Happy Sunday friends! 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: $2673.20
Oil (WTI): $74.38
US 10Y Treasury: 3.969%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Take note good degens! 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!
All the details are in the thread below so make sure to check it out!
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 mixed today. Fastest-growing chains on the weekly with at least $10M TVL are BOB, Celo, and Aptos.
Protocols are also mixed today. Fastest-growing protocols on the weekly with at least $10M TVL are multichain (EVM) CDP protocol Parallel Protocol, Bybit Staked SOL, and Shade Protocol on Secret network.
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):
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 @wowdotxyz. Twitter bio states “memecoins”. Followed by 5 of our mutuals. h/t @AresLabs_xyz:
-New derivatives protocol on Flow called @trado_one has been added to @DefiLlama. Twitter bio states “One-Stop Trading Platform with Spot and Perp on @flow_blockchain”. Followed by 1 of our mutuals.
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 has underperformed since halving so far relative to previous cycles, h/t @HalvingTracker:
-Crypto watchlist for the week ahead, h/t @TheDeFinvestor:
-Memecoins seeing decent pump since recent bottom, h/t @CryptoStreamHub:
-Much EigenLayer criticism on the TL right now, h/t @0xSisyphus and @0xQuit (note: due your own due diligence on the specifics regarding all of this stuff - we are just trying to accurately report on + sample the general sentiments):
-Interesting stat from @NPC_68:
-@MustStopMurad and his ‘Memecoin Thesis’ have been the dominant topic of conversation on CT the last few days:
-@alpha_pls on the above:
-Still seeing decent number of posts regarding farming the Scroll airdrop, example h/t @katexbt below:
-Important security reminder from @pcaversaccio:
-Another important security reminder/thread from @CryptoGirlNova (tl/dr the hackers impersonated a project that wanted to work with her and sent her a link to a reddit thread on how to ‘fix’ her software for the video call that actually was an elaborate ploy to get her to install malware):
-Cycle thoughts from @crypto_condom:
-Good new macro interview with gigabrain @WarrenPies:
-New interview with @0xMert_ from @Lightspeedpodhq on all things Solana:
-New episode of @thebellcurvepod featuring @pythianism, @im_manderson, and @MikeIppolito_:
-Good new macro/crypto roundtable from @Blockworks_ featuring @qthomp and @fejau_inc:
-Parting wisdom from @HaylesDefi c/o @QuotableCrypto:
Conclusion
Happy Sunday friends! Stay alert out there!
And please RT/subscribe/etc if you found this valuable!
-
-
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!
-
-
***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.