Happy Tuesday good degens! Lots of stuff going on!
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: $3.58T
QQQ (Nasdaq 100): $519.14
Gold: $3,300.50
Oil (WTI): $60.87
US 10Y Treasury: 4.461%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Big things continue happening with @vertex_protocol friends!
Their omnichain liquidity system Vertex Edge is currently ranked #3 overall among all perps providers for 7-day perps volume on @DefiLlama…
They are doing an absolutely MASSIVE amount of $VRTX-buybacks…
$USDC-depositors on the platform are clocking in 20%+ APY’s…
And they are aiming to be on 25+ EVM chains by the end of 2025!
Vertex co-founder @DariusTabai also just met up recently in Vienna with the crew from @Blocmatesdotcom and they made the excellent video (embedded 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!
Biggest TVL Movers + Other Interesting Data
Chains are mostly green today. Best-performing top 25 chain on the weekly is Hyperliquid L1 (#10) at +31.93%.
Protocols are also mostly green today. Best-performing top 50 protocol on the weekly is Lista DAO (#37) at +15.63%.
Here’s The Top 12 Best-Performing Chains By TVL On The Weekly With At Least $1M TVL: (from @DefiLlama):
Here’s The Top 12 Best-Performing Protocols By TVL On The Weekly With At Least $1M TVL: (from @DefiLlama):
Here’s The Top Entities By 24 Hour Revenue 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 @gitfish. Twitter bio states “On a mission to fund every open source project. Tokenize and trade GitHub repos 👇” Followed by 38 of our mutuals. h/t @DeFi_Cheetah:
-Something new called @Basedappcom. Twitter bio states “The next memecoin isn't a coin. Coming Soon.” Followed by 13 of our mutuals.
-New project called @auradotmoney. Twitter bio states “Social. Trenches. Perps. Yield. ˚ Coming soon ˚ Token not live”. Followed by 19 of our mutuals. h/t @AresLabs_xyz:
Important News And Analysis
-Circle (USDC) will apparently be IPO’ing after all, after much speculation they would be selling to either Coinbase or Ripple, h/t morning news from @Tyler_Did_It:
-New Tether-linked “Built on Bitcoin” “blockchain for stablecoins” @PlasmaFDN announced this morning that it will be doing a public sale on Cobie’s @echodotxyz platform, h/t @mdudas:
-Eyes on the “Coinbase Premium” indicator as we head into the Las Vegas Bitcoin Conference, plus link if you want to track it yourself, h/t @crypto_condom:
-Interesting list of top current keywords on crypto-twitter, h/t @PinkBrains_io:
-@truflations’ real-time inflation numbers back over 2% for the US:
-Japan to apparently tweak bond issuance, h/t @FedGuy12:
-A new “MicroStrategy for $ETH” is generating much attention today, h/t @lex_node:
-Are such Saylor-inspired “PCV’s” (as @JasonYanowitz calls them) going to be a key variable in this cycle?
-$HYPE and Hyperliquid and the HyperEVM ecosystem continue to dominate in terms of mindshare and performance, h/t @TheDeFinvestor:
-39% of investors from the U.S. apparently now see crypto as an inflation hedge, up from 32% last year, h/t @LDNCryptoClub:
-New podcast/roundtable discussion from something called @_Fullport we haven’t seen before, featuring a number of popular crypto-twitter folks:
-New episode of @theempirepod featuring @JasonYanowitz interviewing @joshsolesbury and @tylev on the new Saylor-inspired ‘Bitcoin treasury playbook’:
-New interview from @pahueg with @bgilliam1982 on crypto, ethics, nihilism, and blockchain’s role within the current state of capitalism:
-New episode of @thebellcurvepod with @santiagoroel and @JasonYanowitz interviewing @ryanberckmans and @dunleavy89:
-Parting stat from @cryptobeastreal:
Conclusion
Have a great Tuesday friends and stay alert out there!
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.