Happy Saturday friends! 2023 is halfway done and Q3 is here!
Let’s dive in!
Stats/alerts/etc at top and tweets/news/links/videos/etc at bottom as always!
[Note: As always all tweets are hyperlinked so just click on them to pull them up on Twitter]
Market Update
Crypto (from @cryptobubbles24):
Gold: $1,919.80
Oil (WTI): $67.64
Stocks (from:@News4Moves):
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Bunch of updates from the gents at @StructFinance today!
As background, Struct is a new protocol we are helping build awareness about that is building on Avalanche and unlocking gigabrain structured finance products for defi users to use to maximize their risk-adjusted yields!
This includes @GMX_IO and GLP - and @StructFinance will be enhancing their yields via their GMX Avalanche Rush incentives over the next few months!
Other updates include the fact that Struct just got listed on @DeBankDeFi and @DefiLlama… just launched two new USDC-USDC vaults… and just published new translations of their Litepaper in French, Chinese, Turkish, and Vietnamese!
They also just got featured on the official Avalanche blog, so make sure to check that out below to learn more about everything they are building!
Biggest TVL Movers + Else
Chains are very green today. Top 30 chains up at least 10% on the monthly include Bitcoin (#14), zkSync (#16), and Gnosis (#26).
Protocols are mostly green today. Top 100 protocols red on all three timelines (daily, weekly, monthly) are GMX (#19), dYdX (#25), Benqi (#36), Blur (#45), VVS Finance (#47), Quickswap (#52), BendDAO (#53), BiSwap (#64), Trader Joe (#65), ParaSpace (#69), Stader (#73), Camelot (#80), Kava Earn (#95), and Kava Liquid (#96).
Here’s The Top 12 Chains By TVL (from @DefiLlama):
Here’s The Top 12 Protocols By TVL (from @DefiLlama):
Here’s The 7 Day Stablecoin Inflow/Outflow %’s For Top 12 Chains By Stablecoin Market Cap (from @DefiLlama):
Other Data Points
Bitcoin Fear/Greed Index:
(from @BitcoinFear)
Ethereum Fear And Greed Index
(from @EthereumFear):
-24 hour fee generation info 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 @kroma_network. Twitter bio states “Experience the Full Spectrum of Scaled Ethereum | Kroma is a Universal ZK Rollup on Ethereum”.
-Something new called @MysGate_xyz. Twitter bio states “A decentralized Crosschain protocol of #BRC20. #MysGate is an essential infrastructure for the development of #BTC-Fi”.
-Something new called @storm_trade_ton. Twitter bio states “Decentralized leveraged trading platform in Telegram based on #TON | As simple as possible ⚡”.
-New protocol called @TenXExchange. Twitter bio states “First Exchange to launched on @tenet_org $TENX is LIVE on $TENET Join TG and keep in touch with the community”.
-New zkSync protocol called @zkSwap_finance has been added to @DefiLlama. Twitter bio states “The 1st Swap to Earn DeFi Dex on @zkSync Era ecosystem”.
Security Alerts
-@peckshield released the following alert re: Biswap_Dex:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (all types, minimum $5M+ TVL) 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)
-News about institutions having to re-file their ETF applications was major story of the day:
-Lots of discussion re: above, sample from @NorthRockLP below:
-Some macro updates from @KobeissiLetter:
-Litecoin follows Bitcoin Cash upward as OG crypto tokens continue mooning, h/t @PeterLBrandt:
-Interesting macro chart from @LynAldenContact:
-$92.55M was lost to a total of 42 defi exploits in June, according to @PeckShieldAlert:
-Interesting chart from @RaoulGMI of total crypto market cap not including $BTC and $ETH:
-Still lots of discussion re: impending selling pressure on key alts:
-Good update on Coinbase/SEC situation from @vishal4c:
-Interesting thoughts + data on $ETH liquid staking from @ThorHartvigsen:
-Good thread on $COMP’s recent news + price action from @DefiIgnas:
-Thread from @CryptoNikyous of some interesting newly-launched protocols to keep an eye on:
-Wise sentiments from @DeFiSurfer808:
-Excellent weekly roundup video from @BanklessHQ of the 20+ top stories in crypto:
-New crypto + macro livestream from @noahseidman:
-Good new episode of @thebellcurvepod discussing Prime Trust, RWA’s, Azukis, current market outlooks, and more - featuring @pythianism, @MikeIppolito_, @im_manderson, and @JasonYanowitz:
-Parting wisdom from @alpha_pls:
Conclusion
Have a great Saturday friends and don’t forget to touch some grass this weekend!
And please RT/subscribe/etc if you found this valuable! :)
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Note
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https://gmx.io/?ref=thedailydegen
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***Note On Material: The ‘Spotlight’ and ‘Note’ sections 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.