Happy Monday good degens! Start of another big week!
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): $504.00
Gold: $3,230.10
Oil (WTI): $62.28
US 10Y Treasury: 4.449%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Things are heating back up in the world of crypto and defi yields are on fire!
And within this yield-maxxing renaissance one of the hottest arenas right now is @GammaSwapLabs!
As detailed in the great tweet from @zerototom below, GammaSwap users are currently earning over 36% APY via ETH/USDC LP exposure, over 100% APY via KAITO/ETH LP exposure, and over 88% in VIRTUAL/ETH LP exposure!
As background, GammaSwap is one of the most technically-advanced and sophisticated projects in all of crypto right now, and is responsible for some of the only true new defi primitives that have come out in the last year… including their new Yield Token technology that is about to revolutionize liquidity provision within the defi world!
Regarding the latter:
“GammaSwap solves [the concentrated-liquidity complexity issue] by packaging CL liquidity into simple, composable, spot-like yield tokens that:
• Abstract away complexity
• Hedge IL automatically
• Eliminate the need for manual rebalancing…”
Learn more about their new yield token technology in this thread, and stay tuned as we continue to bring updates on all the insane gigabrainage they are pumping out!
Biggest TVL Movers + Other Interesting Data
Chains are mostly green today. Only top 25 chains red on the weekly are Berachain (#10), and CORE (#17).
Protocols are also mostly green today. Only top 50 protocol red on the weekly is Infrared Finance (#31).
Here’s The Top 12 Best-Performing Chains By TVL On The Weekly With At Least $50M TVL: (from @DefiLlama):
Here’s The Top 12 Best-Performing Protocols By TVL On The Weekly With At Least $50M TVL: (from @DefiLlama):
Here’s The Top Entities By 24 Hour Revenue Generation (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!)
-15.00% APY on August Mezo tBTC strategy - managed by August Digital - with additional 5x Bonus Points - via Upshift (click here)
-7.95% APY on Multipli Upshift USDC - managed by August Digital - with additional 5x Bonus Points - via Upshift (click here)
-30.00% 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)
-16.57% APY on USDO++ on Usual 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 project called @liminalmoney. Twitter bio states “Yield beyond the (h)edge. Only possible on @HyperLiquidX”. Followed by 23 of our mutuals. h/t @katexbt:
-New project called @agistry_ai. Twitter bio states “├ Decentralized adapter registry for AI agent-tool interfacing ├ Standardizing access to off-chain services & APIs”. Followed by 3 of our mutuals. h/t @0xdetweiler:
-New project called @DonutBrowser. Twitter bio states “The agentic crypto browser”. Followed by 5 of our mutuals. h/t @0xdetweiler:
-Something new called @nagisafi. Twitter bio states “One Yield, Many Chains.” and “Powered by Berachain”. Followed by 5 of our mutuals. h/t @AresLabs_xyz:
Important News And Analysis
-The Nasdaq 100 is up almost 25% from the recent lows and many alts are up over 100%, as bears once again missed the chance to long the bottom, h/t sentiments from @0xSynthesis1:
-JD Vance to speak at Bitcoin Vegas and Frank DeGods steps down from DeGods project, h/t morning news from @Tyler_Did_It:
-Lots of bullish thoughts on the $BTC chart, example c/o @stackhodler:
-Saylor flywheel continues rolling on, h/t @thedefivillain:
-Most forecasts seem to be for 2.4% CPI (inflation) tomorrow, but @truflation is forecasting 2.3%:
-Lot of memecoins are pumping, also h/t @thedefivillain:
-Bullish thoughts on $FLUID from @litocoen ahead of rumors of Solana announcement:
-Possibility of a recession is looking less and less likely, h/t @fejau_inc:
-Seeing more and more talk about @ethos_network on the TL, which is a new SocialFi/tokenized-reputation project, example thread from @eli5_defi below:
-Very interesting bullish $BNB/Binance thread from @crypto_condom involving the Trump family, Abu Dhabi, the $USD1 stablecoin, and more (sample tweet below - click to read thread in full):
-“Great investoors conditions themselves to do the opposite of what they naturally want to do” - trading wisdom from @redphonecrypto:
-New video of TA and general market analysis from @DaanCrypto:
-New crypto livestream from the @coinbureau channel (aired an hour ago):
-New interview on the future of tech, from @BanklessHQ, with @shaunmmcguire:
-New video from @TaikiMaeda2 with an update on his MakerDAO thesis and other investing thoughts:
-Parting wisdom from @LouisCooper_, that life is fleeting, and you need to “lock-in” to every aspect of it, not just crypto:
Conclusion
Happy Monday good frogs and have a great 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 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.