Happy Monday friends! Big week ahead of us!!!
Stats/alerts/etc at top and tweets/news/links/videos/etc at bottom as always!
NOTE: The Twitter/Substack tweet-embedding function still appears to be broken, so we have screenshotted and hyperlinked them :)
Market Update
Crypto (from @TickerTop and @cryptobubbles24):
Gold: $1,940.90
Oil (WTI): $73.44
Stocks: N/A
Biggest Price Movers
(From @coingecko top 1000)
Spotlight
Big news degens! @Equilibriafi is launching on ETH Mainnet and Arbitrum tomorrow, June 6th!
As recap, Equilibria is an LSD governance aggregator, primarily focused right now on @Pendle_fi and the #PendleWars, that we’ve been helping raise awareness about as of late…
The Chads at Equilibria are aiming to become the main on-chain LSD governance aggregator long-term, so if you are bullish on LSD-oriented protocols then make sure to click the below thread to get all the info on their launch!
Biggest TVL Movers + Else
Chains are mixed today. Only top 30 chains green on the monthly are Kava (#12), Cardano (#15), zkSync Era (#18), and Ronin (#23).
Protocols are mixed today as well. Top 100 protocols up by at least 40% on the monthly include Lybra Finance (#42), Sashimiswap (#74), SyncSwap (#95), Kava Earn (#96), and Kava Liquid (#97).
Here’s The Top 12 Chains By TVL (from @DefiLlama):
Here’s The Top 12 Protocols By TVL (from @DefiLlama):
Here’s The Top 12 Chains By 7 Day Stablecoin Inflow % (from @DefiLlama):
Other Data Points
Bitcoin Fear/Greed Index:
(from @BitcoinFear)
Ethereum Fear And Greed Index
(from @EthereumFear):
Crypto Volatility Index
(from @CVIdaily)
Fee Generation:
(from cryptofees(dot)info)
New Protocols
(note: this includes new defi protocols we find through combing Twitter each day, and we also include every (newly launched) protocol added by @DefiLlama - hence disclaimer: these are not pre-vetted by us so make sure to DYOR!)
-Something new called @creditprotocol. Twitter bio states “Fixed Rate, Isolated & Oracle-Free Asset-Markets without Volatility-Induced Liquidations. Disrupt Paradigms in Borrowing and Beyond with $CREDIT”.
-Something new on Arbitrum called @UrDEX_Finance. Twitter bio states “A non-custodial, Perpetual Decentralized Exchange on the #Arbitrum Chain 🚀”.
-A new L1 called @ZenonNetwork. Twitter bio states “A fast, secure, scalable & feeless L1 network with a progressive decentralization path modeled by the values and ethos of Bitcoin.” h/t @AresLabs_xyz:
-Something new called @Torus_xyz. Twitter bio states “Omnichain @CurveFinance Omnipools. $TOR pioneers the ETH Omnipool on Ethereum Mainnet. @root_genesis Labs. Powered by @layerzero_labs.” h/t @AresLabs_xyz:
-New options protocol(?) called @oxdxyz. Twitter bio states “Multichain Options Marketplace”. h/t @AresLabs_xyz:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (all types, minimum $5M+ TVL) and @stable_fish - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Other News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-Key upcoming dates, h/t @coingecko:
-Saudi Arabia to cut oil production in July to fight back against low oil prices:
-@rocket_pool’s TVL has grown by 16% over the last month, h/t @Flowslikeosmo:
-$crvUSD ‘debt ceiling’ being raised, h/t @0xCha0s:
-Bearish sentiments on impact of US government debt ceiling resolution, from @DeFiSurfer808:
-$SOL new ‘cursed coin’? h/t @Awawat_Trades:
-ETH gas fees at two month low as quiet bear market crabs along, h/t @ViktorDefi:
-Chatter on TL about CZ potentially replacing himself with new CEO, h/t @NorthRockLP:
-Interesting macro chart re: Brazil:
-Newest TA from Benjamin Cowen @intocryptoverse:
-New macro interview with Hugh Hendry from Milkshakes Markets Madness:
-Cycle analysis from @Pentosh1:
-Parting wisdom from @Route2Fi:
Conclusion
Happy Monday and stay alert out there kings!
And please RT/subscribe/etc if you found this valuable! :)
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Note
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***Note On Material: The ‘Spotlight’ and ‘Note’ sections 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.