Happy Sunday friends! Q4 2023 is here!
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: $1,848.40
Oil (WTI): $90.79
Stocks (from:@News4Moves): N/A
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Attention degens… @HMXorg has just hit a significant milestone… smashing through $3B cumulative trading volume within only 90 days of their full-scale launch!
As background, HMX is a new perp dex on Arbitrum providing a CEX-like user experience via an array of unique features such as a Progressive Web Application, referral program, integration for bot trading, up to 1000x leverage, multi-asset collateral, and cross-margin positions… all on-chain in a permissionless, transparent, self-custodied environment….
We are helping raise awareness about what they have been building, so make sure to follow them on Twitter to stay updated on the offerings and enhancements they have lined up to elevate your on-chain trading experience!
Biggest TVL Movers + Else
Chains are quite green today. Biggest gainer on the weekly among top 50 chains is Linea (#40) at +70.24%, and biggest loser is Mixin (#17) at -60.72% (due to the exploit they suffered obviously).
Protocols are quite green today as well. Biggest gainer on the weekly among top 100 protocols is Silo Finance (#56) at +73.08%, and biggest loser is Bwatch (#89) at -75.56%.
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):
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 @basedappHQ. Twitter bio states “Web3 banking made easy with Visa card and the BasedApp wallet.” h/t @melmelmelting:
-Something called @Bsafe_Fuel. Twitter bio states “BSAFE is a multisig tool created to manage finances. Powered by @fuel_network…” h/t @thealphadigest:
-New dex on Scroll called @skydrome. Twitter bio states “The Central Trading & Liquidity Marketplace on @Scroll_ZKP..." h/t @thealphadigest:
-New project called @Pioner_io. Twitter bio states “Hub of derivatives as collateral.” h/t @thealphadigest:
-New SocialFi project called @etyut_io. Twitter bio states “Social network on blockchain with artificial intelligence”. h/t @thealphadigest:
-Previously-mentioned Linea dex @AncoraFinance has been added to @DefiLlama. Again, Twitter bio states “ANCORA FINANCE helps you make the most out of your crypto in three ways: Trade, Earn, and Win.”
Important News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-Update on US government shutdown issue:
-New blog post from Vitalik:
-Bond market crisis continuing to percolate:
-Bullish data from @milesdeutscher:
-Related, last month was apparently the first green September for $BTC in seven years:
-Interesting actions by FTX hacker, h/t @CoinDesk and @WazzCrypto:
-Interesting chart re: Uniswap c/o @tokenterminal:
-”Key-Swapping” generating attention on @friendtech:
-Latest inflation data from @truflation:
-Interesting long-form post about situation in US commercial real estate from @sweatystartup:
-@BanklessHQ interviewed Chainlink founder Sergey Nazarov in an interview that’s generating lots of discussion:
-Another good @TaikiMaeda2 video, on $MKR, $FXS, and and $CANTO:
-Excellent long-form analysis of Arbitrum grant applications and their implications for the various protocols in question, c/o @DeFi_Made_Here:
-Excellent new crypto/macro overview from @Blockworks_ featuring @MikeIppolito_ and @MarkYusko:
-Parting wisdom c/o @DegenSpartan:
Conclusion
Happy Sunday friends! And happy Q4!
And please RT/subscribe/etc if you found this valuable! :)
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Note
Our monthly sponsor for October is @ChainEDGE_io! ChainEDGE is the creation of our good friend @OnChainWizard, and we are stoked to be helping raise awareness about it! To quote the official site, ChainEDGE provides:
“Actionable, cross-chain crypto data analytics for any level of trader. Follow top crypto traders, dive into any wallet and monitor their trading activity. Uncover unique insights and perform due diligence with our rich, cross chain data and stop being exit liquidity today.”
ChainEDGE also offers a live real-time smart money Alpha Stream, smart-money daily inflow/outflow tracking, daily summary from @OnChainWizard himself, and more!
They also just launched a New Launch Digest, so make sure to sign up now to utilize it as well!
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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.