Happy Tuesday friends! Let’s get after it!
Stats/alerts/etc at top and tweets/news/links/videos/etc at bottom… and all tweets are hyperlinked so just click on them to pull them up on Twitter!
Market Update
Crypto (from @CryptoBubbles):
Gold: $2432.40
Oil (WTI): $75.34
US 10Y Treasury: 4.181%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Take note friends! @hashflow has come to Base!
We're pumped to announce that Hashflow has integrated with @base . 🎉
Base is now one of the top 5 chains in both trading volume and TVL and we’re here for all of it.
We already access more than $8B in liquidity but why stop there? With this integration, we’re offering even more to our users - more liquidity, more options, and more of getting the best rates available - now on Base. 🤝
As previously noted, Hashflow is a native cross-chain dex aggregator we’ve been helping raise awareness about, that helps traders source the best prices + liquidity available and seamlessly transact across a variety of chains, including ETH Mainnet, Arbitrum, Avalanche, BSC, Optimism, Polygon, Solana, and now Base(!) - all without the risk and hassle of bridging or using synthetic assets!
And once again, make sure to follow Hashflow via their official Twitter account for more updates!
Biggest TVL Movers + Else
Chains are mostly red today. Only top 25 chains green on the weekly are Tron (#2), Solana (#3), Bitcoin (#12), Hyperliquid (#15), Bitlayer (#21), and Aptos (#22).
Protocols are mostly red today as well. Only top 25 protocols green on the weekly are EigenLayer (#2), etherfi (#5), JustLend (#6), Spark (#11), Curve Finance (#15), and Jito (#17).
Here’s The Top 12 Fastest-Growing Chains By TVL On The Weekly With At Least $50M TVL (from @DefiLlama):
Here’s The Top 12 Fastest-Growing Protocols By TVL On The Weekly With At Least $50M TVL (from @DefiLlama):
Here’s The Top 12 Entities By 24 Hour Revenue Generation (from @DefiLlama):
Bitcoin Fear/Greed Index:
(from @BitcoinFear)
Chart Of The Day
(Courtesy of our Official Sponsor @vertex_protocol)
-$SOL has been a massive topic of conversation lately, as its TVL continues to surge and excitement continues to grow surrounding it! SOL.D is still at less than 5% though and it still isn’t back to its previous ATH’s… do you think its going to go higher or lower anon? Express your thesis via spot or leverage and access 40+ other markets as well at app.vertexprotocol.com!
New Projects
(note: this includes new projects we find through combing Twitter each day, and we also include or re-include every newly launched protocol added by @DefiLlama that has at least some TVL or is followed by at least some of our mutuals - hence disclaimer: these are not pre-vetted by us so make sure to DYOR!)
-New project called @smort_xyz. Twitter bio states “The 1st Lossless Prediction Market on @solana. Principal protected SOL LST powered by @sanctumso, with up to 1000% APR for the smort.” Followed by 13 of our mutuals. h/t @AresLabs_xyz:
-Something new called @KuririnTrade. Twitter bio states “The pioneering native one-stop trading platform offers spot #Dex and peer-to-pool #Perp contract with up to 50x leverages built on the innovative @KakarotZkEvm”. Followed by 4 of our mutuals. h/t @AresLabs_xyz:
-Something new called @_atlasprotocol. Twitter bio states “Liquid Staking on Bitcoin via Chain Signatures”. Followed by 4 of our mutuals. h/t @AresLabs_xyz:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (all types, $1M+ TVL) - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Security Alerts
-No security alerts today.
Important News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-Today is Ethereum’s birthday:
-Update on the Compound Finance situation, h/t @0xngmi:
-Interesting news on the regulatory front, h/t @LDNCryptoClub for the analysis:
-Bitcoin chart looking very interesting as we approach the monthly close, h/t @noahseidman:
-Crypto apparently now has the largest Super PAC (political action committee) in the US, h/t @dunleavy89:
-August unlocks data from @tradetheflow_:
-Thoughts on flows and L1’s from @pythianism:
-Interesting discussion re: hardware wallets, h/t @heartereum and @SCHIZO_FREQ:
-Interesting bull thread on $AAVE from @TaikiMaeda2:
-Very long + fascinating thread on VELO and AERO from @Slappjakke:
-Additional headlines c/o @0xSalazar:
-Interview with Jordi Alexander @gametheorizing from @jediblocmates at @blocmatesdotcom about Mantle and other topics:
-Crypto portfolio update + else from @Jesseeckel:
-New @BanklessHQ interview with Mike Novogratz:
-New crypto news overview from @coinbureau:
-Parting sentiments from @iamDCinvestor:
Conclusion
Happy Tuesday friends! Stay alert out there!
And please RT/subscribe/etc if you found this valuable!
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***Note On Material: The ‘Spotlight’ and ‘Note’ sections 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.