Happy Friday 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 @CryptoBubbles24):
Gold: $1,915.70
Oil (WTI): $79.65
Stocks (from:@News4Moves):
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Take note re: @parallaxfin good degens! They are a new yield and LSD-fi protocol that we have been helping raise awareness about, aiding humble farmers to maximize their yields!
Phase 3 of their token launch just started!
Check out the details below to learn more…
And make sure to follow them on Twitter for more updates and visit their site to learn more!
Biggest TVL Movers + Else
Chains are very red today. Top 50 chains up at least 20% on the weekly include Astar (#37) and Sui (#44). Top 50 chains down at least 20% on the weekly include Pulse Chain (#18) and Gnosis (#28).
Protocols are also quite red today. Protocols with at least $50M TVL up at least 20% on the weekly include EigenLayer, Maple Finance, and Loopring. Protocols with at least $50M TVL down at least 20% on the weekly include MatrixDock, Aura, PulseX, Marinade Finance, and Balancer.
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):
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!)
-New trading bot project called @RobinhoodBot_. Twitter bio states “High Rev sharing Security focused, All-in-one Telegram Bot. Trading + airdrop farming, cross-chain bridging, rug checking, etc. $HOOD live.”
-New Trading Bot/GambleFi project called @PVPgamingbot. Twitter bio states “🎰PVP 🎰 is your one-stop hub for fun telegram mini games and gambling to play head to head or with a group of friends. Come Play!” h/t @CryptoNikyous:
-Another new Trading Bot project called @NexusProBot. Twitter bio states “Revolution of hunting experience 🪬 Get used to being early 🐤”. h/t @CryptoNikyous:
-Something new called @OtterProtocol. Twitter bio states “Flourishing in the depths of yielding liquidity pools 🦦”. h/t @AresLabs_xyz:
-Something called @PythiaOfficial. Twitter bio states “Decentralized marketplace for expert identification in crypto. We're seeking beta testers. Try Pythia on Kovan testnet…” h/t @AresLabs_xyz:
-Something new called @BaceDex on Base. Twitter bio states “Fully community-driven VE(3,3) DEX on @BuildOnBase…” h/t @ApeOClock:
Security Alerts
-Interesting chain of events today where @zachxbt warned about a potential rugpull from Magnate Finance on Base, who then immediately rugpulled, while trolling @zachxbt’s comments (h/t to the great @inversebrah for the third screenshot):
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)
-Lots of speculation around Jerome Powell’s Jackson Hole speech today:
-Lot of talk about $PEPE yesterday, samples below but recommend doing further research if interested, h/t @Crypto_Noddy, @MoonOverlord, and @lookonchain:
-Weekly summary from @thedefivillain:
-Lots of discussion re: FTX estate seeking to liquidate more holdings:
-Bullish rhetoric from JP Morgan:
-Interesting historic stats c/o @QuintenFrancois:
-Important macro stat from @peruvian_bull:
-@eigenlayer TVL still surging, h/t @Flowslikeosmo:
-Interesting data from @coingecko:
-Interesting data on stonk earnings from @charliebilello:
-Contrarian positivity from @MacroMate8:
-Thoughts from @Crypto_McKenna on future:
-Good new defi-focused interview from @0xResearch with @CoWSwap lead @fleupold_:
-New episode of NFA Live:
-Parting wisdom from @Dark_MoonKnight c/o @QuotableCrypto:
Conclusion
Have a great Friday good frogs!
And please RT/subscribe/etc if you found this valuable! :)
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Note
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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.