The Daily Degen - June 3rd, 2025
All of today's news/data/alerts...
Happy Tuesday good degens! Nice wholesome day of green charts!
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: $3.48T
QQQ (Nasdaq 100): $526.85
Gold: $3,350.50
Oil (WTI): $63.71
US 10Y Treasury: 4.45%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
One of the most exciting advancements in defi right now is the upcoming “Yield Token” tech from @GammaSwapLabs…
Indeed, it seems clear at this point that yield tokens are set to be the most consequential new defi primitive of the year, and completely transform the entire on-chain landscape vis a vis dex’s and liquidity-provisioning…
“Hedge IL automatically…”
“Receive a spot-like token that accrues yield over time…”
“Yield tokens take the highest yield by category product (CLAMMs) and derisk it by hedging the IL automatically. Users retain replicated spot exposure with market leading yields. DEXs scale to new heights. Liquidity becomes composable again…”
This is going to radically advance the world of dex’s and on-chain liquidity and become an extremely important new defi lego, and we are hugely excited to be banging the drum about it, so make sure to click here to learn more now, and follow GammaSwap on Twitter for more updates!
Biggest TVL Movers + Other Interesting Data
Chains are mostly green today. Best-performing top 25 chain on the weekly is Unichain (#15) at +28.68%.
Protocols are also mostly green today. Best-performing top 25 protocol on the weekly is Ethena (#7) at +10.42%.
Here’s The Top 12 Best-Performing Chains By TVL On The Weekly With At Least $100M TVL: (from @DefiLlama):
Here’s The Top 12 Best-Performing Protocols By TVL On The Weekly With At Least $100M TVL: (from @DefiLlama):
Here’s The Top 10 Dex’s By 24 Hour 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!)
-11.49% APY on Avalanche AUSD strategy - managed by MNNC Group - with additional 5x Bonus Points - via Upshift (click here)
-30.00% APY on Injective USDT strategy - managed by MNNC Group - with additional 5x Bonus Points - via Upshift (click here)
-30.00% APY on Sylva concentrated liquidity strategy - managed by Sylva(dot)money - with additional 5x Bonus Points - via Upshift (click here)
-8.30% 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)
-16.22% APY on USDS on Yearn h/t DefiLlama research
-12.68% APY on GHO on Aave V3 h/t DefiLlama research
-10.39% APY on USDO++ on Usual h/t DefiLlama research
-9.96% APY on USDC on Stream Finance h/t DefiLlama research
-9.55% APY on USDC on Goldfinch 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 called @hyperlvg. Twitter bio states “10x your bag in 30 seconds”. Followed by 7 of our mutuals. h/t @AresLabs_xyz:
-Something new called @sapiencexyz. Twitter bio states “The world's frontier forecasting community.” Followed by 4 of our mutuals. h/t @AresLabs_xyz and @Michael_cloudyx:
Important News And Analysis
-Robinhood has completed its acquisition of Bitstamp, h/t morning news from @Tyler_Did_It:
-Macro liquidity situation improving? h/t @LDNCryptoClub:
-Infinex continues to rank #1 for mindshare among Kaito pre-TGE projects, as many Yap about it for a share of the very large rewards allocated by the project, h/t @DidiTrading:
-Metaplanet- the Japanese version of MicroStrategy- continues to make headlines, as the “Bitcoin Treasury Company” phenomenon ramps up:
-Coinbase is going to be listing $ENA/Ethena, which we are seeing more and more attention on as of late:
-Plume Network was the fastest-growing L1 in May, h/t @CryptoRank_io:
-Seeing lots of good debates about Bitcoin tech and the future of the Bitcoin blockchain itself, good example from @hasufl:
-Analysis continues of Circle IPO and BlackRock’s involvement in it, h/t interesting tweet from @TheOneAndOmsy:
-Is there no longer opportunity in the Solana trenches? Is the HyperEVM ecosystem a better bet for trench-maxxing? h/t @Grantblocmates:
-Sonic will not geofence Americans out of its airdrop, in a positive sign of the times, h/t @WuBlockchain:
-Legit valuable reminder that for opsec you can totally just buy a new Chromebook every few months, @TheMisterFrog:
-New video from @patfscott Dynamo Defi on farming the HyperEVM ecosystem:
-New livestream from @Unchained_pod:
-New episode of @Lightspeedpodhq featuring Kyle Samani and Chris Heaney:
-Parting thoughts from @thedefivillain:
Conclusion
Have a great Tuesday and stay alert out there friends!
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.