Happy Wednesday friends! Exciting times in our beloved brypto markets!
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: $3.55T
QQQ (Nasdaq 100): $522.44
Gold: $3,312.60
Oil (WTI): $61.83
US 10Y Treasury: 4.543%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
At the absolute forefront of defi gigabrainery you will find the team at @GammaSwapLabs!
Via their Perpetual Options technology and now the Yield Token advancements they are about to roll out, the GammaSwap team is responsible for some of the most brilliant new defi primitives we have seen in the last two years, which will fundamentally transform the world of on-chain liquidity once their full impact is felt!
Regarding Yield Tokens specifically…
“GammaSwap Yield Tokens are coming and they’re about to make concentrated liquidity positions actually usable in DeFi.
You’ll be able to:
-Provide liquidity to Concentrated Liquidity AMMs (CLAMMs)
-Hedge IL automatically via GammaSwap
-Receive a spot-like token that accrues yield over time…”
In addition all this genius tech stuff, there are also all sorts of RIDICULOUSLY SWOLE YIELDS that can currently be earned on GammaSwap!
Check out a prime example from @0xDeFiDevin below, follow GammaSwap on Twitter for more updates, and stay tuned as we roll out more info on their incredible new Yield Token tech!
Biggest TVL Movers + Other Interesting Data
Chains are mostly green today. Only top 50 chain up at least 10% on the weekly is Vaulta (#23).
Protocols are mostly green today as well. Top 50 protocols up at least 10% on the weekly include Pendle (#12), and DeSyn Protocol (#29).
Here’s The Top 12 Best-Performing Chains By TVL On The Weekly With At Least $100M TVL: (from @DefiLlama):
Here’s The Top 12 Best-Performing Protocols By TVL On The Weekly With At Least $100M TVL: (from @DefiLlama):
Here’s The Top Entities By 24 Hour Fee 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!)
-30.00% APY on Injective USDT strategy - managed by MNNC Group - with additional 5x Bonus Points - via Upshift (click here)
-30.00% APY on Sylva concentrated liquidity strategy - managed by Sylva(dot)money - with additional 5x Bonus Points - via Upshift (click here)
-8.30% APY on rsETH strategy - managed by Edge UltraYield - with additional 5x Bonus Points - via Upshift (click here)
-Varied and massive HyperEVM airdrop exposure on Hyperbeat Ultra HYPE vault - managed by Edge UltraYield - with additional 5x Bonus Points - via Upshift (click here)
-12.17% APY on USDO++ on Usual h/t DefiLlama research
-12.07% APY on GHO on Aave V3 h/t DefiLlama research
-10.28% APY on USDC on Tokemak h/t DefiLlama research
-9.55% APY on USDC on Goldfinch 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 @BlackholeDex. No Twitter bio. Followed by 21 of our mutuals. h/t @blocknewsdotcom:
-Something new called @project_sienna. Twitter bio states “…we contributing to the future of finance.” Followed by 1 of our mutuals. h/t @AresLabs_xyz:
-New project called @gavelxyz. Twitter bio states “Gavel is a token distribution and liquidity bootstrapping platform, fully on Solana. DMs open. Beware of impersonators. There is no Telegram or Discord.” Followed by 17 of our mutuals. h/t @AresLabs_xyz:
Important News And Analysis
-A new SocialFi/InfoFi platform called @cookiedotfun is generating massive buzz on the TL today, h/t @kenodnb and @thedefiedge:
-Solana’s Alpenglow upgrade is catalyzing discussion, and Pudgy Penguins are partnering with Random House on a children's book:
-Rabby Wallet (and DeBank) have now integrated the HyperEVM/Hyperliquid L1 chain, h/t @chip1cr:
-Lot of attention on “The Hyperliquid Whale” on the TL today, h/t @DaanCrypto:
-The Japan stuff is continuing to dominate macro discourse, h/t @zerohedge again:
-The prospective Circle (USDC) acquisition by either Coinbase or Ripple is continuing to generate a lot of discussion, with many expressing concern at the prospect of Ripple buying it, and some expressing cynicism regarding how valuable Circle is anyway, and others supporting the idea of Coinbase buying Circle… good example of the latter from @jobbma below:
-The concept of ‘Brand Coins’ is generating a lot of discussion - quote-tweeted piece from @osf_rekt below is an excellent read on the subject (with @osf_rekt’s coin being a prime example of the phenomenon), h/t @adriannewman21:
-Potential alfa re: $KAITO-staking from @heycape_?
-The security situation in crypto is getting stickier than ever, good summary of various common attack vectors below from @nic__carter:
-Are we all massively underestimating how quickly robots will become ubiquitous in society? h/t @iamDCinvestor:
-Seeing a lot of positive stuff about the Avalanche conference on the TL this week (it appears they held it in some absolutely beautiful rustic venue in England too - and frogs heartily endorses that which is rustic and beautiful), h/t @santiagoroel:
-Is 2025 the year real businesses move on-chain? New video from @patfscott:
-New macro interview with Kevin Muir from @fejau_inc:
-New @noahseidman crypto/macro livestream (aired an hour ago):
-New video from the @coinbureau channel on crypto security/opsec:
-“There’s nothing in this life you can’t achieve through relentless self-belief and positivity” - parting wisdom from @MacroCRG c/o @QuotableCrypto:
Conclusion
Have a great Wednesday friends and enjoy the excitement! :)
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.