Happy Wednesday good degens! Lots of stuff going on!
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: $3.08T
QQQ (Nasdaq 100): $481.47
Gold: $3,378.80
Oil (WTI): $58.35
US 10Y Treasury: 4.289%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Take note friends! Things are absolutely exploding with @maplefinance!
-After an insanely bullish Q1, they have now surged up to $1.3B in TVL/AUM…
-Their $SYRUP token was just listed on Binance yesterday to great fanfare….
-Maple co-founder @syrupsid will be speaking alongside famously pro-crypto SEC Commissioner Hester Peirce at the upcoming crypto roundtable in DC next week…
-And they just announced some absolutely MASSIVE rewards for $syrupUSDC depositors!
Learn more in the tweets below, make sure to follow Maple on Twitter for more updates, and stay tuned as we continue highlighting everything they are doing!
Biggest TVL Movers + Other Interesting Data
Chains are mixed today. Biggest gainer on the weekly among top 25 chains is Unichain (#15) at +28.54%, and biggest loser is Sei (#17) at -14.67%.
Protocols are also mixed today. Biggest gainer on the weekly among top 50 protocols is Ethereal (#36) at +17.06% and biggest loser is Infrared Finance (#29) at - 25.49%.
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 Fee 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!)
-13.15% APY on Multipli Upshift USDC - managed by August Digital - with additional 5x Bonus Points - via Upshift (click here)
-27.00% APY on USDC Sylva concentrated liquidity strategy - managed by Sylva(dot)money - with additional 5x Bonus Points - via Upshift (click here)
-10.80% APY on rsETH strategy - managed by Edge UltraYield - with additional 5x Bonus Points - via Upshift (click here)
-24.97% APY on Upshift Avalanche AVAX strategy - managed by MNNC Group - with additional 5x Bonus Points - via Upshift (click here)
-40.80% APY on IUSD on Indigo (Cardano) h/t DefiLlama research
-11.23% APY on GHO on Aave V3 h/t DefiLlama research
-12.19% APY on USDO++ on Usual h/t DefiLlama research
-10.86% APY on SUSDE on Echelon Market (Aptos) h/t DefiLlama research
-9.55% APY on USDC on Goldfinch 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!)
-New project called @sqd_ai. Twitter bio states “No-Code End-to-end AI Agents for Everyone. Powered by @chutes_ai , built by @rayon_labs The future of AI agents starts now.” Followed by 5 of our mutuals. h/t @AresLabs_xyz:
-New project called @asula_labs. Twitter bio states “A Bitcoin Company”. Followed by 37 of our mutuals. h/t @AresLabs_xyz:
-A new liquid-staking protocol on TON called @kton_io has been added to @DefiLlama. Twitter bio states “Institutional-grade TON liquid staking protocol”. Not followed by any of our mutuals but has $2.87M in TVL:
Important News And Analysis
-Administration is apparently going to start trade negotiations with China, h/t @KobeissiLetter:
-China also made headlines today by cutting interest rates plus additional dovish pivots, h/t thoughts from @LDNCryptoClub:
-Coinbase announces new open source payments tech:
-Anand Iyer @ai on the above:
-Interesting proposal re: allowing Uniswap LP positions as collateral on Aave to borrow Aave stablecoin $GHO against, h/t @StaniKulechov:
-Ethereum Pectra upgrade one of big stories of the week, h/t @jerallaire:
-Lots of ongoing debate about the effect of ETH tech changes on security best practices and etc, h/t @0xngmi:
-@eulerfinance comeback arc continuing to generate much attention, h/t @JacobPPhillips:
-Good tutorial for getting involved with $TAO/Bittensor, from @brodydotai:
-Zora continuing to generate attention post-TGE, as well as SocialFi in general, h/t interesting article from @wagmiAlexander:
-Are alts set to 10x from here and eventually have twice the market cap of Bitcoin? h/t interesting thoughts from @goodalexander:
-New roundtable from @BanklessHQ going over everything happening in crypto right now:
-New roundtable discussion from @Unchained_pod (aired four hours ago):
-New interview with macro gigabrain @LukeGromen:
-New video from @patfscott Dynamo Defi:
-New macro interview with Grant Williams @ttmygh:
-Parting thoughts/trading wisdom from @CryptoTaxSucks:
Conclusion
Happy Wednesday friends! 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.