The Daily Degen- December 10th, 2024
All of today's news/data/alerts...
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):
Total Crypto Market Cap: $3.63T
Gold: $2631.93
Oil (WTI): $68.31
US 10Y Treasury: 4.226%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Take note good degens! The @OcelexFi public sale is now live at app.ocelex.fi/ido!
It is a 60 hours Dutch auction and ends tomorrow Dec 11th at 22 UTC (5 PM EST)!
“How does a Dutch Auction work?
A Dutch auction starts at a high price and gradually decreases until all tokens are sold. This helps find the true market value and lets buyers choose their ideal entry price.
Tip: Balance between waiting for lower prices and securing tokens before they sell out…”
As background- Ocelex is a franchise expansion of @LynexFi on Zircuit!
Lynex is a ve(3,3) dex and one of the largest protocols on Linea, and we’ve been helping spread the word about everything they are doing, including this new Zircuit expansion!
Learn more in the tweet below and access the public sale at app.ocelex.fi/ido!
Biggest TVL Movers + Else
Chains are mostly red again today. Fastest-growing top 10 chain on the weekly is Sui (#9) at +12.44%.
Protocols are also mostly red today. Fastest-growing top 10 protocol on the weekly is Ethena (#9) at +15.91%.
Here’s The Top 12 Fastest-Growing Chains By TVL On The Weekly With At Least $100M TVL (from @DefiLlama):
Here’s The Top 12 Fastest-Growing Protocols By TVL On The Weekly With At Least $100M TVL (from @DefiLlama):
Here’s The Top 12 Entities By 24 Hour Token-Holders’ Revenue (from @DefiLlama):
Bitcoin Fear/Greed Index:
(from @BitcoinFear)
Chart Of The Day
(Courtesy of our Official Sponsor @vertex_protocol)
-$JUP is in a dip like everything else after the liquidation cascade we witnessed, but the Jupiter team has made news with an upcoming airdrop in January! Do you think its a good candidate to long as we come out of this dip?!? Go long or short via spot or leverage now with Vertex and access 50+ other markets as well at app.vertexprotocol.com!
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 @SurfOnSwell. Twitter bio states “SURF is the first telegram trading bot and community project to launch on Swellchain. Time to surf the swell of success.” Followed by 2 of our mutuals. h/t @AresLabs_xyz:
-Something new called @meritt_app. Twitter bio states “the human-only social network powered by @worldcoin”. Followed by 4 of our mutuals. h/t @AresLabs_xyz:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (single-exposure, no-IL, $1M+ TVL only) - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Security Alerts
-No security alert today.
Important News And Analysis
-Liquidation cascades continued into the last 24 hours, h/t @NPC_68:
-@fejau_inc on the above:
-MagicEden airdrop is live, though there seems to be a lot of confusion about the process of claiming it, so make sure to be hypervigilant and avoid scams and etc:
-AI Agent sector update from @Tyler_Did_It:
-Interesting stat from @DefiIgnas:
-Stablecoin market cap hits all-time high, h/t @NPC_68:
-Additional headline curation from @cryptoIntegrat:
-Interesting thoughts for new web3 devs, from @dabit3:
-Bullish Coinbase/$COIN sentiments from @AlanaDLevin:
-Macro take from @TaviCosta (part of a longer thread) basically stating that Trump + Bessent will likely be weakening the dollar (which would be bullish for crypto):
-Much focus on China’s easing monetary policy as well, h/t @CryptoKaduna:
-New @Blockworks_ video on the Michael Saylor and MicroStrategy flywheel and some of the more esoteric components of it:
-New @BanklessHQ interview with Matt Hougan and Ryan Rasmussen from Bitwise:
-New crypto/macro livestream from @noahseidman:
-Parting sentiments from @thedefiedge:
Conclusion
Happy Tuesday and stay alert out there friends!
And please RT/subscribe/etc if you found this valuable!
-
-
-
-
***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.