Happy Saturday lads and ladettes! Lots of stuff going on!
Let’s dive in!
Stats/alerts/etc at top and tweets/news/links/videos/etc at bottom!
[Note: As always all tweets are hyperlinked so just click on them to pull them up on Twitter!]
Market Update
Crypto (from @CryptoBubbles):
Gold: $1,889.50
Oil (WTI): $81.25
Stocks (from:@News4Moves):
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
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Biggest TVL Movers + Else
Chains are quite red again today. Base is up to spot #12 with $166.59M TVL, Pulse is down to #17 at -57.28% on the monthly, zkSync Era is down to spot #18 at -32.63% on the monthly, and newly launched Mantle is in spot #35 with $37.27M TVL.
Protocols are also very red again. Protocols with at least $10M TVL that are up at least 20% on the weekly include Base dex Alien Base, multichain CDP/Stablecoin protocol Angle, Cardano lending protocol Optim Finance, stUSDT, multichain perps dex HMX, multichain RWA protocol Aktionariat, Hedera dex SaucerSwap, and Polygon dex Retro.
Here’s The Top 12 Fastest-Growing Chains By TVL On The Weekly (from @DefiLlama):
Here’s The Top 12 Fastest-Growing Protocols By TVL On The Weekly (from @DefiLlama - note: this one has a TVL filter so only includes ones with at least $1M TVL):
Here’s The Top 12 Dex’s By 7 Day Volume (from @DefiLlama):
Other Data Points
Bitcoin Fear/Greed Index:
(from @BitcoinFear)
Ethereum Fear And Greed Index
(from @EthereumFear):
Fee Generation (from cryptofees(dot)info):
New Protocols
(note: this includes new defi protocols we find through combing Twitter each day, and we also include every (newly launched) protocol added by @DefiLlama - hence disclaimer: these are not pre-vetted by us so make sure to DYOR!)
-Something on Cardano called @clarity_dao. Twitter bio states “A DAO’s best friend. Clarity exists to enable decentralized innovation. Easily create, maintain, and participate in DAOs.”
-New trading bot project called @surge_sniper. Twitter bio states “Snipe Easier”.
-New protocol called @ambitfinance. Twitter bio states “Be Ambitious”.
-Something new called @TonUP_io. Twitter bio states “the leading launchpad of @ton_blockchain. Discover high-potential assets and unlock new opportunities for the community.” h/t @twindoges:
-New trading bot project called @ACASerc. Twitter bio states “Along Came a Spider offers a first of its kind spy-bot for collecting insider launch information on Ethereum.” h/t @twindoges:
-New lending protocol on Base called @unclesamfi. Twitter bio states “Native lending protocol on @BuildOnBase ᴏɴᴄʜᴀɪɴ ꜱᴜᴍᴍᴇʀ”. h/t @ApeOClock:
-Something new called @Bison_Labs. Twitter bio states “Trade BRC-20 tokens 600x faster with Bison’s AMM (Automated Market Maker)”. h/t @AresLabs_xyz:
-New Avalanche project called @FortiFi_. Twitter bio states “A next-gen vault platform | coming soon to #AVAX”. h/t @AresLabs_xyz:
-Previously-mentioned @swap_based has been added to @DefiLlama. Again, Twitter bio states “🟦 Native @BuildOnBase DEX 🟦 Offering Swaps, Single Staking, Bridging, Perpetuals and Concentrated Liquidity all in one place!”.
-New Base protocol called @BAS3Dfinance has been added to @DefiLlama. Twitter bio states “Yield Farming & Auto Compounding Vaults on #BASE”.
-New dex called @PixelSwapFi has been added to @DefiLlama. Twitter bio states “Pixelswap: Redefining Crypto Trading with Decentralized Excellence.”
-New Op_Bnb protocol called @FourDexonBNB has been added to @DefiLlama. Twitter bio states “An AMM powered by opBNB!”
-New protocol called @Knightdex_cc has been added to @DefiLlama. Twitter bio states “AMM DEX with low slippage and deep liquidity on #opBNB Network”.
-New Op_Bnb dex called @LuigiSwap has been added to @DefiLlama. Twitter bio states “Hop into the DeFi universe with LuigiSwap, and Power-Up your trading game! 🪙 🍄 🎮 Build on #opBNB”.
Security Alerts
-@peckshield and @BlockSecTeam released alerts on @ExactlyProtocol exploit:
-Important reminder from @DefiLlama:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama ($5M+ TVL, single-exposure, no-IL only) and @stable_fish - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Important News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-Crypto continues its dip:
-Money market accounts continue to see significant inflows:
-Interesting stats on perp dex’s from @ThorHartvigsen:
-Watchlist alfa c/o @CryptoNikyous:
-@friendtech continues to generate immense attention, h/t @blknoiz06 and @CryptoKaleo:
-Fed Chair Jerome Powell to speak at Jackson Hole next Friday:
-Some bullish $ETH TA from @IAmCryptoWolf:
-Interesting chart of Bitcoin/M2 Money Supply c/o @intocryptoverse:
-BNB bridge hacker was liquidated on Venus:
-Milady continuing to outperform the broader NFT market, h/t @MessariCrypto:
-One of many interesting charts from excellent thread by @DefiIgnas:
-New episode of @TaikiMaeda2’s new roundtable podcast Steady Lads:
-@LukeGromen was interviewed on the TD Ameritrade Network yesterday about the current macro landscape:
-Parting wisdom c/o @Dynamo_Patrick:
Conclusion
Have a great Saturday friends and don’t forget to touch some grass this weekend!
And please RT/subscribe/etc if you found this valuable! :)
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***Note On Material: The ‘Spotlight’ section 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.