Happy Tuesday degens! Tons 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 @CryptoBubbles):
Gold: $2042.90
Oil (WTI): $72.15
US 10Y Treasury: 3.903%
Stocks (from:@News4Moves):
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Our friends at @KelpDAO are generating lots of attention!
They are an extremely cool new project that has built an LRT (liquid restaking token) solution- $rsETH- on EigenLayer!
KelpDAO lets you deposit $ETHx and $stETH on Kelp which is in turn deposited on Eigen… and deposits have been rolling in like crazy the last 24 hours since they went live!
Also.. depositing via @KelpDAO allows you to earn dual rewards: EigenLayer Restaked Points + Kelp Miles!
We’re helping spread the word on everything the team has been building… so make sure to follow them on Twitter and check out their site for more info… and check out the excellent thread from @0xSalazar below to learn more as well!
Biggest TVL Movers + Else
Chains are up massively today. Top 30 chains up at least 10% on the daily include Solana (#5), Cardano (#9), Osmosis (#15).
Protocols are very green today as well. Protocols with at least $100M TVL up at least 50% on the weekly include EigenLayer, Uniswap (although might be data error), and Manta 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 Entities By 24 Hour Revenue Generation (from @DefiLlama):
Here’s The Top 12 Dex’s By 24 Hour Volume (from @DefiLlama):
Top Trending Tokens (from @dexscreener, 6 hour timeframe):
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:
-Sample 24 Hour Summary From @OnChainWizard:
December 18, 2023 chainEDGE - Today's Summary Red day for onchain tokens. Smart money has been buying the MUBI dip in size ($170k of inflows), along with DOVA, OLAS and GRAIL. Outflows were led by BSSB and GEC, followed by mostly smaller outflows in HROK, BONE, DYDX, LBR. From a new launch perspective, BDID (BRC20 marketplace thing) and HEMULE (Vitalik's actual cat) saw the highest amount of smart $ interest, each getting $150k of smart buys over the last 24hr. GEC smart holdings are down ~20% from their recent highs, and the token is now #2 in terms of $10k+ smart holders after OLAS (at 23). Within the top 20 coins most popular with smart money holders, some notable new projects include TPAD and HRZN, each with 7+ $10k holders and $250k of holdings. Trader highlight of the day goes to 💎 Gem Spotter 0x36c...414 with a $250k gain on AGRS.
New Projects
(note: this includes new projects 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!)
-New/newish project called @OrdinalNovus. Twitter bio states “🟣 Community-First Ordinals Marketplace | 🟣 BRC-20 & CBRC-20…”
-New platform called @UnrugMemec0in. Twitter bio states “Open-to-anyone issuance mechanism with integrity. Pushing standards for unruggable tokens. Launching special ERC20s with auto-add liquidity & locked LP.” h/t @StunnaCrypto:
-New project called @ethosstake. Twitter bio states “Bringing ETH Security to Cosmos 🫡”. h/t @AresLabs_xyz:
-Something new called @TaoPadX. Twitter bio states “Expanding The Tao Ecosystem $TPAD holders receive $wTAO”. h/t @AresLabs_xyz:
-Something new called @Bitzy_App. Twitter bio states “A wonderful v2+v3 AMM with OTC Desk, built on EVM #Bitcoin L2 by @BotanixLabs.” h/t @AresLabs_xyz:
-Something new called @tap_protocol. Twitter bio states “Tap is an OrdFi enabling protocol for Bitcoin Ordinals created by @trac_btc”. h/t @AresLabs_xyz:
-Previously-mentioned Scroll perps project @SymmetryDEX has been added to @DefiLlama. Twitter bio states “Next-Gen Decentralized Derivatives Exchange built on @Scroll_ZKP Accessible. Transparent. Efficient.”
-Previously-mentioned Canto project @VivacityFinance has been added to @DefiLlama. Twitter bio states “The lending market for onchain, institutional-grade real world assets on @CantoPublic”.
-New project called @RenzoProtocol has been added to @DefiLlama. Twitter bio states “Never wait for @EigenLayer caps! Renzo is LIVE with native ETH Restaking!”
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama ($1M+ TVL, single-exposure, and no-IL only) and @stable_fish - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Important News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-Spot Bitcoin ETF applicant Bitwise released a new commercial yesterday that generated much attention:
-New video/announcement from @friendtech also catalyzed discussion, h/t @Tyler_Did_It:
-Genesis/DCG saga continues, h/t @CoinDesk:
-$COQ and other meme coins continue to generate headlines:
-Info for our conference-appreciatoors, c/o @JasonYanowitz:
-Airdrop thoughts from @0xjaypeg:
-@drakeondigital released a new video on everything Ordinals and BRC20’s, whole 41 minute video is embedded in below tweet:
-Investing thoughts from @WClementeIII:
-US national debt almost to $34T, h/t @charliebilello:
-Current market sentiments c/o @Slappjakke:
-On the macro front, a very interesting thread on uranium and uranium stocks from @PauloMacro:
-New overview of recent crypto news from @coinbureau:
-New ‘Farms Of The Week’ video from @TaikiMaeda2, with much of the focus on prospective airdrops:
-New crypto/macro livestream from @noahseidman:
-Parting wisdom from @cryptofishx:
Conclusion
Happy Tuesday lads and ladettes!
And please RT/subscribe/etc if you found this valuable! :)
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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.