Greetings friends! All sorts of interesting stuff going on!
Stats/alerts/etc at top and news/events/links at bottom as always!
Market Update
Crypto:
Gold: $1,706.30
Oil (WTI): $83.85
Stocks:
Biggest Price Movers
(From @coingecko top 500)
Up:
-Tamadoge $TAMA +78.2%
-Unizen $ZCX +74.6%
-Utrust $UTK +32.3%
Down:
-BoringDAO [OLD] $BOR -39.2%
-Decentralized Social $DESO -13.9%
-Aave [OLD] $LEND -11.0%
Biggest TVL Movers
Chains are almost all green today. Top 30 chains that are green on all three timelines (daily, weekly, and monthly) include Tron (#2), BSC (#3), Optimism (#8), Elrond (#21), Bitcoin (#24), and Moonbeam (#30). Ones red on all three include Klaytn (#13), Near (#15), Waves (#17), Algorand (#18) - which had been climbing but is down 15% on the daily, and Gnosis (#19).
Protocols are more mixed today. Biggest gainers on the weekly among top 100 protocols are Stader (#57) at +45.58% and Opyn (#78) at +15.94%. Biggest losers are Algofi (#88) at -18.06% and Wombat Exchange (#80) at -11.82%.
Here’s The Top 12 Chains By TVL (from @defillama):
Here’s The Top 12 Protocols By TVL (from @defillama):
Chart Of The Day
This chart brought to you by our official sponsor for the month of October- @DexGuru - a non-custodial on-chain trading terminal + analytics + charting platform that provides token swap execution capabilities on all the main EVM chains. Make sure to check them out!
$ETH 90 day chart showing 8 and 20 SMA’s:
Other Data Points
Bitcoin Fear/Greed Index:
(from @BitcoinFear)
Ethereum Fear/Greed Index:
(from @EthereumFear)
New Protocols
(note: this includes new protocols we find through combing Twitter each day, and we also include every (newly launched) protocol added by @defillama and @debank (excluding Tomb forks/reflection tokens/etc) - hence disclaimer: these are not pre-vetted by us so make sure to DYOR frens!)
-New Dogechain protocol called @DarkSwap_Fi added to @defillama. Description reads “Trade, Play, and Earn on the most progressive DEX Aggregator on Dogechain. Enjoy the lowest exchange fee and profitable features.”
-New Dogechain protocol called @Phanes_network. Twitter bio states “@Phanes_network is a multi-chain DeFi hub focused on building critical and useful tools for the DogeChain and other Meme-Chain ecosystems.”
-New “safe lending and borrowing” protocol on BitTorrent chain called @bitlend_finance.
-New multichain lending platform (at least by the look of it) called @zipfi_protocol. Twitter bio states “ZipFi is a decentralized exclusive Defi protocol for individuals, institutions, and protocols to access financial services…”
-New protocol called @OnomyProtocol. Twitter bio states “A multi-chain suite converging Forex and Decentralized Finance.” Tweets from them and @LaloKnows below:
-New protocol called @NephriteMoney. Twitter bio states “Nephrite is a censorship-resistant, non-custodial, governance-less, overcollateralized by $BEAM confidential #stablecoin on the Beam blockchain.”
-New protocol on Near called @JumpDeFi. Twitter bio states “One-stop platform lowering the barrier of entry to DeFi on NEAR for users and developers…”
-New protocol called @CALC_Finance. Twitter bio states “Simple, decentralised set & forget dollar-cost averaging in & out of positions. Proudly built on Kujira.” h/t @TheDeFinvestor:
-Something called @hinkal_protocol. Twitter bio states “First Decentralized KYC/AML-Compliant Privacy Protocol founded by @gegellino and @n_koreli…”
Rug Pulls/Exploits/De-Peggings/Liquidation Alerts
-@CertiKAlert released the following alert:
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)
Other News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-There is beginning to be more and more discussion of a Fed pivot from mainstream commentators, as well as calls for pausing rate hikes from the UN and IMF:
-Interesting chart from @ki_young_ju:
-Arthur Hayes and Max Anderson on sudden dollar liquidity increase (increased dollar liquidity is ostensibly good for risk assets like crypto):
-Interesting chart from @tokenterminal:
-Bond yields dropping:
-@UnlocksCalendar on $LAZIO token:
-Another milestone for the normalization of remote work if accurate:
-Interesting chart from @tedtalksmacro:
-$GMX flywheel continues to grow:
-@CurveCap released an excellent article on stablecoin yields (and the question of how they compare to US Treasury yields):
-@tanoeth released a very detailed thread on @GMX_IO’s upcoming synthetics product:
-Circle ($USDC) announced all sorts of new integrations/partnerships/etc (sample from thread below):
-@markjeffrey released a new interview with @0xJala from OlympusDAO:
Conclusion
Have a great Tuesday friends!
And please RT/follow/etc if you found this helpful! :)
Note
Have you heard the good word anon? GMX referral links are now Lindy! If you trade using GMX we’d be honored if you use our referral link to help support The Daily Degen! It will also provide you 10% off your trading fees :)