Happy Sunday 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: $3.44T
QQQ (Nasdaq 100): $529.92
Gold: $3,307.37
Oil (WTI): $64.58
US 10Y Treasury: 4.506%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Very cool new announcement from our Official Sponsor @upshift_fi!
It is called the ‘Upshift Yield Committee’…
It is a new initiative that will allow yield enthusiasts to earn Upshift Points via posting analysis and education on Twitter!
All the details are in the thread below, but it is a very cool opportunity you should look at if you are interested in providing valuable educational content related to yield-maxxing, Upshift, etc - and would like to earn Upshift Points and other benefits!
Make sure to learn more in the thread below, follow Upshift on Twitter for more updates, and visit their site to access all the exquisite yields they have available!
AND! Make sure to check out co-founder @aya_kantor’s new interview with @DeFi_Dad and @Nomaticcap embedded below that!
Biggest TVL Movers + Other Interesting Data
Chains are mixed today. Best-performing top 50 chain on the weekly is Stellar (#42) at +42.98%.
Protocols are also mixed today. Best-performing top 50 protocol on the weekly is Zircuit Staking (#50) at +24.05%.
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 $1M TVL: (from @DefiLlama):
Here’s The Top 10 Entities By 24 Hour Token-Holders’ Revenue (from @DefiLlama):
Bitcoin Fear/Greed Index:
(from @BitcoinFear)
New Projects
(note: this includes new projects we find through combing Twitter each day and going through newly launched protocols added by @DefiLlama, limited primarily to new projects that have at least some TVL or are followed by at least some of our mutuals… Disclaimer: these are not pre-vetted by us so make sure to DYOR!)
-New project called @HydrexFi. Twitter bio states “Base's Frictionless Liquidity Hub”. Followed by 3 of our mutuals. h/t @AresLabs_xyz:
-Something new called @MyntUSD. Twitter bio states “Reinventing money with verifiable yield. Powered by @SuccinctLabs, built for high-throughput chains like @monad_xyz”. Followed by 9 of our mutuals. h/t @AresLabs_xyz:
-Something new/newish we apparently haven’t highlighted before called @LiquidLaunchHL. Twitter bio states “$LIQD | Hyperliquid's first native ERC20 token fair launch platform and multi-market DEX aggregator on the HyperEVM”. Followed by 98 of our mutuals. h/t @leakmealpha:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (all types, $25M+ TVL only) - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Important News And Analysis
-Major macro focus of the day is on reports that Elon Musk and Treasury Secretary Scott Bessent apparently got in a physical altercation in the White House a few weeks ago:
-$HOME token from @defidotapp coming on June 10th, Sonic airdrop coming soon, and more, h/t @TheDeFinvestor:
-@PlasmaFDN ICO goes live tomorrow, h/t @DidiTrading:
-Tether, Hyperliquid, and PumpFun are all generating over $40M per year per employee, h/t @dunleavy89:
-$HOOD/Robinhood has massively outperformed $COIN/Coinbase so far this year, h/t @tokenterminal:
-Nansen points continuing to generate attention in airdrop circles, good reminder and link to guide on the subject from @kenodnb:
-Do most successful crypto innovations start off as kind of illegal? thought-provoking tweet from @realitywarp:
-Bullish thoughts on Euler and Aave and tons of other observations from massive post from @0xGeeGee (well worth reading):
-Tweet we find funny showing that even on gold/silver twitter there are hopium-fueled degens “jeet-shaming” sellers:
-Weekly airdrop thread from @Earndrop_io c/o @OlimpioCrypto (massive thread of links to all the airdrops you might have missed and other stuff to be aware of):
-“This isn’t Weimar [but it is] a recalibration of the debt to GDP denominator at the bondholder’s expense” - @onechancefreedm, with interesting thoughts c/o quote-tweet of @LukeGromen tweet we highlighted yesterday:
-New video from @KryptoCove on the top airdrops he is currently farming:
-New video on $HYPE/Hyperliquid from @patfscott Dynamo Defi:
-New video on everything Solana from @0xMert_ and @_ryanconnor:
-“I have a hunch we’re in the era where a few on chain crypto startups will go on to become household names.” - parting wisdom from @lmrankhan:
Conclusion
Have a great Sunday good frogs and rest up for the week ahead!
And please RT/subscribe/etc if you found this valuable!
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Note
Two massive stories from the team at @maplefinance!
One: They just hit $2B in TVL/AUM! (an absolutely explosive journey from under $500M just several months ago…)
Two: They just expanded $syrupUSDC to Solana! (check out @KaminoFinance for some insanely high yields on it!)
These are just the latest pieces of bullish news on top of their platform rebrand, their new partnership with Cantor, and much more!
Make sure to follow Maple on Twitter for more updates, and stay tuned as we continue to shine a light on everything they are doing!
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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.