Happy Saturday friends! Weekends are for getting after it 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: $1,914.80
Oil (WTI): $79.83
Stocks (from:@News4Moves):
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
@ChainEDGE_io is our official sponsor for the month of August!
ChainEDGE is the creation of our good friend @OnChainWizard, and is essentially an on-chain analytics + smart money tracker on steroids…. Their platform offers all sorts of high-value alpha, all via 100% real-time data…
@OnChainWizard just did an awesome walk-through video showing all of ChainEDGE’s features, so make sure to check it out via the tweet below!
Biggest TVL Movers + Else
Chains are mostly red today. Some notables include Tron (#2) at +8.52% on the weekly, Base (#12) at +11.46% on the weekly, and Gnosis (#28) at -31.34% on the weekly.
Protocols are mixed today. Some notables include MakerDAO (#2) at -10.78% on the weekly, stUSDT (#15) at +82.42% on the monthly, Spark (#29) at +529% on the monthly, EigenLayer (#33) at +205% on the weekly, Blur (#66) at -30.79% on the monthly, and MatrixDock (#84) at -42.39% on the weekly.
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 Chains/Protocols By 24 Hour Fee Generation (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 L1 called @Lamina1official. Twitter bio states “A Layer 1 blockchain optimized for the Open Metaverse – providing communities with infrastructure, not gatekeepers, to build a more immersive internet.”
-New GambleFi project on Base called @BaseClubGames. Twitter bio states “BaseClub | The first innovative decentralized lottery game on #Base. Combine Real Yield and Vault for optimal profit generation. 🎰”.
-Something new called @ZNSConnect. Twitter bio states “#ZNSConnect - the decentralized name service for linking Omnichain 🛡️Designed for Web3, Identifier and more 🔮 Mint your identity...”
-New Base project called @WaleSwap. Twitter bio states “A native DEX and Launchpad on @BuildonBase , allows fast and secure trading at low fees 🐋”.
-New project on Shibarium called @aquariumtoken. Twitter bio states “$AQUA - An ecosystem that includes six utilities already LIVE. #AQUA”. h/t @ApeOClock:
-New project on Base called @autotronicbase has been added to @DefiLlama. Description states “Autotronic is a DEX, Yield Farm and Token on Base”.
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama ($1M+ 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)
-Jerome Powell’s speech at Jackson Hole received a lot of attention yesterday but was generally regarded as being unremarkable:
-New proposed treasury regulations/policy in US generated intense discussion yesterday:
-New info re: Prime Trust is generating a lot of discussion as well:
-Money market accounts offering access to short-term US treasury yields have seen almost $1T in inflows so far this year:
-Some interesting historical data c/o @dunleavy89:
-Global oil inventories trending down:
-Some crypto tools alfa from @Flowslikeosmo:
-US continues to see prominent population inflow/outflow between different regions and cities:
-Details on very unfortunate phishing scam and reminder to stay hypervigilant:
-Some potential opportunities to do more research on for our airdrop enthusiasts:
-Thoughts from @MacnBTC:
-New episode of Steady Lads featuring @TaikiMaeda2, @thiccythot_, @gametheorizing, and @justincbram discussing all sorts of crypto/defi/macro stuff:
-Full video of Jerome Powell’s Jackson Hole speech yesterday:
-Excellent roundup discussion of top crypto stories from @JasonYanowitz and @santiagoroel via @theempirepod:
-Parting wisdom from @defi_gaz c/o @QuotableCrypto:
Conclusion
Happy Saturday frens and don’t forget to do some grass-touching 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.