Happy Saturday fellow degens! Calm before next week’s storm by the look of things :)
Stats/alerts/etc at top and tweets/news/links/videos/etc at bottom as always!
Market Update
Crypto:
Gold: $1,797.90
Oil (WTI): $71.02
Stocks:
Biggest Price Movers
(From @coingecko top 1000)
Spotlight
Our official sponsor for the month of December is @NestedFi- a new Social Trading protocol- which lets users create portfolios (and copy-trade other portfolios) on all the main EVM chains.
@NestedFi will be doing an airdrop for early users, so consider trying it out and creating a portfolio yourself and copying some other portfolios you like!
You can also use it for easy dca’ing as well as non-kyc fiat onboarding via their integration with Mt Pelerin.
Here’s an example portfolio from @alpha_pls:
Biggest TVL Movers
Chains are mostly green today. Arbitrum has surpassed Polygon to move into the #4 spot by TVL, at $1.07B. Both it and Fantom (#8) are green on all three timelines (daily, weekly, monthly). There are no top ten chains red on all three timelines.
Protocols are significantly redder than the top chains today for whatever reason. Some notables include Pancakeswap (#8) at +14.38% on the weekly, Mento (#47) at +109% on the weekly, Gearbox (#55) at +21.49% on the weekly, and a new one we haven’t noticed before called DxSale (a multi-chain launchpad apparently) at #63 and +31.81% on the weekly.
Here’s The Top 12 Chains By TVL (from @DefiLlama):
Here’s The Top 12 Protocols By TVL (from @DefiLlama):
Other Data Points
Bitcoin Fear And Greed Index
(from @BitcoinFear):
Ethereum Fear And Greed Index
(from @EthereumFear):
Crypto Volatility Index
(note: this is a cool new data measurement we are going to start including, make sure to follow them at @CVIdaily, and their main account at @official_CVI!)
New Protocols
(note: this includes new protocols we find through combing Twitter each day, and we also include every (newly launched) protocol added by @defillama and @debank (excluding Tomb forks/reflection tokens/etc) - hence disclaimer: these are not pre-vetted by us so make sure to DYOR!)
-New protocol on BitTorrent chain called @InfiniTorrBTT has been added to @DefiLlama. Twitter bio states “Next Generation Staking & DEX powered by BitTorrent Chain.”
-New BSC protocol called @Dexo_Official. Twitter bio states “World's 1st C-DEX Exchange that Works Like A CEX But Without Holding User's Assets- No Registration, No KYC, Truly Decentralized.” h/t @ApeOClock:
Security Alerts
@PeckShieldAlert released the following alert:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (minimum $5M+ TVL, no-IL, and single-exposure filters) and @stable_fish - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Other News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-Big story of the day revolved around FTX and The Block’s CEO Michael McCaffrey:
-PPI numbers:
-There has been lots of speculation about Binance on CT the last couple days:
-Bitcoin miners update:
-Good tweet from @ASvanevik:
-New article from @cryptohayes (may be especially interesting for $GMX fans):
-Good thread from @RealDegenGMX:
-Interesting thread with lots of good charts from @themlpx:
-Excellent Arbitrum protocol summaries for December from @RiddlerDeFi:
-@DeFiMinty with an excellent thread of high-quality Twitter accounts to follow:
-Video about Rage Trade from @phtevenstrong as well as tweet about it from @DoveyWan:
-@Blockbytescom released an excellent livestream featuring @crypto_klay, @nickdrakon, @austin_bbytes, and the rest of the crew:
-@Blockworks_ released an interview with renowned macro expert Felix Zulauf (note: this is a different interview with him than the one we mentioned yesterday but both are very much worth watching):
Conclusion
Have a great Saturday friends and don’t forget to touch some grass this weekend!
And please RT/follow/etc if you found this helpful! :)
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Note
If you trade using GMX we’d be honored if you use our referral link to help support The Daily Degen! It will also provide you 10% off your trading fees :)