Happy Tuesday and Happy Election Day friends!
Let’s dive in!
As always… 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):
Total Crypto Market Cap: $2.43T
Gold: $2748.00
Oil (WTI): $72.16
US 10Y Treasury: 4.358%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
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Biggest TVL Movers + Else
Chains are mostly red today. Only top 25 chains green on the daily are Polygon (#8), and Core (#14).
Protocols are also mostly red today. Only top 25 protocols green on the daily are Uniswap (#6), Ethena (#10), and Pendle (#12).
Here’s The Top 12 Fastest-Growing Chains By TVL On The Weekly With At Least $100M TVL (from @DefiLlama):
Here’s The Top 12 Fastest-Growing Protocols By TVL On The Weekly With At Least $100M TVL (from @DefiLlama):
Here’s The Top 12 Entities By 24 Hour Fee Generation (from @DefiLlama):
Bitcoin Fear/Greed Index:
(from @BitcoinFear)
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 @Spotlight_IP. Twitter bio states “The First ꧁IP꧂ Memecoin Launchpad powered by @StoryProtocol $SPX”. Followed by 2 of our mutuals. h/t @AresLabs_xyz:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (all types, $20M+ TVL only) - 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)
-Election day has arrived! h/t @Tyler_Did_It:
-Interesting historical stat from @0xGumshoe:
-Reminder we are expected to get a 25 bps Fed rate cut this week as well, h/t @NickTimiraos:
-Crypto headlines from @0xSalazar:
-Top 10 tokens launched in October by market cap, h/t @CryptoRank_io:
-Cycle/meta thoughts from @QwQiao:
-AI updates from @sandraaleow:
-Token thoughts from @Prithvir12:
-Interesting background on @virtuals_io h/t @dcfgod:
-Thoughts on perps trading from @thedefivillain:
-Good thread on defi protocol @0xfluid, which has been getting lots of attention as of late:
-New crypto/macro video from @noahseidman:
-New interview with @DylanLeClair_ from @Blockworks_:
-New interview with Bridge founder Zach Abrams on being acquired by Stripe, from @theempirepod:
-New video on memecoin investing from @Jesseeckel_:
-Parting wisdom from @redphonecrypto:
Conclusion
Happy Tuesday friends! Enjoy the excitement and stay alert out there!!!
And please RT/subscribe/etc if you found this valuable!
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Note
The team at @silentdao_ is continuing to develop their revolutionary new on-chain privacy architecture… which is essentially meant to be a middleware privacy/encryption layer:
“Silent Protocol is building the ghost layer, a modular layer 1.5 providing compliant privacy built on the EZEE framework to become that structured playground for institutions and retail users that can provide compliant, secure and privacy preserving access to ethereum native and cross chain liquidity along with enabling access to applications.”
Our editor @rektdiomedes is helping bang the drum about everything @silentdao_ is working on, so make sure to follow them on Twitter for more updates and check out the great thread on them from @kenodnb 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.