Happy Thursday good degens! Absolutely TONS 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: $3.002T
Gold: $2926.30
Oil (WTI): $66.05
US 10Y Treasury: 4.299%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Things are extremely hot on Sonic right now and @vertex_protocol is at the heart of it!
Examples of the yield-maxxing insanity below!
Biggest TVL Movers + Else
Chains are mostly green today. Fastest-growing chains on the weekly with at least $1M TVL are EthereumPOW, Sophon, Milkomeda C1, Cardano, and smartBCH.
Protocols are also mostly green today. Fastest-growing protocols on the weekly with at least $1M TVL are Angles, Ceres Demeter, Maple Finance (although this is because the tracking just got updated), YieldNest, and Stability.
Here’s The Top 12 Chains By TVL (from @DefiLlama):
Here’s The Top 12 Protocols By TVL (from @DefiLlama):
Here’s The Top Entities By 24 Hour Token-Holders’ Revenue (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 @laminar_xyz. Twitter bio states “The liquidity engine for @HyperliquidX.” Followed by 7 of our mutuals. h/t @AresLabs_xyz:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (single-exposure, no-IL, $25M+ TVL only) - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Important News And Analysis
-Situation in German and broader Europe-wide bond markets is generating much attention in macro circles, as well as Japan:
-Much focus on the ‘Crypto Summit’ being held in DC tomorrow and how to position around it, thoughts below from @DaanCrypto:
-The next CPI (inflation) data release comes out March 13th and @truflation’s real-time inflation data is currently crashing downward, h/t @Andre_Dragosch:
-Altcoin Seasonality Index is extremely low right now as most alts are down bad, h/t @milesdeutscher:
-$SUI pumped today on news they are partnering with the Trump’s WorldLibertyFi and that Eric Trump owns it, h/t @Tyler_Did_It:
-Latest defi headlines from @TheDeFinvestor:
-Continuing to see a lot of bearish sentiment around $ETH on the TL, example c/o @DoveyWan:
-Kaito does token buyback:
-Some good random alfa from @0xGeeGee of defi protocols worth using:
-Another good list of currently hot defi projects to check out, from @insomniacxbt:
-Good crypto-adjacent list of top current LLM’s, h/t @tmychow:
-New Blocmates livestream featuring @jediblocmates and @Grantblocmates discussing everything going on in crypto - both overall and deep in the trenches, just aired two hours ago:
-New video on Sonic from the @coinbureau channel:
-New vlog about the ETHDenver conference from last week, from @0xMughal:
-New interview with macro and natural resources expert Doomberg:
-Parting thoughts from @Matt_Hougan:
Conclusion
Happy Thursday friends! Stay alert out there!
And please RT/subscribe/etc if you found this valuable!
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Note
Big news today regarding Bitwise and @maplefinance!
As reported by @CoinDesk:
“Crypto asset manager and ETF provider Bitwise has made its first allocation into decentralized finance (DeFi) through a partnership with on-chain credit specialist Maple Finance...
Bitwise’s allocation, the size of which was not disclosed, is leveraging a Maple bitcoin-backed lending product, and represents a significant milestone in the adoption of on-chain credit by institutional allocators...
As well as its high profile crypto ETFs, Bitwise has over $12 billion in client assets across separately managed accounts, private funds, hedge fund strategies, and staking…”
If you want a great introduction to Maple, background on the project, and its insanely bullish outlook heading into 2025, we highly encourage you to check out the this interview from last month with co-founder @joe_defi or this recent appearance on CNBC by co-founder @syrupsid!
And stay tuned as we continue highlighting everything Maple is doing!
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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.