Happy Thursday good frogs! Quite a busy week we are having!
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: $3.21T
QQQ (Nasdaq 100): $486.05
Gold: $3,353.30
Oil (WTI): $59.57
US 10Y Treasury: 4.312%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Take note friends! An extremely cool new project called @kippermoney has launched via @QuaiNetwork!
Kipper allows for decentralized creator monetization on Twitter/X - the beating heart of crypto culture on the internet itself!
“🚀 Introducing Kipper – the future of creator monetization on Twitter, powered by Quai!
Tip your favorite creators without ever leaving your feed. 🧡
Tipped posts are highlighted and brought to the top, for easy visibillity 👀
Participate in challenges and earn rewards 💰
🎁 Get 5 free Quai on signup
🎯 Earn 20 extra Quai for sending 4 tips & bringing 2 friends…”
Once again, Quai Network is an extremely cool new EVM-compatible, GPU-mineable, POW (proof-of-work) blockchain based around the idea of tokenizing computing energy…
It is based upon the dual-token model of $QUAI and $QI - with $QUAI as the main token and $QI as an “energy dollar” or “flatcoin”.
Make sure to follow Quai on Twitter for more updates- as well as @ChristopherNFGG (see his tweet on Kipper below!) and stay tuned as we continue highlighting everything Quai is shipping!
Biggest TVL Movers + Other Interesting Data
Chains are quite green today. Fastest-growing chains on the weekly with at least $10M TVL are World Chain, Swell, and Flare chain.
Protocols are also quite green today. Fastest-growing protocols on the weekly with at least $10M TVL are uncategorized multichain protocol Tangible, Bitcoin decentralized BTC protocol Zeus Network, multichain CPD Satoshi Protocol, uncategorized Flare chain protocol SparkDEX, and uncategorized multichain protocol Polynomial Protocol.
Here’s The Top 12 Chains By (from @DefiLlama):
Here’s The Top 12 Protocols By (from @DefiLlama):
Here’s The Top Entities By 24 Hour Token-Holders’ Revenue (from @DefiLlama):
Here’s The Top 12 Dex’s By 7 Day 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!)
-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)
-36.33% APY on IUSD on Indigo (Cardano) h/t DefiLlama research
-11.60% APY on USDO++ on Usual h/t DefiLlama research
-9.99% APY on SUSDE on Echelon Market (Aptos) h/t DefiLlama research
-9.55% APY on USDC on Goldfinch h/t DefiLlama research
-7.50% APY on GHO on Aave V3 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 called @frodobots. Twitter bio states “Serious: @BitRobotNetwork | Fun: @samismoving @robotsdotfun @UFBots”. Followed by 55 of our mutuals. h/t @0xPrismatic:
Important News And Analysis
-Big news of the morning is Coinbase officially finalizing its acquisition of Deribit, in what is now the largest M&A in crypto history, h/t @JasonYanowitz:
-Jeff Park calls the above Coinbase Deribit acquisition a “coup” for both Coinbase and the USA itself:
-Coinbase will also report earnings tonight, preview from @ZachLight16 (note: this was tweeted before the Deribit news came out):
-Ethereum’s Pectra upgrade successfully went live over the last 24 hours, h/t @econoar:
-The Federal Reserve left rates unchanged yesterday, stating that the risk of increased unemployment and increased inflation had BOTH gone up (the two sides of their ‘dual mandate’). After the meeting President Trump made accusations that Powell is being unduly hawkish and should be cutting rates, h/t @NickTimiraos:
-Robinhood is apparently debating between Solana and Arbitrum for their own on-chain building, h/t @Matt_Hougan:
-SUI and KAITO both seeing recent outperformance, with LAYER and BERA and MOVE all showing weakness, h/t @thedefivillain:
-Uniswap and Fluid both gaining market share on stablecoin swap volume, with Curve still among top providers as well, h/t interesting thread from @intern_cc:
-Robert Leshner’s @superstatefunds generating excitement today with their announcement about tokenized stocks (worth reading the thread in full as it seems to suggest not just tokenized versions of current equities but also new offering that sort of bridge the gap between stocks and tokens):
-@avantisfi another airdrop opportunity to look into, h/t @DidiTrading:
-Excitement growing as $BTC climbs back towards 100k, h/t @intern:
-Post-FOMC debrief from Joseph Wang talking about the Fed’s decision on interest rates + Jerome Powell and etc:
-Token 2049 takeaways from @santiagoroel and @JasonYanowitz:
-New @noahseidman crypto/macro livestream (aired last night):
-New interview with macro/natural resources gigabrain Doomberg:
-New @JesseEckel_ video on why he’s bullish on ‘dead' altcoin $WINR:
-New interview with macro expert and Bitcoin evangelist @LynAldenContact:
-Parting wisdom from @0xMert_:
Conclusion
Have a great Thursday friends! Stay hypervigilant out there!
And please RT/subscribe/etc if you found this valuable!
-
-
-
-
***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.