The Daily Degen- December 11th, 2024
All of today's news/data/alerts...
Happy Wednesday friends!
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):
Total Crypto Market Cap: $3.65T
Gold: $2626.00
Oil (WTI): $69.25
US 10Y Treasury: 4.244%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
The gigabrains at @vertex_protocol keep shipping up a storm good anons!
Currently traders are taking advantage of 50+ perps and spot markets, users are earning 50%+ by lp’ing/lending, and VRTX stakers are earning even higher yields paid out in USDC!
In addition, Vertex Protocol’s cross-chain liquidity system @EdgeLayer has been allowing unlimited EVM deployments and liquidity-provision across the defi-verse, and new deployments to Botanix and Sonic are on the horizon!
Check out more interesting details on Vertex in the tweet from @lunatic317 below, get started trading + apr-maxxing now at app.vertexprotocol.com and make sure to follow them on Twitter for more updates!
Biggest TVL Movers + Else
Chains are mixed today. Top 50 chains up at least 10% on the weekly include Bitcoin (#5), and Hyperliquid (#8).
Protocols are mixed today as well. Top 50 protocols up at least 20% on the weekly include Babylon (#13), Hyperliquid (#18), Hashnote USYC (#47), and Usual Money (#48).
Here’s The Top 12 Fastest-Growing Chains By TVL On The Monthly With At Least $50M TVL (from @DefiLlama):
Here’s The Top 12 Fastest-Growing Protocols By TVL On The Monthly With At Least $50M 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 @goat_sdk. Twitter bio states “Go out and eat some grass 🏞️ The open-source framework for connecting AI agents to any onchain app.” Followed by 4 of our mutuals. h/t @AresLabs_xyz:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (all types, $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
-Circle (USDC) and Binance partnership announcement is generating much attention, h/t @jerallaire:
-Eric Trump made headlines by stating that he is confident $BTC will hit $1M:
-Lots of chatter about MicroStrategy potentially being added to the NASDAQ 100 this Friday (though this is not confirmed yet), h/t @PrestonPysh:
-Update on MagicEden airdrop, from @JDHyper:
-AI Agents update, h/t @Tyler_Did_It:
-Interesting story, also re: the AI theme, h/t @WuBlockchain:
-@pumpdotfun continuing to generate massive fees, h/t @0xngmi:
-@virtuals_io also thriving, h/t @JDHyper:
-Additional headlines from @blocmatesnews:
-Market thoughts from @Awawat_Trades:
-More TGE’s and airdrops coming up? h/t @ayyyeandy:
-New video from @0xMughal on the Movement launch/airdrop, the new Milady token, the new Pudgy Penguins token, upcoming Symmio TGE, Puffpaw, and more:
-New video from Delphi Digital of 2025 Predictions:
-New macro-focused @coinbureau video discussing the myriad problems facing Europe:
-New interview from Robert Breedlove @Breedlove22 with @LukeGromen on Bitcoin + macro:
-Parting wisdom c/o @KAIZ3NS via @QuotableCrypto:
Conclusion
Have a great Wednesday friends and stay hypervigilant out there!
And please RT/subscribe/etc if you found this valuable!
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Note
The reasons to use @TokenSight_Io keep adding up good degens!
Once again, TokenSight is a trading bot + dex currently serving users across 5 different blockchains!
Some of their key features include:
- Exquisite UX with advanced analytics, real-time charts, seamless execution, portfolio tracking, and bridging—all in one platform!
- Secure self-custodial wallets
- Trading on 5 ten different chains (Solana, Ethereum, Base, BSC, and Arbitrum) via Web UI and Telegram Bot
- Different types of trades: Buy/Sell, Limit Orders, Stop Loss Orders
- Comprehensive Portfolio Overview
- Referral program
- Fiat on-ramp
They also have some lucrative trading campaigns going on where you can earn $USDC as reward for your trading volume, earn points for 2025 $TKST airdrops, and automatically be entered into a weekly $USDC lottery if you trade more than 5k in volume!
We will be continuing to bang the drum about everything they are shipping, so stay tuned for additional info and make sure to follow them on Twitter for more updates!
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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.