Happy Thursday 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: $2.867T
Gold: $3046.50
Oil (WTI): $68.23
US 10Y Treasury: 4.229%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Take note traders and Sonic enthusiasts! You can currently earn your share of the 1.75M in Sonic/$S token rewards that @vertex_protocol is distributing by trading on their site on Sonic!
This is one of the best ways to explore the Sonic ecosystem and earns Points & Gems in anticipation of their airdrop!
In addition, Vertex just announced boosted rewards for $S-PERP and $wS-USDC as well!
Get started trading 60+ perps and spot markets now on the Vertex site and make sure to follow Vertex on Twitter for more updates!
Biggest TVL Movers + Else
Chains are mixed today. Top 25 chains up at least 10% on the weekly include Base (#6), Sonic (#12), Core (#14), and Sei (#18).
Protocols are also mixed today. Top 50 protocols up at least 30% on the weekly include BlackRock BUIDL (#29), DeSyn Protocol (#33), and Aerodrome (#43).
Here’s The Top 12 Fastest-Growing Chains By TVL On The Weekly With At Least $10M TVL (from @DefiLlama):
Here’s The Top 12 Fastest-Growing Protocols By TVL On The Weekly With At Least $10M 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 called @fatbera_. Twitter bio states “Stake ur BERA within the fatBERA consortium of @0xhoneyjar , @beradrome , @apiologydao and @berabaddies . Beras Together Stronk. A @0xhoneyjar Joint.” Followed by 3 of our mutuals. h/t @twindoges:
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
-Trump did an address to the Digital Assets Summit by Blockworks today, click to watch full video in tweet:
-Total crypto market cap is hovering around $2.9T, exactly $1T below the all-time high of $3.9T we hit several months ago, and just a smidge under the high from last cycle of $3.0T:
-The Fed left interest rates unchanged yesterday but Trump is stating they should lower them:
-The Solana futures ETF’s go live today + other crypto news, h/t @TheDeFinvestor:
-Lot of ongoing talk about the ‘Hyperliquid Whale’, h/t @WuBlockchain:
-Increasing gold rush in cex/brokerage/stablecoin space, h/t @JasonYanowitz:
-Good list of projects to check out if you’re research-maxxing, h/t @DeFiMinty:
-Was it a mistake for Ethereum to move from Proof Of Work (POW) to Proof Of Stake (POS)? from interesting thread by @Melt_Dem:
-Increasing excitement about DeSci, h/t @juanaxyz00:
-“now that AI agents are realities not hypotheticals the primary job becomes effective prompt engineering and system design” - @goodalexander:
-Some of our smart mutuals appear to be tweeting about Fuel Network (if you are looking for additional stuff to research):
-Blocmates livestream featuring @Grantblocmates and @jediblocmates doing live commentary and gem-hunting:
-@fejau_inc interview with Mohamed El-Erian at DAS:
-@fejau_inc interview with Matt Hougan at DAS:
-FOMC debrief after the Fed meeting yesterday from @FedGuy12:
-Powell’s actual press conference yesterday:
-Parting wisdom from @Aabbhhz:
Conclusion
Happy Thursday 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.