Happy Friday and happy good price action friends! Quite a sight for sore eyes! :)
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: $3.36T
QQQ (Nasdaq 100): $487.46
Gold: $3,344.40
Oil (WTI): $60.60
US 10Y Treasury: 4.361%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Lots of bullish news from our Official Sponsor @upshift_fi!
-They recently surpassed $260M in TVL
-They just launched their new Mezo BTC vault
-They just announced a new partnership with @TreehouseFi
-They are consistently providing 27% APY on USDC via their Sylva Concentrated Liquidity Vault
-Their Hyperbeat Ultra HYPE Vault is one of the best possible ways to get exposure to the HyperEVM ecosystem right now
-And they continue build with Pendle and a bunch of the other most well-respected teams in defi!
If you want to learn more, check out the great interview below from a couple weeks ago with Upshift co-founder @aya_kantor from @AndrewSteinwold, and make sure to follow them on Twitter for more updates!
Biggest TVL Movers + Other Interesting Data
Chains are quite green today. Only top 10 chain not green on the weekly is Berachain (#9).
Protocols are also quite green. Only top 10 protocol not green on the weekly is Ethena (#9).
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 Revenue Generation (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 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!)
-New project called @asksplat. Twitter bio states “Your AI trading companion - Smarter, Faster, Unbiased.”. Followed by 8 of our mutuals. h/t @twindoges:
-Something new called @trade_pluto. Twitter bio states “Decentralized futures and spot trading, built for everyone | Join the community…” Followed by 7 of our mutuals. h/t @twindoges:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (all types, $1M+ TVL only) - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Important News And Analysis
-Prices are absolutely surging, memes see solid bounce, and Meta (Facebook) announces moves re: stablecoin adoption, h/t morning news from @Tyler_Did_It:
-$ETH has been leading the charge higher, with an absolutely MASSIVE daily candle over the last 24 hours, h/t @DaanCrypto:
-Stablecoin legislation failed in the Senate yesterday, h/t @Matt_Hougan:
-Despite the above, overall it was a big week of headlines for crypto adoption, h/t @JasonYanowitz:
-Very bullish thoughts on Coinbase from some after the earnings call yesterday, h/t @RasterlyRock:
-More ambivalent thoughts from others though, h/t example from @EffortCapital:
-Interesting comments from Trump: “You better go out and buy stocks now. Let me tell you. This country will be like a rocket ship that goes straight up.":
-Interesting update on the @MultiversX (formerly Elrond) ecosystem, which apparently saw its first native stablecoin launch in Q1, h/t @CryptoSam01:
-Soul Protocol testnet generating excitement, Phantom introduces gasless swaps on Solana, and more from @TheDeFinvestor:
-@Lombard_Finance Yapperboard also generating excitement in Kaito/airdrop world, h/t @DidiTrading:
-Excellent new macro article from @MelMattison1, on why the stock market may be the primary vehicle of currency debasement this time around, and why equities may be going far higher than anyone thinks:
-New Q&A with macro gigabrain @LukeGromen:
-New video of @JasonYanowitz and @santiagoroel going over all the big news from this week:
-New episode of NFA Live (aired yesterday):
-New weekly roll-up from @BanklessHQ:
-New @pahueg macro interview with the above-noted @MelMattison1:
-New interview with @0xMert_:
-New Michael Saylor interview from @natbrunell:
-“The desperation to outperform is what leads you to underperform” - parting wisdom from @docXBT via @QuotableCrypto:
Conclusion
Happy Friday good degens and stay alert 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 have now surged up to $1.5B in TVL/AUM!
-Their $SYRUP token was just listed on Binance recently to great fanfare….
-Maple co-founder @syrupsid will be speaking alongside famously pro-crypto SEC Commissioner Hester Peirce at the upcoming crypto roundtable in DC…
-And they just announced some absolutely MASSIVE rewards for $syrupUSDC depositors! (learn more by clicking here!)
Make sure to follow Maple on Twitter for more updates (as well as Maple COO @Ryanos_eth below!) and stay tuned as we continue highlighting all the W’s Maple is stacking!
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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.
