Happy Friday degens! Lots of stuff 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: $2041.90
Oil (WTI): $72.20
US 10Y Treasury: 3.905%
Stocks (from:@News4Moves):
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Our friends at @HMXorg just launched the trailblazing new Adaptive Trading Fees (ATF) feature!
ATF in a nutshell? A dynamic calculation of fees will make price manipulation extremely expensive and unprofitable. The ATF is a dynamic fee structure designed to deter price manipulation and safeguard liquidity. This paves the way for HMX to introduce an array of tradable pairs, especially those long-tailed assets.
Leading the charge in the new asset lineup are:
🟢 $TIA
🟢 $ORDI
🟢 $JTO
🟢 $STX
🟢 $AVAX
🟢 $INJ
🟢 $DOT
🟢 $SEI
🟢 $ATOM
They are also offering a “Christmas Special” on trading fees: expect half off on $BTC and $ETH at 0.02%, and other commodities, forex, and cryptos at just 0.03%, valid until January 31st!
We’ve been helping build awareness about everything the HMX team has been shipping, so make sure to check them out and click here to start trading on their dApp now!
Biggest TVL Movers + Else
Chains are mostly green today, with four top 10 chains up over 20% on the weekly (Solana, Avalanche, Cardano, and Base).
Protocols are mixed today. Top 50 protocols up at least 20% on the weekly include Benqi (#25), DefiSaver (#31), Mantle Staked ETH (#43), and marginfi (#45).
Here’s The Top 12 Fastest-Growing Chains By TVL On The Weekly (from @DefiLlama):
Here’s The Top 12 Fastest-Growing Protocols By TVL On The Weekly (from @DefiLlama - note: this one includes a minimum TVL filter, so only includes protocols with at least $1M TVL):
Here’s The Top 12 Entities By 24 Hour Revenue Generation (from @DefiLlama):
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 @bitsmiley_labs. Twitter bio states “Harvest your stablecoin on BTC securely, while navigating your assets with a smile :) Join bitSmiley Community…” h/t @AresLabs_xyz and @ABCDELabs:
-Something called @nodekitorg. Twitter bio states “Building the Next Generation of Rollups”. h/t @AresLabs_xyz:
-New dex on Mantle called @butterexchange. Twitter bio states “A new exchange standard. Giving traders what they want.”
-New dex on Arbitrum called @SpinaqDex has been added to @DefiLlama. Twitter bio states “Spinaq has arrived at Arbitrum ⛵︎ Farm spinach and grow strong. 🍃🍃 $SPINAQ”.
-New derivatives protocol called @borb_fi on BSC has been added to @DefiLlama. Twitter bio states “Commission-free Contract Trading dApp”.
Security Alerts
-There was a security situation that came out a few minutes after we published yesterday’s issue, good synopsis below from @DefiantNews:
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)
-SEC Chair Gary Gensler’s comments about Spot Bitcoin ETF’s generated much discussion yesterday:
-Ticker/narrative alfa from @TheDefInvestor:
-Meme coin season appears to be in full swing, h/t @0xjaypeg:
-Story of a trader who apparently turned 16k into $10M+ via a levered long on $BONK is getting a lot of attention:
-Various stock indices continue to soar higher, h/t @bespokeinves:
-Interesting data on L1 token performance since bottom c/o @JackNiewold:
-DePIN narrative gaining increasing attention, h/t @Dynamo_Patrick and @crypto_condom:
-Interesting thoughts from @TusharJain, c/o @SimkinStepan:
-Good thread of current crypto + macro market thoughts from @qthomp:
-Good thread on the growing BRC20 narrative + ecosystem from @corleonescrypto:
-Important thoughts/reminder from @satsdart:
-Wholesome sentiments c/o @0x_Leo_:
-Excellent roundtable discussion from @0xResearch on all the top stories/questions in defi right now:
-New episode of NFA Live featuring Rob from Digital Asset News, Benjamin Cowen @intocryptoverse, and @coinbureau:
-Parting wisdom c/o @Pentosh1:
Conclusion
Have a great Friday good frogs!
And please RT/subscribe/etc if you found this valuable! :)
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Note
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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.