Happy Thursday friends! Bitcoin is once again surging upward and all eyes are on the 100k mark!
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: $3.32T
Gold: $2666.10
Oil (WTI): $69.30
US 10Y Treasury: 4.398%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Once again good frogs… if you want to do some yield-maxxing to benefit from the increasingly insane bull market vibes, make sure to check out the new VRTX Staking V2 on @vertex_protocol, as yields are absolutely wild as of late!
Indeed, right now yields for VRTX-stakers are at 78%!
Vertex pays stakers the proverbial ‘RealYield’ via USDC…. AND… on top of this, holders benefit from the VRTX ‘Buyback & Burn’ program as well!
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 Taiko, Hedera, and Stellar.
Protocols are mostly green today. Fastest-growing protocols on the weekly with at least $25M TVL are TakoTako, Ceres Demeter, and Rumpel Labs.
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 Dex’s By 7 Day Volume (from @DefiLlama):
Here’s The Top 12 Chains By 7 Day Stablecoin Inflow % (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!)
-A new derivatives protocol on Fuel Network called @ruscetfi has been added to @DefiLlama. Twitter bio states “The permissionless, hyper-efficient exchange on @fuel_network. By the brains @burralabs.” Followed by 4 of our mutuals.
-New multichain liquidity manager protocol called @tempest_fi has been added to @DefiLlama. Twitter bio states “A Quantitative Research Firm building Decentralized Liquidity Management on-top of @ambient_finance”. Followed by 5 of our mutuals.
-New yield protocol on Solana called @PlutoLeverage has been added to @DefiLlama. Twitter bio states “Leveraged Yield Machine on Solana | Earn More. Risk Less.” Followed by 2 of our mutuals.
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (single-exposure, no-IL, $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
-Excitement continues to build, with Bitcoin nearing $100k and @phantom flipping TikTok in the AppStore ranking:
-On-chain holders of $USDC will now earn 4.7% within Coinbase Wallet, h/t @crypto_condom:
-@BarrySilbert launches new DCG subsidiary called @YumaGroup, solely focused on $TAO/Bittensor and its ecosystem:
-Above announcement generating much attention, example c/o @DreadBong0 below:
-More bullish chatter re: incoming administration, h/t @zerohedge:
-Moonshot generating lots of attention as well, h/t @Tyler_Did_It:
-Increasing excitement at possibility of a Solana ETF (as well as other potential ETF’s) with regulatory climate shifting so dramatically, h/t @HighCoinviction:
-Tether doing all sorts of interesting stuff as of late, h/t @aixbt_agent:
-Latest real-time inflation data from @truflation:
-Thoughts from @AgentChud, via @DeeZe:
-Cycle thoughts, from @cburniske:
-New interview with macro gigabrain @WarrenPies from @JackFarley96:
-New interview with Eric Peters, via @santiagoroel and @JasonYanowitz at @theempirepod:
-New crypto/macro livestream from @noahseidman:
-New interview with @AndreCronjeTech, from @therollupco:
-New discussion of the AI agent meta and a bunch of other current topics in crypto, from @0xResearch podcast:
-Parting bullishness, h/t @HighCoinviction:
Conclusion
Have a great Thursday friends and enjoy all the excitement!!! :)
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.
