Happy Tuesday friends! Lots of stuff going on!
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: $2.98T
Gold: $3029.00
Oil (WTI): $68.57
US 10Y Treasury: 4.302%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Excitement continues to build with @maplefinance as the defi + institutional + stablecoin + RWA meta heats up!
Maple just announced an exquisite new yield-maxxing opportunity in concert with Morpho today, and they have been seeing surging TVL, revenue, and yields as of late that are generating much attention!
As we have stated before, Maple is somewhat uniquely able to benefit from the growth of all digital assets and on-chain ecosystems, in a chain-agnostic manner… which positions it perfectly to benefit from the aforementioned meeting of defi + institutional capital…
Check out the tweet about Maple and the $SYRUP token from @hmalviya9 below… 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 mixed today. Top 25 chains up at least 30% on the monthly include Berachain (#7), Sonic (#12), and Sei (#18).
Protocols are also mixed today. Top 50 protocols up at least 30% on the monthly include Sky (MakerDAO) (#4), Infrared Finance (#17), BlackRock BUIDL (#25), BEX (#31), and CIAN Protocol (#49).
Here’s The Top 12 Fastest-Growing Chains By TVL On The Weekly With At Least $25M TVL (from @DefiLlama):
Here’s The Top 12 Fastest-Growing Protocols By TVL On The Weekly With At Least $25M TVL (from @DefiLlama):
Here’s The Top Entities By 24 Hour Fee 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!)
-Something new called @Bondum_App. Twitter bio states “Elevate your brand's loyalty to the next level. We don’t have any token live yet.” Followed by 2 of our mutuals. h/t @AresLabs_xyz:
-Something new called @0xTarobase. Twitter bio states “The Web3 Firebase. Build complex dApps in minutes without writing smart contracts. Currently accepting early testers.” Followed by 7 of our mutuals. h/t @AresLabs_xyz:
-New project has been added to @DefiLlama called @UmbraFi, categorized as dex on Eclipse. Twitter bio states “Umbra⚡️ value acceleration layer on @EclipseFND.” Followed by 2 of our mutuals.
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
-Security alert re: @MIM_Spell:
-Trump x Crypto(dot)com partnership generating attention, h/t news from @cryptoIntegrat:
-Increasing focus on wallet tokens, h/t @hmalviya9:
-Some type of big controversy today around MOVE tokens being dumped, h/t @TheBlock_:
-Response to the above from Movement’s @rushimanche (note: check comments and quote-tweets as always for all sorts of back and forth on the subject):
-(Related) lots of ongoing debate about airdrops, tokenomics, float/FDV, and etc in general… example c/o @0xLouisT and @VannaCharmer:
-Extremely important macro graph showing just how elevated US wages are vs the rest of the world, as the rise of AI and the flattening of the global online economy rise as threats to US white-collar workers:
-The revolution in stablecoins continues to explode in size but remains under the radar of mainstream discussion, h/t @Dynamo_Patrick:
-Interesting quote-tweet from Coinbase CEO Brian Armstrong seeming to endorse USDC (Coinbase owns a small stake in Circle the company behind USDC however it seems as though in the past they’ve tried to be a little more neutral and therefore this quote-tweet struck us as interesting):
-Great thread/tutorial on exploring the MegaETH testnet (for presumed airdrop) c/o @MingoAirdrop:
-“In decentralized AI, that value can flow to a token. This means AI models will become a new asset class for investors.” - @0xPrismatic:
-New @Blockworks_ video from DAS last week that was just uploaded, featuring @fejau_inc interviewing @FedGuy12 and @CampbellJAustin:
-@BanklessHQ released an interview with the co-founder of pumpdotfun fun @a1lon9:
-New crypto/macro livestream from @noahseidman (streamed yesterday):
-New interview with Kyle Samani via The Block:
-New @Dynamo_Patrick video on Injective:
-“Spring is here” - @mesky_:
Conclusion
Happy Tuesday friends and stay hypervigilant 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.