Happy Sunday friends! Tradfi closed but crypto never sleeps!
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: $2.89T
Gold: $3028.20
Oil (WTI): $68.28
US 10Y Treasury: 4.25%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Excitement continues to build around @maplefinance as the institutional ‘defi gold rush’ heats up!
Maple has seen surging TVL, revenue, and yields, and has been generating massive attention as all eyes are drawn to defi amidst the regulatory shift we are in the middle of!
In this vein it is worth reminding that Maple is somewhat uniquely able to benefit from the growth of all digital assets and on-chain ecosystems… whether related to Bitcoin, Ethereum, Solana, or even stuff like Ripple!
Check out the tweet from Maple co-founder @syrupsid below and the embedded clip beneath it!
And make sure to follow @maplefinance on Twitter for more updates as we continue shining a light on everything they are doing!
Biggest TVL Movers + Else
Chains are mostly green today. Only top 10 chains red on the weekly are Solana (#2), Berachain (#7), and Avalanche (#10).
Protocols are quite green as well. Only top 25 protocols red on the weekly are Maker (#10), and Compound Finance (#16).
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):
Here’s The Top 12 Dex’s By 7 Day Volume (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 @0xprivacypools. Twitter bio states “Privacy Pools by 0xbow is a compliant way to anonymously transact on Ethereum. @0xbowio blocks illicit actors to ensure pool integrity.” Followed by 14 of our mutuals. h/t @AresLabs_xyz:
-New project called @LootbaseX. Twitter bio states “Trade 25/7 globally on the MORE market. It's your turn to market make.” Followed by 19 of our mutuals. h/t @AresLabs_xyz:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (single-exposure, no-IL, $1M+ TVL only) - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Important News And Analysis
-Macro schedule looking pretty quiet for the coming week, h/t @KobeissiLetter:
-RSI levels have bounced a bit but still pretty low, h/t @DaanCrypto:
-Lot of current talk about Aave buybacks, Berachain, and more - h/t defi news from @TheDeFinvestor:
-Lots of focus on MegaETH and their testnet as well, stats c/o @NPC_68:
-$KAITO generating lots of attention, as founder @Punk9277 notably bought $1.4M worth of his protocols’ token, h/t @ahboyash:
-Continued focus on stonks with S&P 500 still down 10%, h/t @dunleavy89:
-Andre Cronje on Sonic airdrop: “I mean currently its like a $200M airdrop for something like $700M TVL, its gonna be a good payout, and I want to reward those guys and I want to make them loyalists and make them rich”, h/t @NPC_68:
-Macro situation in Canada looking more and more bleak, h/t @noahseidman and @KobeissiLetter:
-Seeing lots of reflink sharing and etc for @defidotapp over the last few days, ahead of their presumed airdrop, h/t @Flowslikeosmo and @Zeneca:
-Also lots of continued focus on upcoming @AIWayfinder airdrop (presumed to be coming before the end of this month), good tutorial on completing the ‘missions’ (for which 2% of the airdrop is allocated) from @jamweb3_ and good tutorial on the Wayfinder x Kaito stuff from @jcrew_eth:
-New interview with tradfi gigabrain @hkuppy - not available on YouTube right now apparently but click here to listen to it on Spotify:
-New video from @Dynamo_Patrick on Tether and a number of interesting points about it:
-New @milesdeutscher interview with @ZeMariaMacedo from Delphi Digital:
-New video from @phtevenstrong ‘The Calculator Guy’ on ‘Cheat Looping’:
-Parting wisdom from @0xPrismastic:
Conclusion
Have a great Sunday friends and don’t forget to touch some grass today!
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.