Happy Saturday friends! Let’s get after it!
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: $1,924.80
Oil (WTI): $90.34
Stocks (from:@News4Moves):
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
The DEX vs CEX wars continue, and @HMXorg is helping take the lead in the paradigm shift to on-chain trading!
HMX provides a CEX-like user experience thanks to unique features such as cross-margin position, multi-asset collateral, on-chart trading, one-click trading (through AA), and API integration for bot trading… all on-chain in a permissionless, transparent, self-custodied environment….
HMX has seen 300% TVL growth since launch and are about to hit 3B in trading volume within only 90 days... as well as a newly minted PWA for mobile users, a rapidly expanding user base, a popular referral program, and more shipping to come!
We are helping spread the good word about what they have been building, so make sure to follow them on Twitter and check out the excellent thread below!
Biggest TVL Movers + Else
Chains are mostly green today. Chains with at least $10M TVL up at least 20% on the weekly include Kujira, Pulse Chain, TON, Tron, and Neutron.
Protocols are mixed today. Protocols with at least $2M TVL up at least 50% on the weekly include Waves reserve currency protocol Pluto, WemixFi, multichain yield aggregator protocol Mellow Protocol, Conflux staking pool protocol ABC Pool, multichain cdp protocol Kurrency, Kujira protocol, multichain protocol (no category designation) ScrubMoney, and Kava lending protocol Mare Finance.
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 Chains By 7 Day Stablecoin Inflow % (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 22, 2023 chainEDGE - Today's Summary Another slow day in terms of flows. Inflows were led by buys on GALA, FINE, FOOM, and RLB. Sells where seen in MOG, BlockBank and BEAR. There were also small buys on ICE (~$8k), which now has $292k of total smart money holdings. Interestingly, the largest smart holder (💎 Gem Spotter 0xf7b...1f1) owns $150k and has a very good track record ($375k PnL across fundamental projects like LVL, GRAIL and NEOBOT). We observed some abnormal dip buying in FINE from 💎 Gem Spotter 0x9f2...1b5, who scooped up $32k of the token. This trader has $546k in realized PnL over the last 6 months. From a new launch perspective, only MONKE has seen smart money retain their positions ($29k of buys / 46% still holding). Notable coins with over $100k of smart money holdings currently includes: CAL, BANANA, Real Smurf Cat, SHIA, LINQ, MOG, RLB, BITCOIN, UNIBOT, FOOM, OX, PEPE and PRIME. Trader highlight of the day goes to 🚀 New Launch Pro 0xf4e...56f who made $25k on CAL.
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 @YldngProtocol. Twitter bio states “Yielding Protocol is at the top of the chain.”
-New trading bot project called @HausBotBets. Twitter bio states “Bet easy and fair at your fingertips - on @Telegram & @Arbitrum 🏈🏀⚽️ Decentralized Sportsbook! 🏆”. h/t @brave_raf:
-New project called @Kintsu_xyz. Twitter bio states “Next-gen liquid staking infrastructure. Accelerating the compliant privacy-enhancing #DeFi paradigm”. h/t @brave_raf:
-New L1 called @inconetwork. Twitter bio states “fhEVM | FHE Confidentiality + EVM Protocol | We enable the next generation of dApps with composable and operable encrypted states. Fully On-chain.” h/t @twindoges:
-New project called @LanternFi. Twitter bio states “Staking doesn't have to be scary (coming soon!)”. h/t @twindoges:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (all types, $5M+ 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)
-Statement from Coinbase’s Paul Grewal that they “can’t rule out” a future token generated lots of discussion yesterday, h/t @CC2Ventures:
-Interesting chart from @nic__carter:
-Narrative/ticker alfa from @thedefivillain:
-SocialFi continues generating intense discussion/use, h/t @Flowslikeosmo:
-Some interesting tradfi TA:
-Lots of talk about Treasury Buybacks in US macro news:
-Some Cosmos developments from @TheDeFinvestor:
-More negative signs for US commercial real estate and CRE paper:
-ETH Futures ETF update:
-Interesting tweet from @coingecko on most-watched NFT collections:
-Lots of chatter about another potential US government shutdown:
-New episode of Steady Lads podcast going over all the top stories in defi and discussing the market:
-Excellent new discussion from @theempirepod on all things crypto featuring @santiagoroel and @JasonYanowitz:
-Encouraging sentiments from @MarketMobsterUK:
-Parting wisdom from @CoinGurruu:
Conclusion
Happy Saturday 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.