Happy Sunday good degens!
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: $3.47T
QQQ (Nasdaq 100): $509.24
Gold: $3,356.90
Oil (WTI): $61.53
US 10Y Treasury: 4.509%
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 mostly red today. Fastest-growing chains on the weekly with at least $10M TVL are Goat, Plume Network, and World Chain.
Protocols are quite red as well. Fastest-growing protocols on the weekly with at least $10M TVL are Plume lending protocol Solera, uncategorized multichain protocol Tangible (think this could be a data error though), Hyperliquid L1 dex Valantis, Cardano dex Splash Protocol, and uncategorized PulseChain protocol PulseX.
Here’s The Top 12 Chains By TVL: (from @DefiLlama):
Here’s The Top 12 Protocols By 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!)
-Something new called @truemarketsco. Twitter bio states “The Next Evolution of Markets: stablecoin-native, unmatched trading efficiency separating custody and execution”. Followed by 18 of our mutuals. h/t @immutablejacob:
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
-Quiet weekend, with markets closed tomorrow (Monday) in US due to Memorial Day, h/t @DaanCrypto:
-New airdrops for $KAITO-stakers and potentially Kaito-Yappers rumored for next week (make sure to input your Solana address if you haven’t yet!), h/t @TheDeFinvestor:
-Pre-TGE (pre-token) projects with highest mindshare currently are Abstract, Infinex, Base, Somnia Network, Farcaster, Huma, Monad, MegaETH, and Sophon - h/t @_dexuai:
-Could Aave potentially deploy on Tron eventually?!? h/t @tokenterminal:
-Seeing more and more signs of sovereign involvement in Bitcoin and crypto, h/t example from @Cointelegraph:
-New project @glympsedotfun worth checking out? Potential alfa c/o @wronguser000:
-Seeing continued excitement on the TL about new ETH L2 @megaeth_labs, good summary about it from @AzFlin below (click to access recording of spaces that this stems from):
-Will Bitcoin outperformance accelerate over the rest of this cycle? Will $ETH rebound? Interesting forward-looking thoughts from @mesky_:
-“My three primary idea sources: defilllama, X, debank.” - @Cryptoyieldinfo:
-Seeing some smart accounts we follow talking about both TOKE and ALD lately, h/t @schizoxbt:
-Massive long-form thoughts + alfa from @0xGeeGee on subjects including Bitcoin-dominance, $ETH, $STX, the ICM meta, Solana, Worldcoin, $CAKE, InfoFi, Curve-wrappers, and more:
-New @patfscott Dynamo Defi interview with @TradeNeutral co-founder:
-New Scott Bessent interview from yesterday that generated a lot of headlines:
-New @Unchained_pod interview on stablecoins and regulation and etc with @CampbellJAustin:
-New interview with Jordi Alexander @gametheorizing from @therollupco:
-Parting thoughts from Bitwise CEO @HHorsley:
Conclusion
Have a great Sunday friends and rest up for the big week ahead! :)
And please RT/subscribe/etc if you found this valuable!
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Note
HUGE things are happening with @maplefinance!
AUM is exploding…
Token price is surging…
Big initiatives are currently rumored…
And massive rewards campaigns are going on for $syrupUSDC depositors!
Much other BIG NEWS on the docket as well, so check out the the VERY interesting tweets below to learn more, make sure to follow Maple on Twitter for more updates, and stay tuned as we continue highlighting 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.a