Happy Thursday 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: $1,925.90
Oil (WTI): $87.66
Stocks (from:@News4Moves):
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Silent Protocol @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 their announcement about their integration with @CoWSwap below!
Biggest TVL Movers + Else
Chains are mixed today. Only top 30 chains green on the monthly are Base (#8), Solana (#10), and Thorchain (#27).
Protocols are mixed today as well. Top 100 protocols up at least 10% on the monthly include stUSDT (#15), Spark (#24), Eigenlayer (#32), Thorchain (#56), Silo Finance (#88), and PearlFi (#91).
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 By 7 Day Stablecoin Inflow % (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!)
-New project called @exponentfi. Twitter bio states “Base^Exponent. Soon! 🪂”. h/t @twindoges:
-New protocol called @ConkFinance. Twitter bio states “gather your shells for an epic journey upon the #defi seas”. h/t @twindoges:
-Something new called @prosper_ex. Twitter bio states “A universal decentralized exchange, blending RWA and AI, designed to empower leveraged trading across all assets with unparalleled security and user experience.” h/t @brave_raf:
-Something new called @0xJomoID. Twitter bio states “Enable an open, authentic and privacy-preserving Internet.” h/t @brave_raf:
-Previously-mentioned Pulse Chain dex @sparkswap_ has been added to @DefiLlama. Again, Twitter bio states “Where yield farming, staking pools, AMM & a seamless BSC ➡️Pulsechain bridge come together. Brought to you by the @EMPMoneyBSC team.”
-A new Sui liquid-staking protocol called @HaedalProtocol has been added to @DefiLlama. Twitter bio states “A prime liquid staking protocol on @SuiNetwork 🦦 Sui x KCLabs Hackathon Winner🏆 #Suinami 🌊”.
Security Alerts
-@PeckShieldAlert released the following alert:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (all types, $5M+ 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)
-New paper by Vitalik, @ameensol, and several others on a potential privacy proposal/development generated a lot of attention yesterday:
-Story re: Bitcoin/fair value accounting rule change also generated headlines yesterday:
-Ark files for Spot $ETH ETF:
-Alts continuing to trend downwards vs $BTC and stables:
-Binance de-lists some trading pairs:
-Interesting story re: potential Music NFT adoption, h/t @Dynamo_Patrick:
-Tornado Cash update:
-Interesting stat re: L2’s from @Coin98Analytics:
-Poland’s central bank unexpectedly cuts interest rates:
-@SuiNetwork continuing to see growth, h/t @Flowslikeosmo:
-Oil continuing to generate more and more attention, excellent thread + charts from @KEDM_COM below:
-Interesting chart re: San Francisco real estate:
-New livestream from the crew at @leviathan_news covering all the day’s top stories in defi:
-New video with Polygon founder @SandeepNailwal from @theempirepod:
-New @coinbureau livestream from earlier today going over all the top crypto stories:
-Parting sentiments c/o @alpha_pls:
Conclusion
Have a great Thursday and stay alert out there friends!
And please RT/subscribe/etc if you found this valuable! :)
-
-
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!
-
-
***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.