Happy Sunday friends! Tradfi markets closed but crypto never sleeps!
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: $1,924.10
Oil (WTI): $90.77
Stocks (from:@News4Moves): N/A
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Silent Protocol @silentdao_ has announced a new integration with @LybraFinance!
As background, @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 the following thread from @LybraFinance on the new integration below!
Biggest TVL Movers + Else
Chains are mostly red today. Fastest-growing chains on the weekly with at least $5M TVL are TON, Umee, Sui, and Neutron.
Protocols are mixed today. Fastest-growing protocols on the weekly with at least $5M TVL are W3 Foundation, Kava derivatives platform Kinetix, stUSDT, friendtech, and multichain liquidity manager Range Protocol.
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 Dex’s By 7 Day Volume (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 16, 2023 chainEDGE - Today's Summary RLB and Real Smurf Cat were the smart money inflow leaders over the past 24 hours. DMT also saw $77k of inflows, notably just from one trader (sunshinesuicide.eth) who has $350k in realized PnL in the past 6 months (also this is Boblaxative on Twitter/X). Smaller outflows were seen in BITCOIN, FINE, CAW, ALCX and BANANA v2. In terms of new launch flows, the smart money favorite in the last 24hr was DODO, a new memecoin, which is being shilled on Twitter currently. The token received $17k of inflows, and so far smart money has retained 73% of their DODO buys (new features coming very soon to track this in real time). DODO is currently a $1.3mm market cap. Other notable momvements include 🚀 dimethyltryptamine.eth buying $40k of Real Smurf Cat over the last 3 days, and "quality degens" of $200k+ PnL / 33%+ win rates buying new launch SALLY. Trader highlight of the day goes to 🚀 1vs9.eth who made $44k of realized gains on Real Smurf Cat.
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (all types, $5M+ TVL) and @stable_fish - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
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!)
-New project called @tribe_ft. Twitter bio states “trade perpetual contracts & @friendtech keys on tribe”. h/t @twindoges:
-Another new @friendtech-related project called @milkfriendtech. Twitter bio states “Build your network autonomously until it becomes your net worth. $MILKER Launching SOON 🔜”. h/t @twindoges:
-New project called @Poolside_Party. Twitter bio states “DeFi's Leading AMM for Value-Accruing Tokens.” h/t @twindoges:
-Something new on Base called @BankOnBasexyz. Twitter bio states “The DeFi, Borrowing, and Lending Powerhouse on Base – Your Bridge to Multichain Finance. Powered by @BuildOnBase”. h/t @ApeOClock:
-Something new called @Joingrapecoin. Twitter bio states “$GrapeCoin by @joingrapes Backed by @animocabrands”. h/t @AresLabs_xyz:
-Something new called @club3xyz. Twitter bio states “The web3 community operating platform”. h/t @AresLabs_xyz:
Important News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-Appears as though Arbitrum is on track towards a 50M $ARB-incentive program, h/t @TheDefInvestor:
-Binance US update:
-Tron now accounts for over 10% of defi TVL, h/t @Dynamo_Patrick:
-Commodity price changes over the last year, h/t @charliebilello:
-More crypto headlines c/o @rektmando:
-Interesting macro chart from @jessefelder:
-NFT volume at $60M last week, down from high of $1.4B in May 2022, h/t @MinisterOfNFTs:
-Thoughts on the app vs infrastructure debate from @Crypto_McKenna and @bobbyong:
-Several good threads and long-form tweets on @friendtech from @0xBender (click for rest of long-form tweet), @0xMize (click for rest of long-form tweet), and @anildelphi:
-More thoughts on @friendtech from @blknoiz06:
-Macro thoughts from @noahseidman:
-Video of the Bill Gurley talk that is generating a lot of attention:
-Weekly macro overview from Joseph Wang @FedGuy12:
-New episode of the Steady Lads podcast featuring @TaikiMaeda2, @gametheorizing, @thiccythot_, and @justincbram:
-Parting wisdom from @redphonecrypto:
Conclusion
Have a great Sunday friends!
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.