Happy Sunday friends! Markets are quiet but lots of extremely bullish stuff is 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: $3.42T
QQQ (Nasdaq 100): $548.09
Gold: $3,272.79
Oil (WTI): $65.52
US 10Y Treasury: 4.275%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Take note good frogs! Brand new L2 @katana goes live tomorrow June 30th, and @vertex_protocol will be the preeminent perps dex on it!
This marks the newest chain Vertex has expanded to, on their journey/goal of being on 25+ EVM chains!
Learn more about their deployment to Katana below, and check out the great @AleaResearch and @FundedCrypto thread below that full of updated analysis of Vertex!
And make sure 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!
Biggest TVL Movers + Other Interesting Data
Chains are quite green today. Fastest-growing chains on the weekly with at least $50M TVL are Plume Mainnet, Sei, and Pulsechain.
Protocols are also quite green today. Fastest-growing protocols on the weekly with at least $50M TVL are PulseX, River, USDD, SiloStake, and Solayer.
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 24 Hour Fee Generation (from @DefiLlama):
Here’s The Top 10 Chains By 7 Day Stablecoin Inflow % (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)
-15.00% 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)
-11.84% APY on USDS on Yearn h/t DefiLlama research
-11.00% APY on USDC on Stream Finance h/t DefiLlama research
-10.07% APY on SUSDE on Echelon Market (on Aptos) h/t DefiLlama research
-9.03% APY on USDC on Goldfinch h/t DefiLlama research
-8.13% 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!)
-New project called @strata_money. Twitter bio states “Structured yields on @Ethena_Labs, powered by USDe and the Internet Native Yield.” Followed by 3 of our mutuals. h/t @AresLabs_xyz:
-New project called @TheRigLST has been added to @DefiLlama, categorized as a liquid-staking protocol on Fuel Ignition chain. Twitter bio states “Liquid staking for Fuel. Stake your assets, earn rewards, and stay liquid.” Followed by 2 of our mutuals.
Important News And Analysis
-The Altcoin Season Index is in goblintown (around 15-20 depending on how you measure it)… but within the altcoin space defi has been outperforming… does this represent a new paradigm where defi is seeing a permanent change in relative valuation? Or is now the time to rotate into memecoins? Or are both about to explode even higher? h/t @DaanCrypto:
-Bybit’s Solana-based dex Byreal is launching soon, as well as this Arbitrum-centered project @yapyo_arb that is generating so much debate, h/t @TheDeFinvestor:
-Bond volatility has fallen to noteworthy levels (typically bullish for risk assets), h/t @noahseidman:
-Quite a few noteworthy projects now with post-TGE Yapperboards on Kaito, h/t @Slappjakke:
-Some type of situation with LeverFi is generating attention over the last 24 hours, h/t @WuBlockchain:
-What are the most investable tokens right now? Thoughts from @litocoen:
-Have seen praise for @JupiterExchange from several smart individuals we respect lately, good example below from @DeFi_Made_Here:
-Is it healthy that blockspace fees are trending to zero over time? Interesting thoughts from @ayyyeandy:
-Macro setup looking quite bullish, h/t @KyleReidhead:
-Very thorough HyperEVM airdrop guide from @katexbt (click to read full thread):
-New weekly macro overview from Joseph Wang @FedGuy12:
-New @patfscott video on RateX as part of his Solana ‘Defi 101’ series:
-“…trivialities no longer constrain me” -parting thoughts on AI from @BackTheBunny:
Conclusion
Happy Sunday friends! Rest up for the big week ahead! :)
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.