Happy Thursday good degens! Tons 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: $3.52T
QQQ (Nasdaq 100): $521.46
Gold: $3,314.70
Oil (WTI): $60.91
US 10Y Treasury: 4.432%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Big news from the crew at @vertex_protocol - who are now deploying on new L2 @katana!
Katana is “a defi chain forged to bring dead bags to life via deep liquidity & high yield built by katana foundation, incubated by @0xpolygon x @gsr_io…”
Vertex will providing perps liquidity on Katana via their omnichain liquidity system Vertex Edge!
This marks the newest chain they have expanded to, on their journey/goal of being on 25+ EVM chains by the end of 2025!
In addition to this, Vertex keeps knocking it out of the park with absolutely MASSIVE $VRTX-buybacks, 20%+ APY’s for $USDC-depositors on the platform, and more!
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 mixed today. Top 25 chains up at least 10% on the weekly include Hyperliquid L1 (#10), Unichain (#15), and BSquared (#19).
Protocols are mixed as well. Only top 50 protocol up at least 10% on the weekly is Spark (#5).
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 10 Dex’s By 24 Hour Volume (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/newish called @xpticket. Twitter bio states “The ticketing platform of tomorrow that puts fans first. Upfront pricing & no hidden fees on tickets to sports, concerts, comedy, and more. Built on Web3.” Followed by 24 of our mutuals. h/t @CoinBeatsxyz:
-New/newish project called @infinifilabs has been added to @DefiLlama, categorized as a yield protocol on ETH Mainnet. Twitter bio states “The First On-Chain Fractional Reserve System. Better than Banks.” Followed by 76 of our mutuals.
Important News And Analysis
-Reports are circulating that BlackRock may have plans to acquire 10% of the Circle IPO, and Vice President JD Vance spoke at the Bitcoin Las Vegas Conference yesterday, h/t @Tyler_Did_It:
-MetaMask has introduced Solana support, Euler Finance announces EulerSwap, and Stacks/$STX may introduce token emissions to help accelerate ecosystem growth - h/t defi headlines from @TheDeFinvestor:
-Interesting story that Bergen County, New Jersey will be tokenizing $240 billion in property deeds via Avalanche, h/t @Matt_Hougan and @Cointelegraph:
-More info on the aforementioned new @katana chain from @capnjackbearow:
-$LOUD has announced its “Initial Attention Offering” - good summary below from @Picolas_Caged:
-The rise in “Bitcoin Treasury Companies’ a’la MicroStrategy continues to garner attention, h/t @thedefivillain:
-There has been lots of criticism regarding Circle and their IPO, so here is an interesting bull case on it from @jonbma (click to read in full):
-Change in 401k rules is generating excitement among crypto enthusiasts, h/t @RasterlyRock:
-Thoughts on the best HyperEVM protocols to focus on for airdrop-purposes, h/t @DidiTrading:
-Continue to see lots of bullish rhetoric about @0xfluid/$FLUID on the TL, h/t @0xPsveiga:
-Interesting list of new raises this week from @0xGeeGee:
-Vice President Vance’s speech at Bitcoin Las Vegas last night:
-New Blocmates livestream (aired an hour ago):
-New interview with macro gigabrain Doomberg:
-New roundtable discussion from @thebellcurvepod featuring @MikeIppolito_, @pythianism, @im_manderson, and @tkstanczak discussing the future of $ETH and other topics:
-Yesterday’s edition of the popular new tech podcast @tbpn- from @johncoogan and @jordihays - which was “Crypto Day” and featured an utterly massive lineup of crypto-related guests:
-New interview with Aave founder Stani Kulechov and Frax founder Sam Kazemian from @therollupco on the GENIUS Act and the future of stablecoins:
-New roundtable from @0xResearch discussing all sorts of current crypto topics:
-“Maybe the U.S. should lean into Bitcoin…” - interesting parting words from Vice President JD Vance, h/t @AutismCapital:
Conclusion
Happy Thursday 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.