Happy Friday good degens! Quite a week its been!
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: $3.39T
QQQ (Nasdaq 100): $514.16
Gold: $3,291.30
Oil (WTI): $60.41
US 10Y Treasury: 4.402%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
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Biggest TVL Movers + Other Interesting Data
Chains are mostly red today. Only top 25 chain green on all three timelines (daily, weekly, monthly) is Unichain (#15).
Protocols are also mostly red today. Only top 50 protocols green on all three timelines (daily, weekly, monthly) are Ethena (#8), BlackRock BUIDL (#15), Maple Finance (#31), Ondo Finance (#32), and Euler (#41).
Here’s The Top 12 Chains By TVL: (from @DefiLlama):
Here’s The Top 12 Protocols By TVL: (from @DefiLlama):
Here’s The Top 10 Entities By 24 Hour Revenue Generation (from @DefiLlama - as you can see they’ve changed the UI on this a bit):
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 @livylabs. Twitter bio states “The universal provenance layer”. Followed by 8 of our mutuals. h/t @AresLabs_xyz and founder @saugardev:
-New project called @get_truenorth. Twitter bio states “Crypto’s first AI discovery engine | Pioneering the agentic economy | Backed by @delphi_labs | Join closed beta waitlist👇🏼” Followed by 10 of our mutuals. h/t @AresLabs_xyz:
-Something new/newish called @ethidkit. Twitter bio states “Integrate the Ethereum identity stack into your dapp. Developed by the team behind @efp.” Followed by 7 of our mutuals. h/t @AresLabs_xyz:
-Something new called @longdotxyz. Twitter bio states “Play L❨∞❩NG Term Games.” Followed by 30 of our mutuals. h/t @AresLabs_xyz:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (single-exposure, no-IL, $25M+ TVL only) - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Important News And Analysis
-$LOUD is utterly dominating mindshare on CT (crypto-twitter) today, as users try to qualify for the top 1000 Yappers about it to be eligible for the initial allocation and etc, h/t @Octop3s and @DidiTrading:
-$KAITO-stakers should also benefit from it:
-Excellent long-form article on it from @castle_labs if you want to really dive in and learn what exactly is going on:
-Much debate and soul-searching on whether one should “embrace the cringe” regarding LOUD and Yap about it, h/t @alpha_pls:
-Both Coinbase and Binance are listing $HYPE-perps, h/t @GLC_Research:
-Funding rates flat as $BTC price down a bit the last couple days, h/t @DaanCrypto:
-Interesting story that Jerome Powell met with President Trump at the White House (believe saw somewhere that this is the first time they’ve met in person since 2019), h/t @WuBlockchain:
-Thoughts on the “Bitcoin Treasury Companies” and their impact on the market, from @thedefivillain:
-Continued excitement about the public sale of Tether-linked “stablecoin chain” @PlasmaFDN on Cobie’s @echodotxyz platform, h/t @alpha_pls and @Moomsxxx:
-Interesting thoughts on the future implications of AttentionFi/InfoFi/etc and tokenization once they move beyond the confines of crypto itself, from @ollieblocmates:
-There are now nine US stocks with market caps over $1T, whereas there is only one crypto that large ($BTC). There are also 325 US stocks that would be Top 10 cryptos by market cap were they tokens. h/t @charliebilello:
-New episode of The Bell Curve featuring @im_manderson, @pythianism, and @MikeIppolito_:
-New macro interview with gigabrain Mike Green @profplum99:
-New crypto/macro video from @fejau_inc and @qthomp:
-New crypto/macro livestream from @noahseidman (airing live as we publish this):
-New HyperEVM farming guide from @KryptoCove:
-New video from @patfscott Dynamo Defi on how to do crypto research using @DefiLlama:
-New episode of The Empire Pod:
-More statements from Vice President JD Vance at the Las Vegas Bitcoin Conference - demonstrating just how radically the zeitgeist has shifted over the last year, h/t @dunleavy89:
Conclusion
Have a great Friday and stay alert out there friends!
And please RT/subscribe/etc if you found this valuable!
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Note
Do you want to get in on all the Kaito fun and earn rewards via Yapping but need a really high-quality project you can feel good talking about?!?
Well, if so… @Mantle_Official is the perfect choice!
As seen in the tweet below, they have one of the most well thought-out and robust Kaito campaigns of any project in crypto!
There’s also a ton of cool stuff going on with Mantle right now, including their new institutional-grade MI4 Fund in partnership with @Securatize… their new HyperEVM integration into the mETH Protocol Bridge… the EXTREMELY cool new Mantle Banking initiative… massive capital efficiency improvements… and huge numbers in Q1 (read more about this in a report from @MessariCrypto by clicking here!)…
We are very proud to be helping bang the drum about everything Mantle is doing, so make sure to follow them on Twitter and stay tuned for more updates!
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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.