Happy Wednesday friends! Crazy day in both crypto and macro!
Stats/alerts/etc at top and news/events/links at bottom as always!
Market Update
Overall crypto market cap: -6.0% to $0.984T.
$BTC: -5.9% to $18,742.08, and a market cap of $358.8B.
$ETH: -9.3% to $1,513.60, and a market cap of $182.2B.
Gold: $1,716.00
Oil (WTI): $87.58
Stocks:
More Crypto:
Biggest Price Movers
(From @coingecko top 500)
Up:
-bZx Protocol $BZRX +35.3%
-Blox $CDT +25.3%
-Stargate $STG +14.3%
Down:
-BoringDAO [OLD] $BOR -49.0%
-inSure DeFi $SURE -27.2%
-DeFiChain $DFI -26.7%
Spotlight
@landxfinance released an excellent guest article from @DegenSensei (see below). Again, LandX is a upcoming RWA (productive farmland) protocol who we’re partnering with to spread awareness regarding their Q4 launch.
Biggest TVL Movers
Chains are extremely red today. Only 3 of the top 50 are green on the daily (DeFiChain, Canto, and Acala). On the weekly the two big winners are the aforementioned DefiChain (#11) at +22% and Canto (#26) at +29%.
Protocols are similarly red. On the daily only 4 of the top 100 are green: Frax (#13), DeFiChain Loans (#52), Orca (#93), and Maple (#98). Canto Dex looks poised to enter the top 100 soon, currently being at #109 with $67.84M TVL and growing.
Here’s The Top 12 Fastest-Growing Chains By Weeekly TVL (from @defillama - no TVL filter so includes very small ones too):
Here’s The Top 12 Fastest-Growing Protocols By Weeekly TVL (from @defillama - minimum TVL $1M):
Other Data Points
Bitcoin Fear/Greed Index:
(from @BitcoinFear)
Ethereum Fear/Greed Index:
(from @EthereumFear)
New Protocols
(note: this is checked via a variety of sources (listed below when used) and general Twitter research - note: this excludes Tomb forks and reflection tokens and tries to only include at least semi-legitimate defi-oriented stuff, but DYOR)
-New BSC/ETH(?) protocol called @WowmaxExchange. Twitter bio states “WOWmax is the next generation DEX aggregation protocol that uses slippage as an additional source of optimization.” (h/t @ApeOClock)
-New stableswap protocol on BSC called @PolyOpt added to @defillama. Twitter bio states “The safest multichain #Stableswap with novel single-sided liquidity provision and low slippage.”
-New dex called @Van_Swap added to @defillama. Description reads “DEX Built On Vision Network. Uses A “Defi + NFT” Paradigm, Which Isolates The Platform Token's Governance Utility From Its Governance System And Uses NFT To Power It.”
-Something called @bru_finance having their mainnet launch soon. Twitter bio states “Creating DeFi 2.5 | Globally largest issuer of tokenised assets - $600 Million & counting.”
-New protocol called @ZumerProtocol launching soon. Twitter bio states “Building a decentralized investment bank for NFTs, offering NFT-collateralized loans and BNPOL through a sustainable risk management.”
-New protocol called @OpenSkyFinance added to @defillama.
-New protocol called has been added to @defillama called @PowaaProtocol. Description states “Powaa protocol was built to swap all the obsolete assets on PoW Ethereum for ETHW after the upcoming Ethereum Merge towards PoS.”
-Newish protocol @dammfinance has been added to @defillama. Twitter bio states “Transparent institutional lending for any token.”
Rug Pulls/Exploits/De-Peggings/Liquidation Alerts
-@certiKAlert released an alert regarding a Discord hack of @D3lusionNFT.
-@PeckShieldAlert issued an alert on a flash-crash on ‘Cornerstone’ $CNR.
-@certiKAlert also released the following alert:
-@PeckShieldAlert issued alert on 3AC-tagged wallets seeing movements:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @defillama (all types, $1M+ tvl only) and @stable_fish - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Other News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-$BTC back to 2020 levels:
-$ETH borrowing paused on Aave V2 until after the merge:
-Fraxlend has launched:
-$ETH/$BTC ratio keeps climbing, with $BTC barely above its YTD lows while $ETH is up over 60% from them:
-@jerallaire released a thread discussing the Binance $USDC news from yesterday:
-Adoption headlines:
-$OP airdrop for @1inch users:
-Interestingly, 69% of ENS holders own just one domain:
-Big macro question is when will Fed turn off the dollar wrecking ball that is obliterating Japan/Europe/emerging markets:
-@cobie wisdom on FTX perp listings:
-@The_Babylonians released an excellent video on @foldfinance $FOLD:
Conclusion
Have a good one fellow frogs!
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