Happy Monday friends! Is a holiday today so tradfi markets closed but crypto never sleeps!
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: $2530.10
Oil (WTI): $73.41
US 10Y Treasury: 3.909%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
The team at @silentdao_ is continuing to develop their revolutionary new on-chain privacy architecture… which is essentially meant to be a middleware privacy/encryption layer that will facilitate composable privacy solutions within the EVM itself...
To quote their most recent article:
“Silent Protocol is building the ghost layer, a modular layer 1.5 providing compliant privacy built on the EZEE framework to become that structured playground for institutions and retail users that can provide compliant, secure and privacy preserving access to ethereum native and cross chain liquidity along with enabling access to applications.”
Our editor @rektdiomedes is helping bang the drum about everything @silentdao_ is working on, so make sure to check out the below article, and follow Silent on Twitter for more updates!
Biggest TVL Movers + Else
Chains are mostly red again today. Top 100 chains up at least 5% on the weekly include Cronos zkEVM (#72), IoTeX (#75), Flare (#80), Alephium (#88), Venom (#92), and EOS EVM (#92).
Protocols are mostly red as well. Top 100 protocols up at least 5% on the weekly include Ondo Finance (#42), Hashnote USYC (#70), and Usual Money (#80).
Here’s The Top 12 Top-Performing Chains By TVL On The Weekly With At Least $1M TVL (from @DefiLlama):
Here’s The Top 12 Top-Performing Protocols By TVL On The Weekly With At Least $1M TVL (from @DefiLlama):
Here’s The Top 12 Entities By 24 Hour Fee Generation (from @DefiLlama):
Bitcoin Fear/Greed Index:
(from @BitcoinFear)
Chart Of The Day
(Courtesy of our Official Sponsor @vertex_protocol)
-Is the $WIF arc and the “memecoin supercycle” dead anon?!? Much discussion about this subject these days! If you have a strong thesis then go long or short via spot or leverage 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!)
-Something new called @PaymanAI. Twitter bio states “We make it easy for AIs to pay humans”. Followed by 17 of our mutuals. h/t @0xTyllen:
-Something new called @WH_Sigma. Twitter bio states “Empowering the next generation of multichain applications. Powered by @Wormhole.” Followed by 5 of our mutuals. h/t @wormhole:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (all types, $20M+ TVL) - 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)
-Macro schedule for the week ahead, h/t @KobeissiLetter:
-Stock market up at 18.4% so far this year, h/t @charliebilello:
-Sentiment check c/o @docXBT:
-September thoughts from @qthomp:
-Expected September airdrops, h/t @NPC_68:
-Lot of discussion about blob fees on the TL right now, h/t @iamDCinvestor:
-Bitcoin miners' revenue hit an 11 month low in August, h/t @WuBlockchain:
-BlackRock holdings now exceed Grayscale, h/t @DaanCrypto:
-@fantasy_top popping up on the TL again as well in recent days, h/t @0xBreadguy:
-Memecoin thoughts + data from @MustStopMurad:
-Sentiments c/o @blknoiz06:
-New video on everything airdrop-related, h/t @KryptoCove:
-New roundtable discussion from @theempirepod:
-Parting wisdom c/o @Route2FI:
Conclusion
Happy Monday 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.