Happy Thursday 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: $1,952.10
Oil (WTI): $87.40
US 10Y Treasury: 4.966%
Stocks (from:@News4Moves):
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Take note good degens! @Penpiexyz_io is a cutting-edge yield boosting platform built on top of @pendle_fi that revolutionizes the way liquidity providers earn boosted $PENDLE rewards… without the need to lock any PENDLE tokens!
As the first SubDAO under the @magpiexyz_io SubDAO umbrella, Penpie has amassed an impressive $60M TVL across Ethereum, Arbitrum, BSC, and Optimism, representing a remarkable 30%+ of @pendle_fi's TVL…
Penpie also boasts an impressive treasury with over 9 million vePENDLE tokens. This positions the platform as the current top holder of vePENDLE. To acquire vePENDLE, Penpie incentivizes PENDLE holders to convert their tokens into mPENDLE, offering boosted APR and gigabrain campaigns like #PENDLERUSH!
We’ve been helping spread the word about what the Magpie/Penpie team is up to, so make sure to follow Penpie on Twitter for continued updates, and check out the excellent Medium article on all their key stats and metrics below!
Biggest TVL Movers + Else
Chains are nearly all red today. Top 50 chains down at least 15% on the weekly include Cardano (#17), MultiversX (#32), and Pego (#49).
Protocols are also quite red today. Top 100 protocols down at least 25% on the weekly include Convex Finance (#21), Aura (#38), Yearn Finance (#32), and Blur (#86).
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 Dex’s By 7 Day 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
-24 Hour Smart Money Summary From @OnChainWizard:
October 18, 2023 chainEDGE - Today's Summary RLB, LINK, BANANA, UFO and Real Smurf cate were today's smart money inflow leaders. This marks the second day this month of $30k+ inflows in BANANA as the token looks to find a bottom. In terms of new launches, TPX, OOGA and DAN all had $5k of smart money buys and 40%+ retention. From a smart money holdings perspective, chainEDGE smart money holds 11% of the SPX supply, 10% of Real Smurf Cat, 5% of JOE and 7% of BANANA. Notable tokens with $50k+ of smart holdings is: JOE, FLC, Tyrion, BANANA, Real Smurf Cat, Prophet, SPX, NEWS, SHIA, UNIBOT and RLB. Trader highlight of the day is 🎯 Sniper 0x0f1...1C6 who made a whopping $160k on CAL.
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 @sinum_app. Twitter bio states “Beta Test Stage 👾 🔊 The world's first Super App for web3 and crypto community”.
-New GambleFi project called @WagerDFS. Twitter bio states “The future of daily fantasy sports in crypto 🔮 | First time deposits get matched up to $100 using code "WAGER". 💰 | Up to 25x payouts!” h/t @CryptoNikyous:
-Another new GambleFi/trading bot project called @Sendpicks_io. Twitter bio states “On-chain Daily Fantasy Sports 🏈 🇺🇸 Decentralize your game, bet with SEND!” h/t @CryptoNikyous:
-Something new called @TheSoarTheory. Twitter bio states “Innovative liquidity experiment - Introducing the concept of liquid rebuying creating positive price action ♻️💧”. h/t @CryptoNikyous:
-New zkSync yield aggregator called @SyncYield has been added to @DefiLlama. Twitter bio states “Optimizing returns through precision yield farming on @zkSync 🌱 - combining lending and farming for maximum gains 📈”
-New yield aggregator on Sui called @suipearlfi has been added to @DefiLlama. Twitter bio states “Yield Optimizer on #SuiNetwork”.
-Previously-mentioned MultiversX dex @DX25Labs has been added to @DefiLlama. Twitter bio states “DX25 is a revolutionary DEX on @MultiversX , with single-sided liquidity, concentrated liquidity, and multiple fees for efficient trading and higher earnings 🚀”
-New Scroll lending protocol called @loansharktech has been added to @DefiLlama. Twitter bio states “A lending protocol with a risk isolated lending pool structure that offers superior capital efficiency on @Scroll_ZKP.”
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (all types, $5M+ 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)
-US 30 year fixed mortgage rates cracked the 8% threshold yesterday, a staggering rise from the 2.5% level they were at in 2021:
-The Grayscale Bitcoin Trust discount has now tightened to -13.11%:
-Bond market craziness continues:
-Coinbase launched their perps offering for non-US customers yesterday, h/t @ki_young_ju:
-Aptos blockchain was apparently down for four hours yesterday, which generated quite a bit of discussion:
-Dex @mavprotocol getting a lot of attention lately, sample from @DeFi_Made_Here below:
-Florida passes New York to become 2nd biggest state residential real estate market in US:
-Some interesting data from @nansen_ai:
-Tokenized Pokemon cards continue to generate attention, h/t @S4mmyEth:
-Good thread on THORChain from @jake_pahor’s ongoing project research series:
-Thoughts on future c/o @pythianism:
-New livestream from @RealVision with macro gigabrain Tony Greer @TgMacro:
-Newest daily video on SBF case from @laurashin:
-New video from @0xMughal with thoughts on Q4 re: crypto:
-New @leviathan_news livestream featuring @CurveCap and @traders_insight going over all the top stories in crypto:
-Parting sentiments c/o @ShivanshuMadan:
Conclusion
Have a great Thursday lads and ladettes!
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.