Happy Wednesday and happy FOMC day friends! Let’s see what Powell has in store for us :)
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 @CryptoBubbles24):
Gold: $1979.20
Oil (WTI): $68.09
US 10Y Treasury: 4.191%
Stocks (from:@News4Moves):
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
@muxprotocol keeps knocking out new highs in volume and revenue! They hit #5 in 24H volume across all perp platforms yesterday, at $625.8M… and hit #16 in 24H fee generation among all web3 entities, at $319.6k!
Once again, @muxprotocol is essentially ‘the 1inch of perps’, aggregating liquidity and flow via the top perps dex’s to ensure traders get the lowest fees possible… They were recently allocated 6M in ARB-incentives via the Arbitrum STIP campaign, and are using it to effectively slash opening/closing fees to zero for trades routed through GMX V1, GMX V2, Gains Network, and MUX itself!
Check out the tweet about the above metrics from @muxprotocol below! (with full embed of the DefiLlama screenshots from it!):
Biggest TVL Movers + Else
Chains are almost all red today. Only top 50 chains green on all three timelines (daily, weekly, monthly) are Osmosis (#17), Kujira (#28), Aptos (#32), Linea (#36), and Neutron (#39).
Protocols are also mostly green today. Protocols with at least $50M TVL up at least 100% on the weekly include DefiSaver, Seamless Protocol, Kamino, Thala, and Mantle Staked ETH.
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 Dex’s By 7 Day Volume (from @DefiLlama):
Here’s The Top 12 Chains By 7 Day Stablecoin Inflow % (from @DefiLlama):
Here’s The Top 12 Entities By 24 Hour Fee Generation (from @DefiLlama):
Bitcoin Fear/Greed Index:
(from @BitcoinFear)
Ethereum Fear And Greed Index
(from @EthereumFear):
Degen Alfa
(Exclusive data/information from our Official Sponsor @ChainEDGE_io - sign up today by clicking here!)
-24 Hour Smart Money Inflows/Outflows
-24 Hour On-Chain Summary From @OnChainWizard:
December 12, 2023 chainEDGE - Today's Summary Outflows led the way today, with big net selling in everyone's new favorite ponzi PEAS, along with MND, BLUR, DOG, MUBI and BTRFLY. Inflows were seen in BEAM, DOVA, OLAS, RBX, BSSB and ENQAI. PEAS was by far the most popular new launch we've seen in a very long time, with smart money buying a total of $332k at an average price of $0.106 (WOW). The other new launch with material smart interest was PGX (on avax) which received $77k of buys and has 51% retention. This project actually migrated to AVAX (so not exactly new), but is gaming focused. As of today (and including some new smart wallets entering the system), tokens with the highest smart $10k holders is now OLAS, GEC. $VAULT, BANANA, AGRS, BITCOIN, MND, AEGIS, DMIND and RSC. A little further down the list is project ENQAI, a newcomer in the 6+ $10k holder cohort. PEAS has generated CE smart money a quick $486k in realized PnL, led by 🚀 氷の王女.eth who generated $111k in realized PnL on the token.
New Protocols
(note: this includes new defi protocols we find through combing Twitter each day, and we also include every (newly launched) protocol added by @DefiLlama - hence disclaimer: these are not pre-vetted by us so make sure to DYOR!)
-Something new called @Keep_Finance. Twitter bio states “Keep Finance is an omnichain money market, where users can borrow a variety of supported assets across any mainstream chain.” h/t @thealphadigest:
-Something new called @0xSoulProtocol. Twitter bio states “A Layer X+1 Blockchain Infrastructure Solving Cross-Lending Dilemmas and Unifying Liquidity”. h/t @toffee248:
-Something new called @OrdiZK_. Twitter bio states “Anonymous BRC20 bridge & more”. h/t @toffee248:
-Previously-mentioned Injective liquid-staking protocol @Gryphon_fi has been added to @DefiLlama. Again, Twitter bio states “The essential engine for liquid staking, leverage, & lending on Injective”.
Security Alerts
-Security alert from @PeckShieldAlert:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama ($1M+ TVL, single-exposure, and no-IL only) and @stable_fish - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Important News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-CPI (inflation) came in at 3.1% as expected, h/t @charliebilello:
-Thoughts on path forward for inflation numbers in Q1 and Q2 from macro gigabrain @WarrenPies:
-@rainbowdotme wallet announced a new points program (and thus presumed airdrop), which interestingly specifically incentivizes existing MetaMask users to switch their wallets over to Rainbow, full announcement thread below:
-Security-related tweet from @samczsun is getting a lot of attention (recommending reading follow-up tweets from him and comments + quote-tweets for full breakdown):
-Cosmos ecosystem seems to finally be getting its day in the sun, h/t @NTmoney and @grimy_trades:
-Interesting story re: @DeGodsNFT, h/t @DegenerateNews:
-Some narrative + ticker thoughts from @crypto_condom:
-Interesting story re: Coinbase and its L2 @BuildOnBase, h/t @coindesk and @QwQiao:
-Seeing the term ‘parallel evm’ a lot on the timeline lately, h/t @gakonst:
-Good thread on Celestia/$TIA from @jake_pahor as part of his ongoing research series:
-Good macro thread from @jameslavish on this week’s US treasury auction:
-New ‘Farms Of The Week’ video from @TaikiMaeda2:
-Good interview of @0x_Kun from @Stoiiic, video watchable in below tweet:
-Parting wisdom from @santiagoroel:
Conclusion
Happy Wednesday good frogs! Stay alert out there!
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.