Happy Monday good degens! Start of another big week!
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: $2.98T
Gold: $3019.70
Oil (WTI): $69.18
US 10Y Treasury: 4.325%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Excitement continues to build on Sonic in anticipation of its upcoming airdrop friends!
Indeed… in an interview last week, Andre Cronje stated:
“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…”
If you want to get exposure to the Sonic ecosystem and start earning the Sonic token right now along with Points & Gems for the future airdrop, then @vertex_protocol is the best place to do it!
Vertex is the #1 perps dex on Sonic and is in the middle of distributing 1.75M $S/Sonic tokens to users!
Get started now at app.vertexprotocol.com and make sure to follow Vertex on Twitter for more updates!
Biggest TVL Movers + Else
Chains are quite green today. Top 25 chains up at least 15% on the weekly include Base (#6), and Sonic (#12).
Protocols are also quite green. Top 50 protocols up at least 20% on the weekly include DeSyn Protocol (#31), Binance Staked SOL (#33), Aerodrome (#40), Zircuit Staking (#45), and CIAN Protocol (#50).
Here’s The Top 12 Fastest-Growing Chains By TVL On The Weekly With At Least $1M TVL (from @DefiLlama):
Here’s The Top 12 Fastest-Growing Protocols By TVL On The Weekly With At Least $1M 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 @daisypayapp. No Twitter bio. Followed by 2 of our mutuals. h/t @AresLabs_xyz:
-New project has been added to @DefiLlama called @exit_tech_, categorized as a ‘liquidity manager’ protocol on Arbitrum. Twitter bio states “A platform for unlocking locked DeFi positions. Offering users an exit while rewarding others with boosted yields for providing liquidity for those exits.” Followed by 13 of our mutuals.
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
-Tokens bouncing this morning to start the week… bullish TA from @leptokurtic_:
-Sonic TVL at all-time high’s, h/t @TheDeFinvestor:
-Lots of talk about fee switches and token buybacks as dYdX apparently launches a buyback program, h/t @0xThoor and @DeFiIgnas:
-As of right now this would be the first Q1 in crypto history in which all three months are red, h/t @cozypront:
-Saylor buying continues, h/t @thedefivillain:
-Top pre-TGE projects by mindshare right now are (in order) Wayfinder/PROMPT, pumpdotfun, Monad, defidotapp, Nillion, MegaETH, Abstract, and Farcaster. h/t @0xdassh:
-New proposal to the Arbirum DAO to claw back the remaining funds from the 225M ARB Gaming Catalyst Program, which has been hotly debated throughout its history, h/t @NathanVDH0x:
-Tron and Binance showing strength on a variety of metrics of late, h/t @JasonYanowitz:
-Excitement around on-chain equities and commodities on @HyperliquidX, h/t @crypto_condom:
-Very interesting macro idea from @dgt10011 re transferring Fannie Mae and Freddie Mac to a US sovereign wealth fund:
-Another interesting idea we think could actually happen, from @qthomp, that the US government could mine $BTC with wasted/stranded power from government-owned power facilities:
-New video of TA and general market analysis from @DaanCrypto:
-New roundtable on the Sonic ecosystem from @Blocmatesdotcom featuring @tn_pendle, Daniele Sesta, @jediblocmates, and more:
-New interview with macro gigabrain @LukeGromen:
-New @BanklessHQ interview with @!TimBeiko on the future of Ethereum:
-Parting wisdom from @based16z:
Conclusion
Happy Monday friends and 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.