Happy Friday degens! Another eventful day in crypto!
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 @CryptoBubbles24):
Gold: $1,988.30
Oil (WTI): $82.94
US 10Y Treasury: 4.666%
Stocks (from:@News4Moves):
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
We are doing a recommendation-swap with our good friend @Route2Fi!
Route has a very popular Substack/newsletter called ‘The Black Swan’ where he writes on crypto, as well as general thoughts and ruminations about life in general :)
In this vein, he wrote a fascinating long-form essay recently on the topic of the digital nomad lifestyle within crypto and its positives and negatives and overall significance…
Make sure to check it out here and subscribe to his excellent Substack!
Biggest TVL Movers + Else
Chains are a bit red today. Top 50 chains green on all three timelines (daily, weekly, monthly) include Cardano (#13), Celo (#20), Osmosis (#22), Kujira (#34), Hedera (#37), and Acala (#43).
Protocols are also a bit red today. Top 50 protocols green on all three timelines (daily, weekly, monthly) include stUSDT (#7), Spark (#17), dYdX (#25), Prisma Finance (#31), Radiant (#33), WemixFi (#43), and Pinksale (#50).
Here’s The Top 12 Fastest-Growing Chains By TVL On The Weekly (from @DefiLlama):
Here’s The Top 12 Fastest-Growing Protocols By TVL On The Weekly (from @DefiLlama - note: this one has a minimum TVL filter so only includes protocols with at least $1M TVL):
Here’s The Top 12 Derivatives Protocols By 24 Hour Volume (from @DefiLlama):
Other Data Points
Bitcoin Fear/Greed Index:
(from @BitcoinFear)
Ethereum Fear And Greed Index
(from @EthereumFear):
Fee Generation (from cryptofees(dot)info):
Degen Alfa
(Exclusive data/information from our Official Sponsor @ChainEDGE_io - sign up today by clicking here!)
-24 Hour Smart Money Inflows/Outflows:
-New Launch Digest:
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 perps project on Arbitrum called @chromatic_perp. Twitter bio states “The era of decentralized futures exchange is not coming; it’s here. See the Future on Chromatic. Coming soon to Arbitrum testnet in Nov 2023”. h/t @GEkaeze:
-Something new called @rug_ai. Twitter bio states “Advanced AI Security Tooling”. h/t @Crypto_Joe10:
-New trading bot project called @MarketMakerBot. Twitter bio states “The bot purchases every sell on a token chart. By countering every sell order with an immediate buy, AMM BOT helps in reducing abrupt market movement”. h/t @toffee248:
-New project called @openworldex. Twitter bio states “The first decentralized derivative exchange that enables multi-asset trading (crypto, stock, bond, forex & cmdty) by anyone, anywhere, anytime.” h/t @toffee248:
-Something new called @aminorewards. Twitter bio states “Earn $AMO and redeem for incredible items and exclusive sports experiences. Download @aminomove now to earn $AMO! 🧬🧬 Customer Support: @aminohelpdesk”. h/t @CryptoNikyous:
-A new algo-stable on BSC called @BTCB2B has been added to @DefiLlama. Twitter bio states “The first fully secure and real DeFi solution for Bitcoin.”
-New multichain SocialFi project called @HiMarketSoFi has been added to @DefiLlama. Twitter bio states “…a decentralized and multi chain SocialFi application.”
-New Mantle SocialFi project called @chat3one has been added to @DefiLlama. Twitter bio states “Chat3 is Web3's premier live-streaming and socialfi platform”. Tweet below h/t @sookwangeth:
-New BSC SocialFi project called @GoTurnUp. Twitter bio states “Social DEX for digital membership. Time To #TURNUP (We are still in soft launch)”.
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (all types, minimum $1M+ TVL) and @stable_fish - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Important News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-SBF trial ends in guilty verdict:
-Description of events in the courtroom from @0x_tracy, and additional info from @AutismCapital:
-Treasury Secretary Janet Yellen’s decision to lean on short-term bill issuance vs long-term bond issuance continued to generate much discussion in macro circles today:
-$INJ, $SOL, and $MINA leading price action among top 100 tokens (from excellent weekly update thread by @thedefivillain):
-Arbitrum incentives program update c/o @JJCycles:
-Current market interest rate expectations c/o @charliebilello:
-Coinbase earnings report came out yesterday:
-Analysis of above from @ZachLight16 and @Matt_Hougan:
-Excellent thread + article from @CurveCap on @PrismaFi’s extremely noteworthy token launch yesterday (@PrismaFi now over $300M in TVL):
-Interesting chart from big thread of NFT data, h/t @nansen_ai:
-Big list of token news/catalysts from @the_defi_edge:
-New episode of NFA Live featuring @coinbureau, @NewsAsset, and @intocryptoverse:
-New panel discussion from @theempirepod discussing Solana vs Ethereum and a bunch of other topics, featuring @santiagoroel, @kukulabanze, and @Shaughnessy119:
-New livestream from @Blockbytescom featuring @0xBebis_ and @MasonCorval discussing all the biggest stories in crypto:
-Parting sentiments c/o @ledgerstatus:
Conclusion
Happy Friday friends! Stay alert out there amidst all the craziness!
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.