Happy Friday lads and ladettes!
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: $3.15T
QQQ (Nasdaq 100): $490.53
Gold: $3,342.20
Oil (WTI): $58.14
US 10Y Treasury: 4.324%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Once again friends, we are very proud to be banging the drum about all the success our Official Sponsor @upshift_fi is having!
-They have surpassed $200M in TVL
-They are consistently providing some of the best yields in all of defi, both for stablecoins as well as other assets such as $ETH and $AVAX, and are regularly among the top yields one can find on @DefiLlama’s ‘yields’ section (and these yields do not even take into account the 5x boost in Upshift points you can currently earn by depositing!)
-Their Hyperbeat Ultra HYPE Vault is one of the best possible ways to get exposure to the HyperEVM ecosystem right now
-They have announced a host of partnerships with some of the most well-respected teams in all of defi
-And they are generating burgeoning chatter on CT as one of the most exciting new projects in all of crypto!
If you want to learn more, check out the great article from the official Upshift Twitter account below, and make sure to follow them on Twitter for more updates!
Biggest TVL Movers + Other Interesting Data
Chains are mostly green today. Only top 25 chains red on the weekly are Tron (#6), Polygon (#13), Cronos (#19), BSquared (#21), and Cardano (#22).
Protocols are also mostly green today. Only top 25 protocols red on the weekly are Ethena (#7), Jito (#16), Kamino (#20), and Pancakeswap (#25).
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 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 @sonicspherefund. Twitter bio states “First Fully Autonomous, Decentralized Yield Fund on Sonic. - Protocol-owned yield - Sustainable emissions - liquidation-free borrowing Governed by gSPHERE.” Followed by 5 of our mutuals. h/t @Ceazor7:
-Something new called @mirra. Twitter bio states “The Internet of You. Now in closed beta.” Followed by 4 of our mutuals. h/t @AresLabs_xyz:
-Something new called @chutes_ai. Twitter bio states “The Decentralized, Distributed Serverless AI Compute Platform, by @rayon_labs. Powering Squad[dot]ai, chat[dot]chutes[dot]ai and your next AI App.” Followed by 4 of our mutuals. h/t @AresLabs_xyz:
-Something new called @SolFiAMM. Twitter bio states “Premier liquidity source on Solana. SolFi has no public-facing comms outside of this account. Beware of impersonators.” Followed by 25 of our mutuals. h/t @AresLabs_xyz:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (all types, $1M+ TVL only) - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Important News And Analysis
-Something new called @boopdotfun is generating massive attention, launching an airdrop and offering large CT accounts (as defined by meme mindshare in Kaito or something like that) very substantial airdrops if they launch a coin (though with complicated game theory stuff involving locks and other stuff), h/t example from @OlimpioCrypto:
-More info on the above-noted @boopdotfun, from @DeFi_Cheetah, plus speculation on whether @pumptdotfun will launch a token as well:
-Popular centralized-exchange MEXC announces a $300M ecosystem fund to support on-chain development, h/t @WuBlockchain:
-Movement controversy continues, with Rushi Manche officially being suspended and Coinbase de-listing their token:
-Related thread from @wassielawyer- who was in the middle of a lot of the Movement stuff- is generating much attention on Twitter:
-BTC-Fi continues to generate excitement, but has arguably not yet seen success equaling its potential, h/t interesting thoughts from @0xkyle_:
-Interesting tweet from Jeff Park on the potential for the US-Japan macro situation to become more tense and escalate:
-Ethena’s @etherealdex surpasses $1B in TVL, h/t @tomwanhh:
-(Related) reminder to check your wallets for Ethena-related airdrops, from @FourVork:
-@HyperSwapX is one of a number of HyperEVM projects generating lots of excitement in airdrop circles, h/t @MingoAirdrop:
-Binance token listings continue to be a massive variable within the crypto world, h/t very interesting tweet from @ahboyash on the subject:
-New roundtable discussion from @im_manderson, @pythianism, and @MikeIppolito_:
-Newest ‘Ruckcast’ from @patfscott Dynamo Defi discussing a bunch of fascinating crypto-related stuff:
-Interesting macro roundtable featuring Luke Gromen, Louis-Vincent Gave, and more:
-New weekly roll-up from @BanklessHQ:
-Today’s crypto/macro livestream from @noahseidman:
-Parting wisdom from @redphonecrypto:
Conclusion
Happy Friday good degens and stay alert out there!
And please RT/subscribe/etc if you found this valuable!
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Note
Take note friends!
The team at @vertex_protocol are putting up absolutely incredible numbers as of late!
-Consistently a top 5 perps dex on DefiLlama by total volume
-Aiming to be on 25+ EVM chains by the end of this year
-Tons of bullish news and announcements (learn more in this thread!)
They are also currently paying out 49.87% to $VRTX-stakers, as seen in the tweet below!
Make sure to visit the Vertex site now to get started trading 60+ perps and spot markets, make sure to follow Vertex on Twitter for more updates, 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.