Happy Friday degens!
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: $1,988.70
Oil (WTI): $73.78
US 10Y Treasury: 4.41%
Stocks (from:@News4Moves):
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
The team at @HMXorg is shipping some interesting stuff good frogs!
Their new Customized Index Market (CIM) has launched, starting off with the US Dollar Index Market (DIX)!
DIX offers a strategic way to speculate on the USD against six major currencies. With options for long or short positions and up to 1,000x leverage, it mirrors the flexibility of traditional FX markets, and utilizes a sophisticated design that uses geometric mean for accurate currency weighting…
With low trading fees and a weekly $150,000 reward pool, DIX is a significant addition for traders, and yet another important innovation from the HMX team!
We have been helping raise awareness about what the crew at HMX has been up to, so make sure to give them a follow on Twitter to stay updated on some additional big products/features that they will be releasing in the coming weeks!
Biggest TVL Movers + Else
Chains are quite red on the daily, with only exceptions among top 30 chains being Osmosis (#19), Klaytn (#24), and Kujira (#28).
Protocols are also quite red today, with only exceptions among top 50 being stUSDT (#8), dYdX (#26), and Thorchain (#37).
Here’s The Top 12 Chains By TVL (from @DefiLlama):
Here’s The Top 12 Protocols By TVL (from @DefiLlama):
Here’s The Top 12 Chains By 7 Day Stablecoin Inflow % (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 @witnesschain. Twitter bio states “Building Watchtower networks: The first line of defense for rollups.” h/t @sreeramkannan:
-Something new called @nirvanalabsai. Twitter bio states “⚛️Enlightening Blockchain Infrastructure with Nirvana Cloud, a blockchain optimized cloud.” h/t @AresLabs_xyz:
-New project called @Rho_xyz. Twitter bio states “On-chain, professional-grade interest rates market for institutions. Private beta launching! DM for whitelist.” h/t @AresLabs_xyz and @daedalus_angels:
-New project that just started their beta launch called @beoble_official. Twitter bio states “The chat solution for Web3 people 💬 backed by @DCGco, @SamsungNext, @HashKey_Capital, @gbvofficial and more.” And again h/t @AresLabs_xyz - make sure to give them a follow!
-New treasury-backed stablecoin project called @USDV_Money. Twitter bio states “Introducing Verified USD($USDV)—the 1st omnichain tokenized treasury-backed stablecoin, developed by the Verified USD Foundation. Verified value on any chain.” h/t @thealphadigest:
-Something new called @orders_exchange. Twitter bio states “The First Orderbook DEX for #BRC20, revolutionizing the #Bitcoin #DeFi ecosystem… Liquidity Pool Reward #RDEX”. h/t @thealphadigest:
-New BSC project called @Harbor_Market. Twitter bio states “Decentralized lending protocol (coming soon)”. h/t @thealphadigest:
-New Solana AMM called @NovaDEX_io. Twitter bio states “Trade, earn, and grow with NovaDEX’s concentrated liquidity AMM on the high-performance @Solana blockchain”. h/t @thealphadigest:
-Something new called @ethscriptions. Twitter bio states “Ethscriptions are a new way of creating and sharing digital artifacts on Ethereum using transaction calldata…” h/t @thealphadigest:
-New options protocol being built on Arbitrum called @Moby_trade. Twitter bio states “The Next Options Protocol with Maximized Liquidity - 250x leverage - No liquidation - Narrower spread Now developing on @arbitrum…” h/t @thealphadigest:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (all types, $1M+ TVL) 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)
-TVL on an uptrend but still only three standalone chains with at least $1B in TVL (note: they apparently include Polygon as an L1 rather than an L2):
-Market now pricing in a Fed interest rate cut in May, h/t @charliebilello:
-Latest real-time inflation data from Chainlink-powered @truflation:
-US presidential candidate Vivek Ramaswamy appeared on @BanklessHQ and continues to make crypto a major topic of his campaign:
-Interesting chart from @DanielBZhou showing that Zoomers will now make up a larger part of the workforce than Boomers from 2024 onward (note: this is based on the Pew definition of Zoomers as post-1997 births though we prefer Strauss/Howe cutoff of post-2004):
-Good perspective from @rancune_eth on just how much higher market caps got back in the last bull market:
-Two excellent threads on Kujira- which has been getting a lot of attention lately- from @thedefinapkin and @Prithvir12:
-Excellent thread on @blur_io from @ReveloIntel as NFT volumes begin climbing back up:
-Very good thread of yield farming opportunities from @My_SexyLife:
-Some trading/investing thoughts from @defi_gaz:
-Some cycle thoughts from @loomdart and @CL207:
-New episode of NFA Live featuring @coinbureau, @NewsAsset, and @intocryptoverse:
-Good video from @Dynamo_Patrick on setting up a Phantom wallet for those degens trying out Solana for the first time:
-Interesting new interview with crypto OG @QwQiao from @Lightspeedpodhq:
-Some crypto and life applicable parting wisdom from @TheRealeStateG6:
Conclusion
Happy Friday lads and ladettes! Stay alert out there!
And please RT/subscribe/etc if you found this valuable! :)
-
-
Note
Our monthly sponsor for November is @ChainEDGE_io, created by our good friend @OnChainWizard to be the best tool available for active on-chain traders!
ChainEDGE offers customizable alerts, live real-time swaps info, smart money Alpha Stream, new launch digest, smart-money daily inflow/outflow tracking, a breakdown of the top 0.01% of most profitable on-chain wallets, and a daily summary from @OnChainWizard himself…
The team at ChainEDGE is shipping like crazy too and has some big tools and updates in the pipeline!
Make sure to sign up now to try it out for yourself, and check out @OnChainWizard’s latest demo of it below!
-
-
-
-
***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.