Happy Tuesday good frogs! 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: $3.45T
QQQ (Nasdaq 100): $515.87
Gold: $3,247.20
Oil (WTI): $63.19
US 10Y Treasury: 4.489%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
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Biggest TVL Movers + Other Interesting Data
Chains are mostly red today. Only top 25 chains green on all three timelines (daily, weekly, monthly) are Solana (#2), Avalanche (#9), Aptos (#11), Hyperliquid L1 (#13), Cronos (#18), and Gnosis (#24).
Protocols are mostly red as well today. Only top 25 protocols green on all three timelines (daily, weekly, monthly) are Pendle (#12), and Marinade (#24).
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 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 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 @noicedotso. Twitter bio states “attention is currency. 13.05.25.” Followed by 3 of our mutuals. h/t @0xdetweiler:
-New project called @ventusfi. Twitter bio states “Ventus | High-performance AMM on Solana. Ultra-low slippage, algorithmic fee model & impermanent-loss protection. Cross-chain liquidity. Empowering DeFi.” Followed by 2 of our mutuals. h/t @0xdetweiler:
-New yield aggregator on Berachain called @0xBerancia has been added to @DefiLlama. Twitter bio states “The BGT yield maximizer for #Berachain. One deposit. Highest returns. Powered by @orange__finance & @PlutusDAO_io.” Followed by 7 of our mutuals.
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (all types, $1M+ TVL only) - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Important News And Analysis
-$COIN/Coinbase is being added to the S&P 500, which should bring significant passive flows to it given the nature of the 401k and pension systems in the US, h/t thoughts on it from Coinbase founder @brian_armstrong:
-CPI (inflation) came in at 2.3% yesterday- slightly under expectations of 2.4%- (and just as @truflation predicted), h/t @fejau_inc:
-Security alert that the @CurveFinance frontend (DNS/domain name) has been hijacked and re-pointed towards a drainer:
-Many are hailing “Internet Capital Markets’ and @believeapp as the hot new meta - good thread on it below from @hmalviya9 (sample tweets below - click to read in full):
-Video on the above from @ManoppoMarco:
-Robinhood is acquiring WonderFi- Canada’s top crypto trading platform apparently… Is this the “M&A Cycle”? h/t @crypto_condom:
-Will BlackRock launch an ETH L2? h/t @iamDCinvestor:
-It looks like the @Calderaxyz TGE/airdrop might take place this week, h/t @Picolas_Caged:
-Another opportunity in HyperEVM land- @hyperunit- h/t @DidiTrading:
-Massive tweet from @0xGeeGee with thoughts on all the current Kaito pre-TGE projects (click to read in full - below is just a sample of it!):
-Interesting article from @mattdotfi and @0x_davi - “What went wrong with SocialFi?”:
-Great new video from @Grantblocmates at @Blocmatesdotcom on the aforementioned ‘Internet Capital Markets’ narrative:
-New interview with Hyperliquid founder Jeff Yan from @thebellcurve:
-New roundtable from @Unchained_pod:
-New crypto/macro livestream from @noahseidman (aired yesterday):
-Don’t get rekt by fomo good frogs! Parting wisdom from @Jesseeckel c/o @QuotableCrypto:
Conclusion
Have a great Tuesday friends and stay alert out there!
And please RT/subscribe/etc if you found this valuable!
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Note
Big things are happening with @vertex_protocol as our beloved brypto markets start to heat back up!
Their omnichain liquidity system Vertex Edge is currently ranked #3 overall among all perps providers for 7-day perps volume on @DefiLlama (see screenshot below!)…
They are doing an absolutely MASSIVE amount of $VRTX-buybacks…
And they are aiming to be on 25+ EVM chains by the end of 2025!
Visit the Vertex site now to get started trading 60+ perps and spot markets, and stay tuned as we continue shining a light on everything they are doing!
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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.