Happy Monday friends! Today is the third birthday of The Daily Degen! If you are curious you can learn more about its history in this post from editor @rektdiomedes today :)
But yeah, it is a tremendous honor to curate for you and we appreciate you reading it tremendously!!!
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: $3.58T
QQQ (Nasdaq 100): $509.24
Gold: $3,337.50
Oil (WTI): $61.36
US 10Y Treasury: 4.509%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Once again, @QuaiNetwork is an extremely cool new EVM-compatible, GPU-mineable, POW (proof-of-work) blockchain based around the idea of tokenizing computing energy…
It continues to be one of the biggest stories in crypto as of late- often gracing the ‘trending projects’ page of @coingecko in recent weeks- and within this overall excitement, Quai’s new project @kippermoney is becoming quite a big deal in and of itself!
Kipper is Quai’s extremely cool new creator monetization tool on Twitter/X - through which you can also earn your first $QUAI via sign-up and referral incentives!
Learn more in the explainer video from @ChristopherNFGG below, and get additional background on Quai via the video below that from last month featuring Quai’s @mechanikalk discussing the network with The Calculator Guy @phtevenstrong!
Biggest TVL Movers + Other Interesting Data
Chains are mostly green today. Top 25 chains red on the weekly are Solana (#2), Sui (#8), Aptos (#11), Berachain (#12), Sonic (#14), Unichain (#15), Sei (#17), and Bitlayer (#20).
Protocols are also quite green today. Only top 50 protocols red on the weekly are Sky (#7), Ethereal (#33), and Solv Protocol (#45).
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!)
-11.49% APY on Avalanche AUSD strategy - managed by MNNC Group - with additional 5x Bonus Points - via Upshift (click here)
-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)
-12.78% APY on GHO on Aave V3 h/t DefiLlama research
-12.17% APY on USDO++ on Usual h/t DefiLlama research
-11.49% APY on USDC on Stream Finance h/t DefiLlama research
-9.55% APY on USDC on Goldfinch h/t DefiLlama research
-9.53% APY on USDC on Tokemak 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!)
-Something new called @stayloudio. Twitter bio states “The loudest always win, forever. Powered by @KaitoAI”. Followed by 203 of our mutuals. h/t @thedefiedge and @0x_ultra (who appears to be the creator of it):
-Something new called @prjx_hl. No Twitter bio. Followed by 99 of our mutuals. h/t @AresLabs_xyz and @0xAbhiP:
-Something new called @HedgeEmpire. Twitter bio states “Build your own trading empire on @sophon”. Followed by 13 of our mutuals. h/t @AresLabs_xyz:
-New project called @offlinefound. Twitter bio states “born in silence, building in shadows.” Followed by 18 of our mutuals. h/t @AresLabs_xyz:
Important News And Analysis
-There was more Saylor buying over the last week but it was heavily outpaced by ETF flows, h/t @thedefivillain:
-Trump delays EU tariffs, h/t @Cointelegraph:
-The above-mentioned @stayloudio is generating massive buzz on the TL today, h/t @Octop3s and @sandraaleow:
-More info on the above from @DidiTrading:
-US markets closed today and rest of the week pretty quiet from a tradfi-perspective:
-Hong Kong in the macro spotlight, h/t @DoveyWan:
-Absolutely fascinating comments from recent NYT stablecoins article showing just how much animosity still exists towards crypto in certain circles, h/t @nic__carter:
-Much focus on Sui post-exploit, h/t @WuBlockchain:
-Interesting chart from @dunleavy89 showing there has yet to be a rebound in China-US shipping traffic:
-Popular defi protocol Pendle continues to generate much positive attention, h/t @jamesjho_:
-New video of TA and general market analysis from @DaanCrypto:
-New crypto news livestream from the @coinbureau channel (aired an hour ago):
-New video on cookie(dot)fun from @patfscott Dynamo Defi:
-New interview from @0xResearch with Dmitriy Berenzon, on AI and compute and DePIN and etc:
-New HyperEVM airdrop guide from @drakeondigital:
-Fatalistic bullishness from @goodalexander:
-Related parting wisdom from @Cryptoyieldinfo:
Conclusion
Happy Monday and Happy Memorial Day good frogs!
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.