Happy Thursday degens! Last day of the month lezgo!
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: $1,944.10
Oil (WTI): $82.06
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. Solana (#8) and Base (#10) are both up over 40% on the daily apparently (likely due to the launch of @aerodromefi in the case of Base), and the rest of the top 50 chains are pretty flat.
Protocols are mostly red today. Protocols with at least $25M TVL up at least 80% on the weekly include Solana dex Raydium, multichain lending protocol Silo Finance, Binance Staked ETH, and ETH Mainnet liquid-staking protocol Liquid Collective.
Here’s The Top 12 Fastest-Growing Chains By TVL On The Weekly (from @DefiLlama):
Here’s The Top 12 Fastest-Growing Protocols By TVL On The Weekly (from @DefiLlama - note: this one has a TVL filter so only includes protocols with at least $1M TVL):
Here’s The Top 12 Chains/Protocols By 24 Hour Fee Generation (from @DefiLlama):
Other Data Points
Bitcoin Fear/Greed Index:
(from @BitcoinFear)
Ethereum Fear And Greed Index
(from @EthereumFear):
Fee Generation (from cryptofees(dot)info):
New Protocols
(note: this includes new defi protocols we find through combing Twitter each day, and we also include every (newly launched) protocol added by @DefiLlama - hence disclaimer: these are not pre-vetted by us so make sure to DYOR!)
-Something new called @HolaToken. Twitter bio states “$HOLA is growing into the largest seller of crypto marketing services in the industry. 0/0 tax, LP burnt, Renounced, Deflationary! LEGIT and lowest prices!” h/t @midoji7:
-Something new called @xGF_Ai. Twitter bio states “Meet EVIE, your AI Voice Crypto Girlfriend Bot powered by $XGF on Ethereum. Hold2Use. Simply hold your $XGF to interact with EVIE.”
-Something new called @LedgityYield. Twitter bio states “Ledgity Yield Protocol provides stablecoin holders with a stable yield based on RWA.” h/t @DeFi_Made_Here:
-New project called @Copin_io. Twitter bio states “The leading tool to analyze and copy on-chain traders: @GMX_IO, @Kwenta_io & more!” h/t @DeFi_Made_Here:
-New perps protocol on Op_BnB called @MEKE_PROTOCOL. Twitter bio states “MEKE is a decentralized cryptocurrency derivatives trading platform, deployed on the Binance Smart Chain L2 opBNB, safe, efficient, and transparent.” h/t @DeFi_Made_Here:
-New L1 called @DiabaseCoin. Twitter bio states “Diabase Blockchain a layer one blockchain, the next evolution in digital wealth preservation.” h/t @DeFi_Made_Here:
-New dex on Shibarium has been added to @DefiLlama called @dogswapshib. Twitter bio states “The #DEX of #Shibarium! Buy $DOG on #DogSwap”.
-Another new Shibarium dex called @wooffinance has been added to @DefiLlama. Twitter bio states “The first dex on Shibarium”.
-New CDP protocol on Base called @BasinOnBase has been added to @DefiLlama. Twitter bio states “Novel Collateralized Debt Position (CDP) stablecoin on #BaseChain. $BAI is the first Base native multicollateralized stablecoin.”
-Previously-mentioned @mvcswap has been added to @DefiLlama. Again, Twitter bio states “An #AMM DEX built on @mvcglobal with the Bitcoin-like UTXO model.”
-Previously-mentioned @KinetixFi has been added to @DefiLlama. Again, Twitter bio states “The first decentralized #Perps Exchange on @KAVA_CHAIN. Building a Kava-native #DeFi Hub with $KFI.”
-Previously-mentioned @blueberryFDN has been added to @DefiLlama. Again, Twitter bio states “Bloom Protocol - permissionless near-treasury yields for DeFi (TBY + stUSD) + Blueberry Protocol - Onchain Leverage for Onchain Investors (soon)”.
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama ($5M+ TVL, single-exposure, no-IL only) and @stable_fish - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Important News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-Another crypto-positive court decision generated a lot of discussion yesterday:
-New @VelodromeFi-backed dex @aerodromefi deployed on Base today, quickly becoming the #1 protocol on the chain by TVL, h/t @subli_defi and @TaikiMaeda2:
-Great chart from @JJCycles showing the inverse dollar ($DXY)/crypto correlation so far this year:
-Stablecoin liquidity bottoming?
-NFT’s currently represent 1.3% of the overall crypto market cap, h/t @delphi_digital:
-Some ticker-flagging, c/o @0xTindorr:
-Stablecoin settlements were roughly 9x larger than PayPal last year, 1x vs Visa, and .14x vs ACH, h/t @0xjaypeg:
-Interesting stats + conclusions from good thread of data from @alliancedao:
-Retrospective on the year’s narratives thus far from @milesdeutscher:
-Good long-form tweet on the GambleFi niche with thoughts/data/new protocol flagging from @Beacon_Early, click tweet to see rest of it:
-Excellent thread from @DeFiMann breaking down @GMX_IO V2 statistics thus far:
-Good video going over a couple dozen of the top stories in crypto right now from @BanklessHQ:
-Interesting macro video from @GeorgeGammon on ongoing UK sovereign debt issues:
-Sentiments c/o @MoonOverlord:
-Parting wisdom c/o @mhonkasalo:
Conclusion
Happy Thursday friends! Let’s get after it!
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.