Happy Friday good degens!
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: $1,986.00
Oil (WTI): $84.64
US 10Y Treasury: 4.877%
Stocks (from:@News4Moves):
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Our friends at @magpiexyz_io are celebrating their one year anniversary today and have something special cooked up!
As background, @magpiexyz_io is a multi-chain defi ecosystem providing yield and veTokenomics boosting services, supporting well-respected and popular defi protocols like @pendle_fi, @WombatExchange, @RDNTCapital, and @CamelotDEX. You most likely know them through their Pendle-specific iteration @Penpiexyz_io!
To celebrate their birthday they’ve crafted a very cool Galxe campaign where users can complete tasks and mint Magpie Anniversary OAT’s to receive a special Discord roles and participate in a $5,000 giveaway!
We are big fans of Magpie and have been helping spread the word about everything they’ve been building, so make sure to follow them on Twitter and check out their aforementioned campaign below or via the official Galxe campaign page by clicking here!
Biggest TVL Movers
Chains are mixed today. Chains with at least $5M TVL up at least 50% on the weekly include Scroll, Stacks, Bitfrost, and Ergo.
Protocols are mostly red today. Protocols with at least $5M TVL up at least 100% on the weekly include multichain RWA protocol Aktionariat, multichain synthetics protocol Taiga Protocol, Cardano protocol Astarter (no category given), Mixin protocol Pando (no category given), ETH Mainnet ‘Index’ protocol Index Coop, ETH Mainnet NFT marketplace Flooring Protocol, ETH Mainnet ‘Index’ protocol Set Protocol, Ton liquid-staking protocol Ton Stakers, Acala liquid-staking protocol Acala Liquid Staking, Stacks dex ALEX, and Arbitrum yield protocol PlutusDAO.
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 Chains/Protocols By 24 Hour Fee Generation (from @DefiLlama):
Other Data Points
Bitcoin Fear/Greed Index:
(from @BitcoinFear)
Ethereum Fear And Greed Index
(from @EthereumFear):
Fee Generation (from cryptofees(dot)info):
Degen Alfa
(Exclusive data/information from our Official Sponsor @ChainEDGE_io - sign up today by clicking here!)
-24 Hour Smart Money Inflows/Outflows:
-Sample Of 24 Hour Summary From @OnChainWizard:
October 26, 2023 chainEDGE - Today's Summary Degen activity is ramping up, as is our smart (degens) money. Biggest inflows today were in SOLANA (meme), VOMBATUS, UFO, BANANA and VIVY. Though there were big outflows also seen in HAY, Instadapp, FLC and BITCOIN. New launch VOMBATUS is seeing a lot of smart money activity at the moment, with $128k of buys since the token's launch (54% retention). Other new launch favorites were seen in MSTR and 9INCH getting $14 and $34k of buys respectively (both have 26%+ 1 day retention). The current market is perfect for testing, modifying and acting on our custom alerts, making sure you are always on top of where the smart money is flowing. From a portfolio perspective, smart money favorites (in terms of dollars and wallets) seems to be BANANA, BITCOIN, SPX, Real Smurf Cat, PEPE, RLB, JOE and newer entrant into this mix is SOLANA which now has $221k of smart holdings across 15 wallets. We're seeing increased smart money appetite to hold onto newer coins, with a large number of them now having $30k+ ownership, including VIVY, MLP, REKT, LMI, FLC, JOE and KIZUNA. Trader highlight of the day goes to 🚀 kingoffools.eth with a $25k gain on 9INCH.
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 @MoonAppOfficial. Twitter bio states “Get The Most Powerful Crypto Bots Available on: Desktop, Mobile Web App, iOS and Android.”
-Something new called @Alcatraztech. Twitter bio states “Revolutionizing liquidity locking on ALL Layer2 and #ETH networks! Fair fees, high security, and revenue share for our community. Launch 26th October 🏰” h/t @ChillTRD:
-New project called @pixelswap_ton. Twitter bio states “Yet just another swap on @ton_blockchain”. h/t @toffee248:
-New project called @StakifyFinance. Twitter bio states “Bridging innovation & yield in DeFi | ⚡100,000% APY to steady 10% | 🛡️ SIFY Repellent for market stability”. h/t @toffee248:
-Something called @unipadcoin. Twitter bio states “👾 Launchpad for everyone with booking services and AI Analytics Build, adapt, grow and join our Fairlaunch on Pinksale. $UNP Utility at its peak.” h/t @ApeOClock:
-New Scroll dex/launchpad called @ChiliSwap_io has been added to @DefiLlama. Twitter bio states “The first Launchpad and AMM DEX on @Scroll_ZKP 📜”.
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (minimum $1M+ 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)
-Crypto price action was slightly cooler yesterday:
-US GDP growth comes in higher than expected:
-Stonks ended the day quite red:
-SBF testified for the first time at his trial yesterday, see thread of highlights below from @JackFarley96:
-Very interesting stat/chart from @kellyjgreer:
-Good list of defi project updates h/t @TheDeFinvestor:
-The Uniswap Labs frontend interface fee generated 500k its first week, h/t @JasonYanowitz:
-Binance still at over 40% in cex market share:
-Synthetic on-chain forex trading generating increased volume/attention:
-Latest real-time inflation data from Chainlink-powered @truflation:
-@senseprotocol to shut down:
-Story re: LayerZero and Lido governance generating lots of discussion on Twitter, sample from @0xkydo below:
-Ending of Ryder Ripps/Yuga Labs lawsuit generated attention yesterday:
-New episode of NFA Live featuring @coinbureau and Rob from Digital Asset News:
-Video discussing yesterday’s events at the SBF trial from @Blockworks_ featuring @JackFarley96 and @caseywagnerr:
-Another good protocol breakdown from @Ceazor7:
-Parting wisdom from @CryptoKaleo:
Conclusion
Have a great Friday degens!
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.