Happy Wednesday friends! Good to see some greenery today!
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: $3.05T
Gold: $2928.00
Oil (WTI): $65.87
US 10Y Treasury: 4.252%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Attention has shifted away from the AI Agent meta temporarily… but there are massive advances taking place within it… and the team at @Cod3xOrg are at the absolute forefront of them!
As a reminder, Cod3x is a fully hosted AI agent creation platform in an easy-to-use web app- from legendary defi builder @0xBebis_ and co- that we have been helping spread the word about!
As stated in the article below, Cod3x is to the AI market as Wordpress was to websites or Shopify was to e-commerce… and is poised to revolutionize the entire nascent crypto x AI sector…
If you have any interest in the confluence of crypto and AI then it is crucial you read their newest article about everything they have been shipping…
Here is a screenshot from it:
And here is a new video of their system in action that they just posted to Twitter:
Biggest TVL Movers + Else
Chains are quite green today. Only top 50 chains up at least 10% on the weekly are Cardano (#17), BOB (#26), Sei (#28), and Hedera (#40).
Protocols are also mostly green today. Only top 50 protocols up at least 10% on the weekly are Infrared Finance (#19), Ondo Finance (#34), Cygnus (#41), and BEX (#48).
Here’s The Top 12 Fastest-Growing Chains By TVL On The Weekly With At Least $20M TVL (from @DefiLlama):
Here’s The Top 12 Fastest-Growing Protocols By TVL On The Weekly With At Least $20M 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 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!)
-New project called @HyperYieldx has been added to @DefiLlama, categorized as a lending protocol on Hyperliquid L1. Twitter bio states “Lend, Borrow, Earn at Hyper Speed on HyperLiquid L1.” Followed by 1 of our mutuals.
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (all types, $1M+ TVL only) - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Important News And Analysis
-The massive volatility continues, h/t @Tyler_Did_It:
-$DXY (USD) is falling (a very bullish sign for crypto typically):
-$PI token- from @PiCoreTeam - has quickly catapulted to being the 12th biggest crypto token by market cap despite hardly any fanfare on CT, h/t @TheDeFinvestor:
-Bitcoin-dominance still trending sideways, h/t @DaanCrypto:
-Dolomite airdrop has arrived, h/t @Slappjakke:
-Uniswap appears to have a lot of stuff going on currently and to be under some scrutiny regarding its direction and competitiveness within the dex landscape, h/t @DeFiIgnas:
-Reddit co-founder Alexis Ohanian apparently wants to buy TikTok and put it on-chain:
-Good summary of all the Aave stuff that’s been generating so much positive attention this week, h/t @OAK_Res_EN:
-Interesting comments from Berachain-founder @SmokeyTheBera that “we totally sold too much to VCs", h/t @lex_node:
-Another great alfa catch from @intern_cc, re: Elixir in this case:
-There seems to be an emergent renaissance in the last week(s) of games made with Grok and other AI tools - could this quickly lead to a new ‘GameFi’ season when paired with crypto? h/t @S4mmyEth:
-New interview with Sonic founder and defi legend @AndreCronjeTech from @Dynamo_Patrick:
-New @TaikiMaeda2 video discussing Aave, MakerDAO, and more:
-Update on everything going on in the Hyperliquid ecosystem from @Blocmatesdotcom:
-Parting wisdom from @wronguser000:
Conclusion
Happy Wednesday good frogs and stay alert out there!
And please RT/subscribe/etc if you found this valuable!
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Note
Reminder friends that @vertex_protocol is now live on Berachain via @brotrade_DEX - who are using Vertex’s gigabrain omnichain liquidity infra to provide perps trading on the popular new chain!
As recently noted by @brotrade_DEX:
“With Vertex Edge, our “back-end beast,” you'll experience CEX-level speed (5-15ms per trade) and top-tier infrastructure. Say goodbye to slippage and fragmented markets; this is where smooth, optimized trading on Berachain begins–bro.trade is here for you!…
With 50+ markets and the leverage you need, dive into the majors like ETH and BTC with 20x leverage, or satisfy your degen cravings with a meme token. Whatever you're looking to trade, the bros have you covered…”
BroTrade is the perfect example of how Vertex is increasingly spanning all of defi via their brilliant perps liquidity engineering! Between instances like BroTrade and actual deployments of the Vertex brand itself, they are planning to be on over 25 chains by the end of 2025!
Make sure to follow for @brotrade_DEX and @vertex_protocol for more updates and stay tuned as we keep banging the drum about what they are doing!
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***Note On Material: The ‘Spotlight’ and ‘Note’ sections and info on our Official Monthly Sponsor @vertex_protocol 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.