Happy Saturday friends! Weekends are for getting after it let’s go!
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: $2,005.60
Oil (WTI): $85.54
US 10Y Treasury: 4.854%
Stocks (from:@News4Moves):
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
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!
Biggest TVL Movers
Chains are mixed today. Biggest gainer on the monthly among top 30 chains is Aptos (#27) at +69.61%. Biggest loser is Base (#9) at -9.24%.
Protocols are mixed today as well. Biggest gainer on the monthly among top 100 protocols is Solana liquid-staking protocol Jito (#52) at +192%. Biggest loser is multichain (no category given) protocol ParaX Super App (#54) at -34.08%.
Here’s The Top 12 Fastest-Growing Chains By TVL On The Weekly (from @DefiLlama):
Here’s The Top 12 Fastest-Growing Protocols By TVL On The Weekly (from @DefiLlama - note: this one has a minimum TVL filter so only includes protocols with at least $1M TVL):
Here’s The Top 12 Stablecoins By Market Cap (from @coingecko):
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 27, 2023 chainEDGE - Today's Summary Big outflows in Real Smurf Cat (profit taking) and VOMBATUS over the last 24 hours, with ~$130k of outflows each. Inflows were seen in LINK, TOKEN and WLD. From a new launch prospective, DEV SMASHED HIS KEYBOARD, RACER, ROOT, ウーロン and The Balkan Dwarf all received $10k or more of smart money buys, and all of them other than RACER have 20% retention. From a portfolio view, Real Smurf cat is about to flip BITCOIN in terms of smart money $ holdings at $1.4mm. Here is a list of degen coins less than 2 weeks old with $10k+ smart moneu holdings: VOMBATUS, MSTR, CityBoys, VIVY, MLP, CRESO, REKT, LMI, PINT, 0xGAMBIT, FLC, IlluminatiCoini, BLOX and WAGER. The market is definitely risk on in the shitcoin trenches, but so far the real action has been on the new meme trio of SPX, JOE and Real Smurf Cat (which have been featured in our daily summaries for months). Trader highlight of the day is 💎 0xsun.eth who made $39k in realized PnL on VOMBATUS.
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!)
-Something new called @LiquidLayer_. Twitter bio states “When Proof-of-Work meets scalability and liquidity optimization.” h/t @thealphadigest:
-New GambleFi project on Solana called @Zeebitio. Twitter bio states “Solana's First Truly Decentralized Casino | 100% On-chain | Provably Fair Games | VC Backed | Web3 Rewards Incoming 🎰” h/t @thealphadigest:
-Something new called @Alpinecoin. Twitter bio states “Empowering Privacy-Enhanced Layer-2 Blockchain - Ethereum L2.” h/t @thealphadigest:
-Another new Solana project called @4XProtocol. Twitter bio states “The game-changer in decentralized trading! 💥 Borrow directly, trade powerfully. Built by FinTech vets 🛠️ from a top-20 global derivatives platform.” h/t @thealphadigest:
-New L2 called @ZircuitL2. Twitter bio states “Zircuit is a fully EVM-compatible zero-knowledge rollup powering the limitless potential of web3.” h/t @toffee248:
-New SocialFi/MusicFi project called @songtech_. Twitter bio states “Market for Songs. What will you submit?” h/t @Mikey0x_:
-Something new called @bytebreach. Twitter bio states “The endgame of crypto/web3 security marketplaces.” h/t @AresLabs_xyz:
Security Alerts
-Security alert/reminder from @Blockworks_:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (all types, minimum $1M+ TVL) and @stable_fish - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Important News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-Macro update from @charliebillelo:
-$PEPE has seen price appreciation amidst the market’s positive sentiments, as have other meme coins like $JOE, $SPX, etc:
-AI tokens seeing a resurgence as well, h/t @sandraaleow:
-Gold hits noted $2000 level, a number its briefly flirted with three times in recent years but struggled to stay over more than a few days at a time:
-FTX/Alameda related transfers generating a lot of attention on the TL:
-Perps protocol dYdX has apparently gone through with their long-awaited tokenomics upgrade:
-Important macro thoughts from @LynAldenContact:
-Good list of projects to do further research on from @Louround_ (click for rest of long-form tweet):
-Interesting macro tweet from @ramahluwalia:
-Two interesting threads on Solana from @HFAResearch and @gametheorizing:
-New episode of @theempirepod featuring @pythianism and @MikeIppolito_ discussing current market conditions and some of the top current stories in crypto:
-New episode of Steady Lads podcast going over all things defi:
-Humorous sentiments c/o @boldleonidas:
-Parting wisdom c/o @tervooo:
Conclusion
Happy Saturday friends! Don’t forget to touch some grass this weekend!
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.