Happy Friday good degens!
Let’s get after it!
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):
Gold: $2679.00
Oil (WTI): $74.85
US 10Y Treasury: 3.863%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Tradoors and memecoin fans take note! Our friends at @vertex_protocol are having a very interesting trading competition!
This is Vertex’s first memecoin trading competition and involves the new token BENJI on Base!
The competition will have 630K BENJI and 95K VRTX in prizes and starts on October 7th at 4PM UTC!
Get all the details in the thread below!
And, as always, make sure to visit the Vertex site now at app.vertexprotocol.com to access 50+ perps and spot markets and a wide variety of exquisite yield opportunities! And make sure to follow them on Twitter for more updates!
Biggest TVL Movers + Else
Chains are mostly green today. Top 25 chains green on all three timelines (daily, weekly, monthly) include Tron (#2), Base (#6), and Aptos (#14).
Protocols are also mostly green today. Top 50 protocols green on all three timelines (daily, weekly, monthly) include JustLend (#4), JustStables (#19), Aerodrome (#28), Tether Gold (#37), BlackRock BUIDL (#43), and Paxos Gold (#44).
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 Entities By 24 Hour Fee Generation (from @DefiLlama):
Here’s The Top 12 Chains By 7 Day Stablecoin Inflow % (from @DefiLlama):
Bitcoin Fear/Greed Index:
(from @BitcoinFear)
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!)
-New project called @FullSailFi. Twitter bio states “The DEX on @SuiNetwork”. Followed by 2 of our mutuals. h/t @DeFiMinty:
-New project called @TradeNeutral. Twitter bio states “On-Chain Multi-Strat Hedge Fund | Building on @DriftProtocol @JupiterExchange @Solana 🌾 Earn up-only yield. Beta is live.” Followed by 2 of our mutuals. h/t @DeFiMinty:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (all types, $1M+ 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)
-Bitcoin currently in the largest sideways-accumulation in its history, h/t @noahseidman:
-Latest defi headlines/alfa from @TheDeFinvestor:
-Interesting stats on airdrops, h/t @WuBlockchain:
-Lot of talk on the TL about the KUJI/RUJI merge, recommend looking into it if you own KUJI or are interested in it, h/t @CryptoLush_:
-Volumes on pumpdotfun surged back up over the last few days, h/t @NPC_68:
-Following tweet on Trump apparently supporting ending citizenship-based taxation (US is one of only three countries on earth that has it) generated massive attention yesterday, but provenance of it is still unclear as far as we can tell:
-Seeing more and more tweets arguing that DePIN will be a major part of the next cycle in crypto, h/t @jnthnvctr:
-Interesting new tech highlighted by @bantg:
-Some type of airdrop-related thing from @BungeeExchane (notable defi bridge) but you apparently need to use an email address to claim, h/t @Picolas_Caged:
-Extremely interesting long-form schizo thoughts on crypto/macro/AI from @goodalexander (click to read in full):
-Important reminder from @jameslavish:
-New video of the month’s top stablecoin yield opportunities c/o @Dynamo_Patrick:
-New macro interview with @LukeGromen:
-New video on all things airdrop-related from @KryptoCove:
-Parting wisdom c/o @Louround_:
Conclusion
Have a great Friday good frogs and stay alert out there!
And please RT/subscribe/etc if you found this valuable!
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Note
The team at @silentdao_ is continuing to develop their revolutionary new on-chain privacy architecture… which is essentially meant to be a middleware privacy/encryption layer:
“Silent Protocol is building the ghost layer, a modular layer 1.5 providing compliant privacy built on the EZEE framework to become that structured playground for institutions and retail users that can provide compliant, secure and privacy preserving access to ethereum native and cross chain liquidity along with enabling access to applications.”
Our editor @rektdiomedes is helping bang the drum about everything @silentdao_ is working on, so make sure to follow them on Twitter for more updates and check out the great thread on them from @kenodnb below!
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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.