Happy Thursday friends! 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: $2.95T
Gold: $3064.90
Oil (WTI): $69.77
US 10Y Treasury: 4.373%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
If you are currently gathering alfa and rabbit-hole maxing in anticipation of the coming defi bull market good anon, make sure you study @upshift_fi!
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…
There’s alot of bullish surface area on Upshift but one way we might describe it is “a yield protocol on steroids for the institutional age of defi”, and it is going to be catalyzing much attention this year as the team continues to roll out everything they have been working on!
We are going to be helping spread the word about Upshift, so check out their thread below for an example of what they are doing, make sure to learn more via their docs, and follow them on Twitter for more updates!
Biggest TVL Movers + Else
Chains are mostly green today. Fastest-growing chains on the weekly with at least $50M TVL are Morph, Base, and Sonic.
Protocols are also mostly red. Fastest-growing protocols on the daily with at least $50M TVL are Thala, Ethereal, AlphaFi, TonStakers, and Hemi Staking.
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 @multiliquid_xyz. Twitter bio states “On-chain liquidity made simple. Instantly swap blue chip RWAs and stablecoins in size across multiple chains.” Followed by 3 of our mutuals. h/t @AresLabs_xyz:
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
-Walrus airdrop today is generating much excitement, and seems to be the first big airdrop for the Sui ecosystem if we are understanding right, h/t @Tyler_Did_It:
-Yesterday’s situation with Hyperliquid has continued to dominate discussion over the last 24 hours, h/t @Joe_XBT with an easy-to-understand explanation that went viral:
-Following thread from @GaloisCapital on the Hyperliquid situation generated much attention as well:
-There was also some criticism of Hyperliquid as well, example c/o @hasufl:
-Tether (USDT) and Circle (USDC) continue to dominate on the crypto revenue front, with Hyperliquid and pumpdotfun next in line, h/t @CryptoRank_io:
-Important security reminder re: opening PDF’s and etc, from @tayvano_:
-Airdrop alfa from @0xWelfare:
-Is Worldchain worth paying attention to? h/t @0xBreadGuy:
-Strange/interesting catch re: gold that @LukeGromen and a few other smart macro accounts we follow have been talking about:
-Interesting new protocol @uraniumdigital_ is generating a lot of attention, h/t good rabbit hole maxing from @0xGeeGee:
-New interview with @LynAldenContact from @markjeffrey (not available on YouTube, click tweet below to view in full):
-New @nic__carter interview with Tether’s @paoloardoino (likewise does not seem to be available on YouTube so click screenshot below to listen to it on Nic’s website):
-New video from @Blocmatesdotcom featuring Grant and Jedi discussing the question of how to invest for the stablecoin thesis:
-Interesting new crypto-adjacent video from Greg Isenburg on the AI startup landscape and what kinds of AI-related startups might actually succeed vs which won’t and etc:
-Is $ETH dying? From @coinbureau:
-Parting reminder from @SplitCapital, c/o @QuotableCrypto:
Conclusion
Happy Thursday friends! Stay alert out there!
And please RT/subscribe/etc if you found this valuable!
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Note
Maple Finance continues to become a bigger and bigger ‘money lego’ within the fast-growing defi landscape!
Indeed, Maple just announced an exquisite new yield-maxxing opportunity in concert with Morpho!
“SyrupUSDC/USDC is now live on @MorphoLabs, with $USDC ready to borrow from @gauntlet_xyz and @MEVCapital vaults
1. Supply SyrupUSDC as collateral earning (~11-12%)
2. Borrow USDC (~5–6%)
3. Mint SyrupUSDC
4. 🔁
Additional ~5% yield each time, link to borrow below ↓”
Learn more via the quote-tweeted post about it from Maple co-founder @syrupsid below… and make sure to follow @maplefinance on Twitter for more updates as we continue banging the drum on everything they are doing!
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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.