Happy Thursday good degens! The excitement continues!
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: $3.03T
Gold: $3340.90
Oil (WTI): $62.78
US 10Y Treasury: 4.313%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Take note friends!
Season Two of @vertex_protocol’s $AVAX Rewards kicks off today!
Traders can utilize Vertex for perps and spot trading on Avalanche to earn massive rewards!
“Season 2 Details…
Deposit $USDC or $wAVAX as collateral to start trading.
When: 23 Apr → 21 May (4 weeks)
Total Rewards Available: 40,000 $AVAX
Rewards Per Week: 10,000 $AVAX
Mechanism: Taker-only, capped at 100% fees paid.”
Avalanche is just one of many chains Vertex serves via their gigabrain omnichain liquidity infrastructure Vertex Edge (the success of which is currently paying 40%+ APR to $VRTX-stakers via revenue-sharing!) and their goal is to be on 25 different EVM chains by the end of this year!
Make sure to visit the Vertex site now to get started trading and make sure to follow Vertex on Twitter for more updates! And stay tuned as we continue shining a light on everything they are doing!
Biggest TVL Movers + Other Interesting Data
Chains are mixed today. Fastest-growing chains on the weekly with at least $1M TVL are Zircuit, Acala, and Venom.
Protocols are mixed today as well. Fastest-growing protocols on the weekly with at least $1M TVL are uncategorized EVM protocol Tangible, ETH/Arbitrum lending protocol TermMax, and Bitlayer CDP protocol BitZap yUSD.
Here’s The Top 12 Chains By TVL (from @DefiLlama):
Here’s The Top 12 Protocols By TVL (from @DefiLlama):
Here’s The Top Entities By 24 Hour Revenue Generation (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 (all types, $25M+ TVL) - note: the DefiLlama ones are just pulled from the raw data, so make sure to always DYOR!)
-10.80% APY on rsETH strategy - managed by Edge UltraYield - with additional 5x Bonus Points - via Upshift (click here)
-27.00% APY on USDC Sylva concentrated liquidity strategy - managed by Sylva(dot)money - with additional 5x Bonus Points - via Upshift (click here)
-7.02% APY on USDC lending strategy - managed by August Digital - with additional 5x Bonus Points - via Upshift (click here)
-28.06% APY on IUSD on Indigo (Cardano) h/t DefiLlama research
-11.85% APY on GHO on Aave V3 h/t DefiLlama research
-12.62% APY on USDO++ on Usual h/t DefiLlama research
-12.42% APY on SUSDE on Echelon Market (Aptos) h/t DefiLlama research
-9.55% APY on USDC on Goldfinch 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 @xFractalDotFun. Twitter bio states “the intelligence layer for narrative-driven markets ▓░░░░░░░ 1‱ hallucinating w/ @Initiate_Aya”. Followed by 8 of our mutuals.
-New project called @YuzuMoneyX. Twitter bio states “The high yield crypto bank app for the masses. Earn, Save, Spend. All in one platform.” Followed by 4 of our mutuals. h/t @twindoges:
-New project called @perpdotcity. No Twitter bio. Followed by 1 of our mutuals. h/t @twindoges:
-New project called @halo_usd. Twitter bio states “The Digital Dollar for @hyperliquidx 😇”. Followed by 113 of our mutuals. h/t @AresLabs_xyz:
-New project called @Ratings_wtf. Twitter bio states “Ratings. Onchain. Forever.” Followed by 8 of our mutuals. h/t @AresLabs_xyz:
-New project called @SonicxDex has been added to @DefiLlama, categorized as a dex on Sonic. Twitter bio states “...leading Dex and Launchpad on Sonic Blockchain powered by deflationary Token $SX. #Sonic.” Followed by 4 of our mutuals.
Important News And Analysis
-Prices are up both on stonks and crypto. In the latter both $TAO/Bittensor and $CRV/Curve are catalyzing discussion due to recent outperformance. h/t thoughts from @DaanCrypto:
-Vitalik’s forum post about RISC-V continues to generate attention, as does Fantasy Top’s introduction of ‘Clout’ as they move to partially replicate Kaito’s architecture/features in the wake of the latter’s success, h/t defi news from @TheDeFinvestor:
-More information has been released on the new Tether + Softbank venture, although some are wondering how it might differ from stuff like MicroStrategy and the Bitcoin ETF’s, h/t Tether CEO Paolo Ardoino:
-$MILK airdrop from @milky_way_zone has taken place, h/t @Picolas_Caged:
-Good reminder regarding the Pectra Upgrade coming on May 7th, from @0xMughal:
-Does its large treasury vs market cap ratio and potential token buybacks make $DBR/deBridge a good potential investment? h/t interesting tweet from @0xGumshoe:
-Interesting observation from @nearcyan, that the new CEO of Discord is from Candy Crush, and how this may impact Discord’s future:
-@GammaSwapLabs continuing to generate increased TVL + excitement, h/t @NaveenCrypto:
-Alfa on tools/dapps/etc from @bjnpck:
-$BABY generating increasing discussion on the TL, good example c/o @hmalviya9:
-There is intense debate in macro circles about whether Trump’s tariffs will be inflationary on the one hand (which Jerome Powell has also suggested) or deflationary or at least neutral on the other hand (which is the position that Scott Bessent seems to be endorsing). Alongside this, a number of individuals from the shipping and ecom industries are going viral on Twitter/X with dire warnings about the impact of the China tariffs. One the one hand its important to note that these individuals are sort of “talking their book”, but on the other many of them are Trump supporters themselves, so one can’t really dismiss it as partisan either. Prime example with 5k+ retweets from @Molson_Hart:
-New episode of ‘TAO Talk’ from @Blocmatesdotcom featuring @563defi and @brodydotai:
-New macro interview with Michael Green @profplum99:
-Interesting new discussion between @pahueg and @travis_kling on crypto and financial nihilism:
-New @BanklessHQ interview with Paradigm’s @danrobinson and @JBSDC:
-New @patfscott video on Unichain and Hyperliquid and general defi stats:
-New macro interview with @jessefelder:
-Parting wisdom from @IdeaMikk:
Conclusion
Have a great Thursday friends and 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.
