The Daily Degen- December 2nd, 2024
All of today's news/data/alerts...
Happy Monday friends! Start of another big week!
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: $3.54T
Gold: $2666.80
Oil (WTI): $68.76
US 10Y Treasury: 4.207%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
The recent Tornado Cash ruling was quite significant, and suggests there will be less regulatory opposition to advances in on-chain privacy going forward- which is exactly what the team at @silentdao_ has been working on behind the scenes.
To summarize:
“Silent Protocol is building the ghost layer, a modular layer 1.5 providing compliant privacy built on the EZEE framework to become that structured playground for institutions and retail users that can provide compliant, secure and privacy preserving access to ethereum native and cross chain liquidity along with enabling access to applications.”
Our editor @rektdiomedes is helping bang the drum about everything @silentdao_ is working on, so make sure to follow them on Twitter for more updates!
Biggest TVL Movers + Else
Chains are mixed to red today. Top 10 chains green on all three timelines (daily, weekly, monthly) include ETH Mainnet (#1), Base (#6), and Hyperliquid (#10).
Protocols are also mixed to red. Top 25 protocols green on all three timelines (daily, weekly, monthly) include Ethena (#10), and Curve Finance (#23).
Here’s The Top 12 Fastest-Growing Chains By TVL On The Weekly With At Least $100M TVL (from @DefiLlama):
Here’s The Top 12 Fastest-Growing Protocols By TVL On The Weekly With At Least $100M TVL (from @DefiLlama):
Here’s The Top 12 Entities By 24 Hour Fee Generation (from @DefiLlama):
Here’s The Top 12 Dex’s By 7 Day Volume (from @DefiLlama):
Bitcoin Fear/Greed Index:
(from @BitcoinFear)
Chart Of The Day
(Courtesy of our Official Sponsor @vertex_protocol)
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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!)
-New project called @beans_fun. Twitter bio states “Rediscover the internet 🫘”. Followed by 53 of our mutuals. h/t @AresLabs_xyz:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (all types, $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
-XRP flipping SOL is eliciting much commentary on the TL, h/t @thedefivillain:
-(Related) ETF filings continue to pour in, with a new WisdomTree filing for an XRP one, h/t @DegenerateNews:
-Top gainers of the last week, h/t @CryptoRank_io:
-Crypto watchlist for the week, h/t @TheDeFinvestor:
-Additional headlines from @blocmatesnews:
-Reminder from @noahseidman that the positive price action we’ve seen of late has occurred despite MOVE (the bond market volatility index) still being elevated:
-Good trading/investing thoughts from @game_of_one:
-Interesting observation re: perps space from @0xngmi:
-NFT’s currently at $8B total market cap, h/t @DegenerateNews:
-Thoughts from @attiathehun:
-Wise observation from @NightOwlCapital:
-New episode of @0xSteadyLads podcast:
-New roundtable discussion from @Unchained_pod discussing DeSci and a number of other topics:
-New macro discussion between @JackFarley96 and Andy Constan @dampedspring:
-Parting wisdom from @colinchoo:
Conclusion
Happy Monday friends! Stay alert out there!
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.