Happy Sunday good frogs! 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): N/A
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Silent Protocol @silentdao_ is an extremely interesting new project currently building something quite significant + ambitious re: on-chain privacy…
Rather than a standalone chain or a mixer, the idea is to create a composable middleware encryption layer that allows privacy preservation within the EVM itself, allowing users to interact with defi protocols anonymously…
Our esteemed editor @rektdiomedes is working with the @silentdao_ team to help with education/drum-banging/etc… so make sure to follow them on Twitter and see their announcement about their integration with @CoWSwap below!
Biggest TVL Movers + Else
Chains are mixed today. Top 50 chains green on all three timelines (daily, weekly, monthly) include Base (#12) and Starknet (#39).
Protocols are mixed as well. Top 100 protocols green on all three timelines (daily, weekly, monthly) include Spark (#23), RealT (#62), and KyberSwap (#94).
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 Stablecoins By Market Cap (from @coingecko):
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!)
-24 Hour Smart Money Inflows/Outflows
-24 Hour Smart Money Summary From @OnChainWizard:
August 26, 2023 chainEDGE - Today's Summary SHIA led the day in inflows with over $444k, allong with inflows in OLAS, EMP, MOG, PRIME, DYDX, LINQ and DMT. Outflows were seen again in BITCOIN, PEPE, UNIBOT, RLB with smaller outflows in GEKE and HMX. The great rotation is still on, with smart money signaling which tokens are the "new index" for now. SHIA in particular is sucking the liquidity away from most coins (incl new launches) so most new launches have not done well in the past few days. From a portfolio perspective, RLB and UNIBOT still have $6mm each in smart money holdings (though wallet counts have been trending down). OLAS, PRIME, SHIA and BITCOIN all stand at around $2mm each in smart money allocations. Newer tokens with smart money holdings over $50k include: SOAPS, BABY SHIB, SPX, AXE, LINQ, HOUSE, CHART, SAINT and COCO. Today's trader spotlight is New Launch Pro 0x306 who made $76k in realized PnL on LINQ.
New Protocols
(note: this includes new defi protocols we find through combing Twitter each day, and we also include every (newly launched) protocol added by @DefiLlama - hence disclaimer: these are not pre-vetted by us so make sure to DYOR!)
-Something new called @valoremxyz. Twitter bio states “Permissionlessly Clear and Trade options, on any ERC20 token. On Arbitrum Görli testnet now.”
-Something new called @DCNTRLnetwork. Twitter bio states “$USDEFI - An Autonomous Stablecoin Network designed for DeFi powered by $BNB”.
-Something new called @0xQube. Twitter bio states “World's first payment tool that enables collaboration pseudonymously using blockchain technology. #Web3 (HP will be there within a few days...🤐)”. h/t @twindoges:
-New trading bot project called @Newslybot. Twitter bio states “The News Trading Terminal in Your Pocket”. h/t @twindoges:
-New project called @DividendNeutral. Twitter bio states “Shift your focus away from prices and depegging concerns, embrace delta-neutrality. A protocol that builds a profitable delta-neutral strategy in one click.” h/t @thealphadigest:
-New dex on Mantle called @MantleCoreDEX. Twitter bio states “Best Swaps and Incentivizing Liquidity on @0xMantle 🌋 #BuildonMantle”. h/t @thealphadigest:
-New trading bot project called @DatabotERC. Twitter bio states “Your all-in-one bot for valuable DeFi insights”.
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)
-Current Bitcoin bear market almost 500 days long:
-Global M2 money supply starting to bounce back, primarily driven by China and Europe:
-Interesting chart of Liquid Staking vs Dex TVL over time from @Dynamo_Patrick:
-Overall stablecoin market cap continuing to decline, h/t @milesdeutscher:
-More bearish data from Germany:
-Unibot apparently accounting for over 2% of all Uniswap volume now, h/t @_khanhamzah:
-Single family home inventory at all-time low in US:
-Some tickers nearing or in price discovery to potentially check out, c/o @thedefivillain:
-OnlyFans has apparently invested company funds into $ETH:
-Interesting tweet + article c/o @NorthmanTrader:
-Excellent thread + report on stablecoin adoption from @TheChicagoVC, couple samples below:
-New macro video from Milkshakes, Markets, Madness by ‘Dollar Milkshake’ creator Brent Johnson:
-New weekly roundup from @Blockworks_ featuring @MarkYusko and @MikeIppolito_:
-Good new crypto/macro livestream from @noahseidman:
-Parting wisdom c/o @DoveyWan:
Conclusion
Happy Sunday friends!
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.