The Daily Degen- December 28th, 2023

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

Dec 28, 2023

Happy Thursday good degens! Lots of stuff going on!

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: $2088.30

Oil (WTI): $73.41

US 10Y Treasury: 3.815%

Stocks ($SPY as proxy): +0.18%

Biggest Price Movers

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

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Biggest TVL Movers + Else

Chains are mixed today. Fastest-growing chains on the weekly with at least $50M TVL are Manta, Metis, and Tezos.

Protocols are quite green today. Fastest-growing protocols on the weekly with at least $20M TVL are ETH Mainnet dex DeGate, Manta/Linea/Scroll lending protocol LayerBank, ETH Mainnet yield protocol StakeStone, FXC dex RosSwap, and Tezos synthetics protocol Youves.

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 Fee Generation (from @DefiLlama):

Here’s The Top 12 Chains By 7 Day Stablecoin Inflow % (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 @3dns_inc. Twitter bio states “The first onchain web domain registrar, supporting .com, .xyz, .box, and many more TLDs. Bring your domain onchain!” h/t @litocoen:

-New project called @bsx_labs. Twitter bio states “The Fastest Non-custodial Decentralized Exchange. Built on Base. Join us on Discord…”

-Something new called @IthacaProtocol. Twitter bio states “Non-Custodial, Composable Option Protocol.” h/t @twindoges:

-New dex called @omnidrome. Twitter bio states “Omnidrome is a DEX (Decentralized Exchange) that combines the best of Curve, Convex, and Uniswap V2 into a cohesive AMM (Automated Market Maker) designed to serve as Zetachain network's liquidity layer.” h/t @twindoges:

-New GambleFi project on Metis called @midas_games. Twitter bio states “Midas offers provably fair, secure, and classic prediction games on @MetisDAO blockchain through an entertaining community-driven platform.” h/t @twindoges:

Security Alerts

-@Levana_protocol suffered an oracle attack, also including excellent post breaking it down from @l_woetzel (click to read rest of long-form tweet):

Top Stablecoin Yields

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

-Michael Saylor announced that MicroStrategy has been making more $BTC buys, h/t @leviathan_news:

-Related (very bullish) analysis from @qthomp:

-@TheFlowHorse on the above:

-The “Mag7” stocks have hit a new all-time high, h/t @Schuldenseuhner:

-The DXY (US dollar Index) continues to trend downwards:

-Coinbase’s stock COIN continues to have considerable short interest despite surging over 100% this quarter, h/t @MiniNooby:

-Avalanche CDP protocol @YetiFinance announces it will be winding down:

-Latest real-time inflation data from @truflation:

-Good airdrop thread from @TheDeFinvestor:

-Excellent thread on Metis and the Metis ecosystem from @francescoweb3:

-Interesting thread on “twitscriptions” from @redphonecrypto:

-Excellent new @Blockworks_ interview with @fejau_inc and @WClementeIII:

-New crypto + macro livestream from @noahseidman:

-New video from @DeFi_Dad featuring @gametheorizing discussing new ETH L2 Mantle:

-New 2023 recap video from @theempirepod featuring @JasonYanowitz and @santiagoroel:

-Parting wisdom c/o @Stoiiic:

Conclusion

Happy Thursday friends let’s get after it!

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.