Happy Thursday friends! 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: $2.41T
Gold: $2750.50
Oil (WTI): $71.08
US 10Y Treasury: 4.196%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Greetings good degens!
@asymmetryfin is having its Fixed Price Sale on @FjordFoundry!
“World’s Largest Financial Players Invested in This Project. Now You Can Too.
Asymmetry Finance has attracted investments from major financial institutions like F Prime (Fidelity’s token fund affiliate), the founders of Convex, and Sam Kazemian (founder of Frax). Here’s why they’re investing—and how you can join them on October 24.
Why Are They Bullish AF?
- Innovative Products: After record-breaking success with high-yield staking solutions like afCVX, Asymmetry is launching USDaf, a decentralized synthetic dollar offering 15-40% APY. Unlike Ethena, USDaf is decentralized and truly scalable for the next 100 million Web3 users.
- Significant Potential Returns: Holders of the governance token $ASF are positioned for substantial returns through governance-enabled revenue sharing. With USDaf, revenue could soar, potentially matching that of Ethena, which saw $4 billion TVL in just months.
- Experienced Team: Crypto veterans since 2014 with experience managing billion-dollar portfolios, committed to community and transparency.
Why Aren't You Bullish AF?
Did we mention the team is committed to the community? We mean it. The top-tier investors came in at valuations up to $60 million FDV—with lock-up periods and vesting schedules.
Starting NOW, you can get your hands on $ASF at $30 million FDV, fully liquid and knowing that nobody can possibly dump on you for at least 5 months. Furthermore, Asymmetry Finance is putting up 10% of the total supply on Fjord Foundry, giving the community the best opportunity to capitalize on the protocol’s success.
Best part? USDaf launches *after* the TGE, serving as a major catalyst that could boost the token’s value as adoption grows.
Sale has already started, so you might have to be quick af -> Join the sale here!”
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 25 chains red on all three timelines (daily, weekly, monthly) are Arbitrum (#6), Scroll (#13), Optimism (#15), Linea (#17), Mantle (#18), and Cronos (#19).
Protocols are also mostly green today. Top 25 protocols red on all three timelines (daily, weekly, monthly) include EigenLayer (#3), Rocket Pool (#9), Curve Finance (#16), Pancakeswap (#18), Symbiotic (#20), and Zircuit Staking (#23).
Here’s The Top 12 Fastest-Growing Chains By TVL On The Weekly With At Least $1M TVL (from @DefiLlama):
Here’s The Top 12 Fastest-Growing Protocols By TVL On The Weekly With At Least $1M TVL (from @DefiLlama):
Here’s The Top 12 Entities By 24 Hour Fee Generation (from @DefiLlama):
Bitcoin Fear/Greed Index:
(from @BitcoinFear)
Chart Of The Day
(Courtesy of our Official Sponsor @vertex_protocol)
-$SOL has surged back past $170 and the SOL/ETH ratio has never been higher! Do you think its outperformance will continue?!? 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!)
-Something new called @trollboxapp. Twitter bio states “Immortalize your words as tokens, collect trending content and trade your thoughts...” Followed by 6 of our mutuals. h/t @redphonecrypto:
-Something new called @ethcoinorg. Twitter bio states “Ethereum’s native hard money”. Followed by 6 of our mutuals. h/t @AresLabs_xyz:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (all types, $20M+ TVL only) - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Security Alerts
-No security alerts today.
Important News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-In macro world, gold is up, the dollar is up, and bond yields are up, h/t @great_martis:
-$GOAT keeps surging, h/t @Degenerate_News;
-(Related) Binance launching GOAT perps today, h/t @Tyler_Did_It:
-SOL/ETH ratio at all-time high’s, h/t @PaikCapital:
-Increasing anticipation re: election in markets, h/t @DaanCrypto:
-Stablecoin liquidity on TON increasing, h/t @Dynamo_Patrick:
-Interesting catch from @0xngmi re: MakerDAO that we meant to include yesterday:
-Random bits of alfa from @ayyyeandy:
-Latest real-time inflation numbers from @truflation:
-Extremely good longform article on $GOAT/@truth_terminal and the new AI-agent meta, from @0xPrismatic:
-General AI advancements continue at a flourishing pace, example from fascinating thread by @johnrushx below:
-New interview with tradfi-investing gigabrain @hkuppy:
-New livestream from @noahseidman, in discussion with @0xBebis_:
-New video from @0xResearch discussing a variety of defi-oriented topics:
-Parting wisdom from @NightOwlCapital:
Conclusion
Happy Thursday friends! Stay alert out there!
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.