Happy Tuesday gents and gentesses! Lots of stuff going on!
Let’s dive in!
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 @CryptoBubbles24):
Gold: $1,918.90
Oil (WTI): $87.58
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 see their announcement about their integration with @CoWSwap below!
Biggest TVL Movers + Else
Chains are mostly red yet again today. Top 50 chains down at least 20% on the monthly include Optimism (#6), Avalanche (#7), Osmosis (#20), EOS (#25), Ronin (#26), Metis (#43), Parallel (#47), Acala (#49), and Polygon zkEVM (#50).
Protocols are also quite red today. Top 200 protocols down at least 30% on the monthly include Marinade Finance, Synapse, UwU Lend, Velodrome, MatrixDock, Aura, Thena, Gearbox, PulseX, Ankr, and Flexa.
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 Chains/Protocols By 24 Hour Fee Generation (from @DefiLlama):
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
-24 Hour Smart Money Summary From @OnChainWizard:
September 11, 2023 chainEDGE - Today's Summary Mostly outflows today given the market continues to be weak. RLB, UNIBOT and SHIA led the way in terms of outflows, each with between $100-200k of net selling pressure over the day. BANANA was the one bright spot, receiving $442k of swap inflows (before it was known that the contract had issues). chainEDGE smart money was able to fire off lots of small buys before the token hit $2. Other inflows were seen in SYN, BONE, PEPE and DMT. Flows in general have been bearish, with smart money holdings of non ETH and stables trending lower. From a portfolio perspective, PEPE and RLB are now the smart money holding leaders at just $3mm and $2.4mm respectively. This compares to smart money holdings for UNIBOT at its peak of ~$8mm. In terms of newer tokens that smart money has not blown out of, less than 2 week old tokens with $25k+ of holdings includes: WIK, DORKL, FINE, SUPER, EMOTI and BLOCK. 7 day inflows outliars were seen in PRIME, BLOCK, FINE, DMT, PERPS and GRAIL.
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 @MountainUSDM. Twitter bio states “The first nationally regulated yield bearing stablecoin. Note: USDM is not available for US Persons. Please read our full T&C available in our website.”
-Something new called @cryptoscouterai. Twitter bio states “Degen Wallet Analysis & Tracker (Beta Launch!!)”.
-New protocol on Base called @stackfinance_io. Twitter bio states “Better price and beyond- Revolutionary DeFi Investment Platform for Everyone #BuildOnBASE #BASE | ✈️ @token2049”. h/t @thealphadigest:
-Another new project on Base called @citadelswap. Twitter bio states “A #Base-native hyperfunctional Dex and Launchpad built prioritizing investors safety, powered by sustainable tokenomics.” h/t @thealphadigest:
-Something new called @RebirthEth. Twitter bio states “Unlock the phoenix's power with Rebirth Protocol”. h/t @thealphadigest:
-New GambleFi/Trading Bot project called @CoWagerBot. Twitter bio states “Your gateway to decentralized blockchain betting, right on Telegram! ✨🎲” h/t @thealphadigest:
-New yield farm on Base called @aceofbase_xyz has been added to @DefiLlama. Description states “Ace of Base is a Yield Farming and Staking platform on Base Chain.”
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (all types, $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)
-The much-anticipated launch of @BananaGunBot’s token generated lots of attention yesterday as a contract issue became apparent in the aftermath of the launch:
-Some bearish TA, h/t @Steven_Ehrlich:
-All sorts of craziness happening in Milady/Remilia world, samples below but do your own due diligence as hard to understand what’s going on:
-Vote on whether to distribute 75M Arbitrum tokens as ecosystem incentives is generating lots of attention, sample from @Castle__Cap below:
-Continued focus on potential FTX sell pressure:
-Lot of focus on Twitter/phone opsec in wake of the simswap attack on Vitalik:
-@friendtech volume apparently exceeded NFT volume over the weekend, h/t @SkylineETH:
-More current crypto headlines c/o @CryptoGirlNova:
-Interest expense on US sovereign debt now exceeds military spending:
-Good macro thread + charts from @thecalcguy:
-Good new interview with energy expert @DoombergT for our hardcore macro fans and doom-enjoyoors:
-Interesting data coming out about chronology of FTX’s fall, h/t @CryptoHayes:
-Another interesting ‘mainstream’ crypto livestream featuring CTO Larsson, InvestAnswers, and Ivan On Tech:
-Another interesting protocol breakdown from @Ceazor7, on Split Protocol:
-Parting wisdom from @kendrickNoble7 c/o @QuotableCrypto:
Conclusion
Have a great Tuesday friends and stay alert out there!
And please RT/subscribe/etc if you found this valuable! :)
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***Note On Material: The ‘Spotlight’ section 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.