Happy Wednesday fellow degens! All sorts of craziness going on in markets and merge in less than 24 hours!
Stats/alerts/etc at top and news/events/links at bottom as always!
Market Update
Overall crypto market cap: -7.6% to $1.04T.
$BTC: -6.6% to $20,260.92, and a market cap of $388.0B.
$ETH: -6.1% to $1,603.03, and a market cap of $193.2B.
Gold: $1,714.10
Oil (WTI): $87.14
Stocks:
More Crypto:
Biggest Price Movers
(From @coingecko top 500)
Up:
-Nervos Network $CKB +20.8%
-Celsius Nework $CEL +17.3%
-Neblio $NEBL +16.9%
Down:
-Terra $LUNA -35.8%
-bZx Protocol $BZRX -32.0%
-Phoenix Global $PHB -28.6%
Spotlight
We are now partnering with a very cool platform called @dexguru, who are going to be officially sponsoring The Daily Degen for the rest of September + October.
DexGuru is a non-custodial on-chain trading terminal + analytics + charting platform that provides token swap execution capabilities on Ethereum, BSC, Polygon, Avalanche, Fantom, Arbitrum, Optimism, and CELO.
Highly recommend utilizing them for your charting/analytics/swapping needs!
Biggest TVL Movers
Chains are quite red today, as one would expect given price action. Arbitrum still flirting with the $1B mark at #7 by TVL and $932M TVL. Osmosis (#17) still growing at +15% on the weekly. Canto (#27) appears to have stalled in its growth at -4% on the weekly.
Protocols are quite red as well. Few notable stats… Alpaca has cracked the top 20 at #20 and $496M TVL; Aura now in spot #30 with 17% growth on the weekly and $302M TVL; Serum has fallen to #76 with -40% on the weekly and $115M TVL; and Stader is now in spot #80 with +42% growth on the weekly and $109M TVL.
Here’s The Top 12 Fastest-Growing Chains By Weekly TVL (from @defillama):
Here’s The Top 12 Fastest-Growing Protocols By Weekly TVL (from @defillama - note: this one allows filtering by TVL so this list is $1M+ TVL only):
Here’s The Top 12 Fastest-Growing Dex’s By Weekly Volume (from @defillama - note, this feature is new on DefiLlama so it appears there’s not a ton of dexes supported yet):
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!)
-Previously-mentioned @rage_trade has been added to @defillama. Twitter bio states “The most liquid, composable, and omnichain ETH perp.”
-New protocol called @rillafinance. Twitter bio states “Building web3's first multichain, tax-advantaged, and high-yield philanthropic giving tools governed by the $RILLA community…”
-New protocol called @Palmswaporg. Twitter bio states “Trade decentralized Perpetuals on Binance smart chain.”
Rug Pulls/Exploits/De-Peggings/Liquidation Alerts
-@certiKAlert released an alert regarding a Discord hack of @metropolisworld and @PiratesMeta and @super_yeti; and a hack of the @Dogeclub_nft Twitter account.
-@PeckShieldAlert released an alert re: a hack of @FreddyAdu twitter account/$LOOKS airdrop phishing scam.
-An arrest warrant has been issued for Do Kwon:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @defillama ($1M+ TVL and no-IL and single exposure only) 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)
-Less than 24 hours til the merge:
-CPI (inflation) print came in below recent highs but above expectations, nuking stock market:
-Potentially interesting signpost:
-PPI numbers just released:
-@0xroborosCap bullish $ENS:
-Hedging ahead of the merge has pushed $ETH funding rates over 70% on some lending platforms:
-On-chain leverage trading continuing to generate substantial organic yield:
-@DefiIgnas released an in-depth thread looking at Waves stablecoin $USDN, still depeged at $0.92:
-@blocmatesdotcom released an excellent interview with @noahseidman and @ubenjammin2:
-For our macro fans, @DoombergT did an extensive interview with nymag.com. Linking to a tweet thread of quotes from it that also links to the original article:
-@SalomonCrypto released a great thread on the significance of the merge, and Ethereum’s future:
-@The_Babylonians released an excellent video on on-chain options platform @PremiaFinance:
Conclusion
Have a good Wednesday and a fantastic merge friends! See you on the other side tomorrow :)
And please RT/follow/etc if you found this helpful! :)