Happy Wednesday friends! 2023 is almost finished!
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: $2081.20
Oil (WTI): $75.15
US 10Y Treasury: 3.887%
Stocks ($SPY as proxy): +0.42%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Volume keeps increasing for @muxprotocol!
Once again, Mux- the ‘1Inch of perps’ - is utilizing the the 6M ARB grant they received to reduce trading fees to zero on trades routed through GMX V1/V2 + Gains Network + Mux itself, and traders are taking advantage of this in droves, as seen in Mux’s surging volumes!
Investoors are also taking note, as Mux pays out proverbial ‘RealYield’ in ETH to MUXLP and veMUX holders, with APR’s extremely high right now…
We’ve been helping raise awareness about everything @muxprotocol is up to as of late, so click on the tweet below to see the rest of their most recent thread of stats/updates, and make sure to check out their dApp here as well to get started trading/LP’ing/etc!
Biggest TVL Movers + Else
Chains are mixed today. Only top 50 chains red on the monthly are Pulse Chain (#21), DefiChain (#30), Mixin (#31), Tezos (#38), and Canto (#41).
Protocols are mixed today as well. Protocols with at least $50M TVL down at least 10% on the monthly include DefiChain Dex, Nexus Mutual, Pando, BiSwap, Equilibria, and Inverse 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):
Here’s The Top 12 NFT Platforms By 7 Day Volume (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 new called @marginzero_xyz. Twitter bio states “Revolutionizing DeFi trading with zero upfront margin and no price liquidation risk”. h/t @AresLabs_xyz:
-Something ambiguous/mysterious but followed by some of our most gigabrain mutuals called @anfyi_. Twitter bio states “coming soon enough”. h/t @AresLabs_xyz:
-New project on Cardano listed as a lending protocol called @Cerra_io has been added to @DefiLlama. Twitter bio states “Decentralized Profit-Sharing Finance on #Cardano”.
Security Alerts
-There was apparently some type of hack/exploit of @ThunderTerminal today:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama ($1M+ TVL, single-exposure, and no-IL only) and @stable_fish - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Important News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-Barry Silbert stepped down as Chairman of Grayscale Bitcoin Trust, h/t @EricBalchunas with additional thoughts below:
-@SGJohnsson on the above:
-Some narrative/ticker alfa from @Prithvir12:
-$SEI the latest L1 to see spiking attention + price action, h/t @TheCryptoDog:
-Crypto-related app store downloads started to trend upward a bit, h/t @0xjaypeg:
-Metis continuing to gain TVL + attention, h/t @TheDefInvestor:
-@rainbowdotme wallet seeing huge spike in in-wallet transfers revenue after announcing their points program (and presumed airdrop, h/t @lay2000lbs:
-Interesting tweet re: Aave/Solana/Neon from @lemiscate:
-Lot of talk about Mt Gox repayments having apparently started over the last 24 hours, h/t @CoinDesk:
-Wise sentiments from @resdegen:
-Excellent thread full of alfa/insights from @Castle__Cap:
-Very good thread on VC activity from @CryptoKoryo:
-New interview from @BanklessHQ talking with the EigenLayer team:
-Another good broad overview video from @coinbureau:
-Parting crypto-applicable wisdom from @TheRealEstateG6:
Conclusion
Happy Wednesday friends! Stay alert out there!
And please RT/subscribe/etc if you found this valuable!
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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.