Happy Saturday friends!
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: $1,992.20
Oil (WTI): $80.51
US 10Y Treasury: 4.577%
Stocks (from:@News4Moves):
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Lots going on with our friends at @StructFinance lately!
As background, Struct is a gigabrained new protocol on Avalanche that provides structured finance products to maximize investors’ risk-adjusted yields….
-They just released a detailed thread (see below) on their vault pairs, tranches, and everything else you need to know for maximizing your yields via their platform….
-They just hit 1,200 followers and $30,000,000 TVF on @DeBankDefi…
-And they just announced a special contest for those joining the Struct Community Union (check it out here, deadline November 12th!)…
We’ve been helping bang the drum about everything they’ve been building, so make sure to follow the Struct Twitter account for more updates and check out the aforementioned thread below!
Biggest TVL Movers + Else
Chains are mostly green today. Top 50 chains up at least 20% on the weekly include Celo (#20), Osmosis (#23), Thorchain (#24), Sui (#27), and NEO (#37).
Protocols are mostly green today as well. Protocols with at least $100M TVL up at least 25% on the weekly include Prisma Finance, Jito, WemixFi, Marinade Finance, and Spark.
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):
Degen Alfa
(Exclusive data/information from our Official Sponsor @ChainEDGE_io - sign up today by clicking here!)
-24 Hour Smart Money Inflows/Outflows:
-Sample 24 Hour Summary from @OnChainWizard himself:
November 02, 2023 chainEDGE - Today's Summary Big inflows into JOE, GRAIL and JPEG over the last 24hr, with each getting $50k of net swap inflows. Outflows were seen in PRISMA, TOKEN, GEKKO, BEAM and PRIME. In terms of new launches, MEME is far and away the most popular, with $44k of buys at $0.024 in the last 3 hours and 87% retention. New tokens with $50k+ smart money balances include MEME, Leroy Jenkins (lol), BEAM, Balkan Dwarf and Amino. Seems like some DeFi projects are catching a bid, which is a bit of a meta change vs. purely memes for the last few weeks. DeFi flows were seen in GRAIL, JPEG and LBR. Also, the best way to stay up to date on all of this information in real time is to sign up for our TG bot and start getting some alerts. Soon we will have the ability to run commands in the TG bot to return things like top 24hr flows, New Launch Digest and more token info. Trader highlight of the day goes to 💎 Gem Spotter 0x3fb...f6d with a $12k realized gain on Leeeeeeeroy Jeeenkins.
New Protocols
(note: this includes new defi protocols we find through combing Twitter each day, and we also include every (newly launched) protocol added by @DefiLlama - hence disclaimer: these are not pre-vetted by us so make sure to DYOR!)
-New project from the team at Aura Finance called @ButterBoost. Twitter bio states “PancakeSwap’s premier yield boosting platform, letting users stack CAKE faster”. h/t @dcfgod:
-New SocialFi project on Starknet called @xfamtech. Twitter bio states “The pioneering #SocialFi Network now Live on @Starknet 🦇 Access via Referral Codes only 🔠”. h/t @AresLabs_xyz:
-New GambleFi project called @WickedCasino. Twitter bio states “$WIK | The first ever fully-insured worldwide lotto bets & $50,000,000 jackpots with Crypto. | Live on 6 chains! | @AssureDefi trusted.” h/t @CryptoNikyous:
-New GambleFi project called @Caaconofficial. Twitter bio states “Jackpot lottery token built on the Ethereum network. Featuring revenue-sharing opportunities and an exciting lottery system. $CC”. h/t @CryptoNikyous:
-Another new GambleFi project called @monk_dot_gg. Twitter bio states “Crypto's homegrown player-vs-player casino… $MONKGG”. h/t @CryptoNikyous:
-New privacy-focused project on ETH Mainnet called @NightProtocol. Twitter bio states “Embrace elegant privacy with stealth addresses on ethereum. Coming soon, stay tuned!” h/t @toffee248:
-Something new called @ChiselXYZ. Twitter bio states “Easiest and most powerful tooling for ordinal inscriptions. Support for non-cursed bulk parent/child, Bring Your Own Satoshi, and reinscriptions.” h/t @toffee248 and @devaloft:
-Something new listed as a Derivatives protocol on Fuse Network called @DefiMirakle has been added to @DefiLlama. Twitter bio states “$Qiji Decentralized Perpeptual Exchange + Synthetic Stocks + Options”.
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (all types, minimum $10M+ 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)
-Stablecoin liquidity metrics finally starting to look less bearish, h/t @WClementeIII:
-Stock market had an extremely green week:
-OpenSea lays off over 50% of its staff:
-Dex volumes on Solana seeing surge, h/t @Dynamo_Patrick:
-Arbitrum staking proposal generating lots of attention, h/t @Crypto_McKenna:
-AI coins on a tear recently, h/t @thedefivillain:
-Bond market now pricing in no more rate hikes and first interest rate cut in May, h/t @intocryptoverse:
-Some @friendtech math from @stevenyuntcap:
-Another notable crypto trial scheduled for this spring:
-Good thread of yield farming opportunities from @kenodnb:
-Good thread on Coinbase from @HFAresearch:
-New video from @0xMughal on current hot topic within defi @PrismaFi:
-Excellent new macro interview with Joseph Wang @FedGuy12:
-New episode of Steady Lads podcast featuring discussion of everything going on in crypto markets right now:
-Parting wisdom from @0x_Kun:
Conclusion
Have a great Saturday degens 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 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.