Happy Monday lads and ladettes! Big week ahead of us!
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: $3.04T
QQQ (Nasdaq 100): $487.40
Gold: $3,311.50
Oil (WTI): $57.06
US 10Y Treasury: 4.359%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
More stacking of W’s from our friends at @upshift_fi good degens!
They have surpassed $260M in TVL… are working with Pendle and a host of the most well-respected teams in crypto… have some of the highest-yielding stablecoin vaults in all of defi right now… and are providing some of the best exposure that currently exists to the mega-hot HyperEVM ecosystem via their Hyperbeat Ultra HYPE Vault!
Check out the tweets below to learn more and make sure to follow Upshift on Twitter for more updates along with co-founders @aya_kantor and @AElkrief!
Biggest TVL Movers + Other Interesting Data
Chains are mixed today. Best-performing chains on the weekly with at least $100M TVL are Unichain, Sei, and Hyperliquid L1.
Protocols are also mixed today. Best-performing protocols on the weekly with at least $100M TVL are Hyperliquid lending protocol Hyperlend, EOS/Vaulta lending protocol Vaulta REX, Etherean derivatives protocol Ethereal, the BlackRock BUIDL Fund, and uncategorized multichain protocol Spark.
Here’s The Top 12 Chains By TVL (from @DefiLlama):
Here’s The Top 12 Protocols By TVL (from @DefiLlama):
Here’s The Top Entities By 24 Hour Fee 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 @EgoDotTech. Twitter bio states “The people exchange Coming soon”. Followed by 12 of our mutuals. h/t founder @coreyj_miller:
-New project called @thru_xyz. Twitter bio states “The next generation base-layer. The only way out is thru.” Followed by 83 of our mutuals. h/t @eli5_defi:
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
-Michael Saylor announced more buying, and something to do with a Solana zero-day exploit that was fixed is generating discussion, h/t @Tyler_Did_It:
-There is apparently a smaller $BOOP/@boopdotfun airdrop that many are qualifying for that does not require creating a coin (like the main one that generated so much debate the last few days), and @boopdotfun mindshare is growing on the TL, h/t @thedefiedge:
-Reminder that the next Federal Reserve interest rate decision will take place this Wednesday, and they are expected to leave rates unchanged, h/t @WuBlockchain:
-First non-EVM Aave deployment, on Aptos, h/t @StaniKulechov:
-The USD and oil both continue to trend lower, which should be bullish for risk assets like crypto, h/t @KyleReidhead:
-@superseedxyz/$SUPR has launched today, h/t tweet from yesterday from @mesky_:
-Fascinating chart of stablecoin market share, showing that USDT-dominance had declined from 70% to 62% over the last 6 months until they added $5B in market cap last month, h/t @DynamoDefi:
-Interesting crypto x AI updates from @0xPrismatic (note: this is a shortened version of a very thorough newsletter/article he just published - click here to read it in full):
-Are we in the middle of ‘The Great Reset’ right now? h/t interesting thoughts from @DefiIgnas:
-Important reminder from @crypto_condom to try to keep your crypto accessible for your loved-ones should you tragically die suddenly or etc:
-Security alert regarding @CurveFinance Twitter account being hacked - also important reminder to always be EXTREMELY hypervigilant and be wary of similar stuff in the future, h/t @DeFi_Dad:
-New video from @DaanCrypto of TA and general market analysis:
-Interesting new discussion/debate between @jdorman81 and @santiagoroel on Coinbase as an investment and also lots of interesting discussion on the future of crypto and tradfi and how they will collide:
-New livestream from the @coinbureau channel (aired one hour ago):
-New @BanklessHQ interview with the Ethereum Foundation's new Co-Executive Directors Tomasz Stanczak and Hsiao-Wei Wang:
-"Who you associate with is enormously important. And don’t expect to make every decision right on that. But your life is going to progress in the general direction of the people you work with, admire, and befriend." - parting wisdom from Warren Buffett c/o @TheTranscript_:
Conclusion
Here’s to a great Monday and a big week good degens!
And please RT/subscribe/etc if you found this valuable!
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Note
Uber-bullish things are happening with @vertex_protocol friends!
Their gigabrain 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 (see tweet below from @vertexintern!)…
And they are aiming to be on 25+ EVM chains by the end of 2025!
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!
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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.