Happy Tuesday friends! 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
QQQ (Nasdaq 100): $482.03
Gold: $3,394.00
Oil (WTI): $59.58
US 10Y Treasury: 4.343%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
More stacking of W’s from our friends at @upshift_fi good degens!
They have surpassed $260M in TVL… just introduced a new vault in concert with @TreehouseFi… are working with Pendle and a bunch of the other most well-respected teams in crypto… have some of the highest-yielding stablecoin vaults in all of defi right now… and are providing some of the best exposure that currently exists to the mega-hot HyperEVM ecosystem via their Hyperbeat Ultra HYPE Vault!
Check out the tweets below to learn more and make sure to follow Upshift on Twitter for more updates along with co-founders @aya_kantor and @AElkrief!
Biggest TVL Movers + Other Interesting Data
Chains are mostly red today. Only top 50 chains green on all three timelines (daily, weekly, monthly) are Taiko (#26), and Flare (#40).
Protocols are also mostly red today. Only top 50 protocols green on all three timelines (daily, weekly, monthly) are Pendle (#12), BlackRock BUIDL (#13), Curve Finance (#21), Kodiak (#29), Ondo Finance (#35), and Ethereal (#36).
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 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 @TradeOnRhythm. Twitter bio states “Simplifying DeFi, Amplifying Your Trades.” Followed by 3 of our mutuals. h/t @AresLabs_xyz:
-Something new called @bageldotpoof. Twitter bio states “Solana’s stealth domain & wallet. Receive funds without publicly linking them to you.” Followed by 3 of our mutuals. h/t @AresLabs_xyz:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (all types, $1M+ TVL only) - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Important News And Analysis
-Much focus right now on stablecoin legislation as well as the Fed interest rate decision coming tomorrow, h/t morning news from @Tyler_Did_It:
-$ETH has been red for four months in a row, the first time since 2018, h/t @TheDeFinvestor:
-Geopolitics still dominating the macro picture, h/t overnight news from @zerohedge:
-Seeing more and more references to @ethos_network and @noise_xyz on the TL lately, h/t example @nikokampouris:
-Are long-suffering Link Marines finally going to start benefitting from staked $LINK? h/t @alpha_pls:
-Commercial real estate crisis (especially office real estate) continues to roll on, as mortgage rates remain elevated and the much-vaunted “return to the office” has not really materialized, h/t @charliebilello:
-Attention on prospective $DOOD airdrop this week, h/t @DidiTrading:
-Fastest-growing crypto projects on Twitter/X over the last 7 days according to @_dexuai are @0xMiden, @EnsoBuild, @MirraTerminal, @kiyotaka_ai, and @campnetworkxyz:
-Lots of discussion regarding the backgrounds of @boopdotfun founder @dingalingts and Clanker team member @_proxystudio, h/t good explanations on each from @WuBlockchain:
-Very interesting stats from @JackNiewold on the biggest airdrops of all-time, with Hyperliquid, Starknet, Pudgy Penguins, NotCoin (a TON gaming token), and Arbitrum apparently being the five largest ever as of today:
-Another absolutely fascinating CEO email to employees re: AI… from the CEO of Fiverr in this case, which 1) seems to imply significant fear re: AI’s potential for disruption and its impact on the competitiveness and fluidity of online economy, and 2) seems to expect utterly massive pushback against AI adoption from employees, which seems very interesting to us - note: found following tweet from an account called @book__snippets that contains screenshots of the full email:
-Livestream of Treasury Secretary Scott Bessent today:
-New @MikeIppolito_ interview with @hasufl, @rleshner, and @monetsupply:
-New macro discussion between Tony Greer and Jared Dillian:
-New @docXBT livestream (aired yesterday):
-Interesting new macro interview from @pahueg with @TheMichaelEvery:
-New roundtable from @Unchained_pod:
-”Be retardio now and then, my fren. For your upside is capped by your courage.” - parting wisdom from @redphonecrypto via @QuotableCrypto:
Conclusion
Have a great Tuesday and stay alert out there friends!
And please RT/subscribe/etc if you found this valuable!
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Note
Take note! Huge things are happening with @Mantle_Official!
They recently announced their institutional-grade MI4 Fund in partnership with @Securatize, their new HyperEVM integration into the mETH Protocol Bridge is generating much attention, their new Mantle Banking initiative is catalyzing EXTREME excitement, and the $MNT/Mantle token was just listed on Coinbase a few days ago!
They also have the extremely cool Mantle Yapperboard Challenge ongoing via Kaito, so check out the tweet about it below if you would like to get involved! :)
We are very proud to be helping bang the drum about everything Mantle is doing, so make sure to follow them on Twitter and stay tuned for more updates!
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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.
