Happy Thursday degens!
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: $1,927.50
Oil (WTI): $90.28
Stocks (from:@News4Moves):
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Attention all flywheel-enjoyoors: @Paladin_vote has just announced Paladin V2!
As recap… Paladin has built an incredible platform which allows governance token holders (e.g. veCRV, veBAL, vlCVX, vlAURA, veTETU, etc) to delegate their voting power to earn bribes (ie yield) in the easiest and most profitable manner possible, and helps protocols incentivize voting just as easily and efficiently.
As they state:
“Paladin found tremendous success with Quest, a vote market for veTokens, empowering protocols to access the most cost-effective liquidity. In just a year, Quest v1 facilitated over 550 campaigns from 20+ protocols, totaling $5.5M in volume redistributed to voters.
But it's time to leave behind the early 2021 tech and embrace a cutting-edge Quest v2. The release is imminent, and you can anticipate: → Range-bound Quests → Roll-overs → Exponential customization [and] → A tokenomics flywheel…”
Make sure follow the Paladin team on Twitter for more updates and learn more about Paladin V2 in the thread below!
Biggest TVL Movers + Else
Chains are quite green today. Top 50 chains up at least 10% on the monthly include Tron (#2), Base (#9), DefiChain (#13), Starknet (#34), Near (#36), Kujira (#43), and Sui (#44).
Protocols are mixed today. Protocols with at least $10M TVL up at least 100% on the monthly include W3 Foundation, friendtech, Binance Staked ETH, Silo Finance, stUSDT, Liquid Collective, and Tangible.
Here’s The Top 12 Fastest-Growing Chains By TVL On The Weekly (from @DefiLlama):
Here’s The Top 12 Fastest-Growing Protocols By TVL On The Weekly (from @DefiLlama - note: this one has a TVL filter so only includes protocols with at least $1M TVL):
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 20, 2023 chainEDGE - Today's Summary Another slower day in terms of smart money activity. BITCOIN saw a reversal in sentiment today, with $91k of inflows. The last time the token saw this much smart money interest was on September 11th, which marked the local bottom in the token. Other smaller inflows were seen in new launch GOLD, along with ICE, BANANA and LBR. Outflows were seen in IMX, MOG, RLB, FOOM and SAINT. Tokens aged less than 2 weeks with sustained smart money holdings of $40k+ include APX, Tyrion, BANANA, Real Smurf Cat, Curve Inu and PROPHET. BANANA has also flipped UNIBOT in terms of smart money holdings, with $1.1mm across 38 wallets (also the highest smart money wallet count across all coins). Smart money has been buying the dip on BANANA, with $77k of gross buys / $21k net buys in the past 24 hours, at an average price of $9.91. Trader highlight of the day goes to 🚀 New Launch Pro 0x32d...77a who made $15k in realized gains on APX.
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 friendtech-alternative on Arbitrum called @PostTechSoFi. Twitter bio states “Web3 social network on Arbitrum, where profiles become assets and interactions turn into profits (💙,🧡)”.
-New project called @univaultx. Twitter bio states “Decentralised Middle Layer For Social Trading With Comprehensive Automation and Third Party Tooling".
-New GambleFi protocol called @GoCasinoETH. Twitter bio states “GoCasino - Where Luck Meets Fun! Roll the roulette wheel and spin the slots for your chance to win big. 🎲 Join us for excitement and big wins. #soon #casino”.
-New project called @illuminexswap. Twitter bio states “Confidential multichain DEX gateway powered by Oasis Sapphire technology 🏰 #OasisNetwork”. h/t @CryptoNikyous:
-New project called @grvt_io. Twitter bio states “The next-gen hybrid derivatives exchange…” h/t @AresLabs_xyz:
-New SocialFi project called @polyfriendtech has been added to @DefiLlama, listed as a friendtech fork on Polygon. Twitter bio states “Social marketplace for friends and enemies. Beta is live.”
-New project called @sandyswapxyz has been added to @DefiLlama, listed as a dex on Polygon zkEVM. Twitter bio states “The first ve(3,3) DEX on 0xPolygonDeFi zkEVM. Pre-mine $SANDY by providing liquidity...”
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama ($1M+ TVL, single-exposure and no-IL only) 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)
-Fed kept rates flat at yesterday’s FOMC meeting:
-Variety of takes/interpretations of how hawkish/dovish the dot plot and accompanying statements by Powell and etc were:
-Optimism Foundation reportedly sells 116 million OP tokens, h/t @CoinDesk and @0xjaypeg:
-Interesting tweet re: trading declines/Binance/etc from @fintechfrank:
-Solid data/alfa on potential $ARB-grant recipients from @gmx_intern, top potential recipients are Curve, Synapse, Sushi, Balancer, Stargate, Aave, Radiant, Uniswap, and GMX:
-Dex volumes in September on pace to be lowest since early 2021:
-Mt Gox update from @SummersThings:
-@MakerDAO continuing to generate lots of attention, sample from @ThorHartvigsen below:
-Interesting $ARB/$OP chart from @thedefivillain:
-Stablecoins now represent more treasury holdings than all but 15 countries, h/t @nic__carter c/o @chasedevens:
-More macro takes from @jamesvalish and @stackhodler:
-Good thread analyzing some of the top GambleFi projects from @Hercules_Defi:
-Lots of interesting revelations coming out about SBF’s parents’ involvement in FTX, thread below from @davidzmorris:
-Video of Powell’s comments yesterday:
-Recap of Permissionless from @theempirepod featuring @JasonYanowitz and @santiagoroel:
-Parting sentiments from @beniduboss:
Conclusion
Happy Thursday friends let’s get after it!
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.