Happy Saturday fellow degens! All sorts of crazy stuff going on (as always!)
Stats/alerts/etc at top and news/events/links at bottom!
Market Update
Overall crypto market cap: +0.2% to $1.00T.
$BTC: +0.1% to $19,859.30, and a market cap of $380.4B.
$ETH: -3.2% to $1,426.16, and a market cap of $171.9B.
Gold: $1,684.50
Oil (WTI): $85.40
Stocks:
More Crypto:
Biggest Price Movers
(From @coingecko top 500)
Up:
-Veritaseum $VERI +39.9%
-PIVX $PIVX +35.3%
-Mirror Protocol $MIR +20.6%
Down:
-MaidSafe Coin $EMAID -17.8%
-Phoenix Global $PHB -16.6%
-bZx Protocol $BZRX -13.7%
Biggest TVL Movers
Chains are mixed today. Among top 25 chains, the only one green on the weekly is Osmosis (#16) at +2.24%. The biggest loser is Polygon (#5) at -14.69%.
Protocols are mixed today as well. Among top 100 protocols the biggest gainer on the weekly is Stader (#79) at +17.46%, and the biggest loser is MM Finance (#71) at -45.56%.
Here’s The Top 12 Fastest-Growing Chains By Weekly TVL Growth (from @defillama):
Here’s The Top 12 Fastest-Growing Protocols By Weekly TVL Growth (from @defillama - note: this one has a tvl filter so this only includes ones with at least $1M in tvl):
Here’s The Top 12 Stablecoins By Market Cap (from @coingecko):
Chart Of The Day
This chart brought to you by our official sponsor for the month of September- @DexGuru - a non-custodial on-chain trading terminal + analytics + charting platform that provides token swap execution capabilities on all the main EVM chains. Make sure to check them out!
Yearly chart of Curve $CRV shows the progression from bull market to bear:
Other Data Points
Bitcoin Fear/Greed Index:
(from @fearandgreedindex)
Ethereum Fear/Greed Index:
(from @ETH_CFGI)
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!)
-New Algorand protocol called @AlgoCellar. Twitter bio states “PORTFOLIOS, TOKENIZED on @Algorand… Testnet is live…”
-New NFT platform called @8mint_Official. Twitter bio states “We connect valuable #NFT creators with smart #DigitalArt collectors. Discover, create, and market blue-chip #NFTs! Upcoming launch. Stay tuned.”
-New Cardano protocol called @bynetprotocol. Twitter bio states “Scalable infrastructure empowering DeFi on Cardano.”
-Something called @Hyperlane_xyz. Twitter bio states “Accelerating applications towards the Interchain singularity…”
-@0xSifu has launched a new protocol called UwU Lend. Believe the Twitter account is @UwU_Lend though it hasn’t tweeted anything. Here is the best thread I could find on the protocol:
-New protocol called @MembraneFinance. Twitter bio states “CDP-based composable collateral and margin layer, powering derivatives markets across the Cosmos.”
-New Solana protocol called @VyperProtocol. Twitter bio states “We allow users to create, trade, and settle any kind of on-chain derivatives…”
-Something called @numbersprotocol. Twitter bio states “Decentralized Photo Network for Web 3.0 For creating community, value, and trust in digital media. Powered by $NUM…”
-Something on Arbitrum called @nitrocartel suggesting an airdrop that some of our gigabrain mutuals seem interested in:
Rug Pulls/Exploits/De-Peggings/Liquidation Alerts
-@certiKAlert released alerts regarding Discord hacks of @arabianpenguinn and @peweetools and @PourKokoNFT and @CastleTheKings; and flash-crash warnings on $META and $LUK; and an exit-scam on @OutpostDevs.
-Important warning from @1inch a couple days ago that we only just saw:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @defillama ($500k+ TVL and no-IL and single exposure only) and @stable_fish - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Other News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-US 2-year bond yields at highest point since 2007, and yield curves keeps inverting:
-Interesting news:
-ENS news (h/t to @Daigorokimura for the heads up on this):
-Pension funds struggling amidst dual equity/bond selloffs this year:
-$LINK alfa:
-Lebanon bank situation worsening:
-Argentina has hiked rates to 75% amidst extreme inflation:
-$GMX alfa + Pirex alfa:
-@markjeffrey released an interview with @DeFiDave22 from @flywheelpod:
-@phtevenstrong The Calculator Guy released a new video on Solana perps protocol Mango Markets and using perps in general:
-@TaikiMaeda2 released a new video:
Conclusion
Have a great day friends! Don’t forget to touch some grass!
And please RT/follow/etc if you found this helpful! :)
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If you plan to use Gains anyway and want to support The Daily Degen, we’d be honored if you’d do it through our link (please always ape responsibly though!):