Happy Friday good frogs! Exciting 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: $3.57T
QQQ (Nasdaq 100): $508.26
Gold: $3,356.40
Oil (WTI): $61.63
US 10Y Treasury: 4.497%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
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Visit the Upshift site to get started, and make sure to follow them on Twitter for more updates!
Biggest TVL Movers + Other Interesting Data
Chains are mixed today. Only top 25 chains red on the weekly are Sui (#8), Berachain (#11), Aptos (#12), Unichain (#15), and Sei (#16).
Protocols are also mixed today. Only top 50 protocols red on the weekly are Sky (#7), Ethereal (#35), Infrared Finance (#40), and Solv Protocol (#46).
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 Revenue 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!)
-The new Kraken tokenized stocks platform that big headlines yesterday - @xStocksFi. Twitter bio states “Pioneering tokenized equities. Over 50 tokenized stocks available onchain and on centralized exchanges. Issued by @BackedFi.” h/t @krakenfx and @twindoges:
-New project called @polyminal. Twitter bio states “Advanced Trading Prediction Market Terminal. Step up your game. Closed Beta incoming.” Followed by 5 of our mutuals. h/t @twindoges:
-New project called @aigntfun. Twitter bio states “Create your own AI Trading Agent, provide liquidity for the ones who perform the best and let the AI scalp, snipe, DLMM and trade for you.” Followed by 3 of our mutuals. h/t @twindoges:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (all types, $5M+ TVL only) - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Important News And Analysis
-Trump tariff comments about the EU caused equities and crypto to drop this morning, and a group of legacy banks are apparently talking about some joint stablecoin project, h/t @Tyler_Did_It:
-Long-duration bonds continue to suffer, dominating coverage in macro world, h/t @charliebilello:
-Lots of excitement on the TL about giga-hot EVM dex @0xfluid coming to Solana via partnership with Jupiter Exchange, h/t @BananaOfMercy:
-AI and stablecoins appear to be the biggest stories in tech and crypto currently, h/t @samkazemian and @NikMilanovic:
-Many are commenting on what appears to be a change in rhetoric from the Trump administration from austerity to more growth-focused talk, h/t @WClementeIII:
-Popular new InfoFi/SocialFi platforms @ethos_network is temporarily pausing new invites to the platform due to scaling issues:
-Seeings lots of bullishness in the short-term but also concern over the end of the 90 day Trump tariffs pause in July, h/t @krugermacro:
-Interesting story re: a16z and Bain buying a large amount of $WLD/Worldcoin, h/t @Matt_Hougan:
-Today is apparently the last day to enter one’s Solana address for the $BOOP-airdrop via Kaito, however Twitter/X is currently having integration problems with Kaito and other SocialFi platforms and many are having trouble signing into the latter, h/t @DidiTrading:
-Sophon airdrop checker is apparently now live, h/t @Picolas_Caged:
-Extremely good long-form article on Kaito from @GLC_Research - is very well-written and very long, click to read in full:
-New interview from @pahueg with macro gigabrain @LukeGromen:
-New Blockworks video featuring @fejau_inc and @qthomp:
-New crypto/macro livestream from @noahseidman (currently airing as we publish this):
-New crypto roundtable featuring @pythianism, @im_manderson, @MikeIppolito_, and @tkstanczak:
-Is the bull market we’ve all long prepared for finally here? Parting thoughts from @noahseidman:
Conclusion
Happy Friday good degens! Stay alert out there!
And please RT/subscribe/etc if you found this valuable!
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Note
Vertex aka @vertex_protocol has been getting lots of attention for the ridiculously solid APY’s that $VRTX-stakers have been receiving (40-50% most of the time as of late!), but what often gets overlooked is that they have also been providing some very solid returns on $USDC as well!
As seen in the tweet below from @vertexintern, those lending on Vertex have been receiving an absolutely stellar return as of late!
In related (and equally bullish) news, Vertex’s omnichain liquidity system Vertex Edge is currently ranked #3 overall among all perps providers for 7-day perps volume on @DefiLlama!
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.