The Daily Degen- December 14th, 2023

All of today's news/data/alerts...

Dec 14, 2023

Happy Thursday friends! Seems we have some renewed bullishness going on :)

Let’s dive in!

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: $2037.10

Oil (WTI): $70.61

US 10Y Treasury: 3.939%

Stocks (from:@News4Moves):

Biggest Price Movers

(From @coingecko top 1000, by 24 hour change)

Spotlight

Our monthly sponsor for December is the gigabrain team over at @ChainEDGE_io!

ChainEDGE is the creation of @OnChainWizard… well-respected defi expert, active trader, and long-term friend of The Daily Degen!

ChainEDGE is the premier on-chain analytics service for active tradoors… offering a live real-time smart money Alpha Stream, smart-money daily inflow/outflow tracking, daily summary from @OnChainWizard himself, real-time New Launch Digest, and tons of additional features!

Make sure to sign up now to start taking advantage of it!

Biggest TVL Movers + Else

Chains are very green today. Top 50 chains up at least 30% on the weekly include Solana (#5), Cardano (#9), Osmosis (#16), Kujira (#26), Linea (#35), and Stacks (#40).

Protocols are very green today as well. Protocols with at least $5M TVL up at least 200% on the weekly include multichain services protocol DefiSaver, Base lending protocol Seamless Protocol, and multichain options protocol Deri.

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 Entities By 24 Hour Revenue Generation (from @DefiLlama):

Here’s The Top 12 NFT Marketplaces By 7 Day Volume:

Bitcoin Fear/Greed Index:

(from @BitcoinFear)

Ethereum Fear And Greed Index

(from @EthereumFear):

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 @GrixFinance. Twitter bio states “DeFi options aggregator...” h/t @twindoges:

-Something new on Starknet called @stargazefi. Twitter bio states “Stargaze finance offers yield aggregation, advanced strategies and a decentralized, non-custodial yield-bearing assets backed stablecoin on @starknet.” h/t @twindoges:

-New privacy project called @SpinFinance. Twitter bio states “The new standard for on-chain privacy solutions, built on Ethereum.” h/t @twindoges:

-New dex on Mode chain called @kizunaexchange has been added to @DefiLlama. Twitter bio states “Kizuna is an ecosystem-focused, community-driven DEX”.

-Previously-mentioned project @VaultTechHub has been added to @DefiLlama (listed as ‘Services’ protocol on ETH Mainnet). Twitter bio states “Vault offers AI Escrow, seamless OTC trades and NLP-driven multi-chain Privacy Swap. Reap benefits as a token holder. 0x7f9b09f4717072cf4dc18b95d1b09e2b30c76790”.

Top Stablecoin Yields

(note: these are the top Stablecoin Yields, sourced from @DefiLlama ($10M+ 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)

-The Fed left interest rates unchanged yesterday:

-However Powell’s statements and the dot plot were regarded as very dovish, ushering in what ‘Fed Whisperer’ @NickTimiraos has dubbed “the Powell pivot”:

-Alt L1 tokens continue to outperform, h/t @ThorHartvigsen:

-Ordinals/BRC20 narrative continuing to generate lots of attention, h/t example from @defisquared below:

-Vitalik published a new article, see below along with tweet summarizing from @WuBlockchain:

-Bullish sentiments from @MikeIppolito_:

-FASB accounting changes for Bitcoin generating much attention, h/t @davidmarcus and @saylor:

-Interesting story re: Yearn Finance accidentally losing $1.4M from its treasury (note: initial reports on Twitter suggested Yearn had lost 63% of its overall treasury but that was not accurate apparently), h/t @TheBlock_:

-@OlimpioCrypto thoughts on the Rainbow wallet airdrop:

-Extremely good written interview with @redphonecrypto from @0xCoc_Podcast (click embedded tweet to reach link to article):

-New interview with Ansem @blknoiz06 from @TaikiMaeda2:

-New video from Joseph Wang @FedGuy12 on the Powell statements/FOMC announcement yesterday:

-The full video of Jerome Powell’s speech/comments/etc yesterday:

-Thoughts + overview re: future Solana airdrops from @ThorHartvigsen:

-Trading/investing thoughts c/o @thedefiedge:

-Parting wisdom from @DefiIgagnas via @QuotableCrypto:

Conclusion

Happy Thursday friends let’s get after it!

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.