The Daily Degen- October 1st, 2024
All of today's news/data/alerts...
Happy Tuesday friends! Q4 2024 is upon us!
Let’s get after 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):
Gold: $2672.90
Oil (WTI): $67.18
US 10Y Treasury: 3.733%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Take note good degens! The @vertex_protocol X Sei Trading Competition Series 2 is live!
Once again… there will be three competitions, five days long each, with two tiers per competition!
And 150k SEI up for grabs!
- Round 1 Start: Monday, September 30th, 4PM UTC End: Saturday, October 5th, 4PM UTC
- Round 2 Start: Monday, October 7th, 4PM UTC End: Saturday, October 12th, 4PM UTC
- Round 3 Start: Monday, October 14th, 4PM UTC End: Saturday, October 19th, 4PM UTC
Make sure to read the posts below to get all the details, and follow Vertex on Twitter for more updates!
And visit the Vertex site to get started trading 50+ different perps and spot markets now at app.vertexprotocol.com!
Biggest TVL Movers + Else
Chains are mostly green today. Fastest-growing chains on the weekly with at least $20M TVL are ZKsync Era (not sure when they changed the capitalization from zkSync Era), BounceBit, and Celo.
Protocols are mixed today. Fastest-growing protocols on the weekly with at least $20M TVL are ETH Mainnet lending protocol Flux Finance, ETH Mainnet liquid-staking protocol Treehouse Protocol, and multichain derivatives protocol Astherus.
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):
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!)
-Something new called @Mega_BotETH. Twitter bio states “Native high frequency trading bot & sniper on @megaeth_labs . First to do it, best to do it. Let’s eat.🐈⛓️ ︻デ═一”. Followed by 4 of our mutuals. h/t @AresLabs_xyz:
-Something new called @stablehold. Twitter bio states “Redefining racehorse ownership, powered by cryptocurrency.” Followed by 5 of our mutuals. h/t @AresLabs_xyz:
-A new Avalanche restaking protocol called @SuzakuNetwork has been added to @DefiLlama. Twitter bio states “(Re)staking for sovereign networks”. Followed by 5 of our mutuals.
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (single-exposure, no-IL, and $1M+ TVL only) - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Security Alerts
-No security alerts today.
Important News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-$EIGEN is dominant topic in crypto this morning, h/t @Tyler_Did_It:
-Port strikes/shutdowns are dominant topic in macro today, h/t @typesfast:
-Recap of last ten days, h/t @thedefivillain:
-Sui bridge from ETH Mainnet is now live, h/t @leviathan_news:
-(Related) SUI headlines c/o @DegenerateNews:
-Upcoming unlocks info, from @NPC_68:
-Interesting TIA and DYM updates, also from @NPC_68:
-$TAO/Bittensor continuing to light up the TL, h/t @0xPrismastic:
-Another interesting update on popular NFT marketplace/etc @MagicEden, from @Tyler_Did_It:
-Alt-season upon us? h/t @CryptoKaduna:
-Extremely well-done summary of all the Aerodrome vs Uniswap and AMM architecture debates that have been going on, from @CurveCap:
-New discussion on the future of Ethereum from @BanklessHQ, featuring @MikeIppolito_ and @mikeneuder:
-New crypto/macro livestream from @noahseidman:
-Crypto news overview from @coinbureau:
-Parting wisdom from @Dynamo_Patrick:
Conclusion
Happy Tuesday friends and here’s to a great Q4!
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.