Happy Wednesday and Happy FOMC Day friends!
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: $2.883T
Gold: $3043.60
Oil (WTI): $67.21
US 10Y Treasury: 4.302%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
As previously noted, on-chain institutional lending marketplace @maplefinance and their defi-facing instance @syrupfi are one of the strongest and most interesting projects to emerge from the recent bear market…
Their co-founder @syrupsid was just interviewed on the @zima_red podcast by @AndrewSteinwold, and the discussion covered all sorts of fascinating topics relevant to $SYRUP fans, startup builders, those working in the industry, and crypto investors and enthusiasts generally!
Check out the video below and make sure to stay tuned as we bring additional updates on everything Maple is doing!
Biggest TVL Movers + Else
Chains are mixed today. Top-performing chains on the weekly with at least $1M TVL are Sophon, Etherlink, Dexalot, Ethereum POW, and Bitlayer.
Protocols are also mixed today. Top-performing protocols on the weekly with at least $1M TVL are Napier, Lorenzo, Capyfi, Harmonix Finance, and HyperSwap.
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 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 project from Ethena called @convergeonchain. Twitter bio states “The settlement layer for traditional finance and digital dollars”. Followed by 85 of our mutuals. h/t @twindoges:
-Something new called @gasdotnetwork. Twitter bio states “Bringing crypto gas markets onchain. Built by @blocknative ⛽”. Followed by 4 of our mutuals. h/t @twindoges:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (single-exposure, no-IL, $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
-FOMC Fed interest rate decision about to take place in less than an hour (but our editor has IRL-maxxing to attend to so we must publish now!), h/t @DaanCrypto:
-Solana futures ETF’s to launch tomorrow (again though these are futures ETF’s not spot ETF’s), h/t @EricBalchunas:
-ETH Mainnet gas fees extremely low currently, h/t @NPC_68:
-ETH Mainnet TVL share at lowest since 2021, also h/t @NPC_68:
-New security alert re: Microsoft and Google Chrome browser extensions, h/t @phantom:
-New Coinbase announcement about on-chain ‘Verified Pools’ is generating attention, h/t @iamDCinvestor:
-Interesting ongoing conversations about PumpFun and Raydium both adding new versions of the other, and thus both attempting to be a full version of what the combination of the two was previously, h/t @0xGeeGee:
-@cobie buying $ETH?
-Are we entering a new defi season? h/t @zerototom:
-Interesting new article expressing criticisms of Bittensor’s new dTAO model and the project’s overall direction, h/t @tzedonn:
-There continues to be much bullish Hyperliquid analysis on the TL, h/t good example from @GL_Capital_:
-Important heads up about some of the less wholesome things that can take place around airdrops, from @0xlaiyuen:
-Fascinating thread on AI and LLM’s from @redphonecrypto, example below:
-New episode of the All In Podcast featuring Treasury Secretary Scott Bessent:
-New interview with macro gigabrain @LukeGromen:
-New crypto/macro livestream with @noahseidman (currently airing live as we publish this):
-New @Unchained_pod interview with @joemccann:
-Parting wisdom via @thedefiedge:
Conclusion
Happy Wednesday friends! 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.