The Daily Degen- August 23rd, 2024

Happy Friday 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: $2535.40

Oil (WTI): $74.16

US 10Y Treasury: 3.831%

Biggest Price Movers

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

Spotlight

Take note friends, the previously-mentioned @vertex_protocol liquidity vault is now live via @skate_fi on @0xMantle!

As stated in the thread from @skate_fi below:

“The vault not only powers Vertex's order book liquidity, but also brings institutional-grade delta neutral strategies to retail users…”

Learn more below, and as always- Vertex is our Official Sponsor- so make sure to check them out for all your on-chain needs! Vertex currently offers over 50 different perps and spot markets with an experience just as smooth as any centralized exchange, utilizing a state of the art cross-chain liquidity infrastructure via their Edge system @EdgeLayer! In addition, if you like juicy yields, you can also stake VRTX to benefit from both ‘RealYield’ paid in USDC and the official VRTX buyback & burn program!

Visit the Vertex site now at app.vertexprotocol.com, and make sure to follow them on Twitter for more updates!

Biggest TVL Movers + Else

Chains are mostly green today. Top 30 chains green on all three timelines (daily, weekly, monthly) include Polygon (#8), Sui (#13), Aptos (#20), Core (#23), and BSquared (#30).

Protocols are mostly green today as well. Top 60 protocols green on all three timelines (daily, weekly, monthly) include Symbiotic (#20), SUN (#35), Mellow Protocol (#37), and Avalon Finance (#56).

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):

Here’s The Top 12 Dex’s By 7 Day Volume (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 @legiondotcc. No Twitter bio. Followed by 34 of our mutuals. h/t @redphonecrypto:

-Something new called @sprinter_ux. Twitter bio states “Chain abstraction from the team that brought you @buildwithsygma”. Followed by 3 of our mutuals. h/t @AresLabs_xyz:

Top Stablecoin Yields

(note: these are the top Stablecoin Yields, sourced from @DefiLlama ($10M+ 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

-No security alerts today.

Important News And Analysis

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

-Jerome Powell will speak at Jackson Hole today, h/t @zerohedge:

-Thoughts on Powell/Fed/Jackson Hole from @NickTimiraos:

-Magic Eden NFT marketplace announced they will eventually have a token (and presumed airdrop) and this announcement was met with much excitement, h/t @Tyler_Did_It:

-Important reminder from @NPC_68 that today is the last day to link your Solana wallet for the @getgrass_io airdrop:

-Following story re: $USDD generating lots of attention:

-CZ apparently getting out of prison soon, h/t @WuBlockchain:

-Headlines/alfa from @TheDeFinvestor:

-Latest real-time inflation data from @truflation:

-Only 10% of alts have outperformed Bitcoin in the last 90 days, from fascinating chart from @NPC_68:

-Interesting stats re: crypto X social media, h/t @coingecko:

-Potential Solana airdrops, h/t @FabianoSolana:

-Sentiment check c/o @alpha_pls:

-New weekly roll-up video from @BanklessHQ going over several of the top dozen stories in crypto:

-New roundtable discussion from @Unchained_pod:

-New interview with @0xDyad founder @joeyroth from @FlywheelDeFi:

-New episode of NFA Live:

-Parting wisdom from @LouisCooper_:

Conclusion

Happy Friday dear readers! Stay hypervigilant out there!

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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