Happy Sunday friends! Exciting times here in brypto world!
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: $3.43T
QQQ (Nasdaq 100): $487.97
Gold: $3,323.20
Oil (WTI): $61.02
US 10Y Treasury: 4.382%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Alright good anon… Do you want to get in on all the Kaito fun and earn rewards via Yapping but need a really high-quality project you can feel good talking about?!?
Well, if so… @Mantle_Official is the perfect choice, as they currently have a very generous Kaito campaign going on!
As noted in the thread below:
“Phase 2: May 6, 2025 - June 4, 2025 (30D)
Step 1: Yap about Mantle
Step 2: Rank up Mantle's Yapperboard
Step 3: Reach the top 50 by phase end
Step 4: Join the Yap Club, Mantle's creator community
50,000 $MNT will be split among the top 50 based on tiers…”
There’s also a ton of cool stuff going on with Mantle right now, including their new institutional-grade MI4 Fund in partnership with @Securatize… their new HyperEVM integration into the mETH Protocol Bridge… the recent $MNT listing from Coinbase… and the EXTREMELY cool new Mantle Banking initiative!
We are very proud to be helping bang the drum about everything Mantle is doing, so make sure to follow them on Twitter and stay tuned for more updates!
Biggest TVL Movers + Other Interesting Data
Chains are mostly green today. Best-performing chains on the weekly with at least $25M TVL are Flare, World Chain, and PulseChain.
Protocols are also quite green today. Best-performing protocols on the weekly with at least $25M TVL are Tangible, Morpho, Splash Protocol, Satoshi Protocol, and Reti Pooling.
Here’s The Top 12 Chains By (from @DefiLlama):
Here’s The Top 12 Protocols By (from @DefiLlama):
Here’s The Top Entities By 24 Hour Fee Generation (from @DefiLlama):
Here’s The Top 12 Dex’s By 7 Day Volume (from @DefiLlama):
Here’s The Top 12 Perps Dex’s By 7 Day Volume (from @DefiLlama):
Bitcoin Fear/Greed Index:
(from @BitcoinFear)
Top Yield Opportunities
(Note! This section is brought to you by our Official Sponsor @upshift_fi! We will include some of their top yield opportunities below as well some of the top ones from sorting on @DefiLlama (single-exposure, no-IL, $25M+ TVL) - note: the DefiLlama ones are just pulled from the raw data, so make sure to always DYOR!)
-13.15% APY on Multipli Upshift USDC - managed by August Digital - with additional 5x Bonus Points - via Upshift (click here)
-27.00% APY on USDC Sylva concentrated liquidity strategy - managed by Sylva(dot)money - with additional 5x Bonus Points - via Upshift (click here)
-10.80% APY on rsETH strategy - managed by Edge UltraYield - with additional 5x Bonus Points - via Upshift (click here)
-24.97% APY on Upshift Avalanche AVAX strategy - managed by MNNC Group - with additional 5x Bonus Points - via Upshift (click here)
-16.57% APY on USDO++ on Usual h/t DefiLlama research
-13.21% APY on SUSDE on Echelon Market (Aptos) h/t DefiLlama research
-11.08% APY on USDC on Tokemak h/t DefiLlama research
-9.55% APY on USDC on Goldfinch h/t DefiLlama research
-7.50% APY on GHO on Aave V3 h/t DefiLlama research
Check out the full list of Upshift yield opportunities here or by clicking the banner below!
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 dex on ETH Mainnet called @ZAMM_DEFI has been added to @DefiLlama. Twitter bio states “A Minimal Multitoken AMM…” Followed by 12 of our mutuals.
Important News And Analysis
-CPI (inflation) data coming out Tuesday, h/t @KobeissiLetter:
-Much focus on the $ETH chart as it sees its first outperformance in quite awhile, h/t @DaanCrypto:
-OI (open interest) ramping up but not too fast, h/t interesting indicator from @crypto_condom:
-Security alert re: Lido from @WuBlockchain and @0xngmi:
-Reminder that registration for the Resolv airdrop ends on May 16th, h/t @TheDeFinvestor:
-Is increasing popular EVM dex @0xfluid expanding to Solana? h/t great catch from @tino_research:
-Aave hits new all-time high in TVL, h/t @StaniKulechov:
-A number of “ETH Beta’ tokens like $ETHFI are pumping in wake of $ETH’s big comeback bounce, h/t @0xCarnation:
-Solana protocol @DefiTuna has apparently completed the snapshot for its TGE, h/t @katexbt:
-The rise of ‘Basis Farming’ protocols continues, h/t long-form tweet also from @katexbt breaking down three new ones including @liminalmoney, @BasisOS, and @yieldbasis:
-Is Hyperliquid still the best eco for airdrop exposure right now? If not what is? h/t @blockchaingod69:
-New roundtable discussion from @Unchained_pod:
-Newest interview with macro/natural resources/geopolitics/AI expert Doomberg:
-New macro interview with Grant Williams @ttmygh from @menlobear (we disagree with Grant on lots of stuff but is well-worth listening to):
-New video on Solana from the @coinbureau channel:
-Parting market thoughts from @alpha_pls:
Conclusion
Have a great Sunday friends and stay alert out there!
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 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.