Happy Tuesday good degens! Big times in crypto world!
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: $3.42T
QQQ (Nasdaq 100): $520.15
Gold: $3,281.50
Oil (WTI): $62.36
US 10Y Treasury: 4.491%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
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Biggest TVL Movers + Other Interesting Data
Chains are mixed today. Biggest gainer on the weekly among top 25 chains is Vaulta (#23) at +9.40%.
Protocols are mixed today as well. Biggest gainer on the weekly among top 50 protocols is Solv Protocol (#37) at +46.15%.
Here’s The Top 12 Best-Performing Chains By TVL On The Weekly With At Least $10M TVL: (from @DefiLlama):
Here’s The Top 12 Best-Performing Protocols By TVL On The Weekly With At Least $10M 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 @ETHRNSM. Twitter bio states “A movement to expand Ethereum’s cultural dominance. Create content. Get rewards. Join us…” Followed by 10 of our mutuals. h/t @AresLabs_xyz:
-New project called @delpho_labs. Twitter bio states “The first fully onchain, perp-powered synthetic dollar. Atomically engineered to a delta-zero hedge. Built on Hyperliquid.” Followed by 7 of our mutuals. h/t @AresLabs_xyz:
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
-The GENIUS Stablecoin Act has passed what was considered its biggest hurdle and looks poised to be enacted, and it now sounds as if Circle (USDC) could be bought by either Coinbase or Ripple, h/t @Tyler_Did_It:
-@iamDCinvestor thinks Coinbase is the likelier end result (is also worth mentioning that Ripple has reportedly ended up on the bad side of the Trump administration, which could be another variable):
-The S&P 500 has now regained 84% of its recent losses, h/t @WarrenPies:
-Best-performing L1 tokens since this cycle’s peak are $BNB, $HYPE, and $SUI, h/t @0xMughal:
-Lots of focus on ‘buy now, pay later’ platform Klarna’s increasing financial woes:
-Potential airdrop alfa re: Caldera username mint, h/t @kenodnb:
-The $MSTR/Saylor bull case from @thedefivillain:
-USD stablecoins are now apparently equal to 1.1% of US M2 money supply, h/t @Cointelegraph:
-Interesting airdrop type thing from @protocol_fx, h/t @Route2FI:
-Japan situation continues to be the focus of much attention in macro world, h/t @zerohedge:
-SocialFi crypto ‘Reputation and credibility’ site @ethos_network continuing to generate excitement as one of top potential future airdrop opportunities, h/t @NPC_68:
-New roundtable from @Unchained_pod:
-New episode of @thebellcurvepod featuring Austin Federa and Mateo Ward:
-New interview from @Lightspeedpodhq with @CryptoIRGuy Dan Kang:
-New video from @therollupco featuring Luca Netz and Michael Lee:
-Parting wisdom from @Route2FI and @blockchaingod69:
Conclusion
Happy Tuesday friends and stay hypervigilant out there!
And please RT/subscribe/etc if you found this valuable!
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Note
Huge things are happening with @vertex_protocol as our beloved brypto markets start to heat back up!
They just wrapped up another huge round of rewards for $SEI-traders…
They just extended their Season Two $AVAX Rewards for another week…
They are doing an absolutely MASSIVE amount of $VRTX-buybacks…
They are aiming to be on 25+ EVM chains by the end of 2025…
And their omnichain liquidity system Vertex Edge is currently ranked #4 overall among all perps providers for 7-day perps volume on @DefiLlama, and is at +194% on the monthly! (see screenshot below!)
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.