Happy Saturday good degens!
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: $3.32T
QQQ (Nasdaq 100): $526.83
Gold: $3,367.09
Oil (WTI): $73.84
US 10Y Treasury: 4.377%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Extremely cool new update from @Mantle_Official, who just introduced ‘UR’ aka @URNeobank!
UR is “crypto neobank that helps users spend, save and more across both fiat and crypto finances in one account…”
As detailed in their introductory article:
“Users can open Swiss IBAN accounts supporting EUR, CHF, USD, and RMB, and spend through their Mastercard debit card, which can be added to Apple Pay, Google Pay and more….
At launch, UR supports fund transfers via both traditional rails such as SWIFT, SEPA, and SIC, and crypto networks Ethereum and Arbitrum to offer seamless on- and off-ramps between fiat and digital assets. More supported networks will be added next.
As we embark on this new journey, early contributors will gain access to UR in the initial phase from June 19, 2025, with public access available in Q3 2025 to users from more than 40 selected countries.”
Learn more about UR in the thread below, make sure to follow the new @URNeobank account for updates on the full rollout, and stay tuned as we keep banging the drum about everything Mantle is shipping!
Biggest TVL Movers + Other Interesting Data
Chains are quite red today. Top 50 chains up at least 30% on the monthly include Hyperliquid L1 (#9), Unichain (#13), and Goat (#40).
Protocols are also quite red. Top 100 protocols up at least 30% on the monthly include Veda (#13), Maple Finance (#28), Euler DAO (#38), Liquid Collective (#58), Threshold Network (#63), Re7 Labs (#68), Yearn (#78), Quickswap (#90), M0 (#96), and Felix (#98).
Here’s The Top 12 Best-Performing Chains By TVL On The Weekly With At Least $1M TVL: (from @DefiLlama):
Here’s The Top 12 Best-Performing Protocols By TVL On The Weekly With At Least $1M TVL: (from @DefiLlama):
Here’s The Top 10 Entities By 30 Day 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!)
-25.00% 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)
-14.06% APY on USDS on Yearn h/t DefiLlama research
-11.35% APY on USDC on Stream Finance h/t DefiLlama research
-10.07% APY on XUSDC on Multipli(dot)fi h/t DefiLlama research
-9.55% APY on USDC on Goldfinch h/t DefiLlama research
-8.73% 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/newish called @polycule_bot. Twitter bio states “Trade Polymarket events on telegram.” Followed by 39 of our mutuals. h/t @0xGeeGee:
-New project called @opt_fun has been added to @DefiLlama, categorized as a derivatives protocol on Hyperliquid L1. Twitter bio states “Trade with 1000x leverage for 1 minute on @HyperliquidX EVM 🧠 Powered by onchain options 📈” Followed by 10 of our mutuals. h/t @unhedged21:
-New project called @UnitasLabs has been added to @DefiLlama, categorized as a basis trade protocol on Solana. Twitter bio states “Twitter bio states “USDu — a yield-bearing, delta-neutral stablecoin on Solana.” Followed by 1 of our mutuals.”
Important News And Analysis
-Circle continues to dominate discussions on the TL, with many takes to the effect that its valuation is getting a little rich, example below c/o @MikeSilagadze:
-It also appears that few if any on-chain crypto natives managed to get exposure to Circle before it started its (basically instantaneous) run upwards, h/t @alpha_pls:
-Following story re: Reddit and Worldcoin is generating massive attention today, h/t @DegenerateNews:
-@0xfoobar released a new article very critical of new GambleFi platform luck(dot)io that generated a lot of attention over the last week:
-Trump continues to rage at Jerome Powell, and it looks increasingly clear Trump is determined to get rates way down in one way or another over the next year:
-Looking more and more likely we will have a host of crypto ETF’s in the medium-term future, h/t @JSeyff:
-Seeing continued bullishness about Pendle all over the TL as optimism over defi tokens ramps up, great example from excellent thread by @CryptoRick98 (click to read in full):
-Speculation over upcoming Robinhood crypto announcement, h/t @ayyyeandy:
-Very interesting investment thesis on the stock Intel/$INTC from @crypto_condom and @EdgeCGroup (click to find full article in tweet being quote-tweeted by @cyrpto_condom):
-Another great long-form piece from @0xGeeGee, containing skepticism about the current Circle valuation but bullish thoughts on $MKR+$PENDLE as manifestations of the stablecoin trade, discussion of Ethos Validator NFT’s, excitement re: $CAKE+$GNS metrics, $AERO/$VELO thoughts, and bearishness re: $S+$ADA (click to read in full!):
-Is “sign value’ the dominant valuation variable in today’s markets? And is this why Circle is pumping so hard? h/t interesting thoughts from @goodalexander:
-New @Unchained_pod discussion featuring Jeff from Hyperliquid:
-New roundtable featuring @fejau_inc, @qthomp, and @FedGuy12:
-New crypto/macro livestream from @noahseidman (aired yesterday):
-New roundup from @BanklessHQ:
-“You have NO idea what the future holds, you have no idea when your unique quirks will be invaluable to the world. Don't throw away your spark…” - legitimately good parting advice from @AutismCapital:
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 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.