The Daily Degen- December 22nd, 2023

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

Dec 22, 2023

Happy Friday good degens! Quite a week its been!

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: $2074.60

Oil (WTI): $74.50

US 10Y Treasury: 3.854%

Stocks ($SPY as proxy): +0.95%

Biggest Price Movers

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

Spotlight

Our monthly sponsor for December is the gigabrain team over at @ChainEDGE_io!

ChainEDGE is the creation of @OnChainWizard… well-respected defi expert, active trader, and long-term friend of The Daily Degen!

ChainEDGE is the premier on-chain analytics service for active tradoors… offering a live real-time smart money Alpha Stream, smart-money daily inflow/outflow tracking, daily summary from @OnChainWizard himself, real-time New Launch Digest, and tons of additional features!

Make sure to sign up now to start taking advantage of it!

Biggest TVL Movers + Else

Chains are mostly green today. Top 50 chains up at least 40% on the weekly are Waves (#34), Near (#35), Tezos (#36), and and Manta (#41).

Protocols are mostly green today as well. Protocols with at least $100M TVL up at least 500% on the monthly include StakeStone, DefiSaver, and Kamino Finance.

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):

Top Trending Tokens (from @dexscreener, 24 hour timeframe):

Bitcoin Fear/Greed Index:

(from @BitcoinFear)

Ethereum Fear And Greed Index

(from @EthereumFear):

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 GambleFi/Predictions project called @KusaTech. Twitter bio states “Your Gateway To Future Predictions & Beyond…”

-New AMM on Injective called @Dojo_Swap. Twitter bio states “⚔️ The First Native AMM DEX on #Injective ⚔️ Liquidity Farming Incentive ⚔️ Farm $POINT tokens when you stake with us early”. h/t @thealphadigest:

-New project called @HrznLabs. Twitter bio states “Bridging Worlds, Uniting Value. Seamless ETH-BTC liquidity with BRC20 and ERC20 standards. $HRZN…” h/t @thealphadigest:

-New @Blast_L2-related project called @_BlastFusion. Twitter bio states “Fusion is a governance aggregator built for @Blast_L2 ecosystem, aiming to maximize users’ liquidity and rewards while simultaneously aggregating Vote Power.” h/t @thealphadigest:

-Our friends at @KelpDAO have been added to @DefiLlama, categorized as as an infrastructure protocol on ETH Mainnet. Twitter bio states “Get triple rewards for restaking on @eigenlayer ▪︎ Liquid restaking for $stETH and $ETHx ▪︎ Get 1.25x reward boost with Kelp Miles 🌊”.

Security Alerts

-Security alert from @PeckShieldAlert:

Top Stablecoin Yields

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

-$SOL temporarily flipped $BNB to become the #4 token by market cap, but has slipped slightly below it again at time of publication this morning, h/t @DegenerateNews:

-$BONK and $COQ were the top two trending coins on @coingecko over the last week:

-Crypto search volumes are still significantly lagging price action, h/t @anildelphi:

-$ETH and associated tokens finally caught a bid over the last 24 hours, h/t @JJCycles:

-Ticker/narrative summary c/o @thedefivillain:

-Additional project-specific alfa from @TheDefInvestor:

-Solana dex volumes have seen a 100x increase vs this time three months ago, h/t @Dynamo_Patrick:

-$BTC seeing shallower pullbacks than in past cycles, h/t thread of interesting Glassnode charts/data from @Prithvir12:

-@dampedspring on why the BTFP spiking is not indicative of bank failures:

-Reminder that stocks (and gold) are hovering around all-time high’s but overall crypto market cap still 70% below an equivalent level, h/t @BowTiedBull:

-Another massive macro thread from @concodanomics:

-Data on the proliferation (and success) of drainer-linked fraudulent ads on Twitter/Google/etc generating a lot of discussion, h/t @realScamSniffer below:

-New @DeFi_Dad interview with Guy Young, founder of Ethena Labs, which has been generating a lot of talk on the TL the last few days:

-New video from @noahseidman:

-Parting wisdom from the great @Cryptoyieldinfo:

Conclusion

Have a good Friday and stay alert out there friends!

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

Note

Lots of exciting stuff happening with @silentdao_ friends!

As you know, our editor @rektdiomedes has been helping bang the drum about what the gents at @silentdao_ have been building, and things are starting to heat up to say the least!

Make sure to follow the official @silentdao_ Twitter account so you don’t miss any important updates! ;)

***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.