Happy Monday friends! Another big week ahead of us!
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: $1,920.90
Oil (WTI): $90.64
Stocks (from:@News4Moves): N/A
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Attention degens… @Radpiexyz_io is a new SubDAO by @magpiexyz_io that leverages @RDNTCapital 's ecosystem!
As you may already know, the gents @magpiexyz_io have been building up a storm this year, and we are going to be helping spread the word about Radpie and their other endeavors!
As background, @magpiexyz_io is a multi-chain defi ecosystem providing yield and veTokenomics boosting services, supporting well-respected and popular defi protocols like @pendle_fi, @WombatExchange, @RDNTCapital, and @CamelotDEX. You most likely know them through their Pendle-specific iteration @Penpiexyz_io!
Their SubDAO Radpie- again, built on Radix- just went live on September 22nd, so make sure to check out their site! They also recently completed audits with @peckshield and @BlockSecTeam (see tweet about the latter below!).
Biggest TVL Movers + Else
Chains are mostly green today. Biggest gainer on the weekly among top 50 chains is Kujira (#43) at +64.42%. Biggest loser is Astar (#41) at -8.47%.
Protocols are more red again. Biggest gainer on the weekly among top 100 protocols is WemixFi (#42) at +86.40%. Biggest loser is Aerodrome (#63) at -29.39%.
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/Protocols By 24 Hour Fee Generation (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 24, 2023 chainEDGE - Today's Summary Another very slow day in terms of flows. Onchain activity this weekend was mostly dead. MONKE, MOG and BITCOIN were inflow leaders over the last 24hr, though in very small amounts ($14k each). CAL led outflows with $153k, the biggest $ move in smart money over the weekend. Other outflows were seen in RLB ($47k) and PEPE ($16k). In terms of new launches, OXY was the most popular in the last 24hr, receiving $13k of buys (still small in general). Notably, smart money has sold 73% of their holdings in this token already. On a 7 day basis, the top accumulated tokens by smart money include BITCOIN, ICE, PRIME and new launch FLUID. Notable newer tokens with $100k smart holdings includes CAL, BANANA, Real Smurf Cat, and SHIA. FLUID was the most interesting buy activity over the weekend, receiving $103k in smart money buys at an average price of $0.368 vs. current trading at $0.43. Notably, smart money has retained ~76% of their buys thus far, usually a bullish signal. Trader highlight of the day goes to all the CE smart cohort, which in aggregate made $200k in realized PnL 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 SocialFi project on Mantle called @joinfantech. Twitter bio states “The Social Networth | Mainnet is LIVE... @0xMantle | Support @fantechintern |”
-Another new SocialFi project called @Friendzygg_. Twitter bio states “With friends, your wealth trends. Try the BETA now…” h/t @twindoges:
-New project on Solana called @surfer_fi. Twitter bio states “Bringing yield trading to Solana. Hyperdrive hackathon entrant, devnet launching soon…” h/t @twindoges:
-New dex on Core called @futuristicswap. Twitter bio states “#DEX With Futuristic Utilities: #Bank || #Launchpad || #Pay || #Nftmarketplace || #P2eGame || #Wallet || #Lottery || #Chain...” h/t @ApeOClock:
-New dex on Manta called @MantaSwap_ has been added to @DefiLlama. Twitter bio states “Manta Swap is the first DEX on the Manta network, offering low fees, speed, and user-friendly features. @MantaNetwork #Mantaecosystem”.
Security Alerts
-Mixin Network was hacked for $200M yesterday, h/t @lookonchain:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama ($1M+ TVL, single-exposure, and no-IL only) 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 yields up, risk assets down trend continues:
-Macro schedule for the week ahead:
-Token unlocks data from the week c/o @Token_Unlocks:
-Over 69M unclaimed ARB tokens have been sent back to the Arbitrum treasury:
-Interesting stats on alt-L1 and L2 token price performance this year c/o @thedefivillain:
-Spiking bond yields pushing Eurozone issues back into forefront:
-Interesting story re: @maplefinance pivoting away from under-collateralized lending:
-Vesta Finance will apparently be dissolving, h/t @witconomist:
-Latest inflation data from Chainlink-powered @truflation:
-Couple interesting takes on NFT’s from @ThinkingUSD and @punk6529:
-22.50% of $ETH now staked (from excellent weekly thread of liquid-staking stats/updates from @KopremesisE):
-Good new macro/crypto video from @Blockworks_ featuring @MarkYusko and @MikeIppolito_:
-Parting wisdom from @ReetikaTrades and @SalsaTekila:
Conclusion
Happy Monday degens! Let’s get after it this week!
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.