The Daily Degen- December 29th, 2023
All of today's news/data/alerts...
Happy Friday lads and ladettes! Last trading day of 2023 for tradfi and lots of stuff going on in crypto!
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: $2074.70
Oil (WTI): $72.11
US 10Y Treasury: 3.881%
Stocks ($SPY as proxy): +0.038%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
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Biggest TVL Movers + Else
Chains are mostly red today. Only exceptions among top 30 chains are Solana (#5), MultiversX (#15), Manta (#17), and DefiChain (#28).
Protocols are mostly red today as well. Top 100 protocols up at least 10% on the weekly include DefiSaver (#36), StakeStone (#37), and LayerBank (#67).
Here’s The Top 12 Fastest-Growing Chains By TVL On The Weekly (from @DefiLlama):
Here’s The Top 12 Fastest-Growing Protocols By TVL On The Weekly (from @DefiLlama - note: this one has a minimum TVL filter so only includes ones with at least $1M TVL):
Here’s The Top 12 Entities By 24 Hour Fee 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 new called @BananaMiner_ that got a lot of attention on Twitter today…. Twitter bio states “Banana Miner is the first innovative DeFi project on Solana. Earn up to 8% daily rewards on our Dapp 🍌”
-New Aptos lending protocol called @EchelonMarket. Twitter bio states “Native Money Market on @aptos_network | Launching January 2024”. h/t @AresLabs_xyz:
-Something called @NinjaDotGarden. Twitter bio states “First of it's kind Engage2Earn X LSD Staking SocialFi platform on @injective_ | $KUNAI coming 2024. The Garden provides. Beta Version now live on Inj Testnet.” h/t @CryptoNikyous:
-Something new called @TemporalFinance. Twitter bio states “Liquidity Infrastructure For Real-World DeFi: Market-Determined Yield and Forward Curves”. h/t @CryptoNikyous:
-Another new Injective project called @QuantumFi_. Twitter bio states “Revolutionary Real-yield approach to Financial Innovation & Optimization, built on #Injective🥷” h/t @CryptoNikyous:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (all types, $1M+ TVL) and @stable_fish - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Important News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-Tradfi markets on track for an extremely good month performance-wise, h/t @JackFarley96:
-Avalanche generated a lot of discussion today for their announcement re: meme coins and their ‘Culture Catalyst’ program, h/t @DegenerateNews:
-Narrative recap for the week from @thedefivillain:
-More news/narrative alfa from @TheDeFinvestor:
-$SOL and $ETH both need to see over 100% gains to get back to previous all-time high’s, h/t @0xjaypeg:
-Interesting observation from @ahboyash:
-Bullish thoughts from @qthomp:
-Bullish thoughts from @dunleavy89:
-New blog post from Vitalik called “Make Ethereum cypherpunk again” generated a lot of attention today:
-Excellent list of 32 potential airdrops from @ComposabeKi (click for rest of long-form tweet):
-Good Cosmos-specific airdrop guide from @milesdeutscher:
-Brand new Arthur Hayes @CryptoHayes interview from @Unchained_pod that just got uploaded:
-New macro interview with @LynAldenContact from @MacroVoices:
-New @ThorHartvigsen video on some notable airdrop opportunities he’s focusing on:
-Parting wisdom c/o @santiagoroel:
Conclusion
Have a good Friday degens!
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 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.