Happy Thursday good degens! Let’s dive in!
As always… 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 @CryptoBubbles):
Gold: $2564.70
Oil (WTI): $68.41
US 10Y Treasury: 3.672%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
As mentioned yesterday, our Official Sponsor @vertex_protocol has just announced the new VRTX Vertical Program!
As detailed in their article:
“Vertex has experienced significant growth in both trading volume and protocol revenue since its launch on Arbitrum in April 2023. As organic liquidity across multiple chains expands, Vertex is transitioning to a more sustainable incentive model for VRTX – designed to foster long-term alignment with token holders and ecosystem participants.
The VRTX Vertical Program introduces a new chapter in tokenomics, with Stage 1 focusing on reducing VRTX emissions and refining incentives to encourage organic liquidity growth across several categories.”
The rest of the details on the VRTX Vertical Program are contained in the article, so make sure to read it by clicking here now and check out the excellent long-form tweet on it from @DeFiVoyager_X below!
And, as always, make sure to visit the Vertex site now at app.vertexprotocol.com to access 50+ perps and spot markets and a wide variety of exquisite yield opportunities! And make sure to follow them on Twitter for more updates!
Biggest TVL Movers + Else
Chains are very green today. Biggest gainer on the weekly among top 50 chains is TON (#19) at +25.15%.
Protocols are also quite green today. Biggest gainer on the weekly among top 100 protocols is DeSyn Protocol (#84) at +38.92%.
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 @atlasxyz. Twitter bio states “Atlas is the blockchain for verifiable finance.” Followed by 38 of our mutuals. h/t @AresLabs_xyz:
-New project called @0xeqlzr. Twitter bio states “Perpetual Gas Prediction Market”. Followed by 5 of our mutuals. h/t @AresLabs_xyz:
-New project called @MyriadMarkets. Twitter bio states “Prediction Markets that empower your insights and turn foresight into value. Ready to stake your reputation?” Followed by 17 of our mutuals. h/t @AresLabs_xyz:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (single-exposure, no-IL, $1M+ TVL only) - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Security Alerts
-No security alerts today.
Important News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-Crypto funding rates still quite low, h/t @DaanCrypto:
-$FTM the top-performing L1 over the last seven days, h/t @CryptoKoryo:
-(Related) Andre out bull-posting again:
-Base and Arbitrum leading among L2’s in terms of active addresses:
-Bond market now leaning towards likelihood of 25 bps cut next week rather than 50 bps, h/t @WuBlockchain:
-Bank of Japan update, h/t @dunleavy89:
-Coinbase-wrapped $ETH, h/t @DegenerateNews:
-DeFi updates c/o @TheDeFinvestor:
-New all-time low in @truflation index:
-Important thoughts from @LDNCryptoClub:
-Reminder of @cz_binance’s impending September prison release, h/t @defi_octopus:
-New NFA Live:
-New Solana deep dive with @smyyguy from @lightspeedpodqh:
-Parting wisdom from @defi_gaz:
Conclusion
Have a good Thursday 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.
