Happy Wednesday friends! Lots of stuff going on!
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: $3.38T
QQQ (Nasdaq 100): $530.01
Gold: $3,388.29
Oil (WTI): $74.80
US 10Y Treasury: 4.365%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Take note $HYPE-enjoyoors! Our Official Sponsor @upshift_fi just announced a very cool related partnership with @Okto_wallet from @okto_web3 to further their ability to serve the HyperEVM ecosystem!
“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…”
According to @DefiLlama, Upshift is currently ranked #9 on Hyperliquid L1 by TVL, and they have seen massive interest in their Hyperbeat Ultra HYPE Vault, which gives depositors access to 5+ different HyperEVM airdrop opportunities!
Make sure to follow Upshift on Twitter for more updates, visit their site to access all the exquisite yields they have available, learn more about the new Okto partnership in the thread quote-tweeted by Upshift co-founder @aya_kantor below, and check out the recent interview she did with @AndrewSteinwold below that!
Biggest TVL Movers + Other Interesting Data
Chains are quite red today. Only top 50 chains up at least 10% on the weekly are Unichain (#14), and Hemi (#22).
Protocols are quite red today. Only top 50 protocols green on all three timelines (daily, weekly, monthly) are stUSDT (#34), Concentrator (#39), and Stream Finance (#45).
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):
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 @hypurrML. Twitter bio states “Building for the future. No token.” Followed by 4 of our mutuals. h/t @twindoges (make sure to give him a follow!):
-Something new called @hyperbloomxyz. Twitter bio states “Swap tokens. Boost yield. All @hyperliquidX liquidity in one place.” Followed by 7 of our mutuals. h/t @twindoges:
-Something new called @vibesdotfun. Twitter bio states “Trade what the world talks about.” Followed by 7 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
-The GENIUS Stablecoin Act has passed and Treasury Secretary Scott Bessent is tweeting about stablecoins 15x’ing in size by the end of this decade:
-Powell vs Trump tension is yet again the center of attention on FOMC day today:
-Lots of focus on a new announcement by the Fed regarding SLR stuff, the results of which many consider a form of “backdoor QE” which would increase liquidity and therefore boost asset prices, h/t @JackFarley96:
-Circle (USDC-issuer) has now more than 5x’d since its recent IPO, h/t @MikeIppolito_:
-The “crypto treasury company” meta continues to build, h/t @Cointelegraph:
-Continued focus on @Megaeth_labs in airdrop circles, h/t @DidiTrading:
-Some of the fastest-growing chains over the last month include @GOATRollup, @plumenetwork, and @hydration_net - h/t @DynamoDefi:
-Dex volumes relative to cex volumes keep going up, h/t @Cryptoyieldinfo:
-A tweet from Cobie about a Solana-based GambleFi project apparently paying some influencers 500k for a month of promotion generated massive discussion over the last 24 hours:
-Airdrop alfa on @extendedapp from @MingoAirdrop?
-Is buying a handful of exchanges actually one of the best ways to play the rise of crypto over the next few years? h/t @MikeIppolito_:
-New @theempirepod interview with @TheiaResarch, @smyyguy, and @0xLouisT:
-New interview with macro gigabrain Mike Green:
-New roundtable from @Unchained_pod:
-Is tokenization about to 100x? Parting sentiments c/o @zerohedge:
Conclusion
Have a great Wednesday and stay alert out there friends!
And please RT/subscribe/etc if you found this valuable!
-
-
Note
Seeing more and more stuff on the TL about new L2 @katana, so good to point out that @vertex_protocol will be deploying there!
Katana is “a defi chain forged to bring dead bags to life via deep liquidity & high yield built by katana foundation, incubated by @0xpolygon x @gsr_io…”
Vertex will providing perps liquidity on Katana via their omnichain liquidity system Vertex Edge…
This marks the newest chain they have expanded to, on their journey/goal of being on 25+ EVM chains!
Visit the Vertex site now to get started trading 60+ perps and spot markets, and stay tuned as we continue shining a light on everything they are doing!
-
-
***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.