Happy Wednesday good degens! Last day of April!
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: $3.03T
Gold: $3,322.50
Oil (WTI): $58.13
US 10Y Treasury: 4.172%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
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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 @AElkrief’s recent interview with The Index Podcast embedded below that!
Biggest TVL Movers + Other Interesting Data
Chains are mixed today. Top 20 chains up at least 20% on the monthly include Solana (#2), Sui (#9), Hyperliquid L1 (#14), Sei (#16), Unichain (#17), and Bitlayer (#20).
Protocols are also mixed today. Top 20 protocols up at least 20% on the monthly include Spark (#8), Jito (#15), BlackRock BUIDL (#16), and Kamino (#20).
Here’s The Top 12 Best-Performing Chains By TVL On The Weekly With At Least $100M TVL (from @DefiLlama):
Here’s The Top 12 Best-Performing Protocols By TVL On The Weekly With At Least $100M 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 @launchacoin. Twitter bio states “Reply to any tweet with @launchacoin +name to turn it into a coin. Powered by @believeapp.” Followed by 28 of our mutuals. h/t @twindoges:
-Something new called @slashtradeapp. Twitter bio states “All your Trades in one Slash ⚡️” Followed by 5 of our mutuals. h/t @twindoges:
-A new project called @Veildotcash has been added to @DefiLlama, categorized as a privacy protocol on Base. Twitter bio states “Veil is a privacy protocol on @base using zk-SNARKS”. Followed by 43 of our mutuals.
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (single-exposure, no-IL, $25M+ TVL only) - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Important News And Analysis
-Much attention on new GDP data, which shows that US GDP declined in Q1 for the first time since 2022, h/t @LynAldenContact:
-@DefiLlama announces new paid tiers as it continues expanding its offerings:
-The above DefiLlama announcement generating much discussion as it incorporates a novel logistical setup involving deposits and yield from Aave, h/t @patfscott and @Cryptoyieldinfo:
-Treasury buybacks are apparently going to be ramped up, h/t @fejau_inc:
-New details and documents from the recent Movement token-dumping controversy have come out, from reporting by @skesslr and @coindesk, generating much discussion:
-The SEC delayed decisions today on a bunch of altcoin ETF’s, but many think they will still be approved later on this year, h/t @NateGeraci:
-Interesting stat that so far in 2025 Wednesdays and Fridays have had the best returns by far, and Thursday the worst, h/t @DaanCrypto:
-Interesting prediction from @TheOneandOmsy that the Circle IPO will fail and it will instead get acquired by a SPAC made up of members that previously tried to acquire it several years ago:
-Are things happening in Cosmos-land? h/t @MikeIppolito_:
-@Lombard_Finance generating excitement amongst Kaito Yappers, h/t @DidiTrading:
-$ALPACA situation with Binance de-listing + short-squeeze continues to catalyze discussion, h/t @thedefivillain:
-Great new interview with Doomberg on the macro situation right now:
-New roundtable from @Unchained_pod discussing all sorts of crypto + macro stuff:
-New episode of the 1000x Podcast on all sorts of crypto topics:
-New roundtable from @BanklessHQ on all things Ethereum:
-Interesting new discussion between Bitcoin-evangelist @PrestonPysh with @natbrunell discussing all sorts of crypto + macro stuff:
-Parting wisdom from @santiagoroel:
Conclusion
Have a great Wednesday and stay alert out there good frogs!
And please RT/subscribe/etc if you found this valuable!
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Note
Take note friends!
The team at @vertex_protocol are putting up absolutely incredible numbers as of late!
-Consistently a top 5 perps dex on DefiLlama by total volume
-Aiming to be on 25+ EVM chains by the end of this year
-Tons of bullish news and announcements (learn more in this thread!)
They are also currently paying out 49.87% to $VRTX-stakers, as seen in the tweet below!
Make sure to visit the Vertex site now to get started trading 60+ perps and spot markets, make sure to follow Vertex on Twitter for more updates, and stay tuned as we continue shining a light on 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.
