Happy Saturday friends!
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: $1,848.40
Oil (WTI): $90.79
Stocks (from:@News4Moves):
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
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They also just launched a New Launch Digest, so make sure to sign up now to utilize it as well!
Biggest TVL Movers + Else
Chains are mixed today. Top 40 chains green on all three timelines (daily, weekly, monthly) include Tron (#2), Pulse Chain (#13), Celo (#20), Thorchain (#26), Sui (#36), and Linea (#40). Top 40 chains red on all three timelines include Solana (#9), Rootstock (#23), and Hedera (#39).
Protocols are mostly green today. There are a ton of top 100 protocols green on all three timelines (daily, weekly, monthly). Only top 100 protocols red on all three timelines are MakerDAO (#3), Venus (#20), Pando (#69), Mento (#80), Osmosis Dex (#81), and DeFiChain Loans (#85).
Here’s The Top 12 Chains By TVL (from @DefiLlama):
Here’s The Top 12 Protocolss By TVL (from @DefiLlama):
Here’s The Top 12 Stablecoins By Market Cap (from @coingecko):
Other Data Points
Bitcoin Fear/Greed Index:
(from @BitcoinFear)
Ethereum Fear And Greed Index
(from @EthereumFear):
Fee Generation (from cryptofees(dot)info):
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 project called @HydtProtocol. Twitter bio states “30%+ APY stablecoin staking protocol on BNB chain! Oct 9 2023 initial launch! Join discord group for early update…”
-Something new called @cruisefi_gm. Twitter bio states “DeFi’s first non-liquidating stablecoin loan 🌊”. h/t @twindoges:
-New project called @Superpositionso. Twitter bio states “The first Arbitrum DeFi Layer-3 focused on incentives and order-flow.” h/t @twindoges:
-New project called @Flush_LSD. Twitter bio states “👉 Innovative LSD Casino • Unlock liquidity for LSD holders, allowing exposition to gambling • Testnet is LIVE • $FLUSH not live yet!”
-New SocialFi project called @FriendFidotOrg. Twitter bio states “Social marketplace for friends&content creators. Buy, sell and trade keys. Powered by $FFI. Build on @Starknet and @BNBchain.Audited by @CFGNinja…” h/t @ApeOClock:
-New ETH Mainnet RWA protocol called @DigiFTTech has been added to @DefiLlama. Twitter bio states “Regulatory-compliant RWA DEX. Join our Telegram community! 🏠…”
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)
-@zhusu was apparently arrested in Singapore yesterday:
-Sentiments from @gainzy222:
-Bond market continues its historic decline:
-Tether continues to dominate the stablecoin landscape, h/t @dunleavy89:
-Narrative notes c/o @thedefivillain:
-Arbitrum eco update c/o @Flowslikeosmo:
-Van Eck announced it would donate 10% of the profits from its $EFUT ETF to Ethereum contributors via @ProtocolGuild, h/t @0xngmi:
-Update on PCE inflation numbers from @NickTimiraos:
-@friendtech update from @AllThingsETH:
-Interesting chart of @friendtech top 250 key prices from good thread by @ChillTRD:
-Interesting macro thread from @donnelly_brent:
-Excellent thread from @chilla_ct:
-New episode of @thebellcurvepod going over a bunch stories/topics in defi, featuring @MikeIppolito_, @MylesOneil, and @im_manderson:
-New @BanklessHQ video going over several dozen of the top stories in crypto this week:
-New episode of @0xsteadylads:
-Parting wisdom from @crypthoem:
Conclusion
Have a great Saturday good frogs and don’t forget to touch some grass today!
And please RT/subscribe/etc if you found this valuable! :)
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Note
Silent Protocol @silentdao_ has announced a new integration with @LybraFinance!
As background, @silentdao_ is an extremely interesting new project currently building something quite significant + ambitious re: on-chain privacy… Rather than a standalone chain or a mixer, the idea is to create a composable middleware encryption layer that allows privacy preservation within the EVM itself, allowing users to interact with defi protocols anonymously…
Our editor @rektdiomedes is working with the @silentdao_ team to help with education/drum-banging/etc… so make sure to follow them on Twitter and see the following thread from @LybraFinance on the new integration below!
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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.