Happy Sunday friends! 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):
Gold: $2546.20
Oil (WTI): $76.63
US 10Y Treasury: 3.883%
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 16th, Vertex facilitated almost $1.8B in volume and generated over $200k in fees!
If you have not done so yet, make sure to access the 50+ 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 mostly green today. Top 30 chains green on all three timelines (daily, weekly, monthly) include Hyperliquid (#10), Sui (#14), Core (#27), and BSquared (#30).
Protocols are mostly green today as well. Top 50 protocols green on all three timelines (daily, weekly, monthly) include Symbiotic (#19), Jupiter (#29), Hyperliquid (#35), Mellow Protocol (#38), and Paxos Gold (#49).
Here’s The Top 12 Fastest-Growing Chains By TVL On The Weekly With At Least $1M TVL (from @DefiLlama):
Here’s The Top 12 Fastest-Growing Protocols By TVL On The Weekly With At Least $1M TVL (from @DefiLlama):
Here’s The Top 12 Entities By 24 Hour Revenue Generation (from @DefiLlama):
Here’s The Top 12 Chains By 7 Day Stablecoin Inflow % (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!)
-New project called @ResolvLabs. Twitter bio states “Trustless stablecoin and low-risk crypto investments backed by the True-Delta Neutral Architecture. Sharing DeFi expertise through data-driven market research.” Followed by 19 of our mutuals.
-Something new called @kliqapp_. Twitter bio states “instantly launch and trade token-gated communities on telegram”. Followed by 1 of our mutuals. h/t @twindoges:
-New project called @kittyswapxyz. Twitter bio states “Decentralized Exchange + Perpetual on @opnetbtc”. Followed by 2 of our mutuals. h/t @twindoges:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama ($1M+ TVL, 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)
-Gas fees still at historical lows on ETH Mainnet, h/t @NPC_68:
-Bitcoin-dominance continues rising, h/t @DaanCrypto:
-Despite poor price action and sentiments, on-chain dex volumes have stayed elevated this summer, h/t @Dynamo_Patrick:
-Defi attention/mindshare also trending up, h/t @Flowslikeosmo:
-Poor numbers on VC distributions in both tradfi and crypto, h/t @dunleavy89:
-Memecoin season has moved to the Tron blockchain, h/t @NPC_68:
-Interesting pumpdotfun stats from @Adam_Tehc:
-@tradewithPhoton generating lots of attention:
-BlackRock ETF’s now have higher AUM than Grayscale:
-Troubles continuing for US commercial real estate:
-Bullish sentiments from @iamDCinvestor:
-New interview with Coinbase founder Brian Armstrong from @MOZ_Podcast:
-Weekly macro overview from Joseph Wang @FedGuy12:
-New crypto/macro roundtable from @Blockworks_ featuring @qthomp and @fejau_inc:
-New @0xSteadyLads episode featuring @icebergy_:
-Parting wisdom from @0xkyle__:
Conclusion
Have a great Sunday and stay alert out there friends!
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.