Happy Saturday friends! Quite the boolish 24 hours its been!
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: $2548.70
Oil (WTI): $74.83
US 10Y Treasury: 3.795%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
The cross-chain adventure continues good anon, with @vertex_protocol now on @SeiNetwork!
Indeed, Vertex-appreciating tradoors can rejoice… as for the next six weeks, 850K $SEI will be up for grabs as trading rewards!
And as always, take note that Vertex offers over 50 different perps and spot markets, utilizing a state of the art cross-chain liquidity infrastructure via their Edge system @EdgeLayer! In addition, yield maximalists can also stake VRTX to benefit from both ‘RealYield’ paid in USDC and the official VRTX buyback & burn program!
Learn more about this latest update via the thread quote-tweeted below by Vertex co-founder @DariusTabai, visit the Vertex site now at app.vertexprotocol.com, and make sure to follow Darius on Twitter for updates + alfa!
Biggest TVL Movers + Else
Chains are exceptionally green today. Fastest-growing chains on the weekly with at least $10M TVL are Cronos zkEVM, Core, and Sei.
Protocols are also very green today. Fastest-growing protocols on the weekly with at least $10M TVL are UwU Lend, COREx Network, SiloStake, Trufin Protocol, and Shade Protocol.
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 Entities By 24 Hour Fee Generation (from @DefiLlama - note: for some reason Circle and Tether aren’t appearing today):
Here’s The Top 12 Chains By 7 Day Stablecoin Inflow % (from @DefiLlama):
Bitcoin Fear/Greed Index:
(from @BitcoinFear)
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!)
-Something new called @pharos_network. Twitter bio states “Pharos is a full-stack parallel blockchain, leading the frontier of hyper-parallelism.” Followed by 1 of our mutuals. h/t @twindoges:
-Something new/new-ish called @Ambient_Global. Twitter bio states “Multi-Chain Token Protocol - solving the cold start problem for issuers, integrating interoperability + liquidity, activating new users across chain ecosystems”. Followed by 5 of our mutuals. h/t @twindoges:
-Something new called @sakefinance. Twitter bio states “Building on @soneium. Bringing the spirit of Sake. Join the community, sip on @soneium.” Followed by 1 of our mutuals. h/t @DeFiMinty:
-Something new called @Castora_xyz. Twitter bio states “Decentralized P2P Prediction Market Built on @monad_xyz. Transforming crypto predictions one step at a time.” Followed by 3 of our mutuals. h/t @DeFiMinty:
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)
-Jerome Powell’s statements at Jackson Hole yesterday were generally regarded as extremely dovish (and thus bullish for risk assets like crypto), h/t @NickTimiraos:
-Additional takes on the above, from @qthomp and @AnnaEconomist:
-Another macro update/take, from @fejau_inc:
-Additional crypto news headlines c/o @Cprinze_:
-And more headlines, c/o @blocmatesnews:
-More shipping from @JupiterExchange:
-Strategy/analysis thoughts from @blknoiz06:
-Interesting cycle stats/extrapolations - h/t @HalvingTracker:
-TG bots are getting renewed attention, h/t @ReveloIntel with good thread on @bananagunbot below:
-Potential defi ticker alfa c/o @Bitcoineo:
-Sentiments c/o @blockchaingod69:
-Full video of Jerome Powell’s Jackson Hole speech:
-New crypto/macro livestream from @noahseidman:
-New episode of @0xSteadyLads podcast featuring @kaiynne:
-Parting wisdom c/o @crypto_linn:
Conclusion
Have an appropriately-bullish 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
The team at @silentdao_ is continuing to develop their revolutionary new on-chain privacy architecture… which is essentially meant to be a middleware privacy/encryption layer that will facilitate composable privacy solutions within the EVM itself...
To quote their most recent article below:
“Silent Protocol is building the ghost layer, a modular layer 1.5 providing compliant privacy built on the EZEE framework to become that structured playground for institutions and retail users that can provide compliant, secure and privacy preserving access to ethereum native and cross chain liquidity along with enabling access to applications.”
Our editor @rektdiomedes is helping bang the drum on everything @silentdao_ is working on, so make sure to check out the below article, and follow Silent on Twitter for more updates!
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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.