Happy Wednesday friends! Lots of stuff going on!
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: $1,898.60
Oil (WTI): $91.14
Stocks (from:@News4Moves):
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Attention degens… @Radpiexyz_io is now live!
As announced in their newest Medium article:
“The cosmic alignments have decreed, and today Radpie emerges from the mists of creation onto Arbitrum and BNB Chain. This transition to our mainnet signifies a pivotal turn in Radpie’s evolution, revealing vast landscapes of untapped potential and bounties for those who navigate the DeFi expanse.”
As background, Radpie is a new SubDAO from the gents at @magpiexyz_io focused on helping on-chain defi users leverage the benefits of Radiant Capital aka @RDNTCapital… In this regard it is very similar to Magpie’s popular Pendle-specific iteration @Penpiexyz_io, but focused on Radiant instead :)
We’re helping the the gents at Magpie bang the drum about Radpie and all their other SubDAO’s, so make sure to follow both the @magpiexyz_io Twitter account as well as the @Radpiexyz_io one for more updates! And check out their new Medium article about the Radpie launch below!
Biggest TVL Movers + Else
Chains are mixed today. Top 50 chains up at least 10% on the weekly include Moonbeam (#35) and Sui (#38), and top 50 chains down at least 10% on the weekly include DefiChain (#12), Mixin (#14), Bitcoin (#16), Osmosis (#22), and Pego (#45).
Protocols are mixed today as well. Top 200 protocols up at least 50% on the weekly include MoonBase, Mellow Protocol, TProtocol, Vaultka, Pluto, Scallop, Binance Staked ETH, Silo Finance, and NAVI Protocol.
Here’s The Top 12 Fastest-Growing Chains By TVL On The Weekly (from @DefiLlama):
Here’s The Top 12 Fastest-Growing Protocols By TVL On The Weekly (from @DefiLlama - note: this one has a minimum TVL filter so only includes protocols with at least $1M TVL):
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 26, 2023 chainEDGE - Today's Summary DMT again the leader of smart inflows, with $48k of net buys. All the buying is concentrated in just one wallet (mentioned in prior day issue). Other inflows were on MKR, LINK, OCISLY. In terms of new launches, KEYS was the smart money favorite over the last 24 hours, receiving $29k of buys ($25k net), with smart money retaining 84% of their holdings across 8 traders. Other high retention new launches were seen in Wash Bot and UNIWAR. On a 7 day basis, DMT, FLUID, PRIME, BITCOIN and ICE were the leaders in terms of smart money accumulation, each receiving $50k of net swap inflows. FLUID is the newest token within this list. High PnL traders ($250k+) were seen buying APX, GOOD, KEYS, OCISLY, Washbot and XX in the past 12 hours (buys over $1k). Outflows were seen in CAL, RLB, BITCOIN, Real Smurf Cat and MOG. The most recent new launch with 50%+ smart $ retention was seen in QUEST, which currently trades at a $350k market cap.
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 blockchain called @FhenixIO. Twitter bio states “Programmable. Scalable. Encrypted…”
-Another new blockchain called @gevulot_network. Twitter bio states “Gevulot is a permissionless and programmable layer 1 blockchain for deploying zero-knowledge provers and verifiers as on-chain programs.”
-Something new called @fmprotocol. Twitter bio states “Build and Automate your Defi workflows”. h/t @twindoges:
-Something new called @klaster_io. Twitter bio states “Multichain stack for the next-gen of on-chain finance”. h/t @twindoges:
-New project called @DiracFinance. Twitter bio states “Institutional Grade Decentralized Options Vault. Earn yield through options, structured products, and principal-protected coupon notes strategies.” h/t @twindoges:
-New project called @Unstable_money. Twitter bio states “Permissionless LSDfi-native pseudostable”. h/t @twindoges:
-New SocialFi project on Arbitrum called @CipherRip has been added to @DefiLlama. Twitter bio states “Enter - Engage - Earn 👾 Send a Cipher on @arbitrum today 👾”.
-New SocialFi project on Avalanche called @StarSharesXyz has been added to @DefiLlama. Twitter bio states “Star Shares - trade twitter profiles on $AVAX. Buy and share your favorite creators and earn from their success. #Avalanche…”
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama ($5M+ TVL, single-exposure, and no-IL only) - 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)
-New Wall Street Journal article on Binance catalyzing lots of discussion, h/t @Timccopeland:
-Apparent Celestia airdrop generated attention yesterday, h/t @alpha_pls:
-Interesting related stat from @0xren_cf:
-Red day for stonks yesterday:
-Interesting historical data on stock market performance this time of year, h/t @RyanDetrick and @bespokeinvest:
-Big story yesterday re: @PudgyPenguins:
-Top-performing large cap tokens over last 90 days, c/o @thedefivillain:
-Interesting historical data on Bitcoin performance in October from @tedtalksmacro:
-@Pentosh1 on early January as likely climax of the Bitcoin ETF approval saga:
-Interesting macro stat from @JJCycles as dollar continues strengthening:
-Vance Spencer @pythianism on the burgeoning restaking meta:
-Oil situation continuing to generate headlines:
-Interesting analysis of impending Arbitrum grants program in context of data from Optimism’s similar programs, from @apes_prologue (click to see rest of long-form tweet):
-Some stats on TON blockchain from excellent thread on $TON from @ReveloIntel:
-Interesting thread from @0xdavanai analyzing long-term outcomes for the top 20 tokens by market cap as of 2017:
-Interesting video from @goodgamepodxyz discussing @friendtech and more, featuring Aric and Jae from @ManifoldTrading:
-New livestream from @blockbytescom featuring @MasonCorval and @0xSouvlaki discussing RWA’s, Frax Finance, Chainlink, and more:
-Parting sentiments c/o @milesdeutscher:
Conclusion
Happy Wednesday 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.