The Daily Degen- December 21st, 2023

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

Dec 21, 2023

Happy Thursday friends! Let’s get after it!!!

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: $2046.90

Oil (WTI): $74.27

US 10Y Treasury: 3.88%

Stocks ($SPY as proxy): -1.39%

Biggest Price Movers

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

Spotlight

More boolish stats from the great team at @muxprotocol!

Some important data points wise degens should take note of:

-$4.2B in volume over the last month…

-$3m generated in fees…

-Over 50% of $MCB is currently locked…

-Average lock time is currently 707 days…

-And 41.6% of total locked MCB are locked for 4 years!

Once again… @muxprotocol is essentially ‘the 1inch of perps’, aggregating liquidity and flow via the top perps dex’s to ensure traders get the lowest fees possible… They were recently allocated 6M in ARB-incentives via the Arbitrum STIP campaign, and are using it to effectively slash opening/closing fees to zero for trades routed through GMX V1, GMX V2, Gains Network, and MUX itself!

If you are an active trader wanting to take advantage of the above fee rebates- or a liquidity provider looking to learn yield- then make sure to visit the Mux dApp now to get started!

Biggest TVL Movers + Else

Chains are mostly green today. Top 50 chains up at least 15% on the weekly include Solana (#5), Sui (#17), Waves (#31), and Manta (#41).

Protocols are mostly green today as well. Protocols with at least $100M TVL up at least 100% on the weekly include ETH Mainnet yield protocol StakeStone, multi chain yield aggregator Yearn Finance, and Eigenlayer.

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 has 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):

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 20, 2023 chainEDGE - Today's Summary Relatively quiet day in ETH land, with SOL memes and other chains absorbing all market attention. Top smart inflows for evm chains over the last 24hr: DIMO, 1CAT, TOPIA and DOVA. Notable net buying in newer tokens was seen in 1CAT, DOVA, NAAI, SOC, SOLAR, WOLF and CHAT, each getting $10k+ of net smart buys. In terms of outflows, KIMBO, MUBI, ZOOA and HEMULE were the most noable, especially KIMNO with $195k of net outflows (a big winner for CE wallets). From a new launch perspective, 1CAT received the most attention with $429k of smart buys. Other new launches with smart interest include UMI, ORDIEX, RPGAI and CHAT. Other non eth launches with smart interest were BORK and PUSSONU on Avax. From a portfolio perspective, OLAS and MUBI are now the top held tokens with smart money, followed by GEC, MND, BANANA, BSSB and $VAULT. Other notable holdings are PALAI with 5 $10k+ holders and NOLA with 3 $10k+ holders or $150k total. Trader highlight of the day is 🚀 New Launch Pro 0x00d...a6b with a $88k gain on KIMBO (avax)

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 BRC20 launchpad called @KOI_BRC20. Twitter bio states “The first BRC-20 launchpad. LIVE NOW... APE $KOI now at @FjordFoundry 👇” h/t @2lambro:

-Something new on Arbitrum called @arbisdown. Twitter bio states “Yield farming is back on Arbitrum… Do it for the glory $DOWN…”

-New dex on Scroll called @0xMeowProtocol. Twitter bio states “Decentralized Lending Protocol Built A Permissionless Financial Autonomous World…” h/t @2lambro:

-New perps aggregator on Scroll called @QuillMarkets. Twitter bio states “Scrolls Native Perpetuals Aggregator Trade any market with deep liquidity Live soon on scroll...” h/t @2lambro:

-New ETH Mainnet + Arbitrum lending protocol called @yldrcom has been added to @DefiLlama. Twitter bio states “Leverage your Uniswap V3 position or get a loan for it. Lending protocol built for liquidity providers by liquidity providers.”

-@bssbstable has been added to @DefiLlama, listed as ETH Mainnet + BSC CDP protocol. Twitter bio states “BitStable enables the generation of stablecoin DAII against the bitcoin ecosystem collateral assets”.

Security Alerts

-Update: Our friends at @KelpDAO have regained control of their Twitter account after it was hacked yesterday:

Top Stablecoin Yields

(note: these are the top Stablecoin Yields, sourced from @DefiLlama (all types, $1M+ TVL 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)

-Relative outperformance of $SOL and relative underperformance of $ETH continues to dominate discussion in crypto world, h/t @Route2FI:

-Bitwise continues to roll out new Bitcoin advertisements as the ETF deadlines are now less than three weeks out, h/t @WatcherGuru:

-Thoughts on above from @AutismCapital:

-Some interesting potential alfa from @qthomp:

-Increasing speculation around an @phantom airdrop in the wake of their announcement re: adding Bitcoin integration, h/t @FarmerBrownDefi:

-Interesting stat from @RyanDetrick on historical outperformance of stocks at end of year:

-@PancakeSwap continues to tweak its tokenomics, h/t @WuBlockchain:

-Over $1B has now been deposited into EigenLayer:

-Sentiments re: the current market meta c/o @d0unbug:

-Trading/investing thoughts from @CryptoKaduna:

-More trading/investing wisdom, from @smilinglllama:

-New @Blockworks_ interview with @EricBalchunas on everything Bitcoin ETF’s:

-@APompliano released interesting interview with @QwQiao:

-Short new interview with gigabrain macro investor @hkuppy:

-Parting wisdom from @CC2Ventures:

Conclusion

Happy Thursday good frog folk! :)

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.