Happy Sunday good degens!
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: $3.128T
Gold: $2867.30
Oil (WTI): $69.76
US 10Y Treasury: 4.203%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
‘Sonic Season’ continues to heat up as defi users compete to rack up points and gems ahead of their upcoming airdrop!
If you are taking advantage of it then make sure to check out Part Two of the ‘Sonic Fusion’ campaign by @vertex_protocol!
“The ultimate DEX is now on Sonic, powered by Vertex Edge. Leap into an unmatched trading experience, with Spot, Perps & Money Markets, fully cross margined for ultimate capital efficiency. Earn points to get rewards!”
Vertex also just unleashed 1.75M in $S/Sonic tokens as trading rewards, which users can also gain a share of by trading on Vertex’s Sonic deployment!
Learn more in the tweet below and make sure to follow Vertex on Twitter for more updates!
Biggest TVL Movers + Else
Chains are mixed today. Only top 50 chains green on the monthly are Sonic (#13), and Hyperliquid L1 (#14).
Protocols are mixed today as well. Only top 100 protocols green on the monthly are Royco Protocol (#14), Stargate Finance (#28), Ondo Finance (#38), Dolomite (#45), Cygnus (#47), and Cian Protocol (#48).
Here’s The Top 12 Best-Performing Chains By TVL On The Weekly With At Least $1M TVL (from @DefiLlama):
Here’s The Top 12 Best-Performing 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 we also include or re-include every newly launched protocol added by @DefiLlama that has at least some TVL or is followed by at least some of our mutuals - hence disclaimer: these are not pre-vetted by us so make sure to DYOR!)
-Something new called @robotsdotfun. Twitter bio states “Launchpad of Robotics AI Agents - brought to you by @frodobots and @virtuals_io . Daily competitions to catch fugitive Alien NFTs.” Followed by 5 of our mutuals. h/t @AresLabs_xyz:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (single-exposure, no-IL, $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
-News of the morning is the possibility of an Executive Order from President Trump that may include a Strategic Reserve buying notable US-based digital assets, h/t @Tyler_Did_It and @matthew_sigel:
-The price spike on ADA, SOL, and XRP following the above announcement has caused XRP to at least temporarily flip ETH in FDV, h/t @Dynamo_Patrick:
-Last month was the worst February for Bitcoin since 2014 and the worst ever for Ethereum, h/t @DaanCrypto:
-Macro schedule for the week ahead from @KobeissiLetter:
-Defi headlines c/o @TheDeFinvestor:
-@truflation’s real-time inflation tracker has fallen back to the 1.50% range, h/t @pakpakchicken:
-Aave to deploy on Sonic, h/t @NPC_68:
-“Denver didn’t feel like an ETH conference, but more like an AI + crypto + TradFi + techno-philosophical conference. The convergence is true and real and accelerating.” - thoughts on ETHDenver from @redphonecrypto:
-More thoughts on Danny Ryan and @Etherealize_io from @iamDCinvestor, and link at bottom to an interview with Danny Ryan from ETHDenver that was just published;
-Western European doom-stats remain omnipresent:
-Reminder there is still a ton of unclaimed KAITO so make sure to check if you got any if you ever signed up for it:
-New macro video from Brent Johnson @SantiagoAuFund - originator of the ‘Dollar Milkshare’ theory:
-New interview with Pranav Kanade from VanEckk from @DeFi_Dad going over this cycle, Kaito, infofi, ETH, Mantle, Stablecoins, and more:
-New video from The Calculator Guy @phtevenstrong going over the state of the market and yield farming and etc:
-Weekly macro overview with Joseph Wang @FedGuy12:
-New @0xSteadyLads roundtable featuring guest Evgeny Gaevoy, CEO of Wintermute:
-Parting wisdom from @BlocksNThoughts, via @QuotableCrypto:
Conclusion
Happy Sunday friends! 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 and info on our Official Monthly Sponsor 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.