The Daily Degen- December 15th, 2024

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

Dec 15, 2024

Happy Sunday good degens! 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: $3.83T

Gold: $2648.95

Oil (WTI): $71.29

US 10Y Treasury: 4.395%

Biggest Price Movers

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

Spotlight

Once again friends, the Fantom comeback arc is here, as the rebrand to Sonic is rolled out… and @vertex_protocol is at the heart of it!

Vertex is the best place to benefit from the Sonic launch, as they will be deploying to Sonic via their gigabrain cross-chain liquidity system @EdgeLayer!

Users will be able to take advantage of all the myriad use cases of Vertex, in the rebuilt ghostly adventure-scape of our fondly remembered 2021 Fantom environs, now re-launched as Sonic, with mighty rewards resulting :)

As always, make sure to follow Vertex on Twitter for more updates, and get started trading 50+ perps and spot markets and earning robust APR’s by lending/staking/etc on Vertex now by clicking here!!!

Biggest TVL Movers + Else

Chains are quite green today. Only top 25 chains red on the monthly are Blast (#17), Mantle (#20), and Linea (#21).

Protocols are quite green today as well. Only top 50 protocols red on the monthly are Maker (#8), and Rocket Pool (#17).

Here’s The Top 12 Fastest-Growing Chains By TVL On The Weekly With At Least $1M TVL (from @DefiLlama):

Here’s The Top 12 Fastest-Growing Protocols By TVL On The Weekly With At Least $1M 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 @ACTICOMMUNITY. Twitter bio states “Act I : Exploring emergent behavior from multi-AI, multi-human interaction. Official X Community Account. Join Us! 👁💎” Followed by 44 of our mutuals.

-New project called @_OdysseyAI. Twitter bio states “Bringing IP to life, on-chain. Sign up for early access.” Followed by 17 of our mutuals. h/t @AresLabs_xyz:

-New project called @spraypray_io. Twitter bio states “Cooking...” Followed by 2 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 alerts today.

Important News And Analysis

-TA check-in from @DaanCrypto:

-Saylor analysis from @LuckyXBT_:

-Macro schedule for the week ahead, h/t @KobeissiLetter:

-Crypto watchlist from @TheDeFinvestor:

-Continued excitement over MicroStrategy’s addition to the Nasdaq and the passive inflows into it that will be resulting, h/t @qthomp:

-Interesting data point from @thedefivillain:

-Excellent thread explaining @_kaitoai’s new ‘Yaps’ program that is generating lots of excitement, from @naruto11eth:

-Fascinating macro stat that China has gone from 1% to 39% of world auto production in last 20 years, h/t @zerohedge:

-Interesting exchange between @cryptoian and @ZeMariaMacedo on whether those with <$1M portfolios should focus on seed deals or not:

-Very long + interesting thread of crypto marketing predictions, from @AlexOnChain:

-Cycle thoughts from @BobLoukas:

-New @DeFi_Dad video on AI Agents and Virtuals with Virtuals co-founder @everythingempt0:

-New interview with @MustStopMurad from the @coinbureau channel:

-Update on everything in the Cosmos ecosystem from @Cryptocito:

-Weekly macro overview from Joseph Wang @FedGuy12:

-Parting wisdom from @FearsomeLamb789 via @QuotableCrypto:

Conclusion

Happy Sunday friends! Stay alert out there!

And please RT/subscribe/etc if you found this valuable!

Note

The team at @silentdao_ is continuing to develop their revolutionary new on-chain privacy architecture… which is essentially meant to be a middleware privacy/encryption layer:

“Silent Protocol is building the ghost layer, a modular layer 1.5 providing compliant privacy built on the EZEE framework to become that structured playground for institutions and retail users that can provide compliant, secure and privacy preserving access to ethereum native and cross chain liquidity along with enabling access to applications.”

Our editor @rektdiomedes is helping bang the drum about everything @silentdao_ is working on, so make sure to follow them on Twitter for more updates and check out the great thread on them from @kenodnb below!

***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.