Happy Tuesday friends! Lots of stuff going on!
Let’s get after it!
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: $3.09T
Gold: $3,326.10
Oil (WTI): $60.86
US 10Y Treasury: 4.181%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
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The hbHYPE vault offers incentives from @Hyperlendx, @HypurrFi, @HyperSwapX, @0xHyperbeat, @TimeswapLabs, @silhouette_ex and more. Early depositors can also earn 5x Upshift points… Deposit to earn yield on your HYPE...”
The vault in question just hit $10M TVL, and is currently surging upwards at a rapid clip!
Learn more via the tweet below, and via Upshift co-founder @aya_kantor’s recent Zima Red interview embedded below that!
Biggest TVL Movers + Other Interesting Data
Chains are mixed today. Only top 10 chains red on the monthly are Base (#6), Berachain (#7), and Arbitrum (#8).
Protocols are mixed as well today. Top 20 protocols red on the monthly are Lido (#2), EigenLayer (#3), Sky (#4), etherfi (#5), Ethena (#7), Pendle (#12), and Morpho (#13).
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)
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 @TholgarFi has been added to @DefiLlama, categorized as a yield protocol on Sonic. Twitter bio states “The governance tokens yielder. Pioneering Synergy with @Paladin_vote”. Followed by 16 of our mutuals.
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)
Important News And Analysis
-Bitcoin in the lower middle section of the famous ‘Rainbow Chart’, h/t @DaanCrypto:
-Mastercard stablecoin initiative is generating a lot of attention today, h/t morning news from @Tyler_Did_It:
-Wild stat that Baby-Boomers represent 42% of all recent US homebuyers:
-Update on the Loopscale security incident from several days ago, that apparently all funds have been returned:
-Crypo dApp alfa from @redphonecrypto:
-Is private credit the next big RWA trend? h/t @JasonYanowitz:
-1Inch launches on Solana, h/t @DegenerateNews:
-Something called Miden is apparently spinning off from Polygon, h/t @TheBlock__:
-Thoughts on the best Kaito opportunities from @mattdotfi, focused on Mitosis, defidotapp, Sophon, Skate_chain, and Lombard_Finance (click for additional advice for other Yappers at bottom of long-form tweet):
-More large tech companies (DuoLingo in this case) sending memos to employees announcing they are going to be “AI first”, h/t @alliekmiller:
-Bullish thoughts on the LayerZero Season Two airdrop from @DidiTrading:
-New episode of @therollupco featuring @ayyyeandy interviewing @CryptoHayes and @MikeSilagadze:
-New crypto/macro roundtable discussion from @Unchained_pod:
-New David Lin interview with Neil Howe, co-author of the famous ‘Generations’ books and originator of the ‘Fourth Turning’ concept (note: we disagree with Howe on a lot of stuff, however it is worth checking in on him sometimes):
-New episode of @0xResearch featuring @jon_charb, discussing all sorts of geeky defi stuff:
-Update on all the things that have been happening in the ETH tech world, from @sassal0x:
-New episode of @thebellcurvepod featuring @MikeIppolito_ and @MonetSupply:
-“Jeff Bezos said that every day at Amazon is Day One. The same principle applies to investing: no regrets, no revenge trades. Find the best balance of risk and reward that you can take with your current capital here and now.” - h/t parting wisdom from @MikeAbundoTech:
Conclusion
Have a great Tuesday friends and stay hypervigilant out there!
And please RT/subscribe/etc if you found this valuable!
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Note
Things are absolutely exploding with @maplefinance!
After an insanely bullish Q1, they recently surged past the $1B TVL mark week, and are now already at $1.3B!
They are also hinting at some VERY interesting rewards for $syrupUSDC depositors, so take a look at that via the tweet below, and check out the excellent new interview that Maple co-founder @joe_defi just did with @constkogan embedded below that!
And as always, make sure to follow Maple on Twitter for more updates, and stay tuned as we continue highlighting everything they are doing!
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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.
