Happy Friday! Unfortunate news about this Tornado Cash dev… lots of interesting stuff going on in the markets though…
Stats/alerts/etc at top and news/events/links at bottom as always!
PS The Daily Degen is releasing the first of what will be weekly interviews with various on-chain gigabrains in a couple hours - in this case with the eminent @phtevenstrong The Calculator Guy - so keep your eyes open for that! :)
Market Update
Overall crypto market cap: -2.6% to $1.19T.
$BTC: -3.9% to $23,851.88, and a market cap of $456.0B.
$ETH: -1.8% to $1,887.25, and a market cap of $226.6B.
Gold: $1,802.20
Oil (WTI): $93.04
Stocks:
More Crypto:
Biggest Price Movers
(From @coingecko top 500)
Up:
-Energy Web $EWT +42.3%
-Blox $CDT +37.9%
-Railgun $RAIL +21.7%
Down:
-Dopex Rebate Token $RDPX -18.1%
-Injective $INJ -16.9%
-Golem $GLM -16.8%
Spotlight
LandX is an interesting new RWA-focused protocol that will be launching an entirely unique addition to on-chain defi with their Perpetual Commodity Bonds (focused on productive farmland). We’re partnering with them to help spread the word about their upcoming Q4 launch on ETH Mainnet. Here’s a link to their newest Medium article:
Biggest TVL Movers
Chains are mostly red on the daily. L2 season seems to be in high swing, with Optimism (#8) up over 300% on the monthly and Arbitrum (#9) up over 50% on the monthly.
Protocols are mostly red on the daily as well. Biggest gainer among top 50 protocols this week was Benqi Finance (#30) up 15%. Biggest loser was Stargate (#28) at -12%.
Here’s The Top 12 Chains By TVL (from @defillama):
Here’s The Top 12 Protocols By TVL (from @defillama):
Other Data Points
Bitcoin Fear/Greed Index:
(from @BitcoinFear)
Ethereum Fear/Greed Index:
(from @EthereumFear)
New Protocols
(note: this is checked via a variety of sources (listed below when used) and general Twitter research - note: this excludes Tomb forks and reflection tokens and tries to only include at least semi-legitimate defi-oriented stuff, but DYOR)
-New protocol called @Sirius_Finance doing its presale. Twitter bio states “The First Cross-chain Stablecoin AMM & LP Farming Center on @Polkadot & @AstarNetwork”. (h/t @ApeOClock)
-New BSC dex called @Bridgeswap_Dex. Twitter bio states “…Trade fee 0.25% return to LP provider more than any DEX… 10% from friends' yield… Farm, Stake, Refer, Win, Earn”. (h/t @ApeOClock)
-New launch on Aurora of a protocol called @nex_market. Twitter bio states it is a “… Next Generation Perpetual Exchange… The first decentralized on-chain perpetual and spot exchange on @auroraisnear”.
-Airdrop opportunity for Cosmos fans via @SourceProtocol_:
Rug Pulls/Exploits/De-Peggings/Liquidation Alerts
-@certiKAlert issued alerts regarding rugpulls on $BNBGrow and ‘Gold Social’ $GSG, and an exit scam on $ATR.
-@andehxbt released a thread warning about a popular scam that’s been running lately:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @defillama ($1M+ tvl and no-IL and single-exposure only) 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)
-A Tornado Cash dev has been arrested in the Netherlands:
-Ethereum merge should take place around September 15th-16th:
-@0xroboroscap posted some @convexfinance alpha:
-Maker founder @runekek caused quite a stir on Twitter via some posts in the @makerdao governance forums:
-Crypto firm Maven 11 launching $40M pool on under-collateralized lending platform @MapleFinance:
-EVM chains continue to dominate:
-Stonks update:
-@fraxfinance founder @samkazemian was interviewed by @blockworksres (there’s no sound the first little bit so skip ahead a couple times at start):
Conclusion
See you tomorrow friends!
And thanks for reading - we appreciate ya!