Another Friday has arrived friends! Quite a crazy day in crypto too…
Stats/alerts/etc at top and news/events/links at bottom as always!
Market Update
Crypto:
Gold: $1,712.10
Oil (WTI): $88.88
Stocks:
Biggest Price Movers
(From @coingecko top 500)
Up:
-Bolide $BLID +298.1%
-Scholarship Coin $SCHO +99.0%
-Decentralized Social $DESO +35.7%
Down:
-Tamadoge $TAMA -50.4%
-Talken $TALK -14.4%
-Dejitaru Tsuka $TSUKA -12.8%
Spotlight
Make sure to check out our official sponsor for the month of October- @DexGuru - a totally on-chain, non-custodial analytics + charting platform that also provides token swap execution capabilities on all the main EVM chains. You can visit their site by clicking here!
Biggest TVL Movers
Chains are mixed today, and is unclear to what extent the BSC hack (see below in security alerts section) has impacted them. Some notables though include Algorand (#19) down another 6.75% on the daily, and Elrond (#20) up 14.77% on the weekly.
Protocols are mostly red today. Again, some of these may have been influenced by the BSC hack, but a few notables include Compound (#9) down 15.68% on the weekly, Serum (#77) up 31.83% on the daily, and Ribbon Finance (#85) up 10.97% on the weekly.
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 -$1M TVL minimum):
Here’s The Top 12 Dex’s By 24 Hour Volume (from @defillama):
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!)
-@defillama added a newish protocol called @NUMISMEcoin. Twitter bio states “The world’s first crypto bought directly with cash; bringing DeFi to consumers, and a store near you.” Chain is listed as Eth Mainnet.
-New ETH-POW protocol added to @defillama called @OctoPowswap. Twitter bio states “OctoPow is the first and most advanced DEX & AMM on Ethereum PoW chain, supporting true #Defi & #NFT on the #ETHW…”
-New Algorand protocol called @AlgoRai_finance added to @defillama. Description reads “AlgoRai creates robust and transparent DeFi structured products on Algorand ecosystem. We provide users with a means to separate and harvest inherent volatility on their underlying assets through our option vault strategies.”
-Little outside what we normally cover, but thought was interesting signpost re: rise of on-chain gambling protocols… new protocol on Solana called @WeBallLottery. Twitter bio states “WeBall Lotto · 1 ticket = 0.01 SOL · Jackpot starts with 10000X · Draw every 24 hours Powered by 555 WeBall NFTs.”
Rug Pull/Exploit/De-Pegging/Security Alerts
-A massive hack on BSC dominated crypto news today:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @defillama ($5M+ TVL and no-IL and single-exposure filters) and @stable_fish - Note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Other News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-The Celsius bankruptcy process has led to a leak of sensitive customer data:
-Multiple Federal Reserve members made rather dubious statements today that drew responses from a number of macro commentators:
-$DAI news:
-Interesting chart from @maxjanderson:
-Synapse will be opening bridge to Canto:
-$stETH and $LDO now on Arbitrum and Optimism:
-@0xngmi noted a wise but seldom-mentioned strategy re: stablecoin usage:
-@0xconcentrator info from @0xmilkthief:
-Messari Crypto released a video of Ryan Selkis interviewing Luke Gromen at their conference last week:
-Noted macro gigabrain @hkuppy appeared on the Wall St For Main St podcast by @JasonEBurack:
-New Arthur just dropped:
Conclusion
See you tomorrow fellow degens!
And please RT/follow/etc if you found this helpful! :)
-
Note
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 :)