Happy Friday good degens! The excitement continues!
Let’s dive in!
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: $2.85T
Gold: $3019.60
Oil (WTI): $68.18
US 10Y Treasury: 4.239%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Take note friends! An extremely cool project you might not know about but definitely should is @upshift_fi!
Upshift sits at the heart of the nascent defi renaissance we are witnessing, and the burgeoning fusion of institutional capital and trustless on-chain architecture!
Founded by @aya_kantor and @AElkrief, Upshift has already attracted over $200M in TVL and is generating much excitement among the locked-in and terminally on-chain :)
“In the world of composable DeFi legos, Upshift makes every asset yield-bearing. Supply, stake, and access cross-chain yields everywhere.”
We are going to be helping spread the word about everything Upshift is doing, so make sure to learn more via their docs and follow them on Twitter for more updates!
Biggest TVL Movers + Else
Chains are mixed today. Only top 25 chains green on all three timelines (daily, weekly, monthly) include Aptos (#11), and Sei (#18).
Protocols are also mixed today. Only top 50 protocols green on all three timelines (daily, weekly, monthly) are Ethena (#4), BlackRock BUIDL (#28), and DeSyn Protocol (#31).
Here’s The Top 12 Fastest-Growing Chains By TVL On The Weekly With At Least $100M TVL (from @DefiLlama):
Here’s The Top 12 Fastest-Growing Protocols By TVL On The Weekly With At Least $100M TVL (from @DefiLlama):
Here’s The Top Entities By 24 Hour Token-Holders’ Revenue (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 @ReiNetwork0x. Twitter bio states “Exploring the implementation of neural architectures on-chain | Expanding @unit00x0 | Research lead by @0xreisearch”. Followed by 101 of our mutuals.
-New project called @uraniumdigital_. Twitter bio states “The first 24/7, institutional-grade spot uranium trading platform. Powered by @Solana.” Followed by 69 of our mutuals. h/t @pythianism:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (all types, $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
-Total stablecoin market cap continues surging through all-time high’s, h/t news update from @cryptoIntegrat:
-@WayfinderAI will be rewarding Kaito ‘Yappers’ in their upcoming $PROMPT TGE - note: make sure to read thread for full details as you apparently need to connect your Twitter/X account to Wayfinder to qualify and also have at least 100 Yaps and etc:
-Security alert re: @zothdotio, h/t @PeckShieldAlert:
-Seeing renewed talk about Farcaster on the TL, which is apparently launching its chain ‘Snapchain’, h/t @DeFiIgnas:
-A new algo-stable from @AndreCronjeTech and Sonic?
-Interesting reminders on Saylor discussion - “Saylor’s main objective is to increase the BTC held per MSTR share… The average purchase price of Saylor can go up while the leverage goes DOWN…” - from @thedefivillain - check out graphic below and follow him for some of the most in-depth explanations on Saylor/MicroStrategy buying:
-All crypto app rankings extremely low right now, h/t @DaanCrypto:
-Alot of discussion going on right now about ‘supply control’ and related variables, especially around $OM(Mantra) and several other tokens - general take from @alpha_pls below:
-Absolutely fascinating saga on PulseChain regarding a cult of holders that has grown up around the PulseChain mirrored versions of the DAI Stablecoin and MakerDAO protocol, from @ercwl:
-“It’s clear from all my conversations at DAS this week that now is the *best time* in history to be building for institutions in crypto” - Drift co-founder @cindyleowtt:
-Thought-provoking crypto-adjacent topic… that massive amounts of brilliant writing and important information and data that is published on social media is effectively being lost to history or may be lost in future (and might some of it eventually be auto-transcribed on-chain?):
-New video from @thebellcurvepod featuring @pythianism and @im_manderson with @MikeIppolito_ live from DAS:
-New video of @qthomp and @fejau_inc and @MikeIppolito_ live from DAS:
-New All In Podcast with Commerce Secretary Howard Lutnick:
-New Block Runner video on how PumpFun has changed crypto:
-New @Blocmatesdotcom livestream featuring @Grantblocmates and the crew discussing everything going on in crypto currently, just streamed an hour ago:
-Parting wisdom from @Route2FI:
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.