Chainlink Launches DeFi Yield Index to Set New Benchmark for Crypto Lending Data

Daily Top Performer — Ethena (ENA)



The S&P 500 dropped 0.76% despite Trump delaying tariffs. Investors await earnings and jobs data. Gold rebounded 0.96% as Trump’s tariffs fueled safe-haven demand, despite pressure from a strong U.S. dollar. Prices remain near record highs, with analysts expecting a push toward $2,850 amid economic uncertainty. Coindesk Indices, an index measuring broader cryptocurrency market performance was up by 6.00%, with Bitcoin rising by 3.55% and Ether dropping by 3.03%, in the past 24 hours. Trade these markets and more with up to 500x leverage on Bybit MT5 using this link.

Today's top performer is ENA, which surged nearly 23.2% following Ethena & ConcreteXYZ Launch $100M Vaults with 20% APY in MOVE Rewards.



Ethena Labs (ENA), founded in 2023, introduces USDe, a synthetic dollar on Ethereum, offering a decentralized alternative to traditional stablecoins. It features the 'Internet Bond' for global savings, using delta-hedging to manage volatility and aiming to transform the financial ecosystem by enhancing Ethereum's utility. Ethena Labs is integrating USDe and sUSDe into DeFi ecosystems with new vaults on ConcreteXYZ for the Movement Labs ecosystem. Each vault is capped at $50M and launches on Feb 3. Users can earn Ethena rewards, Concrete Points, and ~20% APY in MOVE tokens. Deposits open soon, with more details from Concrete and Movement.



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Talk of the Town

Chainlink has launched the DeFi Yield Index (CDY Index) to provide real-time lending rate data, aiming to become crypto’s leading index provider. Using its oracle network and data from Space and Time, the index enhances transparency and accessibility in DeFi, where lending has surged to $47 billion TVL. By aggregating on-chain yields, Chainlink seeks to establish itself as the standard for verifiable financial benchmarks, aligning with growing investor interest in DeFi yield opportunities and potential ETF offerings that could integrate these returns into traditional finance.



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Bitcoin Spot ETF Flows





Yesterday, BTC Spot ETFs had a net outflow of $56.8M, with a $8M inflow to GBTC and a $64.8M outflow from non-GBTC funds.



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Airdrop to Watch

Fraction AI, a decentralized platform for creating AI training datasets, has launched its testnet v0.1. Users can earn Fractals (points) by joining the testnet and qualify for the future FRAC token airdrop. To get started, connect an EVM wallet, create an agent, and deposit test ETH. The longer your agent runs, the more Fractals you collect. The project has raised $6M in funding and confirmed the FRAC token.



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