Happy Tuesday 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: $2.77T
Gold: $3035.60
Oil (WTI): $67.60
US 10Y Treasury: 4.304%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Sonic season keeps heating up and @vertex_protocol is right in the middle of it!
They did over 200k in fee generation over the last week on Sonic, 2nd only after premier Sonic dex Shadow!
They also recently announced 1.75M in Sonic/$S token rewards… AND… just announced boosted rewards for $S-PERP and $wS-USDC!!!
Learn more in the tweets below and make sure to follow Vertex on Twitter for more updates!
Biggest TVL Movers + Else
Chains are mostly green today despite prices being down a bit. Top-performing chains on the weekly with at least $50M TVL are Sonic, Soneium, Sei, Ton, and Base.
Protocols are mostly red today (not sure why the difference in data to be honest - usually chains and protocols look similar but once in awhile they’ll be the opposite like this). Top-performing protocols on the weekly with at least $50M TVL are Lorenzo, QuickSwap, Bybit Staked SOL, BlackRock BUIDL, and Defi Saver.
Here’s The Top 12 Chains By TVL (from @DefiLlama):
Here’s The Top 12 Protocols By TVL (from @DefiLlama):
Here’s The Top 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!)
-New project called @fido_cm. Twitter bio states “Save and earn with DeFi”. Followed by 3 of our mutuals. h/t @AresLabs_xyz:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (single-exposure, no-IL, $25M+ TVL only) - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Important News And Analysis
-$STRF is newest MicroStrategy offering as Saylor continues cooking:
-New Bubblemaps airdrop continuing to generate lots of attention, h/t @coingecko:
-Solana fee generation back down now that memecoin hysteria has abated a bit, h/t @0xThoor:
-On-chain dex and perps protocol valuations are still depressed but dex-to-cex volumes keep growing comparatively, h/t @TheDeFinvestor:
-Is AI an even more negative catalyst for jobs than we think? h/t @nearcyan:
-Lots of ETH discussion and debate on its problems and underperformance, example from @samkazemian and @iamDCinvestor below:
-Related @cobie comments on ETH:
-Important security reminder to be EXTREMELY hypervigilant about your emails and dm’s as you are almost certainly being targeted like in the below examples, h/t @OlimpioCrypto and @WazzCrypto:
-“its insane how many good projects are sitting in the open market at seed or under their raise valuations” - @mewn21, on the current market conditions and extremely depressed prices potentially offering better deals in the open market vs seed investments:
-Interesting macro contrarian nuance-maxxing from @LukeGromen, who supports the Trump/Bessent economic agenda but thinks they are moving in the wrong order and risking significant economic volatility by not injecting more liquidity into the economy first before engaging in other tactics to balance budget and reduce deficit:
-Current trending projects on Kaito, h/t @sandraaleow:
-New interview with Sonic founder Andre Cronje, from @JackNiewold:
-New livestream from the @coinbureau channel (published yesterday):
-Newest video on all things Solana-related featuring @0xMert_:
-Parting wisdom from @knowerofmarkets via @QuotableCrypto:
Conclusion
Happy Tuesday friends and stay alert out there!
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.