Happy Saturday friends! 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: $2.93T
Gold: $2917.70
Oil (WTI): $67.04
US 10Y Treasury: 4.305%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Once again, @maplefinance has made big news with its new partnership with Bitwise, who have chosen Maple for their first allocation into defi!
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 to hear more about the Bitwise x Maple partnership and all sorts of alfa on both Maple and the broader crypto + macro landscape, then make sure to check out the recent spaces that @maplefinance co-founders @syrupsid and @joe_defi did with Bitwise’s Jeff Park below! (note: conversation gets going at the 3:44 mark!)
And stay tuned as we continue highlighting everything Maple is doing!
Biggest TVL Movers + Else
Chains are mostly red today. Only top 50 chains up at least 20% on the weekly are Zircuit (#16), and Sei (#23).
Protocols are also mostly red today. Only top 50 protocol up at least 20% on the weekly is Zircuit Staking (#44).
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):
Here’s The Top 12 Dex’s By 7 Day Volume (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!)
-New project called @BakerDAO420. Twitter bio states “Incubated by @kodiakFi and @eatsleepyeet, with collaboration from @OlympusDAO”. Followed by 35 of our mutuals. h/t @AresLabs_xyz:
-New project called @Looped_HYPE has been added to @DefiLlama, categorized as a yield protocol on Hyperliquid L1. Twitter bio states “An automated looping protocol that maximizes yield on staked HYPE. Built by @stakingrewards & @nucleusearn”. Followed by 18 of our mutuals.
-New project called @KittenswapHype has been added to @DefiLlama, categorized as a dex on Hyperliquid L1. Twitter bio states “Kittenswap is a community owned DEX launching on HyperEVM with ve(3,3) mechanics!” Followed by 6 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
-Much speculation on market direction now that ‘crypto summit’ has concluded, h/t @DaanCrypto:
-Alt Season Index at lowest its been since summer of 2024, h/t @0xFinish:
-Continued focus on collapsing @truflation inflation numbers, h/t @AndreasSteno:
-Continuing to see a lot of excitement around Sonic from a lot of the smartest defi builders we follow, h/t @the_weso:
-Sonic’s @ShadowOnSonic dex is also generating a lot of positive attention, h/t @goon_crypto:
-Lots of focus in macro circles on Bessent’s talk of a “detox period” and the implication that Bessent and Trump are communicating that we should expect a moderate term stock market correction:
-Interesting praise for Grok 3 from @0xfoobar:
-"...in the absence of bad news or negative catalyst equities will always grind higher... crypto is the opposite, in the absence of good news or lack of positive catalyst crypto will always grind lower…” h/t @hash_cough:
-Good thread/list of all current $TAO/Bittensor subnets from @0xkhun_:
-Continued focus on Robinhood’s moves into crypto, h/t @RaoulGMI:
-“Every other country is now short $BTC” - @pythianism:
-New video from the @coinbureau channel discussing everything going on in crypto:
-New Scott Bessent interview from yesterday:
-New Luke Gromen macro Q&A:
-Parting wisdom from @cobie:
Conclusion
Happy Saturday friends and make sure to touch some grass this weekend!
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 @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.