Happy Saturday friends! Prices trending up a bit!
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: $2.78T
Gold: $3341.30
Oil (WTI): $64.68
US 10Y Treasury: 4.333%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
The HyperEVM trenches continue to attract more and more attention, both from Hyperliquid maximalists and airdrop farmers alike!
If you plan to explore them yourself, our Official Sponsor @upshift_fi has one of the best opportunities out there!
As detailed in their recent thread:
“Partnering with @0xHyperBeat and @ultrayieldapp, the hbHYPE vault will dynamically allocate $HYPE deposits across HyperEVM DeFi protocols. Delta-neutral strategies, funding arbitrage and more will be deployed to maximize returns. hbHYPE democratizes institutional yield for $HYPE holders…
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...”
Check out the tweet below from @alpha_pls from a recent thread he did of top HyperEVM opportunities to learn more about the above!
And make sure to follow Upshift on Twitter for continued updates!
Biggest TVL Movers + Other Interesting Data
Chains are mixed today. Top 25 chains up at least 10% on the weekly include Solana (#2), Hyperliquid L1 (#14), BSquared (#19), and Unichain (#20).
Protocols are also mixed today. Top 100 protocols up at least 20% on the weekly include Lista DAO (#48), Buzz Farming (#92), and Centrifuge (#99).
Here’s The Top 12 Fastest-Growing Chains By TVL On The Weekly With At Least $1M TVL (from @DefiLlama):
Here’s The Top 12 Protocols By TVL Overall (from @DefiLlama):
Here’s The Top 12 Chains On Hyperliquid L1 By TVL (from @DefiLlama):
Here’s The Top 12 Chains On Berachain By TVL (from @DefiLlama):
Here’s The Top Entities By 24 Hour Revenue 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!)
-New project called @neutrl_labs. Twitter bio states “The next generation of crypto-native yield”. Followed by 97 of our mutuals. h/t @dcfgod:
-Something new called @nodefnd. No Twitter bio. Followed by 18 of our mutuals. h/t @sandraaleow and @RogerDickerman:
-New project called @40acres_Finance has been added to @DefiLlama, categorized as a lending protocol on Base and OP Mainnet. Twitter bio states “Unlock the full potential of your veNFTs…” Followed by 6 of our mutuals.
-Something new called @fomodotbiz has been added to @DefiLlama, categorized as a dex on Taraxa. Twitter bio states “Launch and find safer coins to fomo into with a few clicks on Taraxa.” Followed by 1 of our mutuals.
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (all types, $25M+ TVL only) - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Important News And Analysis
-Interesting macro story that’s getting a lot of attention, that Zillow is extrapolating that US housing prices will decline by an average of 1.7% over the next year, h/t @NewsLambert:
-$SOL TA looking bullish? h/t @DaanCrypto:
-USDC and USDT have a combined 88% share in the stablecoin market, h/t @0xMughal:
-Crypto-gaming example on MegaETH- the new hyperperformant ETH L2- where every movement is a separate on-chain transaction, has been generating much attention the last few days, h/t @0xGeeGee:
-Increasing talk about airdrops on the TL the last few days, good example with some notable opportunities mentioned c/o @Route2FI and @prz_chojecki:
-Will there be another profitable Layer Zero airdrop? h/t @DidiTrading:
-Another potential airdrop opportunity to look at in the HyperEVM area, @KeikoFinance, h/t @0xlykt:
-Interesting Scott Bessent quote from last October (before the election and before he became Treasury Secretary, flagged by @jam_croissant: “You could do the earliest Fed nomination and create a shadow Fed chair. And based on the concept of forward guidance, no one is really going to care what Jerome Powell has to say anymore.”
-Seeing continued interest on DePIN and related niches and projects like Grass and Helium, h/t @santiagoroel:
-Interesting thoughts on Zora from @redphonecrypto:
-The @RaoulGMI and @BarrySilbert video from a couple days ago that has been generating a lot of attention and has accompanied (and/or helped catalyze) a spike in the $TAO/Bittensor price:
-New episode of @0xSteadyLads, discussing everything going on in crypto:
-New interview with macro/logistics/natural-resources expert Doomberg:
-New video from Dynamo Defi @patfscott on using ChatGPT for crypto research:
-New video from Block Runner discussing Zora content coins:
-New roundtable from @Unchained_pod:
-“The market is a mirror — it shows you what you’re made of, not what you wish for.” - parting wisdom c/o @hmalviya9:
Conclusion
Happy Saturday friends! Don’t forget to touch some grass this weekend!
And please RT/subscribe/etc if you found this valuable!
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Note
More solid developments from @vertex_protocol to take note of!
-Vertex’s most recent rewards to VRTX stakers equaled an APR of 46.47%!
-Vertex is routinely one of the top on-chain perps providers by volume (currently #5 on @DefiLlama over the last 7 days)
-Over 3% of the circulating VRTX supply has been bought back since January and given to stakers…
-Their omnichain-liquidity architecture Vertex Edge recently passed $200B in all-time volume…
-They continue to rack up more and more chain deployments, with the goal of being on 25 different EVM chains by the end of 2025!
Make sure to visit the Vertex site now at app.vertexprotocol.com to access 60+ perps and spot markets and all sorts of exquisite yield-maxxing opportunities, follow them on Twitter for more updates, and stay tuned as we keep providing updates 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.
