Happy Thursday lads and ladettes! Let’s dive in!
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: $2534.70
Oil (WTI): $72.24
US 10Y Treasury: 3.829%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Take note friends! Interesting opportunity from the team at @derivio_xyz - “the idiomatic network unfolding the financial fabric of Ethereum” - re: their cool new Deeno NFT card :)
As stated in the thread below…
“BE RECOGNIZED AS ELITE MEMBERS of the Derivio community when you hold an exclusive Deeno NFT card…
…[get] privileged access to new and exciting opportunities in the upcoming launch of Derivio Network.
AND YES, we’re talking FIRST MOVER ADVANTAGES 🌟”
We’ve been helping spread the word about everything the Derivio team is up to, so make sure to follow them on Twitter for more updates and check out the below thread (or full article) to learn more!
Biggest TVL Movers + Else
Chains are quite green today. Top 30 chains up at least 10% on the monthly include Hyperliquid (#10), Sui (#13), Core (#23), and BSquared (#30).
Protocols are also quite green. Top 30 protocols up at least 10% on the monthly include Symbiotic (#19), and Jupiter (#30).
Here’s The Top 12 Fastest-Growing Chains By TVL Growth On The Weekly With At Least $10M TVL (from @DefiLlama):
Here’s The Top 12 Fastest-Growing Protocols By TVL Growth On The Weekly With At Least $10M TVL (from @DefiLlama):
Here’s The Top 12 Entities By 24 Hour Fee Generation (from @DefiLlama):
Bitcoin Fear/Greed Index:
(from @BitcoinFear)
Chart Of The Day
(Courtesy of our Official Sponsor @vertex_protocol)
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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 @HyBridgeHL. Twitter bio states “Your HyperLiquid Bridge. Fast, Seamless, and Ready to Connect Across EVM & SOL Chains”. Followed by 4 of our mutuals. h/t @SamuraiTakedown:
-New L1 whose raise is generating a lot of attention called @StoryProtocol. Twitter bio states “The World’s ꧁IP꧂ Blockchain”. Followed by 158 of our mutuals. h/t @schizoxbt:
-Something new called @mETHProtocol. Twitter bio states “A permissionless, non-custodial ETH liquid staking protocol deployed on Ethereum L1 and governed by @0xMantle.” Followed by 9 of our mutuals. h/t @AresLabs_xyz:
-Something new called @Kannon_xyz. Twitter bio states “What launchpads should be, natively on Monad.” Followed by 2 of our mutuals. h/t @AresLabs_xyz:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (all types, $10M+ TVL) - 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)
-Release of FOMC minutes generating a lot of attention, seeming to confirm there will be an interest rate cut in September, and showed some members favored a cut at the most recent meeting in July:
-Much anticipation re: what Jerome Powell may say at Jackson Hole this week, thoughts from @qthomp below:
-Battle of memecoin launchpads continues, h/t @NPC_68:
-Additional headlines c/o @Cprinze_:
-Additional news from @blocmatesnews:
-Stablecoin issuers currently hold 1% of all US Treasury bills, h/t @singularity7x:
-Top narrative mindshare gainers since beginning of year according to @_kaitoai data are Chain Abstraction, Defi, Account Abstraction, and Memes - h/t @sandraaleow:
-New chain alfa from @MaxLongCEO:
-Top front-ends by trading volume from @Prithvir12 (click for additional stats + insights in long-form tweet):
-Revenue stats for a number of top projects over the last 30 days, h/t @0xMughal:
-Thoughts on L1 investing from @alpha_pls:
-New roundtable from @0xResearch discussing some geekier crypto tech stuff:
-New interview with @keoneHD and @SmokeyTheBera from @JasonYanowitz and @santiagoroel at @theempirepod:
-Parting sentiments from @cburniske:
Conclusion
Happy Thursday friends! Stay alert out there!
And please RT/subscribe/etc if you found this valuable!
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***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.