Happy Friday lads and ladettes! Busy times in cryptoland!
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: $3.46T
QQQ (Nasdaq 100): $519.60
Gold: $3,181.60
Oil (WTI): $62.48
US 10Y Treasury: 4.43%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Huge new announcement from our Official Sponsor @upshift_fi - who just unveiled a massively bullish new partnership with Injective that includes some absolutely SKY-HIGH stablecoin yield!
As detailed in their new thread:
“We're excited to announce our latest collaboration, launching an RWA DeFi vault with @injective:
> target APY of 30% on USDT
> running a market-making strategy for tokenized RWAs on @HelixApp_
> curated by DeFi yield fund @Mnncgroup
What are the rewards for the INJ pre-deposit vault?
- USDT Deposits initially capped at $5m
- Liquid yield generated from market-making on @HelixApp_
- Early depositors earn 5x Upshift points
- INJ rewards distributed at a target APY of 30% (redeemed in USDT)
- Earn 1 point for every 10 points earned by your referrals…”
Access this vault and others by visiting the Upshift site here, and make sure to follow Upshift on Twitter for more updates!
Biggest TVL Movers + Other Interesting Data
Chains are mixed today. Only top 25 chains red on the weekly are Bitcoin (#4), BSC (#5), Berachain (#11), Unichain (#15), CORE (#17), and BSquared (#21).
Protocols are also mixed today. Only top 25 protocols red on the weekly are Sky (#6), Babylon Protocol (#10), Veda (#16), Jupiter (#18), Kamino (#19), and KernelDAO (#23).
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 @tryaltitude. Twitter bio states “Save, earn, and move dollars — without borders, banks, or weeks of paperwork.” Followed by 18 of our mutuals. h/t @twindoges:
-New project called @me_aiac. Twitter bio states “Pioneering AgentFi with ai[dot]ac—AI agents building self-operating crypto economies. Join the revolution!” Followed by 6 of our mutuals. h/t @twindoges:
-New project called @taocan_bot. Twitter bio states “The best trading bot for dTAO. Welcome to the τaoches.” Followed by 4 of our mutuals. h/t @twindoges:
-New project called @10KWorld_. Twitter bio states “Watch videos to earn coins…” Followed by 22 of our mutuals. h/t @AresLabs_xyz:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (all types, $25M+ TVL only) - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Important News And Analysis
-Continued discussion about the Coinbase data breach, GENIUS bill in DC still up in the air, and more morning news c/o @Tyler_Did_It:
-Interesting story re: BlackRock integration with Euler on Avalanche, h/t @WuBlockchain:
-LAUNCHCOIN getting lots of attention on the TL today, example c/o @thedefivillain:
-Uniswap introduces one-click swaps post-Pectra and Rumpel is generating attention in the airdrop/points space, h/t @TheDeFinvestor:
-$HYPE/Hyperliquid getting talked about on CNBC, h/t @reisnertobias:
-Absolutely fascinating stat on America’s housing stock, and the question of whether it is aging as well as other implications, h/t @KobeissiLetter:
-Security reminder from @QwQiao to be wary of scams in the wake of this Coinbase data breach (and always):
-Some of these memecoins just seeing utterly incredible volatility, h/t example of $MOODENG from @thedefivillain:
-Infinex has instituted a substantial new Kaito campaign, h/t @DidiTrading:
-Mitosis also still generating excitement in airdrop/Kaito world, also h/t @DidiTrading (dude is hyper locked-in highly recommend following him):
-Weekly thread of airdrop links and checkers (click to read thread in full) from @Earndrop_io via @OlimpioCrypto:
-New interview with Jeff Park @dgt10011 from @pahueg:
-New episode of @thebellcurvepod featuring @MikeIppolito_, @pythianism, and @im_manderson:
-New roundtable discussion from @blocmatesdotcom discussing all sorts of current stories in crypto (aired an hour ago):
-New @noahseidman livestream (aired yesterday):
-New discussion between @santiagoroel and @JasonYanowitz on the current state of crypto and defi:
-New @patfscott video on the rise of stablecoins:
-Parting reminder from @Cryptoyieldinfo to always take profit:
Conclusion
Happy Friday and stay alert out there friends!
And please RT/subscribe/etc if you found this valuable!
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Note
Things are once again heating up with $ETH the last few weeks and @Mantle_Official are right at the heart of it via @mETHProtocol and all the bullish developments in their ecosystem!
As background, @mETHProtocol offers a full-stack liquid staking and restaking ecosystem via $mETH and $cmETH. Designed for both defi natives and tradfi allocators, it provides compliant and capital-efficient exposure to the continually changing ETH yield landscape!
$mETH is also going to be included in Mantle’s new institutional-grade MI4 Fund in partnership with @Securatize, the firm behind BlackRock’s BUIDL and Apollo’s ACRED…
In addition, the upcoming Mantle Banking initiative will allow $mETH to interact with the broader financial system and help expand the world of Ethereum defi to the entire global marketplace!
We are very proud to be helping bang the drum about all of the above, so make sure to follow Mantle on Twitter and stay tuned for more updates!
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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.