Happy Sunday friends! Things continue to look good!
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: $3.79T
QQQ (Nasdaq 100): $554.20
Gold: $3,354.88
Oil (WTI): $68.45
US 10Y Treasury: 4.417%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Many still erroneously view @Mantle_Official as just an ETH L2, but they have been shipping harder than nearly any team in all of crypto the last couple years, and continue to expand in numerous new directions, and their status as an ETH L2 is now just one of many different pillars upon which they are advancing their mission...
Indeed, more than anything, they are leading the charge in a new global category: Blockchain For Banking.
As stated in the thread below:
“Mantle is evolving into a full stack experience unifying fiat and crypto. UR is the access layer and the Network is the blockchain for banking. Our $MNT token embodies all the value currently within this unifying stack, as well as all future value to be generated from this growing super-app ecosystem…”
This is seen in their recent launch of @URNeobank - “a borderless smart money app that makes it easy to spend and off-ramp, all in one place…” as well as numerous other initiatives they are currently focused on…
Learn more in the thread below, so make sure to follow Mantle on Twitter/X for more updates, and stay tuned as we continue shining a light on everything they are shipping!
Biggest TVL Movers + Other Interesting Data
Chains are mixed today. Best-performing top 25 chain on the monthly is Sei (#14) at +29.29%.
Protocols are mixed today as well. Best-performing top 50 protocol on the monthly is Gauntlet (#39) at +72.33%.
Here’s The Top 12 Chains By TVL (from @DefiLlama):
Here’s The Top 12 Protocols By TVL (from @DefiLlama):
Here’s The Top 10 Entities By 24 Hour Revenue Generation (from @DefiLlama):
Here’s The Top 10 Dex’s By 30 Day Volume (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!)
-18.00% APY on Injective USDT strategy - managed by MNNC Group - with additional 5x Bonus Points - via Upshift (click here)
-15.00% APY on the August Mezo tBTC strategy - managed by August Digital - with additional 5x Bonus Points - via Upshift (click here)
-10.50% APY on Sylva concentrated liquidity strategy - managed by Sylva(dot)money - with additional 5x Bonus Points - via Upshift (click here)
-10.20% APY on rsETH strategy - managed by Edge UltraYield - with additional 5x Bonus Points - via Upshift (click here)
-8.00% APY on USDC lending strategy - managed by August Digital - with additional 5x Bonus Points - via Upshift (click here)
-Varied and massive HyperEVM airdrop exposure on Hyperbeat Ultra HYPE vault - managed by Edge UltraYield - with additional 5x Bonus Points - via Upshift (click here)
-14.76% on STUSR on Resolv h/t DefiLlama research
-12.49% APY on USDS on Yearn h/t DefiLlama research
-11.71% APY on SUSDE on Echelon Market (on Aptos) h/t DefiLlama research
-11.25% APY on USDC on Stream Finance h/t DefiLlama research
-9.55% APY on USDC on Goldfinch h/t DefiLlama research
-7.73% 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 @pinotfinance. Twitter bio states “A full suite DeFi layer with unparalleled UX, powered by @monad_xyz 🍷Swap and provide liquidity like a pro”. Followed by 2 of our mutuals. h/t @AresLabs_xyz:
-New project called @checkercorp. Twitter bio states “Global liquidity network for stablecoins”. Followed by 3 of our mutuals. h/t @AresLabs_xyz:
Important News And Analysis
-Latest CPI (inflation) report comes out this week, and reminder that next FOMC Meeting (Fed rate hike decision) is coming later this month on the 29th, h/t @KobeissiLetter:
-Are we on the cusp of alt season? h/t @Cryptoyieldinfo:
-New Phantom/Hyperliquid integration continuing to generate attention, good breakdown from @GLC_Research:
-The Wall Street Journal’s @NickTimiraos- often called “The Fed Whisperer”- has been tweeting about the Trump administrations efforts to remove Fed Chair Jerome Powell, which seems to be a marker to us that things are getting serious with the Trump vs Powell stuff and the possibility that Trump may succeed(?) in ousting Powell before his term is up:
-$JOE/$HUMA/$AERO and other tokens making headlines, h/t @TheDeFinvestor:
-The treasury company phenomenon continues to ramp up, h/t @thedefivillain:
-The following Coinbase/Binance/Trump stuff is generating a lot of attention today, h/t @WuBlockchain:
-Some interesting related thoughts from @crypto_condom:
-Another interesting observation from @crypto_condom, regarding this upcoming week being extremely crypto-focused in DC, also h/t @cas_abbe:
-Lot of interesting discussions taking place regarding the downstream effects of the recently passed “One Big Beautiful Bill”, especially vis-a-vis taxes, good thread on the subject from @baldridgecpa (click to read in full):
-Gold and Bitcoin both up around 27% year-to-date (numbers slightly different since this tweet was published yesterday) while Ethereum is down 10% on the year but has outperformed Bitcoin and gold over the last 90 days, h/t @charliebilello:
-Extremely good new video from macro gigabrain and crypto fan @jvisserlabs:
-Weekly macro overview from Joseph Wang @FedGuy12:
-New livestream from @NewsAsset (airing as we publish this):
-New interview from @ayyyeandy and @therollupco with S.Y. Lee, co-founder of Story Protocol:
-New video from @phtevenstrong The Calculator Guy on the top yields of the week:
-Parting wisdom from @TheDeFinvestor:
Conclusion
Happy Sunday friends! Rest up for the big week ahead!
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.