The Daily Degen- December 24th, 2023

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

Dec 24, 2023

Happy Sunday and Happy Christmas Eve friends!

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 @CryptoBubbles24):

Gold: $2064.50

Oil (WTI): $73.56

US 10Y Treasury: 3.901%

Stocks ($SPY as proxy): N/A

Biggest Price Movers

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

Spotlight

Our friends behind @staderlabs_eth and @KelpDAO are bringing the holiday merriment this Christmas!

Once again, Stader is an ETH liquid staking protocol and @KelpDAO is an extremely cool new project from the Stader team based around an LRT (liquid restaking token) solution on EigenLayer called $rsETH!

As detailed in the thread below, they have a special holiday incentive they are giving out in the form of an extra boost of EigenLayer (EL) Points for $ETHx restakers!

We’re helping raise awareness about all their efforts so make sure to follow @staderlabs_eth and @KelpDAO on Twitter for more updates!

Biggest TVL Movers + Else

Chains are almost all green. Biggest gainer on the weekly among top 50 chains is Waves (#36) at +668%, and biggest loser is Mixin (#27) at -19.08%.

Protocols are mostly green today as well. Among protocols with at least $100M TVL the biggest gainer on the weekly is StakeStone at +441%, and biggest loser is DefiSaver at -11.25%.

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!)

-Something called @hokum_gg. Twitter bio states “Fully onchain, today! ethereum L3, built with OP Stack, on Base with Celestia underneath✨” h/t @AresLabs_xyz:

-Something new called @weavevm. Twitter bio states “The hyperscalable EVM protocol on Arweave” h/t @AresLabs_xyz and @decentlandlabs:

-New multichain bridge @Multibit_Bridge has been added to @DefiLlama. Twitter bio states “Unlocking liquidity for BRC20s on EVM networks. ↔️ Dual sided bridge. Live on @Ethereum @BNBCHAIN @Bitcoin $MUBI”.

-Liquid-staking protocol @milky_way_zone has been added to @DefiLlama. Twitter bio states “Stake, Earn and Stay Liquid 💎 Liquid Staking protocol tailored for Celestia’s modular blockchain ecosystem .”

-New perps project @surf_protocol on Base has been added to @DefiLlama. Twitter bio states “Welcome to the first permissionless derivative exchange, enabling trading and listing of over 10,000+ assets. Built on @BuildOnBase”.

Top Stablecoin Yields

(note: these are the top Stablecoin Yields, sourced from @DefiLlama (all types, $10M+ 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)

-$SOL surged past $100 and kept moving higher over last 24 hours:

-$BTC and $ETH have been largely flat by comparison however:

-Thoughts on above from @TheFlowHorse:

-Optimism has also been outperforming, hitting a new ATH today, h/t @0xSebas:

-Interesting tweet re: the ongoing high valuation metrics of the US stock market, h/t @Ksidiii:

-$SOL frenzy generating massive volumes on Coinbase as well, h/t @DegenerateNews:

-Situation in Gulf with shipping/Houthis/etc continues to generate headlines:

-Great year in review thread from @CryptoKoryo going over all the main narrative rotations and outperformers:

-Bullish sentiments from @Pool2Paulie:

-Interesting thread from @SmokeyTheBera on good and bad qualities to look out for in VC’s:

-Trading/investing thoughts from @resdegen:

-Latest weekly macro video from @FedGuy12 Joseph Wang:

-New video from @coinbureau on narratives to watch in 2024:

-New crypto/macro discussion from @MarkYusko and @MikeIppolito_ c/o @Blockworks_:

-Parting wisdom c/o @vec0zy c/o @crypto_linn:

Conclusion

Happy Sunday friends and enjoy Christmas Eve! :)

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

Note

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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.