The Daily Degen- September 25th, 2024

All of today's news/data/alerts...

Sep 25, 2024

Happy Wednesday good degens! Lots of stuff going on!

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: $2681.20

Oil (WTI): $71.03

US 10Y Treasury: 3.753%

Biggest Price Movers

(From @coingecko top 1000, by 24 hour change)

Spotlight

Take note friends! The INFINIT Early Access Program is here!

The alpha version of the new program is now available for early access, and lets users build simple dApps like money markets and dex’s (and create erc-20 tokens) on selected chains like Mantle, ETH Mainnet, and more!

All the details are in the thread below so make sure to check it out for more details!

And here is some background on INFINIT for those of you not already familiar with it!

“By providing end-to-end DeFi infrastructure support, INFINIT enables anyone to launch and scale DeFi protocols in minutes. Its modular approach to provide customizable building blocks, enable developers to easily plug-and-play different components to build a new protocol or add new functionalities to existing protocol. This allows DeFi protocols to quickly launch and scale in a timely manner and go-to-market faster with fuller functionalities without the need to start development from scratch.”

We have been helping the team behind @Infinit_Labs raise awareness about everything they have been building, so make to check out thread below for more info on the INFINIT Early Access Program or read the associated Medium article, and follow Infinit on Twitter for continued updates!

Biggest TVL Movers + Else

Chains are mixed today. Fastest-growing chains on the weekly with at least $10M TVL are IoTeX, Sei, and Neutron.

Protocols are also mixed today. Fastest-growing protocols on the weekly with at least $10M TVL are ETH Mainnet liquid-staking protocol Treehouse Protocol, Avalanche liquid-staking protocol GoGooPool, Sei liquid-staking protocol SiloStake, Cardano dex Splash Protocol, and multichain yield protocol Toros.

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 Entities By 24 Hour Fee Generation (from @DefiLlama):

Here’s The Top 12 Dex’s By 7 Day Volume (from @DefiLlama):

Bitcoin Fear/Greed Index:

(from @BitcoinFear)

Chart Of The Day

(Courtesy of our Official Sponsor @vertex_protocol)

-There is a noticeable tingle of bull market excitement on the TL good anons! What do you think will happen next?!? Long or short $BTC on spot or leverage now with Vertex and access 50+ other markets as well at app.vertexprotocol.com!

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!)

-New project called @PetrolFinance. Twitter bio states “Supercharging $DYAD, Fueling Exotic Liquid Staking Options for $KERO with Petrol”. Followed by 6 of our mutuals. h/t @AresLabs_xyz:

-New project called @Toptrader_xyz. Twitter bio states “Compete in trading simulations for crypto.” Followed by 12 of our mutuals. h/t @AresLabs_xyz:

-Something new called @PrismaXai. Twitter bio states “Leverages Proof of First-Person View (PoV) to enable the decentralized collection of high-quality, large-scale visual data.👁🤖”. Followed by 4 of our mutuals. h/t @AresLabs_xyz:

-New project called @truex_exchange. Twitter bio states “Redefining institutional crypto trading with stablecoin settlement and separate execution and custody for unmatched efficiency and transparency.” Followed by 6 of our mutuals. h/t @AresLabs_xyz and founder @vishalkgupta:

-New services protocol on ETH Mainnet called @RumpelLabs has been added to @DefiLlama. Twitter bio states “Turn your points into profit + Rumpel Straw 🌾 with the premier point tokenization protocol... Backed by @dragonfly_xyz”. Followed by 93 of our mutuals. h/t @KentonPrescott:

Top Stablecoin Yields

(note: these are the top Stablecoin Yields, sourced from @DefiLlama (single-exposure, no-IL, and $10M+ 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)

-Hopeful chart from permabull @RaoulGMI:

-Look ahead to next rate cut, h/t @fejau_inc:

-Increasing focus on potential impact of mortgage rates going back down:

-Interesting story re: Circle, h/t @WuBlockchain:

-Notable story on the regulatory front, h/t @crypto_condom and @WatcherGuru:

-New tool for checking your EigenLayer S2 allocation from @benoitded, h/t @phtevenstrong:

-Additional headlines c/o @blocmatesnews:

-Interesting observation from @NTmoney:

-Thoughts on oil from @WarrenPies:

-Top recent outperformers among VC coins are SUI, SAGA, and ZETA, h/t @thedefivillain:

-Very interesting thoughts on the ETH vs SOL debate c/o @redphonecrypto (click to read in full):

-New @Unchained_pod interview with @qthomp and @Travis_Kling and the macro picture and its implications for crypto:

-New video from @0xMughal on @azuroprotocol:

-New @TaikiMaeda2 interview with @kaiynne:

-Parting sentiments from @marcusmoles:

Conclusion

Happy Wednesday friends! Stay alert out there!

And please RT/subscribe/etc if you found this valuable!

***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.