Happy Saturday 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: $3.37T
QQQ (Nasdaq 100): $526.96
Gold: $3,430.49
Oil (WTI): $72.98
US 10Y Treasury: 4.407%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Our Official Sponsor @upshift_fi provides yield-maxxing opportunities all across the defi-verse, and one of the most popular areas of their focus is the HyperEVM ecosystem!
Indeed, according to @DefiLlama, Upshift is currently ranked #8 on Hyperliquid L1 by TVL!
The primary opportunity they provide is via their Hyperbeat Ultra HYPE Vault, and they also just announced a very cool related partnership with @Okto_wallet from @okto_web3 as well!
“We have partnered with @okto_web3 to integrate Upshift HyperEVM vaults. Okto is Hyperliquid's first native wallet. To celebrate, all Upshift $HYPE or $uBTC deposits via Okto Hypezone will receive 10x points until 27 June…”
Make sure to follow Upshift on Twitter for more updates, visit their site to access all the exquisite yields they have available, and learn more about the new Okto partnership in the thread quote-tweeted by Upshift co-founder @aya_kantor below!
Biggest TVL Movers + Other Interesting Data
Chains are mixed today. Best-performing top 50 chain on the weekly is Hemi (#22) at +27.26%.
Protocols are mixed today as well. Best-performing top 100 protocol on the weekly is Threshold Network (#68) at +49.54%.
Here’s The Top 12 Best-Performing Chains By TVL On The Weekly With At Least $50M TVL: (from @DefiLlama):
Here’s The Top 12 Best-Performing Protocols By TVL On The Weekly 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 24 Hour Volume (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 @avydotxyz. Twitter bio states “Solving distribution for hyperliquid.” Followed by 11 of our mutuals. h/t @AresLabs_xyz:
-New project called @oxiumxyz has been added to @DefiLlama, categorized as a dex on Sei. Twitter bio states “Ultra capital-efficient and modular DEX. Powered by @SeiNetwork”. Followed by 3 of our mutuals.
-New project called @framew0rk_ai. Twitter bio states “The artificial intelligence layer changing DeFi forever.” Followed by 3 of our mutuals. h/t @twindoges:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (single-exposure, no-IL, $25M+ TVL only) - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Important News And Analysis
-Only a few alts have really outperformed Bitcoin this year, with the ‘Altcoin Season Index’ down somewhere between 10 to 20 depending on which measurement you use for it, h/t @0xkyle_:
-Interesting chart from @tokenterminal showing that Uniswap volumes have essentially been flat since 2021:
-Will Saylor-inspired ‘crypto treasury companies’ be the main variable this cycle? h/t @crypto_condom:
-Crypto-Twitter/X is increasingly filled with AI bot accounts and accounts using AI to compose tweets and basically an entire spectrum in between, h/t @redphonecrypto:
-Also starting to see Dani Sesta (from $TIME/Wonderland and etc fame last cycle) all over the TL again, both for his project @heyanonai that’s generated a lot of excitement over the last year, as well as other stuff now with Avalanche, another coin called $WIFE, and etc:
-Interesting tweet from Kaito founder @Punk9277, that the platform has now hit $90M in “TVD” (total value distributed), and to expect more ‘surprise drops’ by various projects in the future:
-Seeing continued focus on everything Virtuals from a number of extremely locked-in accounts we follow, example c/o @Cryptoyieldinfo below:
-Weekly thread from @Earndrop_io c/o @OlimpioCrypto, containing links to all airdrops and the checkers for them and everything else you might need to know that is airdrop-related:
-Some great ‘how to start from zero’ thoughts from @crypthoem:
-Another massive airdrop article worth bookmarking (note: we were skeptical when we clicked on this but it actually contains a ton of useful info - is very well done), h/t @vohvohh:
-“If you’re waiting to hit some arbitrary number to cash out, you’ll most likely round trip… Market doesn’t care about your portfolio targets…” - cycle wisdom from @LouisCooper_:
-New video featuring @qthomp and @fejau_inc and co discussing everything macro + crypto:
-New @leviathan_news interview with some of the organizers of the upcoming ETH Milan Conference later this month, featuring @DavideFi_, @mattdotfi, and more (note: these are friends of ours so try to attend the conference if you can!):
-New weekly macro overview from @FedGuy12:
-New interview with legendary natural resources investor Rick Rule for our really geeky macro readers:
-“I wouldn't even be surprised if we will see use cases and apps that will be valued in the 100s of billions, but don't even exist today. There will be so many more opportunities, and we’re here, right at the source, right on time, to find them on day one.” - parting wisdom from @sjdedic:
Conclusion
Have a great 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
The bullish announcements keep stacking up for @Mantle_Official!
They just introduced their new DaL Iniative, which will advance Mantle’s integration into the HyperEVM ecosystem, as detailed below:
“In collaboration with @hypurr_co, we're expanding the reach of our flagship yield asset, @mETHProtocol 's $cmETH, across Mantle Network and [the HyperEVM ecosystem]…
The DaL initiative aims to support high-quality projects in integrating $cmETH across Mantle Network and HyperEVM, directing liquidity to where it can be most effectively deployed…”
They also just announced the launch of @funnymoneyHQ - their new flagship token launchpad and trading platform, so make sure to read about that here as well!
Learn more about the DaL Initiative in the thread 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!
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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.