The Daily Degen- September 16th, 2024

Happy Monday friends! Start of a big week!!!

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: $2612.60

Oil (WTI): $70.29

US 10Y Treasury: 3.649%

Biggest Price Movers

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

Spotlight

Very interesting new video posted this week by the @vertex_protocol account… very interesting indeed :)

Make sure to check it out below, and make sure to visit the Vertex site as well!

As always, Vertex offers over 50 different perps and spot markets, utilizing a state of the art cross-chain liquidity infrastructure via their Edge system @EdgeLayer! In addition, yield maximalists can also stake VRTX to benefit from both ‘RealYield’ paid in USDC and the official VRTX buyback & burn program!

Get started now at app.vertexprotocol.com and make sure to follow them on Twitter for more updates!

Biggest TVL Movers + Else

Chains are quite red today. Only top 25 chains green on the daily are Sui (#10), Hyperliquid (#12), and Core (#22).

Protocols are also very red today. Only top 50 protocols green on the daily are JustStables (#19), SUN (#33), Hyperliquid (#34), Tether Gold (#39), Ondo Finance (#41), Paxos Gold (#45), and Avalon Labs (#50).

Here’s The Top 12 Top-Performing Chains By TVL On The Weekly With At Least $100M TVL (from @DefiLlama):

Here’s The Top 12 Top-Performing Protocols By TVL On The Weekly With At Least $100M 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!)

-New project called @Memstagram_com. Twitter bio states “Get paid to meme. #SocialFi on Base. Vote in meme battles and earn rewards while having fun onchain.”. Followed by 3 of our mutuals.

-Something new called @Sol_Coke. Twitter bio states “Solana's first provably fair Tap-to-Farm game. Powered by GP101 — a new experimental token standard.” Followed by 3 of our mutuals. h/t @AresLabs_xyz:

-New project called @goemon_xyz. Twitter bio states “Maximize Defi Yield / Altcoin Options DEX on @monad_xyz”. Followed by 4 of our mutuals. h/t @AresLabs_xyz:

-New project called @vault_edge. Twitter bio states “Unlock the potential of your cashflow positions with zero-interest and self repaying loans. Coming soon to @LineaBuild”. Followed by 5 of our mutuals. h/t @AresLabs_xyz:

Top Stablecoin Yields

(note: these are the top Stablecoin Yields, sourced from @DefiLlama (all types, $1M+ TVL only) - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)

Security Alerts

-Security alerts from @leviathan_news:

Important News And Analysis

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

-All eyes on the Fed interest rate decision on Wednesday, h/t @LDNCryptoClub:

-Bullish TA from @Yodaskk:

-Bitcoin dominance now at 58%, h/t @intocryptoverse:

-ETH/BTC ratio looking bleak, h/t @DegenerateNews:

-Interesting prediction from above-referenced @intocryptoverse re: ETH/BTC bottoming:

-Fascinating stat that nearly 40% of US homeowners now have no mortgage, h/t @APompliano:

-Polymarket election bets continue soaring and its TVL is getting close to the total Polygon TVL (the chain Polymarket is on), h/t @NPC_68:

-Interesting thoughts from @burstingbagel:

-Update on deBridge airdrop from @MingoAirdrop:

-Notable stat c/o @ledgerstatus:

-Crypto currently represents around 0.2% of global capital markets, h/t excellent thread from @defi_naly:

-New video from @theempirepod on crypto x AI featuring @ZeMariaMacedo, @ceterispar1bus, @YanLiberman, and @FloodCapital:

-New macro video from ‘Dollar Milkshake Theory’ originator Brent Johnson @SantiagoAuFund:

-Parting wisdom from @Dynamo_Patrick:

Conclusion

Happy Monday friends! Stay alert out there this week!

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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