Happy Wednesday good degens! 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: $2.94T
Gold: $3022.30
Oil (WTI): $69.78
US 10Y Treasury: 4.342%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Take note friends! Over 500 creators have now been onboarded to The Great Tournament Of Agents from @Cod3xOrg via @sophon!
Once again, this is huge opportunity where individuals interested in the synthesis of AI and crypto can compete for a share of $1.5M in rewards while learning + creating a fully-functioning AI application on Sophon!
“Capture your share of $1.5M. Ally with other creators and users to perfect your agents in a battle for market dominance.
Create agents and equip them with plugins to ensure their success. Or, speculate on which teams will succeed by trading guild tokens.
Score points by deploying AI Agents that profitably trade and capture mindshare on social media.
The tournament may end in 100 days but the Agentic Economy is here to stay. Your agents and plugins are yours to keep.”
This is legitimately one of the coolest opportunities we have ever highlighted here in The Daily Degen… so make sure to check out the below tweet from Cod3x founder @0xBebis_, visit the official Cod3x Twitter account to learn more, or sign up now at this link!
Biggest TVL Movers + Else
Chains are mostly green today. Fastest-growing chains on the weekly with at least $1M TVL are EOS EVM, Etherlink, and Manta.
Protocols are mixed today. Fastest-growing protocols on the weekly with at least $1M TVL are uncategorized multichain EVM protocol Centrifuge, Taiko dex Unagiswap, multichain dex Bridgers, Oasis Saphire CDP protocol BitUSD, and Movement dex Yuzu Finance.
Here’s The Top 12 Chains By TVL (from @DefiLlama):
Here’s The Top 12 Protocols By 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 protocol called @LumeonCro has been added to @DefiLlama, categorized as a farm on Cronos chain. Twitter bio states “A next-generation DeFi protocol on the Cronos network, powered by @realFrogsClub”. Not followed by any of our mutuals but $1M TVL so including.
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (all types, $1M+ TVL only) - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Important News And Analysis
-Massive attention on a situation with Hyperliquid this morning, most recent tweet from the official @HyperliquidX account below:
-Thoughts on the above from Jordi Alexander @gametheorizing:
-Nikita Bier joining Solana as an advisor generated a lot of attention yesterday, h/t daily news from @Tyler_Did_It:
-$BTC ranging along with stocks, h/t @DaanCrypto:
-New @DefiLlama Gas Refuel tool to be aware:
-Kaito to start giving out ongoing rewards to Yappers (amount is somewhat modest but is directionally interesting/significant in our opinion):
-US Consumer Confidence dropping, h/t @KobeissiLetter:
-Stablecoins continue to surge in attention, h/t @Dynamo_Patrick:
-Are majors and yield products the best way to play the rise in stablecoins? h/t @0xGeeGee:
-Interesting observation that Aave’s stablecoin and Curve’s stablecoin and PayPal’s stablecoin have all failed to accumulate substantial market cap despite overall stablecoin market cap rising dramatically over the last year (Ethena has been a rare bright spot in that regard though), h/t @thedefivillain:
-What’s the biggest thread to Bitcoin? And to Bitcoin dominance within crypto? (lots of interesting answers in the replies and quote-tweets to the original tweet by @LynAldenContact below if you are interested):
-New roundtable from @Unchained_pod discussing everything going on in crypto and macro:
-New interview with Matthew Sigel recorded at DAS last week about the potential for a Solana ETF in 2025:
-New crypto/macro livestream from @noahseidman (just aired an hour ago):
-New video on stablecoins from @Dynamo_Patrick:
-Interesting parting thoughts c/o Robinhood’s Vlad Tenev:
Conclusion
Happy Wednesday good degens! 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.