Happy Tuesday friends!
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: $2653.50
Oil (WTI): $71.27
US 10Y Treasury: 3.764%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Sei Season 2 is about to go live on @vertex_protocol good anons!
Here’s the details:
- Start Date = Wednesday, September 25th 2024
- Duration = 4 weeks
- Rewards = 750K SEI tokens per week.
- Eligibility = Every taker trader
In addition, there may be more big trading competitions coming up as well(!), so make sure to follow Vertex on Twitter for more updates…
And visit the Vertex site to get started trading 50+ different perps and spot markets now at app.vertexprotocol.com!
Biggest TVL Movers + Else
Chains are flattish-red today. Biggest gainer on the weekly among top 50 chains is Sei (#30) at +25.74%.
Protocols are a bit red today as well. Biggest gainer on the weekly among top 50 protocols is Aerodrome (#33) at +32.12%.
Here’s The Top 12 Fastest-Growing Chains By TVL On The Weekly With At Least $1M TVL (from @DefiLlama):
Here’s The Top 12 Fastest-Growing Protocols By TVL On The Weekly With At Least $1M TVL (from @DefiLlama):
Here’s The Top 12 Entities By 24 Hour Revenue Generation (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 @4realfinance. Twitter bio states “✧ Real Yield strategies for 𝐁𝐞𝐥𝐢𝐞𝐯𝐞𝐫𝐬. Ascend and Keep it 𝐑𝐞𝐚𝐥 ✧” Followed by 19 of our mutuals. h/t @schizoxbt:
-New project called @moonthatgg. Twitter bio states “fairest way to launch/buy memecoins”. Followed by 70 of our mutuals. h/t @AresLabs_xyz:
-Something new called @pumpdotscience. Twitter bio states “The only game that you can play forever”. Followed by 8 of our mutuals. h/t @AresLabs_xyz:
-Something new called @PrismFHE. Twitter bio states “Prism Protocol is a privacy protocol for multi-party coordination. We unlock new markets through encryption and AI.” Followed by 9 of our mutuals. h/t @AresLabs_xyz:
-Something new called @bulletxyz_. Twitter bio states “The real-time L2 on Solana. Testnet Q4 2024.” Followed by 21 of our mutuals. h/t @AresLabs_xyz:
-New launchpad on BSC called @four_meme_ has been added to @DefiLlama. Twitter bio states “…the premier fair launch platform for meme coins on @bnbchain.” Followed by 26 of our mutuals.
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (single-exposure, no-IL, and $1M+ TVL only) - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Security Alerts
-No security alerts today.
Important News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-ETH and alts continuing to look bullish, h/t @Jackisnotinabox:
-AI narrative continuing to outperform, h/t @CryptoKoryo:
-Polymarket reportedly considering a token launch:
-Following story from China re: increased easing + stimulus is generating much attention in macro circles:
-Thoughts on the above from Dan Tapiero @DTAPCAP:
-Additional China headline, h/t @zerohedge:
-EigenLayer update c/o @WuBlockchain:
-Lot of discussion about a lack of transparency with Coinbase’s $cbBTC, h/t @0xngmi:
-Celestia announces new $100M raise, h/t @leviathan_news:
-More Trump crypto/national debt comments generating attention, h/t @AutismCapital:
-Trading thoughts from @0xSisyphus:
-New crypto news overview from @coinbureau:
-New @Unchained_pod roundtable from Singapore conference featuring @CryptoHayes and other guests:
-Parting wisdom from @MikeAbundoTech:
Conclusion
Happy Tuesday friends! Stay alert out there!
And please RT/subscribe/etc if you found this valuable!
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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.