Happy Sunday and Happy September friends!
Let’s get after it!
As always… 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 @CryptoBubbles):
Gold: $2536.00
Oil (WTI): $73.55
US 10Y Treasury: 3.909%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Lots of stuff going on with our Official Sponsor @vertex_protocol good anons!
-Traders are earning SEI, MNT, and ARB rewards trading on Vertex via those respective chains!
-They just deployed to Sei (as mentioned above) and have an extremely interesting Orderbook Liquidity Galxe Campaign going on…
-They just announced a very cool integration with @NotifiNetwork…
-And they are providing serious yield to $VRTX-stakers - with recent APR’s coming in at over 26% - all paid out in $USDC!
Learn more about everything going on with Vertex via the @ReveloIntel video with Vertex co-founder @DariusTabai below!
And get access to 50+ perps and spot-markets and the above-noted yield opportunities now at app.vertexprotocol.com! And make sure to follow them on Twitter for more updates!
Biggest TVL Movers + Else
Chains are red again today. Only top 30 chains green on the monthly are Tron (#2), Hyperqliquid (#11), Sui (#12), Aptos (#17), Core (#29), and dYdX (#30).
Protocols are also quite red. Only top 30 protocols green on the monthly are Binance Staked ETH (#9), Symbiotic (#19), JustStables (#20), Kamino (#22), and Jupiter (#28).
Here’s The Top 12 Top-Performing Chains By TVL On The Weekly With At Least $50M TVL (from @DefiLlama):
Here’s The Top 12 Top-Performing Protocols By TVL On The Weekly With At Least $50M TVL (from @DefiLlama):
Here’s The Top 12 Entities By 24 Hour Revenue Generation (from @DefiLlama):
Bitcoin Fear/Greed Index:
(from @BitcoinFear)
New Projects
(note: this includes new projects we find through combing Twitter each day, and we also include or re-include every newly launched protocol added by @DefiLlama that has at least some TVL or is followed by at least some of our mutuals - hence disclaimer: these are not pre-vetted by us so make sure to DYOR!)
-Something new called @Swappydotfun. Twitter bio states “Getting Swappy on @aoTheComputer #DeFi”. Followed by 2 of our mutuals. h/t @twindoges:
-Something new called @ZooFinanceIO. Twitter bio states “🐻⛓️'s Native Structured Protocol for Better Liquidity Utilization!” Followed by 2 of our mutuals. h/t @twindoges:
-New dex on Scroll called @asteriafinance has been added to @DefiLlama. Twitter bio states “Powered by innovation, propelling your DeFi dreams. Building at warp speed! 🚀 Join Asteria Finance's cosmic journey on @scroll_zkp ✨” Followed by 1 of our mutuals.
-New yield protocol on TON called @TonSettle has been added to @DefiLlama. Twitter bio states “SettleTON: The Gateway to Effortless Passive Investing And Yield Farming on TON”. Followed by 1 of our mutuals.
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (all types, $1M+ TVL) - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Security Alerts
-No security alerts today.
Important News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-TRX, SUI, and AAVE were the top outperformers among large caps in August, h/t @NPC_68:
-Memecoins down considerably over last 60 days, h/t @thedefivillain:
-Solana volumes at lows not seen since February, h/t @0xRamonos:
-Coinbase app store ranking down considerably, h/t @DaanCrypto:
-Cycle analysis thus far, also c/o @DaanCrypto:
-Good list of remaining anticipated launches this cycle, h/t @Taran_ss:
-Defi news/alfa c/o @TheDeFinvestor:
-Interesting chart of top chains by ‘total app capital’ from @ryanberckmans:
-Latest real-time inflation data from @truflation:
-Interesting tweets over the last few days from some sober commentators that suggest the new Trump crypto project actually hired some pretty respected devs and may be a more serious thing than initially presumed, example h/t @crypto_condom:
-Cycle/memecoin thoughts from @theunipcs:
-New crypto/macro video from @Blockworks_ featuring @qthomp and @fejau_inc:
-New episode of @Lightspeedpodhq featuring @0xMert_:
-Weekly macro overview from Joseph Wang @FedGuy12:
-Parting wisdom from @cheguevoblin:
Conclusion
Happy Sunday friends! Here’s to a big month!
And please RT/subscribe/etc if you found this valuable!
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Note
The team at @silentdao_ is continuing to develop their revolutionary new on-chain privacy architecture… which is essentially meant to be a middleware privacy/encryption layer that will facilitate composable privacy solutions within the EVM itself...
To quote their most recent article below:
“Silent Protocol is building the ghost layer, a modular layer 1.5 providing compliant privacy built on the EZEE framework to become that structured playground for institutions and retail users that can provide compliant, secure and privacy preserving access to ethereum native and cross chain liquidity along with enabling access to applications.”
Our editor @rektdiomedes is helping bang the drum about everything @silentdao_ is working on, so make sure to check out the below article, and follow Silent on Twitter for more updates!
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***Note On Material: The ‘Spotlight’ and ‘Note’ sections 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.