Happy Monday friends! Weekend was so eventful it almost feels like it should be Wednesday or Thursday already!
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: $3.087T
Gold: $2902.80
Oil (WTI): $69.72
US 10Y Treasury: 4.189%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Big things continue to happen with @maplefinance friends!
Maple and their defi-facing instance @syrupfi recently hit over $600M in combined TVL, $5.5B in loans originated, and over 300k in monthly recurring revenue, and are leading the charge in the burgeoning confluence of defi + RWA + institutional crypto investment!
As stated in this recent article by Maple co-founder @joe_defi:
“Maple aims to become the largest facilitator of onchain credit worldwide by 2030. We envision a future where accessing institutional lending markets is frictionless. Capital markets are the engine of innovation, funding everything from the earliest trade routes to modern space exploration…
Our goal is to empower everyone—from institutional investors to retail users—to earn consistent yields through transparent lending markets funding the future… We are making borrowing and lending as seamless as any modern digital service, democratizing institutional credit markets for everyone…”
Learn more about everything going on with Maple right now via the excellent thread from @GL_Capital_ below! And make sure to stay tuned as we continue rolling out more updates on everything the team is shipping!
Biggest TVL Movers + Else
Chains are mostly green today. Top 50 chains green on all three timelines (daily, weekly, monthly) include Aptos (#11), and Cardano (#17).
Protocols are also mostly green today. Top 50 protocols green on all three timelines (daily, weekly, monthly) include Ondo Finance (#38), Cygnus (#43), and Dolomite (#46).
Here’s The Top 12 Best-Performing Chains By TVL On The Weekly With At Least $100M TVL (from @DefiLlama):
Here’s The Top 12 Best-Performing 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):
Here’s The Top 12 Chains By 7 Day Stablecoin Inflow % (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 @billions_ntwk. Twitter bio states “The Global Human and AI Network”. Followed by 71 of our mutuals. h/t @AresLabs_xyz:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (single-exposure, no-IL, $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
-Much continued focus on Trump statements in crypto markets today, h/t @Tyler_Did_It:
-The US 10 year continues to come down - a bullish sign amidst all the chaos and poor price action:
-Calendar of upcoming events and dates to be aware of in crypto (click for rest of month + list of potential March TGE’s), h/t @layerggofficial:
-Top macro/geopolitical headlines, as they continue to have outsize effect on market sentiments, h/t @zerohedge:
-Thoughts on the market and all the Trump announcements stuff from @DaanCrypto:
-Pre-swap token approvals on Ethereum will apparently be less omnipresent soon (although it sounds as though the subject is all pretty nuanced, so recommend reading the comments and quote-tweets for more info if interested), h/t @riptdoteth:
-February apparently saw the largest net stablecoin inflow to exchanges on record, h/t @intotheblock:
-Popular dex aggregator DefiLlamaSwap has added support for Sonic chain:
-Important security reminder from @CryptoTaxSucks, regarding accidentally sending the wrong token to centralized exchange addresses:
-Good video on Kaito from @sandraaleow if you need an introduction or refresher:
-Some of the most measured thoughts we saw on the ‘Strategic Crypto Reserve’ question, from @billbarx:
-New livestream of crypto news from @coinbureau (just published one hour ago):
-New roundtable from @Unchained_pod:
-New video from @sassal0x on everything going on in Ethereum world:
-New @Jesseeckel video on the macro/crypto situation and possibility of further rate cuts:
-Parting wisdom from @santiagoroel:
Conclusion
Happy Monday good degens! Here’s to a big week!
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.