Happy Monday friends! Start of another big week!
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: $2.46T
Gold: $2753.20
Oil (WTI): $70.53
US 10Y Treasury: 4.136%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Greetings good degens!
@Contango_xyz is having its LBP on @FjordFoundry!
“Contango has found product-market fit in less than a year with a product that’s narrative-agnostic, while allowing you to capitalize on emerging narratives as they arise. It’s already outperformed the DeFi sector during tough market conditions, consistently hitting all-time highs (more on this here).
This is what Contango achieved with automatic on-chain looping alone. Their v3 introduces the best-in-class spot market, expected to significantly expand their user base.
The platform’s success will be fully captured by $TANGO, a token with sound utility, designed to benefit stakers through 100% of Contango trading fees, Balancer pool fees, and Balancer incentives for liquidity providers.
Starting on October 21, 12 PM UTC, 6.7% of the $TANGO supply will be available in a limited fixed-price sale at a $45M valuation—matching their last round that included 40+ notable investors, but this time with no vesting.
Additionally, Contango has implemented smart mechanisms to prevent sell pressure post-TGE (more details here).”
The sale has already started! To learn more and secure an allocation, head to the official sale page via the link below!
https://app.fjordfoundry.com/pools/0x1A8B3dAAda7C7fBf35446626c76CabE23bc7A2C8
Note: This Spotlight is part of our partnership with @TailoredWeb3 from our friend @JiraiyaReal!
Biggest TVL Movers + Else
Chains are mostly green today. Only top 50 chain red on all three timelines (daily, weekly, monthly) is Arbitrum (#6).
Protocols are mostly green as well. Only top 100 protocols red on all three timelines (daily, weekly, monthly) include Zircuit Staking (#20), and Franklin Templeton (#60).
Here’s The Top 12 Fastest-Growing Chains By TVL On The Weekly With At Least $50M TVL (from @DefiLlama):
Here’s The Top 12 Fastest-Growing Protocols By TVL On The Weekly With At Least $50M TVL:
Here’s The Top 12 Entities By 24 Hour Fee Generation (from @DefiLlama):
Bitcoin Fear/Greed Index:
(from @BitcoinFear)
Chart Of The Day
(Courtesy of our Official Sponsor @vertex_protocol)
-The election is only two weeks away and Bitcoin is still under 70k anon! Do you think its gearing up for a potential post-election bounce?!? Express your thesis via spot or leverage now with Vertex and access 50+ other markets as well at app.vertexprotocol.com!
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 @0xLoveAI. Twitter bio states “Create, deploy, discover, and monetize AI dApps in 3 clicks with our no-code app deployer ✨ Built with censorship resistant blockchain infra & language models”. Followed by 7 of our mutuals.
-New project called @Effi_Frontier. Twitter bio states “Efficient Frontier, a collaboration between SignalPlus and Bittensor, democratizes access to institutional-grade trading strategies for retail traders.” Followed by 1 of our mutuals. h/t @jasminervaa:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (single-exposure, no-IL, and $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)
-There are still record amounts of cash on the sidelines despite stock market and gold both trading at ATH’s, h/t @EricBalchnuas:
-Solana memecoin $GIGA is surging upwards as memes and AI continue to dominate attention share, h/t @DegenerateNews:
-Stripe’s new acquisition of stablecoin platform Bridge for $1.1B is apparently largest-ever acquisition in crypto history, thoughts on significance of it below from @QwQiao:
-Reminder that Scroll airdrop is coming soon, h/t @NPC_68:
-VanEck EU Enables Staking for the $VSOL Solana ETP, h/t @matthew_sigel:
-GeckoTerminal (good alternative to DexScreener) adds new feature for historical holders’ count, h/t @bobbyong:
-Good recap on @truth_terminal/$GOAT and the general investment thesis on it from @alpha_pls:
-Additional news c/o @blocmatesnews:
-Solana has gone from 2.84% of dex volume and fifth place in volume share in January 2023 to 25.1% and first place today, h/t @zerototom:
-Random memecoin-trading alpha from @based16z:
-Yet more important long-form schizo thoughts on AI/crypto/etc from @goodalexander (click to read in full):
-New video of TA/market analysis/etc from @DaanCrypto:
-New video from @santiagoroel and @JasonYanowitz at @theempirepod:
-Parting wisdom from @Dynamo_Patrick:
Conclusion
Happy Monday friends let’s get after it this week!
And please RT/subscribe/etc if you found this valuable!
-
-
-
-
***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.