Happy Thursday good degens! 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: $3.40T
QQQ (Nasdaq 100): $518.63
Gold: $3,211.90
Oil (WTI): $61.28
US 10Y Treasury: 4.463%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Big things are happening with @vertex_protocol as our beloved brypto markets start to heat back up!
Their omnichain liquidity system Vertex Edge is currently ranked #3 overall among all perps providers for 7-day perps volume on @DefiLlama…
They are doing an absolutely MASSIVE amount of $VRTX-buybacks…
And they are aiming to be on 25+ EVM chains by the end of 2025!
Visit the Vertex site now to get started trading 60+ perps and spot markets, and stay tuned as we continue shining a light on everything they are doing!
And check out the great video below of Vertex co-founder @DariusTabai meeting up with our friends at @Blocmatesdotcom in Vienna earlier this month!
Biggest TVL Movers + Other Interesting Data
Chains are mostly red today. Only top 25 chains green on the daily are Sei (#16), BSquared (#18), Cardano (#22), and Taiko (#24).
Protocols are also quite red today. Only top 25 protocols green on the daily are Spark (#7), Ethena (#11), and Pendle (#12).
Here’s The Top 12 Best-Performing Chains By TVL On The Weekly With At Least $10M TVL: (from @DefiLlama):
Here’s The Top 12 Best-Performing Protocols By TVL On The Weekly With At Least $10M TVL: (from @DefiLlama):
Here’s The Top Entities By 24 Hour Token-Holders’ Revenue (from @DefiLlama):
Bitcoin Fear/Greed Index:
(from @BitcoinFear)
Top Yield Opportunities
(Note! This section is brought to you by our Official Sponsor @upshift_fi! We will include some of their top yield opportunities below as well some of the top ones from sorting on @DefiLlama (single-exposure, no-IL, $25M+ TVL) - note: the DefiLlama ones are just pulled from the raw data, so make sure to always DYOR!)
-30.00% APY on Injective USDT strategy - managed by MNNC Group - with additional 5x Bonus Points - via Upshift (click here)
-15.00% APY on August Mezo tBTC strategy - managed by August Digital - with additional 5x Bonus Points - via Upshift (click here)
-30.00% APY on USDC Sylva concentrated liquidity strategy - managed by Sylva(dot)money - with additional 5x Bonus Points - via Upshift (click here)
-10.80% APY on rsETH strategy - managed by Edge UltraYield - with additional 5x Bonus Points - via Upshift (click here)
-16.57% APY on USDO++ on Usual h/t DefiLlama research
-11.08% APY on USDC on Tokemak h/t DefiLlama research
-9.55% APY on USDC on Goldfinch h/t DefiLlama research
-7.50% APY on GHO on Aave V3 h/t DefiLlama research
Check out the full list of Upshift yield opportunities here or by clicking the banner below!
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 @minara_ai. Twitter bio states “Your ultimate Web3 AI chat & vibe trading app. Cooking at @colosseum Breakout Hackathon.” Followed by 5 of our mutuals. h/t @AresLabs_xyz:
Important News And Analysis
-Bitcoin still above 100k but below its all-time high of 109k, h/t @DaanCrypto:
-Major headline of the morning is Coinbase losing some very sensitive user info to hackers who then tried to extort the exchange, h/t @Tyler_Did_It:
-Lot of criticism of Coinbase on the TL regarding the above, as well as criticism of the current KYC/AML regulations, example of the latter below c/o @ASvanevik:
-PPI (inflation) data came in soft today, leading to optimism re: risk assets, h/t @LDNCryptoClub:
-Interest rates are climbing though, h/t @KobeissiLetter:
-Notes on some of the top coins this morning in the new ‘ICM’ meta, from @CryptoStreamHub:
-Will we finally get the long-anticipated MetaMask airdrop? h/t @WuBlockchain:
-Interesting discussion between @danrobinson and Curve founder @newmichwill_ on a post-mortem posted by @0xfluid on some issues with their ETH-USDC pool:
-Excitement around @levelsusd points program from some smart accounts we follow, example thread below h/t @intern_cc:
-Some raises over the last seven days include Turtle Club, Double Up, TREX, Fleek, and Sentora, h/t @0xGeeGee:
-Interesting thoughts on young founders from @gregisenberg:
-New roundtable on all things crypto from @theempirepod:
-New video on Ethereum and its future from @BanklessHQ:
-New video on Phantom wallet from @coinbureau:
-New Pomp interview with Arthur Hayes:
-Interesting parting (fatalistic) thoughts from @redphonecrypto:
Conclusion
Happy Thursday friends! Stay alert out there!
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 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.
