Happy Saturday good degens! Quiet day but all sorts of bullish stuff bubbling beneath the surface!
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: $3.40T
QQQ (Nasdaq 100): $556.22
Gold: $3,335.94
Oil (WTI): $66.50
US 10Y Treasury: 4.348%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Massive shipping continues from @Mantle_Official!
Here’s some of the major new updates!
-They recently introduced @URNeobank, a “crypto neobank that helps users spend, save and more across both fiat and crypto finances in one account…”
-They also just rolled out @MantleX_AI - an “AI research & incubation arm pioneering the future of decentralized systems…. Advancing thought leadership at the frontier of AI x blockchain...”
-They just introduced Lightning Grants - “What are Lightning Grants? Lightning Grants are the quickest path for early builders to get funded. No more lengthy waits and complex application processes. Just a streamlined process that prioritizes momentum for builders on @Mantle_Official...”
-They continue to integrate more and more with the HyperEVM ecosystem…
-And… their Yapperboard and associating community of Yappers continues to be one of the most popular campaigns on Kaito!
All of the above is just a small fraction of everything Mantle is shipping though… so make sure to follow them on Twitter and stay tuned as we keep banging the drum about everything they are doing!
Biggest TVL Movers + Other Interesting Data
Chains are mostly red today. Best-performing top 25 chain on the weekly is PulseChain (#24) at +18.10%.
Protocols are also mostly red today. Best-performing top 50 protocol on the weekly is Gauntlet (#39) at +51.00%.
Here’s The Top 12 Best-Performing Chains On The Monthly With At Least $50M TVL: (from @DefiLlama):
Here’s The Top 12 Best-Performing Protocols On The Monthly With At Least $50M TVL: (from @DefiLlama):
Here’s The Top 10 Entities By 24 Hour Token-Holders’ Revenue (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)
-10.50% APY on Sylva concentrated liquidity strategy - managed by Sylva(dot)money - 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)
-10.20% APY on rsETH strategy - managed by Edge UltraYield - 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)
-11.84% APY on USDS on Yearn h/t DefiLlama research
-11.00% APY on USDC on Stream Finance h/t DefiLlama research
-10.07% APY on SUSDE on Echelon Market (on Aptos) h/t DefiLlama research
-9.03% APY on USDC on Goldfinch h/t DefiLlama research
-8.13% 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!)
-Something new called @vortx_hl. Twitter bio states “The new Prediction Markets standard. Built on @HyperliquidX.” Followed by 15 of our mutuals. h/t @0xTria:
Important News And Analysis
-Total crypto market cap still more than 10% below previous ATH of $3.9T, Bitcoin is hovering a few thousand below previous all-time high of $112k, and total altcoin market cap is climbing slowly, h/t TA on the latter below from @DaanCrypto:
-90% of alts are behind their 50 and 200 day moving averages though, h/t @LeafiestParapet:
-Interesting update from the Solana memecoin trenches from @theunipcs:
-Eclipse airdrop continues to generate attention, h/t @0xBreadGuy:
-Fascinating chart of $ETH’s market cap vs TVL, h/t @tokenterminal:
-@Lighter_xyz continues to generate attention vis a vis its prospective airdrop, h/t @aadvark89:
-US inflation via @truflation back below 2%:
-Is the HyperEVM being underfarmed? h/t @PixOnChain:
-More ETHCC takeaways from Cannes by @ayyyeandy:
-Interesting potential alfa from new account we’re following with only 100 followers but routinely posting all sorts of valuable info, @keccakDollar:
-New weekly thread of airdrop checker links and other airdrop-related stuff from @Earndrop_io c/o @OlimpioCrypto:
-New interview from @thecryptojourno with @stablesbernie from @stables_money:
-New @coinbureau video:
-Weekly macro overview from Joseph Wang @FedGuy12:
-New Infinex tutorial from @KryptoCove:
-New Q&A in South Korea with macro permabull and $ETH-evangelist Tom Lee:
-New Digital Asset News video from yesterday talking about the above-referenced Tom Lee, the new Solana staking ETF, North Korea, and doing an extended Q&A:
-“prefer the upsides that come with uncomfortable risks vs the smol returns of gentle stability” - parting wisdom from @DegenSpartan c/o @kirbxbt:
Conclusion
Happy Saturday friends and don’t forget to touch some grass this weekend!
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.