Happy Wednesday 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: $1,925.70
Oil (WTI): $86.50
Stocks (from:@News4Moves):
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
@StructFinance is a gigabrain new defi protocol that has been generating a lot of attention as of late!
Struct helps on-chain degens unlock structured finance products to maximize their risk-adjusted yields….
Currently on Avalanche, they offer tranche-based yield bearing assets built based on integrations with OG protocols like GMX, Trader Joe, and more!
We’ve been helping bang the drum about everything they’ve been building, so make sure to follow the Struct Twitter account for more updates, visit their site to check out the available yield products, and- very importantly- make sure to check out their announcement regarding the below event at #TOKEN2049!
Biggest TVL Movers + Else
Chains are mixed today. Biggest gainer on the weekly among top 30 chains is Base (#8) at +104%, and biggest loser is a tie between Optimism (#6) and Fantom (#28), both at -8.23%.
Protocols are mostly green today. Top 100 protocols up at least 20% on the weekly include stUSDT (#15), Binance Staked ETH (#22), Aerodrome (#41), Silo Finance (#87), and Alchemix (#100).
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 Dex’s By 7 Day Volume (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 called @Stratos_Network. Twitter bio states “Building the next generation of decentralized data mesh for #Web3 & #Metaverse.”
-New trading bot/GambleFi project called @TeamUnibets. Twitter bio states “AI Sports Betting Prediction tool $BETS You hold, We bet, and together we earn! Fair Launch on @TeamSaintBot 06/09/23 8PM UTC”. h/t @CryptoNikyous:
-Something new called @ReflowBet. Twitter bio states “Prediction Market & Casino with Wallet-Connect Compatibility on the most popular Blockchains 💳 Shared revenue for stakers 💸”. h/t @CryptoNikyous:
-Another new trading bot project called @OnChainDynamics. Twitter bio states “The most advanced, accessible, and affordable all-in-one trading platform on the market - CA: 0x017E9Db34fC69Af0dC7c7b4b33511226971cDdc7”. h/t @CryptoNikyous:
-New dex on Shibarium called @DalmatianDex. Twitter bio states “Unleashing innovative #DEX solutions for true yields and liquidity on @ShibariumNet. Trade, Earn Yields, Stay Fetched.” h/t @ApeOClock:
-New perps dex called @SatoruStarknet. Twitter bio states “Synthetics platform for Starknet, inspired by GMX v2 design.” h/t @AresLabs_xyz:
-New protocol called @polylendxyz has been added to @DefiLlama. Twitter bio states “A powerful, capital efficient lending protocol built on Polygon zkEVM.”
-New options protocol on Base called @aeriafinance has been added to @DefiLlama. Twitter bio states “Bringing automated exotic strategies to everyone in Web3. Building on top of @spin_fi infrastructure.”
-New project listed as a launchpad on ETH Mainnet has been added to @DefiLlama called @stealthpadxyz. Twitter bio states “We are $STEALTH”.
Security Alerts
-There was some kind of exploit of @gmblcomputer but a large portion of the funds have apparently been returned:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (all types, $1M+ TVL) 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)
-Visa announcement re: use of $USDC and Solana generated intense attention yesterday:
-MetaMask announced a new crypto-to-fiat ‘Sell’ feature, h/t @Legendary_NFT (click for rest of long-form tweet):
-Base suffered a 43 minute outage yesterday:
-Brent oil hits $90 for first time in almost a year:
-@NickDrakon on the macro/energy situation:
-A number of accounts posted solutions to the Discord links issue highlighted yesterday in the ‘Security Alerts’ section, sample below from @ItsFranken:
-Random ticker-posting from @CryptoNikyous:
-Cleveland Fed revises CPI (inflation) estimates upward for August:
-September unlocks data from @wacy_time1:
-Interesting stat from @dunleavy89:
-India continues to account for a higher and higher % of global economic growth:
-New @blockbytescom video featuring @MasonCorval and @charlie_defi going over some of the top stories in crypto:
-The bearish case on US real estate/AirBnB’s from @MenloBear and Amy Nixon:
-Interesting mainstream takes on some major crypto + macro stories/charts/etc from Ben Cowen @intocryptoverse and @GarethSoloway:
-Parting wisdom from @redphonecrypto:
Conclusion
Happy Wednesday good degens let’s get after it!
And please RT/subscribe/etc if you found this valuable! :)
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Note
As previously mentioned, @ChainEDGE_io is our official sponsor for the month of September!
ChainEDGE is the creation of our good friend @OnChainWizard, and is an absolutely gigabrained on-chain analytics + smart money tracker designed specifically for degens like our readers wanting the absolute best in real-time on-chain alfa!
Visit their site now to sign up and get started!
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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.