Happy Friday good degens! Quite a week its been!
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: $2.818T
Gold: $3004.10
Oil (WTI): $66.73
US 10Y Treasury: 4.31%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
More bullish headlines from @maplefinance good degens!
Maple and their defi-facing instance @syrupfi recently hit over $700M in combined TVL, $5.5B in loans originated, and over 300k in monthly recurring revenue… and were selected by ETF-provider Bitwise for partnership on Bitwise’s first foray into defi!
As reported by @CoinDesk:
“Crypto asset manager and ETF provider Bitwise has made its first allocation into decentralized finance (DeFi) through a partnership with on-chain credit specialist Maple Finance...
Bitwise’s allocation, the size of which was not disclosed, is leveraging a Maple bitcoin-backed lending product, and represents a significant milestone in the adoption of on-chain credit by institutional allocators...”
Learn more about about the above and everything else going on with Maple right now via the excellent thread from @GL_Capital_ below! And make sure to stay tuned as we continue rolling out more updates on everything the team is shipping!
Biggest TVL Movers + Else
Chains are mixed today. Only top 25 chains green on the monthly are Sonic (#12), and Sei (#19).
Protocols are mixed as well. Only top 50 protocols green on the monthly are Stargate (#28), Ondo Finance (#32), Kodiak (#34), BlackRock BUIDL (#35), and Tether Gold (#50).
Here’s The Top 12 Fastest-Growing Chains By TVL On The Weekly With At Least $1M TVL (from @DefiLlama):
Here’s The Top 12 Fastest-Growing Protocols By TVL On The Weekly With At Least $1M TVL (from @DefiLlama):
Here’s The Top Entities By 24 Hour Revenue 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!)
-New cdp protocol on Sonic called @stout_fi has been added to @DefiLlama. Twitter bio states “A @SonicLabs native sovereign borrowing protocol for the new DeFi era. $STTX $veSTTX $DUSX $stDUSX …” Followed by 19 of our mutuals.
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
-More and more talk about the stock market correction and worries about ‘recession’, also Coinbase Ventures partners with @cobie’s project @echodotxyz, h/t @Tyler_Did_It:
-ETH/BTC ratio continues to fall (also XRP just flipped ETH in FDV (fully diluted value)), h/t @thedefivillain:
-Fascinating stat from @WarrenPies on why this stock correction we’re witnessing is actually more significant than one would normally presume, due to the record level at which that American households have their net worth’s invested in the stock market:
-Despite poor price action stablecoin metrics are all looking very bullish, h/t @Dynamo_Patrick:
-Minting for GT - the new token for GMX’s Solana launch- starts today March 14th at 13:00 UTC, thread on it below from GMX founder @xdev_10:
-Aave has introduced something called Project Horizon that will apparently involve them building institutional defi products, h/t @lemiscate and @StaniKulechov:
-Gold hit $3,000 per ounce for the first time ever over the last 24 hours but interestingly is still significantly below a number of historical value ratios, h/t @LukeGromen:
-Very interesting crypto-adjacent thread from @RobertMSterling on private equity’s attempts to consolidate the accounting industry and the various difficulties this is presenting:
-Starknet apparently wants to start settling on both Ethereum and Bitcoin - this and other defi headlines from @TheDeFinvestor:
-Interesting observations on ‘vibe coding’ from @ZeMariaMacedo:
-Still much to be excited about despite poor price action, h/t @DeFiMinty:
-New episode of @thebellcurvepod featuring @pythianism and @im_manderson discussing everything going on in crypto:
-New @Unchained_pod crypto/macro roundtable featuring special guest @qthomp:
-New DeFAI video from Blocmates:
-New video from @Dynamo_Patrick - ‘Why is crypto dropping?’:
-New weekly roll-up from @BanklessHQ featuring @gametheorizing:
-Parting bullishness from @NightOwlCapital:
Conclusion
Happy Friday 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 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.