Happy Sunday good frogs! Eventful times!
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: $3.17T
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
The bullish news keeps stacking up for our Official Sponsor @upshift_fi!
-Their Hyperbeat Ultra HYPE Vault (one of the best possible ways to get exposure to the HyperEVM ecosystem and its prospective airdrops right now!) has surpassed $55M TVL…
-They just rolled out a mega-bullish new integration with HyperEVM’s @Okto_wallet…
-They recently surged past $330M in TVL overall…
-And they continue to build alongside Pendle and Injective and Euler and numerous other great teams!
Visit the Upshift site to check out all the vaults they have available, make sure to follow them on Twitter for more updates, and check out the spaces below that Upshift co-founder @aya_kantor’s did recently with @ShiliangTang, @Nick_van_Eck, and @HadickM - containing all sorts of interesting alfa on the current state of defi + stablecoins + institutional investment + etc!
Biggest TVL Movers + Other Interesting Data
Chains are quite red today. Best-performing chains on the weekly with at least $10M TVL are Algorand, Worldchain, and Immutable zkEVM.
Protocols are quite green today. Fastest-growing protocols on the weekly with at least $50M TVL are multichain (EVM) yield aggregator Nucleus, uncategorized PulseChain protocol PulseX, and uncategorized Algorand protocol Folks Finance.
Here’s The Top 12 Chains By TVL: (from @DefiLlama):
Here’s The Top 12 Protocols By TVL: (from @DefiLlama):
Here’s The Top 10 Entities By 30 Day Fee Generation (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 @nectraxyz. Twitter bio states “Borrow nUSD with Bitcoin, instantly and securely. Permissionless, immutable, decentralized. Earn. Spend. Leverage. Accelerated by @CitreaOrigins”. Followed by 5 of our mutuals. h/t @AresLabs_xyz:
-Something new called @ziskvm. Twitter bio states “ZisK is an open-source ZK proving toolstack featuring a zkVM. It allows to build circuits in high level languages like rust.” Followed by 3 of our mutuals. h/t @AresLabs_xyz:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (single-exposure, no-IL, $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
-Crypto dips and all eyes are on the Iran situation as macro takes center stage, h/t @KobeissiLetter:
-While “oil prices could soar!” rhetoric is generating clicks, the smartest macro guys we follow are figuring out the best moment to start shorting it (we may do the same), h/t @WarrenPies:
-Was April/May a mechanical dead cat bounce for some alts and a period of organic overperformance for others? Lots of interesting thoughts from @thedefivillain:
-“Forget about the 4 year cycle” - more interesting thoughts from @thedefivillain:
-A question from @cobie on the best non-consensus 3-5 year holds in crypto right now generated massive discussion over the last 24 hours, example answer from @patfscott below but is well worth clicking on the original tweet and reading all the replies and other quote-tweets (lot of legitimately good answers):
-A couple of very public long-term $GRASS fans offered some constructive criticism to the project, h/t @alpha_pls and @picle_cRypto:
-Lots of gallows humor about both seed investments and $ETH lately on the TL - good tweet reflecting both from @Slappjakke below:
-Continued focus on airdrops amongst the hyper-locked-in, good example below from @NPC_68 referencing Hyperliquid, @hyperlendx, @Lighter_xyz, and @tradeparadex - all of which we see other very smart accounts referencing as well:
-Beyond the geopolitical chaos, the macro schedule for the week is relatively quiet, h/t @KobeissiLetter:
-Lots of interesting talk lately about how the rise of LLM’s and the (partial?) death of search engines will affect the internet… good example below from @gregisenberg (note: we disagree with at least half these but think its a great thought-provoking example of the discussion in question):
-Another great weekly airdrop thread full of checkers and links and etc from @Earndrop_io c/o @OlimpioCrypto:
-New Laura Shin interview with Jesse Pollak from Coinbase:
-New interview with macro gigabrain Doomberg (published yesterday):
-New @coinbureau channel video discussing some of the major defi coins:
-Important reminder that despite the dip in prices today, there are a host of reasons to be bullish, the entire crypto market cap is still smaller than some individual stocks, and the majority of investors do not even have exposure to it yet, h/t @NateGeraci:
Conclusion
Happy Sunday friends! Stay alert out there!
And please RT/subscribe/etc if you found this valuable!
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Note
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 QT’d by the great @ahboyash, 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!
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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.