Happy Tuesday degens!
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: $1,922.60
Oil (WTI): $80.37
Stocks (from:@News4Moves):
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 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 mostly red today. Top 50 chains up at least 10% on the weekly include Starknet (#39) and Sui (#42). Top 50 chains down at least 10% on the weekly include Gnosis (#28), and Algorand (#31).
Protocols are mostly green today. Top 100 protocols up at least 10% on the weekly include Spark (#22), EigenLayer (#32), Blur (#63), and PearlFi (#97). Top 100 protocols down at least 10% on the weekly include Balancer (#17), Aura (#30), Marinade Finance (#57), and MatrixDock (#82).
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):
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 28, 2023 chainEDGE - Today's Summary PEPE (the new version), OLAS, SHIA and BEN were today's leaders in inflows. Across the board it seems like most new launches today lost their stream very quickly. We also noticed smaller inflows in BAD, DMT and HILO. BITCOIN, LINQ, UNIBOT, BB and Mog were the leaders in terms of outflows today, with BITCOIN having a notable -$225k of net selling pressure. From a portfolio holding perspective, UNIBOT and RLB have held up the best with $7mm and $5mm of smart money holdings respectively. New comers SHIA and PEPE have shot up to $2.3mm and $1.6mm of smart money holdings, making them #4/#5 top holdings across all of smart money (excluding eth and Defi dino tokens). It seems like the new launch market is cooling off a bit while the "new shiny winners" of PEPE, SHIA, LINQ, OLAS take up all of the market's attention. Today's trader of the day is 🚀 ifyouaintfirstyourelast.eth who printed $146k in realized PnL on new PEPE.
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 called @MuratiAI. Twitter bio states “The first advanced anime-focused Platform AI web and bot. Create image and video anime in seconds”.
-New trading bot project called @Octus_bot. Twitter bio states “#1 Discord trading bot”. h/t @CryptoNikyous:
-Something called @EUROemoney. Twitter bio states “Always one ———————————”. h/t @CryptoNikyous:
-@Campiexyz_io. Twitter bio states “Campie is a groundbreaking SubDAO by @magpiexyz_io created to fortify @CamelotDEX and the @arbitrum kingdom.” h/t @CryptoNikyous:
-New Pulse Chain dex called @sparkswap_. Twitter bio states “Where yield farming , staking pools, AMM & a seamless BSC ➡️Pulsechain bridge come together. Brought to you by the @EMPMoneyBSC team.” h/t @ApeOClock:
-Something new called @OriginFi_. Twitter bio states “Leveraging innovation, generating breakthroughs. The first DeFi Powerhouse. 🌱 Join us for a privileged access & passive income on friendtech @ OriginFi_”. h/t @twindoges:
-New project called @SharesGram. Twitter bio states “Experience the real SocialFi on Telegram. Unlock the full potential of your shares.” h/t @twindoges:
-New project called @0xEpochProtocol. Twitter bio states “Stay tuned for a completely new way of sending web3 transactions to automate, schedule, batch, and chain transactions.” h/t @twindoges:
-New dex on Op_Bnb called @Xops_Finance has been added to @DefiLlama. Twitter bio states “Leverage the power of DeFi On Xops Finance - the ultimate DEX built on OpBNB, you may trade with speed and security.”
-Previously-mentioned @AltitudeDeFi has been added to @DefiLlama. Twitter bio states “Blue-chip asset bridge, powered by @LayerZero_Labs. Mainnet is LIVE 🚀”.
-Previously-mentioned new Base dex @aerodromefi has been added to @DefiLlama. Twitter bio states “The central trading and liquidity marketplace on @BuildOnBase.”
Security Alerts
-@peckshield released an update on Balancer:
-@tayvano_ updated an ongoing thread about mysterious wallet thefts, tying them more strongly to the @LastPass breach:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (all types, $5M+ TVL) 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 ETF speculation for the rest of this week:
-Google searches for ‘crypto’ still in bear market territory:
-Apparent spike in zkSync dex volumes, ht/ @Flowslikeosmo:
-Some tickers to watch, also h/t @Flowslikeosmo:
-Interesting update on Unibot from @mhonkasalo:
-Inflation update from @truflation:
-US student loan issue looming ahead for October 1st:
-NFT volumes hit two-year low but floor prices bouncing a bit, h/t @punk9059:
-Very interesting new article/newsletter from @LynAldenContact on the investment/economic implications of AI:
-Extremely good thread on the inflation/hyperinflation situation in Argentina right now, from @peruvian_bull:
-Big video of macro charts/TA from @Trader_XO:
-@0xMantle alfa from @Defi_Maestro?
-New Bankless interview with @jessepollock from Base and Ben Jones @ben_chain the co-founder of Optimism:
-Look at new wallet Rainmaker from @ceazor7:
-Parting wisdom from @thedefiedge:
Conclusion
Happy Tuesday 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.