Happy Sunday and Happy June dear frogs!
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: $3.40T
QQQ (Nasdaq 100): $519.11
Gold: $3,313.10
Oil (WTI): $60.79
US 10Y Treasury: 4.398%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Lots of bullish news from our Official Sponsor @upshift_fi!
-Their Hyperbeat Ultra HYPE Vault (one of the best possible ways to get exposure to the HyperEVM ecosystem right now!) has surpassed $50M TVL…
-They recently surged past $300M in TVL overall…
-They are consistently providing 30% APY on USDC via their Sylva Concentrated Liquidity Vault…
-They continue to build alongside TreeHouse and Pendle and Injective and numerous other great teams…
-And they are generating all sorts of excitement among some of the most well-sophisticated and respected defi’ers in crypto!
Visit the Upshift site to get started, and make sure to follow them on Twitter for more updates!
Biggest TVL Movers + Other Interesting Data
Chains are mixed today. Only top 25 chains up at least 25% on the monthly are Tron (#2), Base (#6), Hyperliquid L1 (#10), BSquared (#19), and Vaulta (#23).
Protocols are also mixed today. Only top 50 protocols up at least 40% on the monthly are Binance Staked ETH (#6), DeSyn Protocol (#29), Maple Finance (#32), Lista DAO (#36), Magpie Ecosystem (#39), StakeWise (#44), and Zircuit Staking (#50).
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 Revenue Generation (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 @prjx_hl. No Twitter bio. Followed by 123 of our mutuals. h/t @0xdetweiler and @Lamboland_:
-Something new called @TMeshRobotics. Twitter bio states “Middleware Decentralised Infrastructure for Distributed Robotic Cognition”. Followed by 8 of our mutuals. h/t @0xdetweiler:
-Something new called @OncadeX. Twitter bio states “Empowering Communities, Reshaping Gaming Distribution”. Followed by 5 of our mutuals. h/t @AresLabs_xyz:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (all types, $5M+ TVL only) - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Important News And Analysis
-Interesting historical June 1st $BTC prices from @coingecko:
-$LOUD/@stayloudio launched today, after dominating the TL the last few days on crypto-twitter, but the results were considered somewhat underwhelming by many, h/t @pedro_verdades:
-Some stats on it from @0xAbhiP:
-Reminder from @AltcoinSherpa to be hypervigilant and maintain appropriate skepticism amidst this Kaito InfoFi Renaissance we have entered (from good thread - click to read in full):
-Defi was the best-performing sector of crypto in May, interestingly. h/t @DaanCrypto:
-Volumes on Binance Smart Chain and PancakeSwap are surging to extremely high levels, h/t @_dexuai:
-This contributed to May being the second highest month ever for dex volumes:
-Have been seeing renewed bullishness about $AVAX as of late, good example from @hmalviya9:
-Infinex airdrop for $KAITO-stakers coming up soon, h/t @TheDeFinvestor:
-Consensus in DC is stronger than ever that austerity will not be entertained as an option for dealing with the rapidly-spiraling sovereign debt issue:
-More and more interesting debate taking place about how AI will affect education, h/t @virtupo:
-New weekly macro overview from Joseph Wang @FedGuy12:
-New video just posted by the a16z YouTube channel of Chris Dixon and David George discussing crypto and AI:
-New interview with macro gigabrain Doomberg from Jeremy McKeown:
-New video from the @coinbureau channel about the famous “Bitcoin vs Global M2” chart:
-Parting wisdom from @Rightsideonly:
Conclusion
Have a good Sunday friends and rest up for the big week ahead of us!
And please RT/subscribe/etc if you found this valuable!
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Note
Huge things are happening with @vertex_protocol good degens!
They have massive rewards campaigns for traders going on currently…
Their omnichain liquidity system Vertex Edge is currently ranked #3 overall among all perps providers for 30-day perps volume on @DefiLlama…
They are doing an absolutely MASSIVE amount of $VRTX-buybacks…
And they just deployed to new L2 Katana as part of their goal to be on 25+ EVM chains by the end of 2025!
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!
And check out the new interview below of Vertex co-founder @DariusTabai from @SynopsisEvents!
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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.