Happy Monday good degens! Big week ahead of us!
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 @CryptoBubbles):
Gold: $2432.90
Oil (WTI): $76.63
US 10Y Treasury: 4.154%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Another cool update from our Official Sponsor @vertex_protocol friends! They have released a new Leaderboard feature that allows you to view the top traders across the Vertex ecosystem!
View trader rankings across timeframes of 1 day, 30 days, 90 days and all time, ranked by realized PnL. The leaderboard can also be sorted by:
• Realized PnL
• Volume
• Unrealized PnL
And as always make sure to check out Vertex for all your trading needs!!! They currently offer 40+ perps and spot-markets, seamless crosschain trading, a new fiat on/off ramping integration with @transak, a robust referral program, and exquisite yields for LP’s and VRTX-stakers - who benefit from both ‘RealYield’ paid in USDC as well as the VRTX buyback & burn program!
Visit their site now at app.vertexprotocol.com! And make sure to follow them on Twitter for more updates!
Biggest TVL Movers + Else
Chains are quite green today. Biggest gainers on the weekly with at least $50M TVL are BounceBit, Manta, and CORE.
Protocols are also quite green today. Biggest gainers on the weekly with at least $50M TVL are Pell Network, Polymarket, and Cygnus Finance.
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 Revenue 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 @Mizzle_io. Twitter bio states “A #DePIN platform building #AI driven DevOps with advanced encryption for secure and scalable decentralized applications ⚡” Followed by 3 of our mutuals. h/t @brave_raf:
-New project called @yieldfan. Twitter bio states “Earn leveraged returns on your favorite yield-bearing tokens. Powered by @mangomarkets". Followed by 1 of our mutuals. h/t @brave_raf:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama ($1M+ TVL, 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
-@compoundfinance suffered a notable governance attack, excellent breakdown on it from @StableScarab below:
Important News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-Start of another big week, with Fed rate hike decision dominant event on the schedule, h/t @fejau_inc:
-General consensus seems to be no rate cut at this week’s meeting but likely one in September, h/t @zerohedge:
-Narrative recap from @thedefivillain:
-Lot of excitement about Solana on the TL the last few days, example c/o @wronguser000:
-Related focus on a number of Solana protocols, example Jito below h/t @SolanaFloor:
-CORE also generating lots of attention as of late, h/t @ViktorDefi:
-US Debt:GDP ratio has actually gone up 15% in the last 4 years at the same time Americans have lost 25% of their purchasing power due to inflation/debasement, h/t @LukeGromen and @truflation:
-Daily memecoin sagas continue, h/t @LouisCooper_:
-Additional memecoin thoughts from @0xSisyphus:
-Excellent thread on ETH ETF flows thus far, from @tradetheflow_, sample below:
-Very valuable observation via @kapursanat and @zxocw:
-Weekly macro update from Joseph Wang @FedGuy12:
-New educational trading video focused on Bitcoin dominance c/o @DaanCrypto:
-New video from @0xMughal on $DINERO, which has been getting a lot of attention on the TL lately:
-Parting wisdom from @0xDeFiDevin:
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
The team at @silentdao_ is diligently working on some extremely important privacy tech, building what is essentially meant to be a middleware privacy/encryption layer designed to facilitate composable privacy solutions within the EVM itself... so that you can utilize all the same mechanisms and protocols on-chain you normally would, but with built-in privacy protection while you do so!
Our editor @rektdiomedes has been helping raise awareness about what the @silentdao_ team have been building, and their launch is coming soon, and follow them on Twitter for more updates!
And make sure to check out their latest article below!
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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.
