Happy Wednesday degens! 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: $1,977.30
Oil (WTI): $75.67
Stocks (from:@News4Moves):
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Our friends at @pendle_fi have revealed the mysterious news we referenced last week… Pendle Earn!
As you likely know by now, Pendle is an extremely cool yield/derivatives/LSD protocol that has been generating massive attention… and Pendle Earn is their latest innovation we are helping bang the drum about!
So what is Pendle Earn? To quote the gigachads themselves:
“You no longer need to be an expert to earn like a pro… Pendle Earn is all about making yields easy and convenient. A streamlined experience that helps you earn and grow the Pendle way, without getting lost in mumbo-jumbo technicalities.
Alongside a familiar UX, comes easier integrations. From institutional powerhouses to centralized exchanges, Pendle Earn as a plug-and-play module paves the way for wider utilization of the protocol.”
Make sure to follow them on Twitter and check out the thread they just released on Pendle Earn below!
Biggest TVL Movers + Else
Chains are mostly red today. Top 50 chains up at least 30% on the monthly include Solana (#11), Cardano (#15), Stellar (#40), Parallel (#43), Acala (#45), and Starknet (#49).
Protocols are mixed today. Top 100 protocols up at least 50% on the monthly include Lybra Finance (#25), Marinade Finance (#45), Alpaca Finance (#47), Origin Defi (#68), Swell (#86), and Inverse Finance (#100).
Here’s The Top 12 Chains By TVL (from @DefiLlama):
Here’s The Top 12 Protocol 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:
(note: cryptofees(dot)info does not seem to be updating so here is the same data from @DefiLlama)
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 @BoundFinance. Twitter bio states “Worlds First LSDfi protocol turning any credit or debit card into a ~12% cashback card for all transactions. **Launch Date: 20th August**”. h/t @DegenCamp:
-New project called @withstable. Twitter bio states “Stable makes it easy for businesses to earn revenue with their own stablecoins. Backed by @polychain and @dragonfly_xyz”. h/t @DegenCamp:
-New protocol called @ShiPeDEX. Twitter bio states “Redefine frenship & liquidity on @ShibariumNet”. h/t @DegenCamp:
-New protocol called @tomcat_protocol. Twitter bio states “Convex for the Maverick Ecosystem”. h/t @DegenCamp:
-New protocol on @0xMantle called @0xOutTrade. Twitter bio states “Seamless and cost-efficient DEX. Powered by @0xMantle.” h/t @DegenCamp:
-Something new called @MixToEarn. Twitter bio states “MixToEarn $MTE is a privacy-focused blockchain project empowering users with anonymity and earnings.” h/t @DegenCamp:
-Something new called @zer0_dex. Twitter bio states “A @retro_finance fork on @0xpolygon zkEVM… Audited by @openzeppelin”. h/t @DegenCamp:
-New project called @SobalFi has been added to @DefiLlama. Twitter bio states “Powerful and flexible DeFi for all. Coming soon. Discord👇”.
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (minimum $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)
Other News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-Market now pricing in 100% chance of Fed rate hike next week, h/t @BiancoResearch:
-European Central Bank looking increasingly dovish on rate hikes apparently though:
-’Reddit Coins’ still generating a lot of attention, with major cex listing for $MOON:
-Interesting chart of Eth Mainnet vs L2 transactions over time, c/o @Dynamo_Patrick:
-Biggest TVL gainers among LSD protocols over the last week, c/o @Flowslikeosmo:
-Available homes on market in US dropping:
-US stock indices not far off all-time high’s, h/t @jake_pahor:
-CEX volumes were down 43.2% in Q2 (DEX volumes were down 28.1%), from a thread of highlights from @coingecko’s Q2 report:
-More discussion about significant decrease in Web3 VC funding:
-Good thread on Aave’s new stablecoin $GHO from @0xMughal:
-Good thread of protocols within the ‘Omnichain’ meta, c/o @god_crypt_:
-New interview with Pudgy Penguins founder @LucaNetz from @theempirepod:
-New ‘Good Morning Degen’ livestream from @blocmatesdotcom going over the pulse of crypto/defi:
-@BanklessHQ released a new interview with Uniswap founder @haydenzadams on UniswapX:
-Parting wisdom from @crypthoem:
Conclusion
Happy Wednesday 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 is the only part of The Daily Degen that is 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.