Happy Monday friends! Start of another big week!
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: $3.18T
Gold: $2610.50
Oil (WTI): $68.15
US 10Y Treasury: 4.459%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
APR’s are brrr’ing friends!
Yield-maxxing season continues to heat up on @vertex_protocol!
As seen below, USDC depositors are currently earning 35%… so make sure to visit the Vertex site now to start earning!
You can also stake the VRTX token as well to benefit from yield paid out directly in USDC + the VRTX buyback and burn program!
And- as always- traders can take advantage of 50+ different perps and spot markets available across a wide range of chains thanks to Vertex’s gigabrain cross-chain liquidity infrastructure @EdgeLayer!
>>> Click here to get started now! >>>
Biggest TVL Movers + Else
Chains are mixed today. Fastest-growing chains on the weekly with at least $25M TVL are AILayer, Taiko, and Reya Network.
Protocols are also mixed today. Fastest-growing protocols on the weekly with at least $25M TVL are Unagiswap, Tako Tako, Astroport, Overnight Finance, and Euler.
Here’s The Top 12 Chains By TVL (from @DefiLlama):
Here’s The Top 12 Protocols By 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!)
-New project called @DINBuild. Twitter bio states “Decentralized Infrastructure Network (DIN) is a decentralized API marketplace for web3 infrastructure. Currently in federated phase with Infura and 50 providers”. Followed by 2 of our mutuals. h/t @AresLabs_xyz:
-New project @hadron_tether. Twitter bio states “Welcome to Hadron by Tether: tokenize anything—from equities, stablecoins, and bonds to real estate. Seamless, compliant, empowering digital finance everywhere”. Followed by 8 of our mutuals. h/t @AresLabs_xyz and @Cointelegraph:
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
-Heavy MicroStrategy buying is the major story of the day, thoughts on it from @DaanCrypto below:
-More morning news from from @Tyler_Did_It:
-Additional headlines from @blocmatesnews:
-@cobie tweeted about making a transaction on much-anticipated but not yet launched blockchain Monad:
-Interesting news tidbit from @leviathan_news that @OlympusDAO founder @ohmzeus is apparently returning:
-Important security reminder from @LouisCooper_:
-Cycle thoughts from @ahboyash:
-Interesting thoughts from @Crypto_McKenna:
-Comprehensive rundown of everything going on in AI x Crypto, h/t @0xPrismastic (click to read in full):
-Both of the leading contenders for Trump to pick as Treasury Secretary (to replace Janet Yellen) look to be extraordinarily bullish for crypto, with leading contender Howard Lutnick being a) Tether’s main banking custodian, and b) an outspoken Bitcoin advocate who owns “hundreds of millions” worth of Bitcoin:
-Related reminder c/o @The_Airmass:
-Latest video of market analysis and TA from @DaanCrypto:
-New interview with @jackmelnick_, head of Defi on Berachain, from @blocmatesdotcom:
-Everything Ethereum roadmap and Beamchain related, from Justin Drake @drakefjustin, c/o @BanklessHQ:
-Parting wisdom from @thedefiedge:
Conclusion
Happy Monday friends! Here’s to a big week!
And please RT/subscribe/etc if you found this valuable!
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Note
The team at @silentdao_ is continuing to develop their revolutionary new on-chain privacy architecture… which is essentially meant to be a middleware privacy/encryption layer:
“Silent Protocol is building the ghost layer, a modular layer 1.5 providing compliant privacy built on the EZEE framework to become that structured playground for institutions and retail users that can provide compliant, secure and privacy preserving access to ethereum native and cross chain liquidity along with enabling access to applications.”
Our editor @rektdiomedes is helping bang the drum about everything @silentdao_ is working on, so make sure to follow them on Twitter for more updates and check out the great thread on them from @kenodnb below!
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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.
