Happy Tuesday good degens!
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: $1,932.90
Oil (WTI): $85.45
Stocks (from:@News4Moves): N/A
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
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@OnChainWizard just did another great walk-through video showing all of ChainEDGE’s newest features, so make sure to check it out below!
Biggest TVL Movers + Else
Chains are mostly red today. Fastest-growing chains on the weekly with at least $10M TVL are Base, Gnosis, and Starknet.
Protocols are also quite red today. Fastest-growing protocols on the weekly with at least $5M TVL are Base dex Aerodrome, Binance Staked ETH, multichain CDP protocol Overnight Finance, multichain uncollateralized lending protocol Clearpool, and multichain RWA protocol Tangible.
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):
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!)
-Something new on Base called @Basetasm. Twitter bio states “Synthetic-algorithmic tokens on #Base”.
-Something new called @groupficom. Twitter bio states “GroupFi: Your Web3 Social Protocol Solution. Incorporate our Cross-dApp token/NFT-driven group chat into your dApp and keep your users engaged. Coming in Q4”.
-Something new called @EnderProtocol. Twitter bio states “Liquid Staking Power (LSP) & Metaverse Protocol @Endworld_io”.
-New project on Base called @PantheonEco. Twitter bio states “🏛️ bringing innovation to @BuildOnBase”.
-New protocol on Base called @SeamlessFi. Twitter bio states “A decentralized, non-custodial liquidity market that creates a more seamless experience for Suppliers and Borrowers.”
-Something new called @AmphoraProtocol. Twitter bio states “🏺Drink from the endless Amphora🏺”. Apparently flywheel-ish project with connection to Syntetix and Convex(?). h/t @AresLabs_xyz:
-A new dex on Base called @ComfySwap has been added to @DefiLlama. Twitter bio states “ComfySwap is a DEX with anti-rug protections. We are tired of rugs, so we made this. Trade comfy.”
Security Alerts
-@Stake has apparently been exploited:
-Alert/heads-up re: Discord c/o @PocketUniverseZ:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama ($1M+ TVL, single-exposure, 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)
-A very large + inefficient sale of Synapse SYN token by a vc firm generated a lot of attention yesterday, h/t @WazzCrypto and @OnchainDataNerd:
-Total nominal US household debt at record levels:
-Chart of @friendtech TVL from @hildobby_:
-Tether now holds more US treasuries than the UAE, Mexico, Australia, or Spain, and holds over 1/7th as much as China:
-Adoption signals?
-Some ticker-poasting/updates from @CryptoNikyous:
-Couple contrarian charts/perspectives on US real estate, h/t @ThHappyHawaiian and @dvassallo:
-Trading/investing thoughts from @CryptoCred:
-Latest inflation data from @truflation:
-Good list of Dune dashboards from @Flowslikeosmo (click to see rest of long-form tweet):
-@BanklessHQ interviewed @MikeIppolito_ in a discussion on various L1 debates, ETH/SOL/ATOM, etc:
-New video from @Ceazor7 on @basinexchange, the new dex from the team at @beanstalkmoney:
-New video from @coinbureau going over all the top stories in crypto:
-Wise thoughts from @jediblocmates:
-Parting sentiments c/o @TraderMercury:
Conclusion
Happy Tuesday friends! Stay alert out there!
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.