Happy Saturday friends! Weekends are for getting after it!
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):
Gold: $2526.80
Oil (WTI): $67.67
US 10Y Treasury: 3.716%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Take note good degens! The majors vault powered by @skate_fi is now live on the @vertex_protocol vaults page on @0xMantle! Users can now deposit and earn some serious rewards!
Beyond this, yield-enjoyoors can also benefit from…
-Vertex’s ‘RealYield’ payments of $USDC to $VRTX-stakers (most recently over 26% Apr!)
-Vertex’s ‘Buyback & Burn’ program for $VRTX, which continually reduces the supply of the token, also benefitting holders and stakers!
Learn more below, and as always- Vertex is our Official Sponsor- so make sure to get started with them now for stellar yields and 50+ perps & spot markets on their site at app.vertexprotocol.com! And make sure to follow them on Twitter for more updates!
Biggest TVL Movers + Else
Chains are quite red today. Only top 30 chains green on the weekly are Sui (#12), Core (#22), Pulsechain (#24), and dYdX (#30).
Protocols are also quite red today. Only top 60 protocols green on the weekly are Ondo Finance (#40), BlackRock BUIDL (#44), and Paxos Gold (#46).
Here’s The Top 12 Top-Performing Chains By TVL On The Weekly With At Least $10M TVL (from @DefiLlama):
Here’s The Top 12 Top-Performing Protocols By TVL On The Weekly With At Least $10M TVL (from @DefiLlama):
Here’s The Top 12 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 we also include or re-include every newly launched protocol added by @DefiLlama that has at least some TVL or is followed by at least some of our mutuals - hence disclaimer: these are not pre-vetted by us so make sure to DYOR!)
-Something new called @merv_wtf. Twitter bio states “Tokenizing imagination ❀ IP Factory powered by AI ❀”. Followed by 4 of our mutuals. h/t @twindoges:
-Something new called @KeikoFinance. Twitter bio states “Keiko is a permissionless borrowing protocol with predictable interest rates deploying on the @HyperliquidX L1, coming soon!” Followed by 4 of our mutuals. h/t @twindoges:
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)
Security Alerts
-No security alerts today.
Important News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-Price action continues to be bleak for both stocks and crypto, matching historical data, h/t @dunleavy89:
-Bond market update, h/t @intocryptoverse:
-ETF outflows continue, h/t @WuBlockchain:
-Binance overtakes Rocket Pool as second biggest liquid-staked $ETH provider, h/t @NPC_68:
-Interesting thoughts/data on Nvidia from @JackFarley96:
-Potential project alfa, c/o @karl_0z:
-Alt thoughts from @crypto_condom:
-Great thread on AI/crypto/macro/etc from @redphonecrypto:
-Interesting tweet from @QwQiao:
-Forward looking thoughts from @DaanCrypto:
-Interesting tweet on crypto x AI from @0xPrismatic:
-New video from @thebellcurvepod featuring @MikeIppolito_ and @MylesOneil:
-New episode of @0xSteadyLads podcast:
-Parting wisdom c/o @blknoiz06:
Conclusion
Have a good Saturday friends and keep putting in those reps!
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 Monthly 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.
