The Daily Degen - August 15th, 2022
Well it is the ides of August dear frogs - time to see if this rally has legs or not :)
Stats/alerts/etc at top and news/events/links at bottom as always!
Market Update
Overall crypto market cap: -2.3% to $1.21T.
$BTC: -1.5% to $24,309.56, and a market cap of $464.8B.
$ETH: -4.5% to $1,909.78, and a market cap of $229.4B.
Gold: $1,792.20
Oil (WTI): $88.03
Stocks: N/A
More Crypto:
Biggest Price Movers
(From @coingecko top 500)
Up:
-Civic $CVC +27.6%
-Talken $TALK +24.7%
-Xmon $XMON +22.5%
Down:
-Dejitaru Tsuka $TSUKA -24.1%
-GXChain $GXC -22.1%
-Ampleforth $AMPL -21.6%
Biggest TVL Movers
For chains, Polygon is once again in the lead TVL-wise. It is the only top 25 chain in the green on the daily, as well as the biggest weekly gainer among the top 25.
For protocols, 97 of the top 100 are red on the daily. Previous climber Arrakis (#12) seems to have slowed its upward trajectory, down 14% on the weekly. VVS Finance (#19) also had a rough week at -11%. As did Tornado Cash (#29) - for obvious reasons- which is down 15% on the weekly.
Here’s The Top 12 Chains By TVL (from @defillama):
Here’s The Top 12 Protocols By TVL (from @defillama - note: there was some data glitch when taking screenshot so ignore Ellipsis Finance being in the top spot, that has now been fixed):
Other Data Points
Bitcoin Fear/Greed Index:
(from @BitcoinFear - note: for some reason there hasn’t been a new one posted since August 13th, so including that one again)
Ethereum Fear/Greed Index:
(from @EthereumFear - note: for some reason there hasn’t been a new one posted since August 13th, so including that one again)
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 AMM on Evmos called @evmoswap has been added to @debankdefi.
-Another new “NFT marketplace” building on Aptos called @TopazMarket.
Rug Pulls/Exploits/De-Peggings/Liquidation Alerts
-@certiKAlert issued alerts regarding rugpulls on $PKR and $FIO and $GO, and hacked Discord of @BadApePirates.
-@Wallet_Guard released an alert on a fake airdrop of “$SEA token” pretending to be associated with OpenSea.
-@Wallet_Guard also released a special security alert re: Zoom:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @defillama ($1M+ tvl and no-IL and single-exposure only) and @stable_fish - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Other News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-A long dormant ETH whale is moving funds that have sat still ever since ETH’s inception:
-Do Kwon has done his first interview since the crash of Luna/UST:
-Today is the 51st anniversary of Nixon severing the last vestiges of the gold standard in the US:
-@fraxfinance is adding a number of new products, including (apparently) Lido-style ETH-staking:
-Fantom may be lowering staking/validator rewards in order to reduce emissions (h/t to @Fantom_Intern for bringing this to our attention - here’s a thread from him on the subject below):
-China cuts interest rates:
-CDP stablecoin protocol @vestafinance is apparently adding a leveraged trading integration:
-Stonks update:
-Bullish thoughts on Liquity/$LUSD from noted gigabrain @korpi87:
Conclusion
See you tomorrow frens!
Please RT/share/etc if you found this helpful :)
Spotlight
-Again, we’re helping a new RWA (productive farmland) focused protocol called LandX Finance build some awareness of their impending Q4 launch. Here’s an article they recently published that sheds some more light on what they’re doing!