Happy Tuesday friends! Let’s get after it!
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: $2541.90
Oil (WTI): $68.76
US 10Y Treasury: 3.698%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Take note traders! @vertex_protocol is having an extremely cool new trading competition on @SeiNetwork!
The total prize pool includes $25k worth of SEI tokens and the competition lasts from Monday, September 9th at 12 PM EST to Saturday, September 14th at 12 PM EST!
There are additional details so check them out via the thread below and get started now at the following link: https://app.vertexprotocol.com/sei-trading-competition
And as always, 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. Biggest gainer on the weekly among top 50 chains is Core (#22) at +150%.
Protocols are mostly green today as well. Biggest gainer on the weekly among top 100 protocols is ETH Mainnet + Base lending protocol Morpho at +182%.
Here’s The Top 12 Fastest-Growing Chains By TVL On The Weekly With At Least $10M TVL (from @DefiLlama):
Here’s The Top 12 Fastest-Growing Protocols By TVL On The Weekly With At Least $10M 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 @beracer_org. Twitter bio states “A Proof-of-Play based Gaming Platform and Chain on @berachain . In Stealth Mode--soon to shift gears. Incubated by @honeypotfinance”. Followed by 22 of our mutuals. h/t @twindoges:
-Something new called @Fable_Platform. Twitter bio states “Decentralized media platform. Created to be the entertainment hub on Berachain. The hub will host games, stories and other forms of media. All powered by $LORE”. Followed by 14 of our mutuals. h/t @twindoges:
-New/newish ETH Mainnet basis trading protocol @superstatefunds has been added to @DefiLlama. Twitter bio states “Superstate is an asset management firm modernizing the infrastructure of investment funds”. Followed by 126 of our mutuals.
-New/newish dex on TON called @PixelSwap_io has been added to @DefiLlama. Twitter bio states “The First Modular & Upgradeable DEX on TON. Put DeFi into Everyone's Pocket with @LayerPixel_io.” Followed by 2 of our mutuals.
-Previously-mentioned Blast prediction market @predictdotfun has been added to @DefiLlama. Twitter bio states “💵 𝚃𝚑𝚎 𝚢𝚒𝚎𝚕𝚍-𝚋𝚎𝚊𝚛𝚒𝚗𝚐 𝚙𝚛𝚎𝚍𝚒𝚌𝚝𝚒𝚘𝚗 𝚖𝚊𝚛𝚔𝚎𝚝 𝚋𝚞𝚒𝚕𝚝 𝚘𝚗 𝙱𝚕𝚊𝚜𝚝.” Followed by 49 of our mutuals.
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)
-Inflation (CPI) anticipation/alfa via @qthomp:
-Recap of last ten days, h/t @thedefivillain:
-Ongoing debate about @friendtech, examples c/o @0xtuba and @hasufl:
-Cool new feature/announcement from popular EVM wallet @Rabby_io, h/t @leviathan_news:
-Kujira pivot generating attention, h/t @kantianum for long-form explanation (click to read in full):
-Bullish Base stats within ETH L2 landscape, h/t @TheDeFinvestor:
-Ongoing debates in macro land about Bitcoin ETF’s/adoption/etc:
-Ticker thoughts from @Crypt0_Andrew:
-Important reminder that when you zoom out, crypto adoption stats are still incredible bullish, h/t @sonyasunkim:
-@LukeGromen on the potential for for rising US deficits to translate into increased stablecoin demand + adoption:
-Additional headlines c/o @Cprinze_:
-New crypto/macro livestream from @noahseidman:
-Parting wisdom from @Grantblocmates:
Conclusion
Have a great Tuesday friends and stay alert 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.
