The Daily Degen- August 9th, 2024

Happy Friday lads and ladettes! Quite a week its been!

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: $2466.30

Oil (WTI): $76.69

US 10Y Treasury: 3.949%

Biggest Price Movers

(From @coingecko top 1000, by 24 hour change)

Spotlight

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Indeed, as detailed in the thread below, last week $VRTX-stakers were paid out $133,613 in $USDC!

Get access to 40+ perps and spot-markets and the above-noted yield opportunities now at app.vertexprotocol.com! And make sure to follow them on Twitter for more updates!

Biggest TVL Movers + Else

Chains are very green today. Top 50 chains up at least 50% on the weekly include BSquared (#32), and Fantom (#36).

Protocols are also very green today. Protocols with at least $50M TVL up at least 50% on the weekly include Buzz Farming on BSquared, Beethoven X on Fantom + Optimism, and Suilend on Sui.

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 Entities By 24 Hour Fee Generation (from @DefiLlama):

Bitcoin Fear/Greed Index:

(from @BitcoinFear)

New Projects

(note: this includes new projects we find through combing Twitter each day, and we also include or re-include every newly launched protocol added by @DefiLlama that has at least some TVL or is followed by at least some of our mutuals - hence disclaimer: these are not pre-vetted by us so make sure to DYOR!)

-Something new called @commonwarexyz. No Twitter bio. Followed by 13 of our mutuals. h/t @AresLabs_xyz and @_patrickogrady:

-Something new called @SundialMirage. Twitter bio states “We create mixed emotions onchain.” Followed by 7 of our mutuals.

-Something new called @predictdotfun. Twitter bio states “💵 𝚃𝚑𝚎 𝚢𝚒𝚎𝚕𝚍 𝚋𝚎𝚊𝚛𝚒𝚗𝚐 𝚙𝚛𝚎𝚍𝚒𝚌𝚝𝚒𝚘𝚗 𝚖𝚊𝚛𝚔𝚎𝚝 𝚋𝚞𝚒𝚕𝚝 𝚘𝚗 @blast”. Followed by 25 of our mutuals. h/t @AresLabs_xyz:

-Something new called @PatternFinance. Twitter bio states “Elevating the crypto experience for the next generation | Founded by DeFi natives. Built on @AbstractChain.” Followed by 7 of our mutuals. h/t @AresLabs_xyz:

Top Stablecoin Yields

(note: these are the top Stablecoin Yields, sourced from @DefiLlama ($1M+ TVL only, single-exposure, no-IL only) - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)

Security Alerts

-No security alerts today.

Important News And Analysis

(key news, twitter threads, articles, videos, etc from last 24 hours)

-Crypto prices have been surging, h/t @krugermacro:

-Good summary of the eventful week in markets from @qthomp:

-A new memecoin called $RTR that was potentially connected to or rumored to be connected to Eric Trump and Donald Trump Jr crashed yesterday, generating massive attention, h/t @DeFi_Hanzo:

-$SUI price is pumping this week, h/t @CryptoKoryo:

-Donald Trump made some very interesting statements about Jerome Powell and interest rate policy:

-@TeamKujira announces @THORChain integration, h/t @thewolfofdefi:

-Democrat party leaders apparently had an interesting meeting with crypto executives yesterday, h/t @AlexanderGrieve:

-Additional news c/o @blocmatesnews:

-Additional news from @0xSalazar:

-”World Dollar Liquidity” around 50 year low, h/t @PrestonPysh and @LukeGromen:

-Hyperlane airdrop coming up, h/t @MingoAirdrop:

-New @Blockworks_ interview with Brent Johnson @SantiagoAuFund - originator of the ‘Dollar Milkshake Theory’:

-New weekly roll-up video @BanklessHQ just uploaded:

-New interview with natural resources investor Rick Rule for our most hardcore macro fans:

-New video on everything airdrop-related from @KryptoCove:

-Parting wisdom from @MikeAbundoTech:

Conclusion

Have a good Friday and stay alert out there friends!

And please RT/subscribe/etc if you found this valuable!

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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.

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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