Greetings frens! Big dips today! Start of bigger move down or opportunity to buy?!?
Stats/alerts/etc at top and news/events/links at bottom as always!
Market Update
Overall crypto market cap: -8.3% to $1.08T.
$BTC: -8.7% to $21,533.24, and a market cap of $411.8B.
$ETH: -9.6% to $1,702.23, and a market cap of $204.5B.
Gold: $1,763.30
Oil (WTI): $88.63
Stocks:
More Crypto:
Biggest Price Movers
(From @coingecko top 500)
Up:
-Stargate Finance $STG +107.4%
-Efforce $WAZX +26.1%
-TempleDAO $TEMPLE +14.2%
Down:
-TracerDAO $TCR -36.6%
-GXChain $GXC -30.2%
-Catecoin $CATE -22.7%
Spotlight
@landxfinance is doing a Twitter spaces with @KlimaDAO in a couple hours (11am EST/3pm UTC), where you can gain Early Access passes for attending/asking questions. Again, LandX is a really interesting RWA (productive farmland) protocol who we’re partnering with to spread awareness re: their upcoming Q4 launch.
Biggest TVL Movers
24 of the top 25 chains are red on the daily, only exception Gnosis (#17) at +0.13%. Polygon (#4) is up 22% on the weekly, while Cronos (#7) is down 22%, and Optimism (#9) is down 23%. Arbitrum has now overtaken optimism for the #8 spot by TVL.
Protocols are also super red today and on the weekly. Some exceptions… MM Finance is registering a 398% gain on the weekly and has moved to spot #19, although its possible that’s a reporting error. Euler (#47) is another rare green spot on the weekly, up 3%. Serum is now in spot #50 with a 78% gain on the weekly. Basically everything else in the top 100 is red on the weekly.
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)
-A new protocol called @dolvenlabs is live on testnet. Twitter bio states “Dolven Labs is a DAO Based Ecosystem Catalyst for projects built on the #Starknet.”
-New Dogechain amm called @OrangeSwap1. Twitter bio states “The First AMM DEX with IDO launchpad and Defi lending on Dogechain”. (h/t @ApeOClock)
-A new Dogechain OHM-fork called @VetProtocolIDC just tweeted its stealth launch announcement.
-A new staking protocol has been added to @debankdefi called @IcosaCrypto. Twitter bio states “Hedron (HDRN) staking is here!”. It apparently is somehow connected to Hex(?)
-A new protocol called @Brisepadco has been added to @defillama. Twitter bio states “Launchpad on @britgertbrise… We help fuel the future of mass-market blockchain applications building on #brisechain.”
-A similar new protocol has also been added to @defillama, called @icecream_swap. Twitter bio states “The first Swap on the Bitgert (Brise) Blockchain.”
-A new protocol called @muffin_fi is working towards its mainnet launch. Twitter bio states “AMM with concentrated liquidity + multiple fee tiers per pool + limit range orders. Mainnet soon.”
-A new protocol called @Mellowprotocol is also working towards mainnet launch. Twitter bio states “Exploring the depths of math on LPing, AMMs and trading strategies.”
-A new privacy protocol/mixer called @voidcasherc has launched:
-A new protocol called @mavprotocol is working towards its launch. Twitter bio states “Maverick brings open, transparent, and efficient markets to everyone. Trade. Stake. Any asset. Powered by Maverick AMM.”
Rug Pulls/Exploits/De-Peggings/Liquidation Alerts
-@certiKAlert issued alerts regarding a flash-crash on $RPO and on $INJ (though not the regular $INJ - some copy or similar named token on Polygon).
-@korpi87 released a thread about a sophisticated wallet-draining attack to be wary of:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @defillama ($1M+ tvl and no-IL 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)
-As noted at start, big down day in markets:
-Stablecoin $DEI has been redeployed and is fully pegged:
-@GainsNetwork_io has released its much-anticipated single-sided $GNS staking:
-@fraxfinance’s $fxsETH has been released, and its other coming developments are generating discussion on Twitter:
-Adoption in Brazil:
-@UmamiFinance has partnered with @MIM_Spell for a new product offering:
-$STG/Alameda:
-@Reaper_Farm repaying users who lost money in exploit:
-Whales are buying dip on $SNX:
-@alphanonceStaff released an excellent thread on @CantoPublic:
Conclusion
See you tomorrow good frogs!
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