The Daily Degen- December 1st, 2024
All of today's news/data/alerts...
Happy Sunday and Happy December friends! Only one month left in 2024!!!
Let’s dive in!
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: $3.56T
Gold: $2673.90
Oil (WTI): $68.00
US 10Y Treasury: 4.178%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
The gigabrains at @vertex_protocol keep shipping up a storm good anons!
Currently traders are taking advantage of 50+ perps and spot markets, users are earning 50%+ by lp’ing/lending, and VRTX stakers are earning even higher yields paid out in USDC!
If you would like to get more info on Vertex check out the below video from last month! It is with Vertex co-founder @DariusTabai, and is conducted by @exliquidity co-hosts @cedosalah and @cryptoaioli, and goes into all sorts of info regarding Darius’s background, Vertex lore + alfa, and a ton of discussion regarding the overall defi/perps/crypto landscape!
And make sure to visit the Vertex site at app.vertexprotocol.com to get started, and follow them on Twitter for more updates!
Biggest TVL Movers + Else
Chains are somewhat green today. Only top 30 chains red on the monthly are Polygon (#12), Scroll (#24), and TON (#26).
Protocols are also mostly green today. Only top 60 protocols red on the monthly are Rocket Pool (#14), and Tether Gold (#52).
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 Token-Holders’ Revenue (from @DefiLlama):
Here’s The Top 12 Chains By 7 Day Stablecoin Inflow % (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!)
-New project called @gudtech_ai. Twitter bio states “the next AI thing you can’t escape from”. Followed by 11 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
-Macro schedule for the week ahead, h/t @KobeissiLetter:
-Extremely bullish chart (if one presume alts have bottomed relative to BTC), h/t @CryptoKoryo:
-Sentiment check from @0xCygaar:
-Even Curve is pumping, h/t @boz_menzalji:
-Some new AI Agent projects, h/t @CryptoStreamHub:
-Upcoming catalysts c/o @TailoredWeb3:
-A lot of bullish chatter re: $AAVE on the TL, h/t @crypto_condom:
-Interesting $ETH-tech update, h/t @sassal0x:
-Gold been stalling out in $2600-$2800 range, h/t @zerohedge:
-Continued macro focus on Europe, h/t @daveg:
-New weekly rollup from @theempirepod featuring @santiagoroel and @JasonYanowitz going over all the top crypto stories of the week:
-New video from @drakeondigital on 12 mistakes to avoid in crypto as the bull market heats up:
-Parting wisdom from @DigitsCapital:
-More parting wisdom, c/o @zerototom via @QuotableCrypto:
Conclusion
Have a great Sunday friends and let’s end 2024 with a bang this month!
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.