Happy Sunday friends! 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):
Gold: $2470.60
Oil (WTI): $76.64
US 10Y Treasury: 3.94%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Volatility like we have seen as of late is a huge boon for perp dex’s, and @vertex_protocol’s custom crosschain-liquidity system ‘Edge’ @EdgeLayer is absolutely killing it in this regard!
Not only is Vertex rewarding liquidity providers, they are also providing significant ‘RealYield’ to $VRTX-stakers - all paid out in $USDC!
As seen in the tweet below, for the week ending August 9th, Vertex facilitated almost $2.5B in volume and generated over $300k in fees!
If you have not done so yet, make sure to access the 40+ perps and spot-markets + the above-noted yield opportunities now at app.vertexprotocol.com! And make sure to follow them on Twitter for more updates!
Biggest TVL Movers + Else
Chains are slightly green today. Fastest-growing chains on the weekly with at least $50M TVL are Fantom, Sui, and BSquared.
Protocols are slightly green as well. Fastest-growing protocols on the weekly with at least $50M TVL are Suilend, Beethoven X, Buzz Farming, NAVI Protocol, and Aftermath Finance.
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 Entities By 24 Hour Fee Generation (from @DefiLlama):
Here’s The Top 12 Dex’s By 7 Day Volume (from @DefiLlama):
Bitcoin Fear/Greed Index:
(from @BitcoinFear)
Top Trending Tokens
(from @dexscreener - 24 hour timeframe)
New Projects
(note: this includes new projects we find through combing Twitter each day, and we also include or re-include every newly launched protocol added by @DefiLlama that has at least some TVL or is followed by at least some of our mutuals - hence disclaimer: these are not pre-vetted by us so make sure to DYOR!)
-Something new called @locknessdotxyz. Twitter bio states “Building The Biggest Decentralized Data Protocol”. Followed by 3 of our mutuals. h/t @twindoges:
-New project called @loot_markets. Twitter bio states “Permissionless Meme Culture is Coming Soon to EVM.” Followed by 4 of our mutuals. h/t @twindoges:
-Something new called @gmonfun. Twitter bio states “Enabling nads to launch coins within seconds. Backed by @berzanorg”. Followed by 7 of our mutuals. h/t @AresLabs_xyz:
-A new SoFi project on TON called @balus_official has been added to @DefiLlama. Twitter bio states “Create, Share, and Trade Content in One Stop 🚏...” Followed by 1 of our mutuals.
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama ($1M+ TVL only, single-exposure, no-IL only) - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Security Alerts
-No security alerts today.
Important News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-Our beloved brypto markets a bit quiet at the moment, h/t @_zkmike:
-Following story re: MakerDAO and WBTC generating much attention, h/t @0xngmi:
-Interesting stats on pumpdotfun, h/t @Adam_Tehc:
-Are we reaching the top re: Bitcoin dominance? h/t @MikybullCrypto:
-The Celsius clawback story continues to generate attention:
-Re: crypto fundraising, there was a 2.5% increase in invested capital in Q2, but a 12.5% decline in the total number of deals, h/t @LDNCryptoClub:
-Additional ticker alfa c/o @TheDeFinvestor:
-Some interesting L2 stats from @NPC_68:
-Comments from Kamala Harris on Fed independence:
-Interesting story on the regulatory arbitrage front, h/t @TheEylon and @0xShuel:
-Wise thoughts from tradfi world equally if not more applicable to crypto:
-Weekly macro overview from Joseph Wang @FedGuy12:
-New interview on Solana with @0xMert from @lightspeedpodhq:
-New @coinbureau video on the latest Coinbase earnings report:
-New crypto/macro discussion from @fejau_inc and @qthomp via @Blockworks_:
-Parting wisdom from @Axilo:
Conclusion
Happy Sunday good degens! Stay alert out there! The bull market shall resume soon :)
And please RT/subscribe/etc if you found this valuable!
-
-
-
-
***Note On Material: The ‘Spotlight’ and ‘Note’ sections and info on our Official Monthly 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.