Happy Monday degens! 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: $1,888.00
Oil (WTI): $81.88
Stocks (from:@News4Moves): N/A
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
@Rodeo_Finance is a leveraged yield project we’ve been helping spread the word about….
They are building on top of all the top Arbitrum defi protocols (like Camelot, Pendle, TraderJoe, etc), to give discerning farmers the chance to maximize their yields, with leverage, all from a single easy to use UI…
They have been building back hard after the unfortunate exploit they suffered last month, and we are proud to keep offering updates on everything they are up to!
Check out their most recent tweet below and make sure to follow them on Twitter for more updates!
Biggest TVL Movers + Else
Chains are mostly red today. Only top 30 chains green on the weekly are Base (#12), Gnosis (#24), and Thorchain (#27). Top 30 chains down at least 15% on the weekly include Pulse Chain (#17), EOS (#25), and Fantom (#27).
Protocols are mixed today. Protocols with at least $5M TVL up at least 30% on the weekly include multichain CDP/stablecoin protocol Angle, multichain dex Gyroscope, Base dex Alien Base, multichain dex Velocimeter, Arbitrum derivatives protocol Hyperliquid, Polygon dex Retro, and Cardano lending protocol Optim Finance.
Here’s The Top 12 Chains By TVL (from @DefiLlama):
Here’s The Top 12 Protocols By TVL (from @DefiLlama):
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):
Degen Alfa
(Exclusive data/information from our Official Sponsor @ChainEDGE_io - sign up today by clicking here!)
-Daily notes section from @OnChainWizard:
“August 21, 2023 chainEDGE - Today's Summary
Last 24hr flows led primarily by BITCOIN with $262k in the 15c - 18c range, mostly from highly profitable traders. Other flows included SPX, NONE, MOG, LOOKS, STAKE, and LVL. New Launch flows were seen in STAKE, NET, BUDDY and FWB. The new "meta" with the popularity of FriendTech seems to be tooling to trade on the platform, which seems to be driving new launch flows. UNIBOT led the way in terms of sell pressure at $196k of outflows, but remains a key smart money holding, with 32 wallets holding $8mm of exposure to the token. On a 7 day basis, OX, RLB, SHARES and SPX were smart money favorites, leading the way in total inflows over the week. Today's smart trader highlight is 1vs9.eth, a New Launch Pro who made $61k in realized PnL on BPD.”
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 new called @ElektrikNetwork. Twitter bio states “The first DEX built on @lightlinkchain Next Gen Capital-Efficient Dex With DLP Powered by $ELTK V1 Coming soon ⚡️”. h/t @brave_raf:
-New trading bot project called @Pega_Bot. Twitter bio states “Your personal trading bot | Market analyse | #1 Telegram Bot for AI powered trading & copy trading | No private key needed, welcome to Account Abstraction”.
-New trading bot project called @tradeaxecap. Twitter bio states “Predict the future price of over 100 synthetic stocks and soon crypto with up to 1000x leverage…” h/t @CryptoNikyous:
-Something new called @SendWithTele. Twitter bio states “Send crypto to any phone number and earn rewards for getting your friends trading memecoins”. h/t @CryptoNikyous:
-Something new called @liqfishxyz. Twitter bio states “RWA tokenization and liquid infrastructure made simple on @AltheaNetwork!”. h/t @AresLabs_xyz:
-New project called @SharesFinance. Twitter bio states “#WEB3 Innovative investing protocol. Launch shares, not tokens, and follow the new #crypto trend. Facilitating revenue sharing & staking. $SHARES”. h/t @AresLabs_xyz:
-Something new called @FilamentFinance. Twitter bio states “Interchain Perpetuals Protocol focused on high capital efficiency and seamless trading experience.” h/t @AresLabs_xyz:
-New project called @meowlxyz has been added to @DefiLlama. Is listed as a Services protocol on Eth Mainnet. Twitter bio states “MEOWL | free, AI powered crypto trading tools in your Discord • Try now...”
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (all types, $1M+ TVL) and @stable_fish - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Important News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-Macro schedule for the week ahead, c/o @_FabianHD:
-@friendtech continuing to dominate attention within the crypto landscape, h/t @TheFlowHorse, @asxn_r, @MoonOverlord, and @shleep_well:
-Related sentiments c/o @cburniske:
-Related announcement from @coingecko, who have added a category for wrapped versions of @friendtech influencer tokens:
-Unlocks update for the week, from @Token_Unlocks:
-Interesting chart re: US real estate from @charliebilello:
-$BTC TA from @Pentosh1:
-Market thoughts from @Arthur_0x:
-Traders starting to take advantage of delta-neutral strategies utilizing GMX V2:
-Interesting chart from excellent thread on the current US sovereign debt landscape, from @GameOfTrades:
-Macro wisdom from @profplum99:
-Good beginner tutorial on using Base from @coinbureau:
-New video from @TaikiMaeda2 on defi landscape + future:
-Good sentiments from @dunleavy89:
-Parting wisdom from @jake_pahor:
Conclusion
Happy Monday friends let’s get after it!
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.