x Bonus Points - via Upshift (click here)
-15.00% APY on the August Mezo tBTC strategy - managed by August Digital - with additional 5x Bonus Points - via Upshift (click here)
-11.60% APY on rsETH strategy - managed by Edge UltraYield - with additional 5x Bonus Points - via Upshift (click here)
-Varied and massive HyperEVM airdrop exposure on Hyperbeat Ultra HYPE vault - managed by Edge UltraYield - with additional 5x Bonus Points - via Upshift (click here)
-15.97% APY on USDS on Yearn h/t DefiLlama research
-11.06% APY on USDC on Stream Finance h/t DefiLlama research
-9.55% APY on USDC on Goldfinch h/t DefiLlama research
-8.15% APY on USDO++ on Usual h/t DefiLlama research
-8.13% APY on GHO on Aave V3 h/t DefiLlama research
Check out the full list of Upshift yield opportunities here or by clicking the banner below!
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 @ZhenglongFi. Twitter bio states “Yield-bearing pegged tokens. Leverage with automated rebalancing. Zhenglong—capital-efficient, composable DeFi.” Followed by 8 of our mutuals. h/t @twindoges - make sure to give him a follow!
-Something new called @paywithfellow. Twitter bio states “Experience frictionless finance. Pay anyone, anyway. Powered by @coinbase + @privy_io.” Followed by 16 of our mutuals. h/t @twindoges:
-Something new called @marblexyz. Twitter bio states “The platform for offchain software.” Followed by 10 of our mutuals. h/t @twindoges and @typedarray:
-Another new one called @OfficialXFX. Twitter bio states “Powering international settlement”. Followed by 11 of our mutuals. h/t @AresLabs_xyz:
Important News And Analysis
-The Fed left interest rates unchanged yesterday, and tokens are flat but crypto stocks are absolutely soaring:
-Defi comeback arc continues, h/t @ayyyeandy:
-Is ETH about to spike like COIN just did? h/t @CryptoJelleNL:
-Kaito has implemented some upgrades to its algo to try to minimize gaming of its system and spam and etc, Coinbase’s intentions to offer tokenized stock trading continue to generate discussion, and lots of defi protocols are making headlines, h/t @TheDeFinvestor:
-US labor market data looking weaker and weaker, h/t @charliebilello:
-@DefiLlama continues shipping up a storm:
-Is the Circle/CRCL spike idiosyncratic? Or does it suggest the market is finally starting to value crypto appropriately? h/t @goodalexander:
-Alfa on $BOLD/Liquity from @Cryptoyieldinfo?
-Trump making extremely pro-crypto statements on social media, h/t @DegenerateNews:
-Reminder to be incredibly hypervigilant in all regards as security incidents (especially related to calls) seem to be omnipresent on the TL these days, h/t @lemiscate:
-Increasingly interesting macro situation where hardcore asset inflation looks very possible (stocks, gold, crypto all going up dramatically), but other variables look profoundly deflationary (AI, demographics, etc):
-Full Jerome Powell statements from yesterday:
-New livestream from the @coinbureau channel (aired a couple hours ago):
-New @DylanLeClair_ interview from @natbrunell:
-New Lyn Alden interview from Mark Moss:
-New Sam Altman interview with this brother Jack Altman that is generating some attention today:
-New interview with Hanson Birringer and Arthur Hayes on Hyperliquid and etc, from Laura Shin:
-“Life is a mixture of luck and hard work. Hower, luck can be provoked.” - @CryptoShiro_ c/o @QuotableCrypto:
Conclusion
Have a great Thursday and stay alert out there friends!
And please RT/subscribe/etc if you found this valuable!
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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.