Happy Thursday friends! Our friend Jerome Powell seems to have broken some things!
Stats/alerts/etc at top and news/events/links at bottom as always!
Market Update
Crypto:
Gold: $1,667.40
Oil (WTI): $83.75
Stocks:
Biggest Price Movers
(From @coingecko top 500)
Up:
-Neblio $NEBL +20.4%
-Vega Protocol $VEGA +19.8%
-Decred $DCR +19.4%
Down:
-Decimal $DEL -13.4%
-Plex $PLEX -13.3%
-Rai Finance $SOFI -11.3%
Biggest TVL Movers
Chains are pretty mixed on the day. Top 25 chains green on all timelines (daily/weekly/monthly) include Arbitrum (#7) and Algorand (#16). Protocols red on all three include Ethereum (#1), Tron (#2), Polygon (#5), Optimism (#8), Fantom (#11), Near (#15), Aurora (#20), Elrond (#22), EOS (#24), and Thorchain (#25).
Protocols are also pretty mixed. 87 of the top 100 protocols are red on the monthly. Among the green, the biggest TVL gainers are Wombat Exchange (#68) at +570%, and DeFiChain Loans (#52) +196%.
Here’s The Top 12 Chains By TVL (from @defillama):
Here’s The Top 12 Protocols By TVL (from @defillama):
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!
$OP chart since its inception shows peak in early August:
Other Data Points
Bitcoin Fear/Greed Index:
(from @BitcoinFear)
Ethereum Fear/Greed Index:
(from @EthereumFear)
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!)
-A new Cronos dex called @HopSwapFinance has been added to @defillama.
-New protocol called @LeizdProtocol being built. Twitter bio states “True permissionless lending can list all assets without separating liquidity but isolating risks. Building for @AptosLabs and @Mysten_Labs. Let's list everything.”
-Previously-mentioned @UwU_Lend from @0xSifu has been added to @defillama.
-New protocol called @prime_protocol building towards launch (if understanding right). Twitter bio states “Unlock the value of all your DeFi positions in one place.”
Rug Pulls/Exploits/De-Peggings/Liquidation Alerts
-@certiKAlert released alerts on a “suspicious flashloan” on @FortunasFinance; an alert regarding Discord Hacks of @spiritgates and @PoSers__NFT and @DALEKSPACEMONKEY and @SUSocietyNFT; and flash-crash warnings on $SIUS and $MCA.
@PeckShieldAlert released the following alert:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @defillama ($1M+ 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)
-The Federal Reserve hiked rates another 75 bps, as the most aggressive rate-hiking cycle in US history continues, although he also stated the Fed will not be selling mortgage-backed securities in the open market unless conditions somehow change dramatically:
-Bank of England also raises interest rates:
-@opensea will be deploying on Arbitrum:
-There is a proposal to add $USDT as collateral on lending protocol @eulerfinance:
-Japan was forced to intervene in the currency markets today to stop the ongoing deterioration of the Yen (the chart below is USD/JPY so visualize it upside down):
-Macro gigabrain @PauloMacro:
-Jesse Powell has stepped down as CEO of Kraken:
-@CurveCap released an excellent article on recent worries re: US government regulation of stablecoins:
-@BMGarber wrote a thread on on-chain options protocols that got a lot of attention on Twitter:
-@simonsquibb released a fascinating interview with Animoca Brands co-founder @ysiu coveraging a wide-range of topics relating to defi, crypto, and the future:
-Latest $CRV wrapper pegs:
-@GranaryFinance X @optimismFND alfa:
Conclusion
See you tomorrow friends!
And please RT/follow/etc if you found this helpful! :)
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