Happy Friday lads and ladettes!
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: $1,923.30
Oil (WTI): $90.34
Stocks (from:@News4Moves):
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Attention degens! The gigabrains over at @stellaxyz_ have released more details on their Hypernova upgrade!
As background, Stella is a new leverage yield farming protocol we’ve been helping spread awareness about that has been cooking up some extremely high apr’s and profit %’s on a wide range of the top Arbitrum tokens and strategies…
As a brief breakdown of 'Hyper-Strategy' and 'Hyper-Lending Pool' upgrades:
- Users can take leverage with Hyper-Strategy to access trending innovative strategies with high-yield potential like the Leveraged Pendle LP Strategy on Liquid Staking Tokens(LSTs).
- Users can lend assets to the Hyper-Lending Pool for it to be used within the Hyper-Strategy LPs, which offers additional rewards from underlying protocols on top of the yield shared (lenders in the standard lending pools will only get the yield shared from leveragoors).
Make sure to follow the Stella team on Twitter for continued updates, and check out their thread on the Hypernova upgrade below!
Biggest TVL Movers + Else
Chains are surprisingly green today given price action. Biggest gainers on the weekly among top 30 chains are Pulse Chain (#16) at +23.68%, and Tron (#2) at +20.74%.
Protocols are quite red today (not sure why the discrepancy vs chains). Top gainers on the weekly among top 100 protocols are stUSDT (#11) at +96.59%, and Wemix Fi (#49) at +47.54%.
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
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 @Blitzappxyz. Twitter bio states “Cultural exchange in real-time”.
-New Starknet dex called @yetanotherswap. Twitter bio states “Yet Another Swap on @Starknet. Crafted by GrindLabs and forged by @class_lambda…” h/t @thealphfadigest:
-New SocialFi project called @TopicMarket. Twitter bio states “A Revolutionary Social Platform Where You Can Trade Hot Topics #TopicMarket. Backed by @bakery_swap”. h/t @thealphadigest:
-New trading bot project called @TeamPerpbot. Twitter bio states “PerpBot, a ground-breaking Sniper, Options, and Futures Bot. Powered by @dYdX and @HegicOptions…” h/t @thealphadigest:
-New stablecoin protocol called @ProtocolChi. Twitter bio states “Scaling DeFi with USC.” h/t @thealphadigest:
-New project called @MemswapProtocol. Twitter bio states “Memswap is an EVM protocol for trading tokens and NFTs using decentralized market orders. Currently in Alpha.” h/t @ptrwtts:
Security Alerts
-Security alert from @coingecko:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (all types, $1M+ TVL) 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)
-Bond market continuing to dominate macro headlines as yields spike higher:
-More macro thoughts related to the above, from @fejau_inc and @PauloMacro:
-US stock market down over $1T this week:
-Some ticker headlines from @CryptoNikyous:
-$ETH futures ETF potentially coming in early October:
-New SocialFi project PostTech generating lots of discussion, h/t @Flowslikeosmo:
-Interesting story re: Tether subsidiary buying $427M worth of Nvidia chips:
-NFT’s currently account for 0.64% of the overall crypto market cap, h/t @punk6529:
-Market thoughts from @Pentosh1:
-Good thread on Rabby vs MetaMask from @Louround_:
-Interesting speculation on Bitcoin-origins, from @nic__carter and @danroberts0101:
-New protocol breakdown from @Ceazor7, on Wagmi:
-New episode of NFA Live featuring @coinbureau, @NewsAsset, and @intocryptoverse:
-Trading sentiments from @drakeondigital:
-Parting wisdom from @brave_raf:
Conclusion
Happy Friday good 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.