Happy Thursday friends! Lots of stuff going on!
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 @CryptoBubbles):
Gold: $1,991.40
Oil (WTI): $84.51
US 10Y Treasury: 4.947%
Stocks (from:@News4Moves):
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Our monthly sponsor for October is @ChainEDGE_io, an on-chain analytics platform created by our friend @OnChainWizard!
It contains:
-A live real-time smart money Alpha Stream;
-New launch digest;
-Smart-money daily inflow/outflow tracking;
-Top PNL trades of the day;
-List of top 0.01% of wallets by on-chain PNL;
-Daily summary from @OnChainWizard himself;
-And more!
Make sure to sign up now to try it out for yourself!
Biggest TVL Movers
Chains are very green today. Top 50 chains up at least 30% on the weekly include Pulse Chain (#13), Cardano (#14), Thorchain (#24), Mantle (#35), Kujira (#36), Stacks (#46), and Acala (#49).
Protocols are very green today as well. Top 100 protocols up at least 75% on the weekly include Pando on Mixin (no category given), BendDAO on ETH Mainnet (no category given), Solana liquid-staking protocol Marinade Finance, multichain yield ecosystem Magpie, and Solana liquid-staking protocol Jito.
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 TVL (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!)
-New project called @Bedrock_DeFi. Twitter bio states “Bedrock is a non-custodial solution that brings a whole new level of compliance, transparency and security to liquid staking. By @rockx_official”.
-New SocialFi project called @Jamfrens. Twitter bio states “Building the first Web3 native “Friend Tech” app based on @farcaster_xyz & @LensProtocol”.
-Something new called @DTrust_io. Twitter bio states “DTrust generates smart trust agreements on the ethereum virtual machine. This is the law of trusts on the blockchain--decentralized trusts.”
-New project called @OptionX_. Twitter bio states “A @dopex_io -powered telegram/discord bot. Hedge cryptocurrency assets like BTC, ETH, ARB, and others 💎.” h/t @twindoges:
-New project called @Relaydapp. Twitter bio states “Revolutionizing DeFi's infrastructure.” h/t @twindoges:
-New project called @LendexERC. Twitter bio states “Lendex is a decentralized finance protocol that brings fixed-rate, fixed-term lending to Ethereum-based blockchains.” h/t @twindoges:
-New GambleFi/Trading Bot project called @Bet_Slinger. Twitter bio states “Telegram is now your gambling home. BetSlinger is a telegram bot to play games and gamble on Ethereum blockchain.” h/t @twindoges:
-New Trading Bot project called @TradeWizBot. Twitter bio states “Private key stored locally┃UI interaction. Unite data-driven insights with unmatched convenience. Launch Soon.” h/t @twindoges:
-New yield aggregator on Base called @BAYield has been added to @DefiLlama. Twitter bio states “Best-in-class yields on @BuildonBase…”
-New Scroll dex called @coffee_vedex has been added to @DefiLlama. Twitter bio states “Most Decentralized Native ve(3,3) DEX owned by People, Public Liquidity Layer of @Scroll_ZKP”.
-Previously-mentioned Base dex @AlienBaseDEX has been added to @DefiLlama. Twitter bio states “Trade confidently on AlienBase... Farm and stake tokens... Alien Base is developed and managed independently of Coinbase / Base team”.
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (minimum $5M+ TVL, single-exposure, and no-IL only) 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)
-ETH Mainnet gas fees spiking again with renewed excitement in markets, h/t @0xFlips:
-Bitcoin dominance hits 54%, h/t @jake_pahor:
-The Japanese Yen broke through the 150 level, generating much attention in macro:
-Solana continues to generate outsized performance/attention, h/t @Crypto_McKenna:
-Osmosis, Liquidchain, and Hedera leading on stablecoin liquidity growth over the last week, h/t @Flowslikeosmo:
-Macro updates from China and the Eurozone from @Schuldensuehner:
-Tether/Bitfinex continues push into RWA:
-S&P 500 down 8.76% from its yearly high on July 31st, from thread by @BiancoResearch:
-Some trading/investing thoughts from @TheFlowHorse:
-New missive from Arthur Hayes:
-Good thread on @CelestiaOrg and their coming token launch/airdrop fulfillment from @Cito_Zone:
-New Chainlink-focused interview on @BanklessHQ with @ChainLinkGod and @CatfishFishy:
-Excellent new livestream from @noahseidman on everything going on in crypto + macro:
-New video on $ETH yield strategies from @0xMughal:
-Good appearance by Jim Bianco @BiancoResearch on Bloomberg for anyone looking for a short overview of the macro situation right now:
-Parting thoughts from @hosseeb:
Conclusion
Have a great Thursday good degens!
And please RT/subscribe/etc if you found this valuable! :)
-
-
-
-
Note
Silent Protocol @silentdao_ is an extremely interesting new project currently building something quite significant + ambitious re: on-chain privacy…
Rather than a standalone chain or a mixer, the idea is to create a composable middleware encryption layer that allows privacy preservation within the EVM itself, allowing users to interact with defi protocols anonymously…
Our editor @rektdiomedes is working with the @silentdao_ team to help with education/drum-banging/etc… so make sure to follow them on Twitter and check out the excellent article on them from @SuDoResearch below!
-
-
***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.