Happy Wednesday friends! 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: $1,935.60
Oil (WTI): $81.70
Stocks (from:@News4Moves):
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
The team at @stellaxyz_ keeps rolling out new bear market yield opportunities… and just hit a new high in TVL!
As background, the team at Stella is a bunch of OG defi folks who have been focused on the leveraged yield farming space since its inception, and the sophisticated architecture they have created for Stella is generating some very high yields for savvy on-chain degens!
We’re helping raise awareness about everything the team at Stella is up to, so make sure to follow them on Twitter, and check out their latest tweet below on their new $ETH/$HMC LP and rising TVL!
Biggest TVL Movers + Else
Chains are mostly green today. Some notables include newer chains Mantle (#34) at $38.55M TVL and +152% on the monthly, Sui (#42) at $24.91M TVL and +97% on the monthly, and Linea (#52) at $19.75M TVL and +35% on the monthly.
Protocols are quite green today. Protocols with at least $50M TVL up at least 30% on the monthly include Spark, WemixFi, EigenLayer, Silo Finance, stUSDT, PearlFi, Convex Finance, and Curve Finance.
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 By 7 Day Stablecoin Inflow % (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 29, 2023 chainEDGE - Today's Summary Biggest inflows over the last 24hr were led by a reversal for BITCOIN aling with $76k of SHIA inflows. LINQ and SG led outflows, with SG flipping from bullish to bearish indicators on the team swapping their tax wallet with no announcement. Notably there has been a small flip in sentiment in SG, with $48k of net inflows over the last 4hr after the token fell dramatically - we will be shipping more custom features to see these types of shorter time frame signals soon. REVIVAL is today's favorite new launch with $32k of inflows at writing (trading at a $430k mc). SHIA remains the smart money favorite for newer tokens with $1.6mm of current smart holdings. We also noticed degen smart buys with size ($1.5k+) into EEYOR just now - trading at a $400k market cap. Trader spotlight of the dat is gem spotter Su Zhu (rumored) wallet who made $870k in realized PnL on RLB.
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 project called @PRINT3Rxyz. Twitter bio states “Coming soon to @BuildOnBase. Fully-gamified decentralized spot & perpetual exchange prioritizing user experience, efficiency, & rewards. PRINT3R goes 3RRRR.” h/t @Print3rBritton:
-Something new on Mantle called @BetBitX. Twitter bio states “The Pioneer GambleFi protocol on @0xMantle 🔞 | #BuildonMantle | #BetBigWithBetBitX”. h/t @Defi_Maestro:
-Something new called @ZeroXFreelance. Twitter bio states “The premier freelancer marketplace built exclusively for the crypto community.” h/t @thealphadigest:
-New GambleFi/Trading Bot project called @Degenius_casino. Twitter bio states “A Telegram based Crypto Casino and on chain Lottery Platform. Are you a DE-GENius?!” h/t @thealphadigest:
-Something new called @Shadowfi_xyz. Twitter bio states “Decentralized and Privacy-Prioritized Exchange powered by @Aleohq.” h/t @AresLabs_xyz:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama ($1M+ TVL, single-exposure, no-IL only) and @stable_fish - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Important News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-Grayscale wins its lawsuit against the SEC, with the SEC now having to re-consider its ETF application:
-$BTC TA update from @DaanCrypto:
-News re: Twitter and potential for crypto payments on the platform:
-New JOLTS report shows US job vacancies at lowest level since March 2021:
-Top bouncers on the Grayscale news today, h/t @thedefivillain:
-SEC files sealed motion against Binance, generating quite a bit of attention, h/t @twobitidiot:
-More attention on China:
-$LDO down 75% from its yearly high, along with many other alts:
-Percentage of US workforce working from home has apparently stabilized around 20-25%:
-Sentiments from @yugacohler:
-@CamiRusso from @DefiantNews interviewed Tether CTO @paoloardoino:
-@Lightspeedpodhq released a new interview with @nic__carter:
-Trading sentiments from @CryptoKoryo:
-Parting bullishness from @sassal0x:
Conclusion
Happy Wednesday degens! Stay alert out there!
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.