Happy Wednesday friends! Yet another FOMC Meeting is upon us!
Let’s dive in!
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: $2464.60
Oil (WTI): $77.10
US 10Y Treasury: 4.104%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
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Visit their site now at app.vertexprotocol.com! And make sure to follow them on Twitter for more updates!
Biggest TVL Movers + Else
Chains are mixed today. Only top 25 chains green on all three timelines (daily, weekly, monthly) are Solana (#3), Mode (#18), and Aptos (#22).
Protocols are mostly red today. Only top 30 protocols green on all three timelines (daily, weekly, monthly) are Curve Finance (#15), Jito (#17), Venus (#21), Marinade (#26), and Raydium (#29).
Here’s The Top 12 Fastest-Growing Chains By TVL On The Weekly With At Least $1M TVL (from @DefiLlama):
Here’s The Top 12 Fastest-Growing Protocols By TVL On The Weekly With At Least $1M TVL (from @DefiLlama):
Here’s The Top 12 Entities By 24 Hour Fee Generation (from @DefiLlama):
Bitcoin Fear/Greed Index:
(from @BitcoinFear)
Top Trending Tokens
(from @dexscreener - 24 hour timeframe)
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!)
-Something new called @glider_fi. Twitter bio states “crypto trading on autopilot. build, test, & execute automated trading strategies onchain with ease. no code required. powered by chain abstraction & intents.” Followed by 3 of our mutuals. h/t @twindoges:
-Something new called @EIP7503. Twitter bio states “EIP-7503 🌌 Zero-Knowledge Wormholes 🕳️ Privacy Extension for Ethereum”. Followed by 3 of our mutuals. h/t @twindoges:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (all types, $10M+ TVL) - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Security Alerts
-Security alert from @CyversAlerts:
Important News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-Another FOMC Meeting (Fed interest rate decision) is upon us! Market is pricing in a very small chance of a cut today but near certainly of a cut in September, h/t @DaanCrypto:
-New headline re: Treasury increasing liquidity buybacks is generating lots of attention:
-BOJ also generating much attention in macro world:
-Nvidia’s volatility has surpassed that of Bitcoin and Ethereum currently, h/t @LDNCryptoClub:
-Pumpdotfun continues to generate massive revenue, h/t @Tyler_Did_It:
-Lot of talk on the TL about potential Circle (USDC) IPO within the next year, h/t @Eug_Ng:
-Newly issued memecoins' total market cap this cycle is apparently bigger than the total NFT market cap from last cycle, h/t @DoveyWan:
-Important heads up from @0xAlunara that the cvxFXS pounder from Llama Airforce Union is shutting down:
-Additional headlines c/o @blocmatesnews:
-Extremely thorough thread on opsec from @PendleIntern:
-Interesting chart re: US housing from @LynAldenContact:
-New @thebellcurvepod interview with Lukas Bruder @buffalu__ from Jito:
-New @Blockworks_ video for our hardcore macro fans:
-Parting sentiments c/o @larpalt:
Conclusion
Happy Wednesday good degens!
And please RT/subscribe/etc if you found this valuable!
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Note
The team at @silentdao_ is diligently working on some extremely important privacy tech, building what is essentially meant to be a middleware privacy/encryption layer designed to facilitate composable privacy solutions within the EVM itself... so that you can utilize all the same mechanisms and protocols on-chain you normally would, but with built-in privacy protection while you do so!
Our editor @rektdiomedes has been helping raise awareness about what the @silentdao_ team have been building, and their launch is coming soon, and follow them on Twitter for more updates!
And make sure to check out their latest article below!
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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.