Happy Wednesday friends!
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: $1,909.30
Oil (WTI): $88.96
Stocks (from:@News4Moves):
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Take note good degens… @Rodeo_Finance is a leveraged yield project we’ve been helping spread the word about….
They are building on top of all the top Arbitrum defi protocols (like Camelot, Pendle, TraderJoe, etc), to give discerning farmers the chance to maximize their yields, with leverage, all from a single easy to use UI…
They continue building up a storm, and just released their long-awaited rbLP to aid in boosting liquidity + yields!
Make sure to follow them on Twitter and check out their latest update on the rbLP below!
Biggest TVL Movers + Else
Chains are mostly green today. Top 50 chains green on both the weekly and monthly include Tron (#2), Gnosis (#24), Starknet (#35), and Linea (#50).
Protocols are mostly green today as well. Top 50 protocols green on both the weekly and monthly include JustLend (#4), JustStables (#13), stUSDT (#15), Sun (#20), Spark (#23), Stargate (#26), dYdX (#28), Ondo Finance (#41), and Pendle (#47).
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 By 7 Day Stablecoin Inflow % (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 12, 2023 chainEDGE - Today's Summary Inflows today were led by TONCOIN, FUMO, AMPL, FUMBLE and NEWS. New launches NEPE and TASKLY also saw $18k / $9k of net inflows respectively. Sell flows were seen in PEPE, RLB, BITCOIN and the "Su Zhu" wallet selling HILO. Over the last 7 days, bullish accumulation was seen from smart money in PRIME, BLOCK, TONCOIN, and PERPS. We also noticed $9k of abnormal inflows into CUMINU in the last 24hr. Trader highlight of the day goes to 🚀 aids.eth who made a $50k realized gain on PVP.
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 @normalfi. Twitter bio states “🌎 On-chain Crypto ETFs backed by smart contracts, not asset managers. Join our private beta 👇”.
-New project on Base called @Innovaz_io. Twitter bio states “NFT-Marketplace-as-a-Service with diverse templates. Your dream #NFTMarketplace, ready in 15 minutes! 🚀✨”. h/t @BaseSpaceMM:
-Something new called @frenlend built on @friendtech. Twitter bio states “Borrow from your network, build your networth.” h/t @twindoges:
-Another new project apparently building on @friendtech called @friendfarm_. Twitter bio states “A farm for friends on Base L2, launching very soon. "Turn your friends into income." h/t @twindoges:
-Another new project built on @friendtech called @keydrop_fun. Twitter bio states “Unlocking the power of connection in the @FriendTech arena! Your key to distributing rewards effortlessly to your key holders. Celebrate loyalty and growth.” h/t @twindoges:
-New project called @LucidityFinance. Twitter bio states “#Lucidity: The leverage liquidity layer of the #DeFi stack offering clarity, control, and convenience”. h/t @twindoges:
-Something new called @coven_land. Twitter bio states “Join a Coven, channel your magic. 🧙🏻♂️ Empowering communities and creators.” h/t @twindoges:
-New project called @deeppxyz. Twitter bio states “Prediction market. Non custodial. Transparent. Trustless. Community owned.” h/t @twindoges:
-New dex on Shibarium called @PunkSwapDEX. Twitter bio states “The first DEX with a revolutionary NFT farming algorithm coming to Shibarium first. Easy to use, for everyone. Be a part of a HUGE ecosystem. Join us!” h/t @ApeOClock:
Security Alerts
-Centralized exchange @coinexcom was hacked yesterday:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama ($1M+ TVL, single-exposure, no-IL) 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)
-Newest CPI (inflation) data comes out today, estimates below c/o @gurgavin:
-MetaMask launched something called Snaps yesterday that will apparently support Bitcoin + other non-EVM tokens:
-Curve price getting alot of attention, sample from @DegenSensei:
-Filecoin TVL continuing to rise, h/t @Dynamo_Patrick:
-Coinbase apparently integrating Lightning Network:
-Binance US news generated lots of discussion on Twitter yesterday:
-Interesting stat re: @friendtech from @redphonecrypto:
-Base’s stablecoin liquidity down 15% in the last week, h/t @Flowslikeosmo:
-Interesting macro thoughts from @krugermacro:
-Another huge macro thread from @concodanomics:
-Fascinating chart from @nic__carter, on Bitcoin vs stablecoins as mediums of exchange:
-Thoughts re: the above chart from @LynAldenContact:
-New Q&A from macro gigabrain @LukeGromen:
-New interview with Circle CEO @jerallaire from @laura_shin at @unchained_pod:
-New livestream from @blockbytescom going over all the top stories in defi:
-Parting wisdom c/o @BowTiedNightOwl:
Conclusion
Happy Wednesday degens!
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.