Happy Friday good degens! Prices down a bit and 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: $2.83T
Gold: $3084.20
Oil (WTI): $69.40
US 10Y Treasury: 4.261%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Big news that @vertex_protocol is now live on Avalanche!
This latest deployment is just the newest in Vertex’s omnichain ascendance, powered by their gigabrain cross-chain liquidity infrastructure Vertex Edge!
As detailed previously, Vertex’s goal is to be on 25 different chains by the end of 2025- either directly such as with this Avalanche deployment, or through instances such as BroTrade on Berachain that utilize the omnichain Vertex Edge liquidity system!
To celebrate the new deployment Vertex will be giving out 10,000 $AVAX tokens per week for the next four weeks in trading awards!
Get started earning your share now at app.vertexprotocol.com + access more than 50 other perps and spot markets (and a wide variety of exquisite yield opportunities!)… And make sure to follow them on Twitter for more updates!
Biggest TVL Movers + Else
Chains are quite red today. Only top 50 chains green on the daily are Cronos (#16), Hemi (#30), and TON (#32).
Protocols are quite red today as well. Only top 50 protocols green on the daily are BlackRock BUIDL (#27), and Tether Gold (#46).
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 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!)
-New protocol called @Hyperpiexyz_io has been added to @DefiLlama, categorized as a liquid-staking protocol on Hyperliquid EVM. Twitter bio states “Liquid staking, a MEME Launchpad, and a MEME DEX on @HyperliquidX. Created by @magpiexyz_io.” Followed by 7 of our mutuals.
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (all types, $25M+ TVL only) - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Important News And Analysis
-Prices are down, macro is top of mind, and Jupiter’s ApePro airdropped to users today, h/t @Tyler_Did_It:
-All sorts of inflation data and discussion is dominating the TL today, h/t @NickTimiraos:
-”Is the Fed going to have to raise rates?” thoughts from @fejau_inc:
-Wild story (or clever marketing trick?) that Sei is “officially exploring” the purchase of DNA testing company 23andme:
-$BTC continues to outperform alts, h/t @milesdeutscher:
-Much positive attention on defi protocol @eulerfinance lately, which as been seeing explosive growth, h/t @hmalviay9:
-More interesting updates from Kaito, as it appears projects will soon be able to reward Yappers within the app itself:
-New announcement that Dolomite will apparently be deploying to new EVM Bitcoin L2 Botanix and will be the chain’s “flagship lending protocol” according to the official statement by Botanix, h/t @TheBlock__:
-Good find from @thedefivillain for those seeking more info/understanding/etc on the Saylor MicroStrategy flywheel (the main variable that has thus far dominated this cycle):
-Much attention on Berachain and Sonic lately, h/t recent defi headlines from @TheDeFinvestor:
-New thread/tutorial on exploring the Succinct testnet (for airdrop purposes), h/t @MingoAirdrop:
-New weekly roll-up from @BanklessHQ featuring guest appearance from Mike Ippolito of Block works:
-New crypto/macro livestream from @noahseidman (just aired):
-New episode of @0xSteadyLads featuring guest @notthreadguy:
-New episode of The Bell Curve featuring @pythianism, @im_manderson, and @MikeIppolito_:
-Parting wisdom from @Route2FI:
Conclusion
Have a great Friday friends and hang in there!
And please RT/subscribe/etc if you found this valuable!
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Note
Take heed AI + Crypto enthusiasts! 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!
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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.