Happy Saturday friends! Quite a week its been!
Let’s dive in!
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: $2647.10
Oil (WTI): $71.00
US 10Y Treasury: 3.741%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Boolish stuff from our friends at @vertex_protocol good anons!
Their recent launch on Base is making waves and the Vertex omnichain-liquidity flywheel continues to roll on!
Take note of the extremely interesting tweet from Vertex co-founder @DariusTabai below regarding this and other items of note :)
And as always, Vertex currently offers over 50 different perps and spot markets with an experience just as smooth as any centralized exchange! In addition, if you like juicy yields, you can also stake VRTX to benefit from both ‘RealYield’ paid in USDC and the official VRTX buyback & burn program!
Visit the Vertex site now at app.vertexprotocol.com, and make sure to follow them on Twitter for more updates!
Biggest TVL Movers + Else
Chains are mixed. Biggest gainers on the weekly among chains with at least $100M TVL are Sei, Pulsechain, and Sui.
Protocols are mixed to red as well. Biggest gainers on the weekly among protocols with at least $100M TVL are ETH/Arbitrum yield protocol Elixer, ETH/Polygon indexes protocol Enzyme Finance, Sui lending protocol Suilend, Sei lending protocol Yei Finance, and CORE lending protocol Colend 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 Entities By 24 Hour Revenue Generation (from @DefiLlama):
Here’s The Top 12 Dex’s By 7 Day Volume (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 @0xDxProtocol. Twitter bio states “Building the internet's missing piece: a decentralized hosting network where dApps live beyond censorship. The unstoppable web is coming. Are you ready?” Followed by 3 of our mutuals. h/t @AresLabs_xyz:
-Something new called @rushtradingx. Twitter bio states “WTR No rugs, only thrills. Coming soon on Base.” Followed by 12 of our mutuals. h/t @AresLabs_xyz:
-@BitGo’s new stablecoin @USDStandard. Twitter bio states “Setting the new standard.” Followed by 6 of our mutuals. h/t @AresLabs_xyz:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (all types, $1M+ TVL only) - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Security Alerts
-Security alert (and good general reminder for this kind of thing in general) for those in Singapore from @kaiynne:
Important News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-News re: Bitcoin ETF options approval is dominant topic of the day, h/t @EricBalchunas:
-Additional takes on the above, h/t @WClementeIII, @kellyjgreer, and @dgt10011:
-Gold continues to surge through price discovery, h/t @zerohedge:
-Recap of last ten days, h/t @thedefivillain:
-Optimistic eyes on October, which has been green for Bitcoin for the last 5 years in a row, h/t @NPC_68:
-Solana updates c/o @DegenerateNews:
-Lots of discussion on the regulatory front as new revelations about the Silvergate Bank saga come to light, h/t @CaitlinLong_:
-Interesting post-conference thoughts from @Grantblocmates:
-Update on all things Bittensor/$TAO from @brodyadreon:
-Lots of attention on dormant Bitcoin movements the last few days, h/t @CoinDesk:
-Long-term bullish catalyst reminder, h/t @CarpeNoctum:
-Recording of @leviathan_news livestream from about 12 hours ago on the topic of the current @LlamaRisk/Aave/$WBTC debate, featuring @CurveCap, @lemiscate, and more:
-New weekly roll-up video from @BanklessHQ going over all the top stories in crypto:
-New video on Sei defi from @Dynamo_Patrick:
-New Singapore-focused @TaikiMaeda2 video:
-New video from @thebellcurvepod featuring @MikeIppolito_ and @MylesOneil:
-New crypto/macro discussion with @jameslavish from @Blockworks_:
-Parting reminder from @DaanCrypto:
Conclusion
Have a great Saturday and don’t forget to touch some grass this weekend friends!
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:
“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 follow them on Twitter for more updates and check out the great thread on them from @kenodnb below!
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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.