Happy Monday friends! Start of another big week!
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: $2.80T
Gold: $3132.20
Oil (WTI): $71.11
US 10Y Treasury: 4.226%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
March was a huge month for @maplefinance, which saw much success despite the bleak price action of the wider crypto market!
Click here for an in-depth review of all the highlights and key data points…
Click here for more info on their surging TVL…
Or click here for a great introduction to Maple’s history from co-founder @joe_defi, in his recent appearance on the Charlie Shrem podcast…
In addition, Maple’s other co-founder- @syrupsid- was recently interviewed on the @zima_red podcast by @AndrewSteinwold. Their discussion covered all sorts of fascinating topics relevant to $SYRUP fans, startup builders, those working in the industry, and crypto investors generally!
Check out the video below and make sure to stay tuned as we bring additional updates on everything Maple is doing!
Biggest TVL Movers + Other Interesting Data
Chains are mixed this morning. Top 25 chains green on the weekly are Tron (#5), Berachain (#6), Sui (#9), Aptos (#11), Sonic (#12), Cronos (#16), Sei (#17), Taiko (#22), and Mantle (#23).
Protocols are mixed this morning as well. Only top 25 protocols green on the weekly are Sky (formerly MakerDAO) (#4), BlackRock BUIDL (#20), and Lombard Finance (#23).
Here’s The Top 12 Fastest-Growing Chains By TVL On The Weekly With At Least $1M TVL (from @DefiLlama):
Here’s The Top 12 Fastest-Growing 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 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 @talos_is. Twitter bio states “Balance is not found, it is created”. Followed by 26 of our mutuals. h/t @AresLabs_xyz and @EmpyrealSDK:
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
-Circle (USDC-issuer) IPO is big news of the morning, with filing expected by the end of April, and talks about a $4-5B valuation, h/t @WuBlockchain:
-Q1 was one of the worst quarters in crypto history for $BTC and $ETH price action, however it also saw new records for overall stablecoin market cap, overall dex volume, and overall perps dex volume, h/t @zerototom:
-Top crypto niches by mindshare currently are AI, Defi, and memecoins… with AI back above defi (which was recently leading) and memecoins back above stablecoins (which had jumped up over the last week), h/t @0xNairolf:
-Synthetix’s stablecoin $sUSD is apparently depegged, and there is a variety of talk on the TL about this and about arb’ing it and all sorts of stuff, h/t example from @beniduboss below:
-Lot of economic struggles outside of crypto world as well, with 50% of adult children in the US receiving help from their parents financially, at an average of $1,474 per month, h/t @zerohedge:
-Interesting article on Wayfinder X Kaito from @sandraaleow that shows that Wayfinder’s mindshare on CT apparently 12x’d following their inclusion on the TGE-board and their announcement that top Wayfinder ‘Yappers’ would earn part of the airdrop:
-880M USDe has been unstaked the past 4 days, but this has sent yields from 3.5% back up to 9.2% apparently, h/t @tomwanhh:
-Macro world getting more and more attention, with increasing debate surrounding the Fed, and whether they are on the cusp of greater dovishness, h/t @zerohedge:
-Despite bleak $ETH sentiment and price action there are still many success stories, h/t @lemiscate with specific focus on Aave:
-Have noticed @privy_io receiving a lot of positive attention from a variety of folks as of late, h/t @Rodairos:
-New HyperEVM airdrop guide from @MingoAirdrop:
-Initia apparently just announced an airdrop and Kaito campaign as well, h/t thread from @hmalviya9 (click for more info):
-New video from @DaanCrypto of TA and general market analysis (just published this morning):
-New video on Bitcoin and cycle analysis from the @coinbureau channel:
-New defi-focused roundtable featuring @phtevenstrong, @Dynamo_Patrick, and more:
-Another DAS discussion just now posted, from @0xResearch featuring a roundtable including @mdudas and @hosseeb:
-Parting wisdom from @follis_ c/o @QuotableCrypto:
Conclusion
Have a great Monday and stay alert out there friends!
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.