Happy Saturday and Happy March 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: $2.903T
Gold: $2867.30
Oil (WTI): $69.76
US 10Y Treasury: 4.203%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Another big update from @maplefinance good anons, who have just announced Instant Liquidity for SyrupUSDC!
As explained in their update below, as well as their new article on it:
“SyrupUSDC Instant Liquidity is Here 💧 Users no longer need to choose between high yield and fast liquidity. SyrupUSDC now has two deep liquidity pools on @Uniswap and @Balancer with $10M in TVL allowing users to swap into $USDC instantly…”
Learn more below or in the full article here, and make sure to follow @maplefinance and @syrupfi on Twitter for additional updates, and stay tuned as we continue highlighting all the cool stuff they are shipping!
Biggest TVL Movers + Else
Chains are mostly green today. Only top 25 chains green on the weekly are Aptos (#11), Sonic (#13), and Hyperliquid L1 (#14).
Protocols are also mostly green today. Top 50 protocols green on the weekly include Royco Prootcol (#14), Stargate Finance (#28), Ondo Finance (#38), Dolomite (#45), Cygnus (#46), and CIAN Protocol (#48).
Here’s The Top 12 Best-Performing Chains By TVL On The Weekly With At Least $20M TVL (from @DefiLlama):
Here’s The Top 12 Best-Performing Protocols By TVL On The Weekly With At Least $20M 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 we also include or re-include every newly launched protocol added by @DefiLlama that has at least some TVL or is followed by at least some of our mutuals - hence disclaimer: these are not pre-vetted by us so make sure to DYOR!)
-New project called @lemondropfi. Twitter bio states “spend sol, stack sats | coming soon”. Followed by 7 of our mutuals. h/t @AresLabs_xyz and @januszg_:
-New project called @makinafi. Twitter bio states “The DeFi Execution Engine”. Followed by 9 of our mutuals. h/t @AresLabs_xyz:
-New project called @frendotmoney. Twitter bio states “Win together. Win more. Backed by @alliancedao”. Followed by 4 of our mutuals. h/t @AresLabs_xyz and @y77cao:
-New project called @OyaChatApp. Twitter bio states “Sign up for our waitlist and earn points from our referral program while we build personalized crypto AI and the world's first natural language blockchain!” Followed by 2 of our mutuals. h/t @AresLabs_xyz:
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
-Big news this morning is that Danny Ryan will indeed be making his much-anticipated return to Ethereum - though not as the Executive Director of the Ethereum Foundation as many had hoped- but rather as a co-founder of @etherealize_io, which some are describing as an additional ETH Foundation or growth initiative or similar type of entity, h/t @VitalikButerin:
-Additional summary re: the above stuff on Danny Ryan and Etherealize, from @lex_node:
-Total altcoin market cap re-testing its 2024 high’s, h/t @DaanCrypto:
-Lots of focus on today’s SOL unlocks, h/t @sunil_trades:
-Sonic and Berachain continue to be bright spots amidst the poor price action, h/t @Grantblocmates:
-Comments about Bitcoin having no value from Solana co-founder @aeyakovenko are catalyzing discussion:
-Interesting stuff going on with the security side of things, h/t @0xngmi and @xyz3va:
-Hyperliquid hits $1T in cumulative perps volume:
-Skype is shutting down - interesting crypto-adjacent thoughts on this from @levelsio:
-$GRASS continues to generate attention, h/t @alpha_pls:
-Reminder that @DefiLlama has the incredibly impressive dex aggregator LlamaSwap you can use for your on-chain swapping needs - to access it just click on ‘DefiLlama Swap’ on the left side of their site- h/t @zerototom:
-Is the AI Agent meta dead? from @coinbureau:
-New episode of @thebellcurvepod featuring @pythianism, @MikeIppolito_, and @im_manderson:
-New video on Hyperliquid from @Dynamo_Patrick:
-New video from @theempirepod featuring @JasonYanowitz and @santiagoroel:
-Parting thoughts from @wronguser000:
Conclusion
Have a great Saturday and a great March good degens!
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 Monthly Sponsor @vertex_protocol 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.