Happy Thursday and Happy $110k Bitcoin good degens!
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: $3.62T
QQQ (Nasdaq 100): $514.10
Gold: $3,300.50
Oil (WTI): $60.94
US 10Y Treasury: 4.589%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
More bullish news from our friends at @Mantle_Official!
First… $mETH is now the first liquid staking token to be held on a public company’s balance sheet! Republic Technologies- the Ethereum treasury of Beyond Medical Technologies Inc -has converted a substantial portion of its ETH into mETH via Mantle’s mETH Protocol! (see tweet below for more info!)
Secondly… the second phase of @Bybit_Official's “Megadrop” is here (May 20 - 25), which allows users to stake their $MNT for huge rewards!
The last “Megadrop” with $OBOL ended up with a 190% APY(!), and this one is for a new unlaunched token called $ELDE and is generating even bigger excitement!
Just stake your $MNT and earn the fixed yield + airdrop!
We are very proud to be helping bang the drum about everything Mantle is doing, so make sure to follow them on Twitter and stay tuned for more updates!
Biggest TVL Movers + Other Interesting Data
Chains are quite green today. Biggest gainer on the weekly among top 25 chains is BSquared (#20) at +28.41%.
Protocols are also quite green today. Biggest gainer on the weekly among top 25 protocols is Babylon Protocol (#8) at +12.23%.
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 Entities By 24 Hour Revenue Generation (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!)
-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)
-12.17% APY on USDO++ on Usual h/t DefiLlama research
-12.07% APY on GHO on Aave V3 h/t DefiLlama research
-10.28% APY on USDC on Tokemak 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!)
-New project called @frameworkzero. Twitter bio states “The Framework for the Post-Labor Economy”. Followed by 7 of our mutuals. h/t @AresLabs_xyz:
-New project called @aivai_xyz. Twitter bio states “The Autonomous Interface Layer. AI that Builds UI and Acts for You.” Followed by 8 of our mutuals. h/t @AresLabs_xyz:
Important News And Analysis
-Bitcoin has flipped Amazon to become the 5th largest asset on earth, h/t morning news from @Tyler_Did_It:
-An exploit of @CetusProtocol on Sui is dominating headlines this morning as well, h/t @alpha_pls:
-Funding levels still quite sober considering we just pushed through new $BTC ATH’s, h/t @krugermacro:
-Long-duration bonds are crashing (ie yields rising) in virtually every major economy right now including the US, h/t @zerohedge:
-Kraken is apparently launching tokenized stock trading, h/t @crypto_condom and @De1taone:
-Rabby wallet will be sunsetting its integration with Firefox (but still available on Chrome and Brave):
-Infinit, Infinex, Liquity, and other projects all making headlines, h/t @TheDeFinvestor:
-@cookiedotfun still generating lots of discussion today, h/t example from @mattdotfi:
-A number of defi tokens among major alts outperforming $BTC in last seven days, h/t @CryptoKoryo:
-Seeing lots of excitement around new tokenless ETH L2 MegaETH and its ecosystem, h/t @DidiTrading and @redhairshanks86 (click to read in full):
-@humafinance also getting more and more attention on the TL, h/t @sandraaleow:
-“In the age of AI, the value shifts upstream to those who can frame the problem before AI touches it, to those who know what ‘good’ looks like when everyone can create, to those who can lead others through noise, not just generate more of it.” - interesting thoughts on how AI will impact the global economy from @NickD2C:
-New NFA Live livestream (just aired an hour ago):
-New video on yield farming from @patfscott Dynamo Defi:
-New episode of the 1000X Podcast:
-“…at least do your best to build something interesting that helps people” - parting wisdom from @goodalexander:
Conclusion
Happy $BTC ATH’s good frogs! Stay hypervigilant out there!
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.