The Daily Degen- October 18th, 2024
All of today's news/data/alerts...
Happy Friday good degens! Let’s get into it!!!
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: $2723.30
Oil (WTI): $69.72
US 10Y Treasury: 4.065%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Take note friends! The INFINIT Rewards System is now live and users can begin collecting INFINIT stones!
“INFINIT Stones reflect your contributions and stake in INFINIT's Ecosystem…
To earn Stones, participate in DeFi activities such as lending, borrowing, or LPing across various DeFi primitives through INFINIT Ecosystem Protocols or the INFINIT website...”
Users can max out their stone collecting in a variety of ways, including interacting with a host of popular defi protocols including Pendle, Renzo, Symbiotic, and a bunch of additional ones as well!
To learn more, make sure to read the below thread in full, as it contains all the important details!
We have been helping the team behind @Infinit_Labs raise awareness about everything they have been building, so make to to follow them on Twitter for continued updates!
Biggest TVL Movers + Else
Chains are mixed today. Fastest-growing chains on the weekly with at least $10M TVL are BSquared, Aptos, and Chainflip.
Protocols are also mixed today. Fastest-growing protocols on the weekly with at least $10M TVL are Echo Lending, Contango, AAVE (though that could be a data error), Lorenzo Protocol, and Meteora.
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 Entities By 24 Hour Fee Generation (from @DefiLlama):
Here’s The Top 12 Dex’s By 7 Day Volume (from @DefiLlama):
Bitcoin Fear/Greed Index:
(from @BitcoinFear)
Chart Of The Day
(Courtesy of our Official Sponsor @vertex_protocol)
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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 @relend_network. Twitter bio states “Lend. Relend. Repeat. Bringing scalable credit to decentralized finance Higher returns - Lower rates”. Followed by 3 of our mutuals. h/t @DeFiMinty:
-Something new called @GetGlazedHQ. Twitter bio states “The consumer layer of Web 3.” Followed by 3 of our mutuals. h/t @DeFiMinty:
-New project called @Truemarketsorg. Twitter bio states “News through markets. Bounties on truth. Trade global events 24/7”. Followed by 27 of our mutuals. h/t @AresLabs_xyz:
-Something new called @Mass_Build. No Twitter bio. h/t @AresLabs_xyz and @TariqLorgat95:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (all types, $1M+ TVL) - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Security Alerts
-There appears to have been an exploit of @tapioca_dao, h/t @DAdvisoor:
Important News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-Memecoins pumping, h/t @DegenerateNews:
-Bitcoin still considerably under typical post-halving performance, h/t @HalvingTracker:
-AI-cult memecoin $GOAT/@truth_terminal starting to get mainstream attention, h/t @alpha_pls:
-Apparently 1/3 of VC funding is now going to AI, h/t @milesdeutscher:
-Bitcoin fees spiking, h/t @intotheblock:
-EVM comes to $TAO/Bittensor, h/t @HighCoinviction:
-More info on yesterday’s Radiant Capital attack, h/t @bantg and @danielvf:
-Macro/China thoughts from @DTAPCAP:
-Memecoin thoughts from @krugermacro:
-Additional headlines/alfa from @TheDeFinvestor:
-Important thoughts from @Fiskantes:
-Newest gem-hunting livestream from @jediblocmates and @Grantblocmates at @blocmatesdotcom:
-Newest edition of NFA Live:
-New video from @BanklessHQ on the state of ze brypto markets:
-Parting wisdom from @screentimes:
Conclusion
Have a great Friday and stay alert out there friends!
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.