Happy Tuesday friends! Things are heating up!
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: $3.54T
QQQ (Nasdaq 100): $532.10
Gold: $3,323.22
Oil (WTI): $66.10
US 10Y Treasury: 4.474%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
The bullish announcements keep stacking up for @Mantle_Official!
There is their new institutional-grade MI4 Fund in partnership with @Securatize… their new HyperEVM integration into the mETH Protocol Bridge… the EXTREMELY cool new Mantle Banking initiative… massive capital efficiency improvements… and huge numbers in Q1 (read more about this in a report from @MessariCrypto by clicking here!)…
They also just announced the launch of @funnymoneyHQ - their new flagship token launchpad and trading platform!
It contains perpetual trading with 50x leverage, AI Agents, real-time token analytics + dashboards, a token launchpad, robust referral system, and more!
Learn more in the tweet below, make sure to follow Mantle on Twitter, and stay tuned for more updates as we keep banging the drum about everything they are doing!
Biggest TVL Movers + Other Interesting Data
Chains are quite green today. Top 50 chains up at least 30% on the monthly include Hyperliquid L1 (#9), Goat (#41), Movement (#45), and Stellar (#47).
Protocols are quite green as well. Top 50 protocols up at least 30% on the monthly include Pendle (#11), and Maple Finance (#32).
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 10 Entities By 24 Hour Fee 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 (single-exposure, no-IL, $25M+ TVL) - note: the DefiLlama ones are just pulled from the raw data, so make sure to always DYOR!)
-30.00% APY on Injective USDT strategy - managed by MNNC Group - with additional 5x Bonus Points - via Upshift (click here)
-24.00% 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)
-11.60% 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)
-16.22% APY on USDS on Yearn h/t DefiLlama research
-12.68% APY on GHO on Aave V3 h/t DefiLlama research
-10.39% APY on USDO++ on Usual h/t DefiLlama research
-9.96% APY on USDC on Stream Finance 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!)
-Something new called @UpsideFun. Twitter bio states “Follow @UpsideFun and we will DM you access before anyone else 👀 Backed by @MrJasonChoi, @CryptoHayes, and 25+ other degenerate angels.” Followed by 165 of our mutuals.
-Something new called @Ventuals_. Twitter bio states “Trade VC-backed startups before they go public, with as little as $1.” Followed by 5 of our mutuals. h/t @AresLabs_xyz:
-Something new called @ShroomyProject has been added to @DefiLlama (it is categorized as a lending protocol on Ink). Twitter bio states “We must defend the Kingdom of Fungi! 💰 DeFi | 🎮 Games | 🍄 Mycology | 🕊 Charity | 🥷Cypherpunk”. Followed by 2 of our mutuals.
Important News And Analysis
-Spirits are high today - the official SEC account on Twitter/X posted a very encouraging pro-defi thread, defi tokens are surging as a result, Bitcoin is just below ATH’s, and other popular coins like $HYPE/Hyperliquid are in price discovery - h/t @Tyler_Did_It:
-Will the above SEC stuff as well as the success of $CRCL/Circle’s price gains post-IPO cause a re-rating higher of defi token prices? h/t @crypto_condom:
-ETH/BTC chart looking halfway alive for the first time in a long time, h/t @gammichan:
-CPI (inflation) data comes out tomorrow, Wednesday June 11th, h/t @DaanCrypto:
-@truflation’s real-time inflation index currently at 1.90% for the US:
-$HOME token from @defidotapp went live today to much attention, including a video from the project starring CT mainstay @gabrielhaines, as well as criticism for changing the vesting/unlock terms at the last second apparently (h/t @resang below):
-@0xJohannes_ on the above, and the reality that seed investing is often far less lucrative than commonly believed:
-Will this cycle be extended due to the idiosyncrasies of interest rate policy and Powell’s seeming reluctance to accede to Trump’s wishes and lower further while he remains in office? h/t @LDNCryptoClub:
-Twitter/X rolling out new encrypted messaging may bring new attack vector security-wise so as always make sure to be incredibly hypervigilant out there friends! h/t @nft_dreww:
-Numbers for Euler and a number of other popular defi protocols are all up and to the right, h/t @tokenterminal:
-Important reminder to take profits good degens! h/t @fooosfirstborn:
-New June yield farming opportunities from @phtevenstrong The Calculator Guy:
-New livestream of TA and market thoughts from @docXBT:
-New @patfscott Dynamo Defi video on “cryptos that actually make money”:
-New video from @Jesseeckel:
-Lot of blackpills out there, but permissionless finance really is a huge net positive for humanity - parting wisdom from @ASvanevik:
Conclusion
Have a great Tuesday 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.