Happy Saturday friends!
Let’s dive in!
As always… 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):
Total Crypto Market Cap: $3.45T
Gold: $2636.50
Oil (WTI): $70.61
US 10Y Treasury: 4.631%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Take note! Our good friends at @vertex_protocol are having a very cool trading competition!
It has a total prize pool of 20k $USDC, and the dates are as follows:
- Round 1 December 30th, 4PM UTC -> January 4th, 4PM UTC
- Round 2 January 6th, 4PM UTC -> January 11th, 4PM UTC
- Round 3 January 13th, 4PM UTC -> January 18th, 4PM UTC
- Round 4 January 20th, 4PM UTC -> January 25th, 4PM UTC
Learn all the details in the thread below, and get started via Vertex on Arbitrum to compete for a slice of the prize money!
AND… as always, get started yield-maxxing and trading 50+ perps and spot markets at app.vertexprotocol.com and make sure to follow them on Twitter for more updates!
Biggest TVL Movers + Else
Chains are mostly red today. Top 50 chains up at least 10% on the weekly include Zircuit (#27), BOB (#32), and Stacks (#43).
Protocols are mostly red today. Top 50 protocols up at least 10% on the weekly include Hashnote USYC (#26), and Usual (#28).
Here’s The Top 12 Fastest-Growing Chains By TVL On The Monthly With At Least $1M TVL (from @DefiLlama):
Here’s The Top 12 Fastest-Growing Protocols By TVL On The Monthly With At Least $1M TVL (from @DefiLlama):
Here’s The Top Entities By 24 Hour Fee Generation (from @DefiLlama):
Bitcoin Fear/Greed Index:
(from @BitcoinFear)
New Projects
(note: this includes new projects we find through combing Twitter each day, and we also include or re-include every newly launched protocol added by @DefiLlama that has at least some TVL or is followed by at least some of our mutuals - hence disclaimer: these are not pre-vetted by us so make sure to DYOR!)
-Something new called @DeTradingcom. Twitter bio states “Trustless cross-chain protocol for Atomic-Swap. Non-custodial, native, and friendly. You own your assets.” Followed by 1 of our mutuals. h/t @AresLabs_xyz:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (single-exposure, no-IL, $20M+ TVL only) - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Security Alerts
-No security alerts today.
Important News And Analysis
-Macro/Treasury/Janet Yellen stuff the dominant topic of the day, see below with commentary from @LDNCryptoClub (in response to a question from another account):
-Crypto was hit with one more ridiculous regulatory attack to end the year, h/t @haydenzadams and @jchervinsky:
-Tether fud also made a comeback on the TL yesterday, excellent rebuttal to it from @Jesseeckel (in response to @Jason):
-Altcoin index has fallen back down to 43, h/t @kenodnb (along with commentary/prediction for new year):
-Google searches for ‘crypto’ seeing a drop alongside recent price action, h/t @TheDeFinvestor:
-$BTC TA from @DaanCrypto:
-More and more crypto ETF filings:
-Pendle is coming to Berachain, h/t @0xMughal:
-Tool alfa from @0xngmi and the @DefiLlama crew:
-Interesting chart comparing growth of gold ETF’s and Bitcoin ETF’s, h/t @NateGeraci:
-@redphonecrypto released his annual ‘69 Theses’ work to much acclaim (click to read below):
-New crypto/macro Q&A from @noahseidman:
-New video from @coinbureau reviewing the channel’s 2024 predictions:
-New video of 2025 predictions from @MikeIppolito_ and @nickwh8te:
-New video on how to get started in crypto from @blocmatesdotcom:
-New macro video from @FedGuy12:
-Parting wisdom from @danielgothits:
Conclusion
Have a great Saturday friends and don’t forget to touch some grass (or snow!) this weekend :)
And please RT/subscribe/etc if you found this valuable!
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***Note On Material: The ‘Spotlight’ and ‘Note’ sections and info on our Official Monthly Sponsor @vertex_protocol 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.