The Daily Degen- December 30th, 2023

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

Dec 30, 2023

Happy Saturday friends!

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: $2071.80

Oil (WTI): $71.65

US 10Y Treasury: 3.866%

Stocks ($SPY as proxy): -0.29%

Biggest Price Movers

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

Spotlight

Attention friends! Make sure to check out our monthly sponsor for December @ChainEDGE_io!

ChainEDGE is the creation of our good friend @OnChainWizard, and is the premier on-chain analytics service for active traders… offering a live real-time smart money Alpha Stream, smart-money daily inflow/outflow tracking, daily summary from @OnChainWizard himself, real-time New Launch Digest, and tons of additional features!

Make sure to sign up now to start taking advantage of it!

Biggest TVL Movers + Else

Chains are mostly red today. Exceptions among top 30 chains that are green on the daily include Solana (#5), Manta (#14), Sui (#18), and DefiChain (#25).

Protocols are quite red today. Exceptions among top 100 protocols that are up at least 10% on the daily include multichain RWA protocol Mountain Protocol, multichain lending protocol LayerBank, and ETH Mainnet yield protocol StakeStone.

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):

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!)

-New project @UnibotOnSolana. Twitter bio states “Built by and for Solana Traders | @TeamUnibot . 🦄🤖”

-New dex on Zkfair called @Venu_Swap has been added to @DefiLlama. Twitter bio states “This groundbreaking platform is not just a transaction hub; it's a revolutionary force poised to reshape the landscape of Defi”.

-New project called @Bitswap_BTC has been added to @DefiLlama. Twitter bio states “The first cross-chain swap for Bitcoin Ecosystem”.

-New Solana derivatives protocol called @PopFi_io has been added to @DefiLlama. Twitter bio states “Experience high-stakes leverage and binary options trading on Solana…”

-New CDP protocol on IoTex called @MagmaProtocol has been added to @DefiLlama. Twitter bio states “A protocol that unlocks native chain token liquidity for a small one-time fee. IOTX collateral backed 0% loans. Censorship-proof stablecoins.”

Top Stablecoin Yields

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

-All sorts of excitement with last-minute ETF filings/amendments/etc, h/t @EricBalchunas:

-Thoughts on the above from @sthenc:

-Comparison of the current top-performing narratives vs those from last spring’s mini ‘echo-bubble’ from @thedefivillain:

-@monad_xyz continuing to generate lots of attention, h/t @tervoooo:

-Thoughts on potential EigenLayer airdrop from @ThorHartvigsen:

-Nasdaq 100 had its best year since 1999:

-@ValkyrieFunds Bitcoin Miners ETF was the top-performing non-leveraged ETF of 2023, h/t @JSeyff:

-Thoughts on 2023 from Trader Joe co-founder @cryptofishx:

-Another good airdrop guide from @CC2Ventures:

-Good airdrop thread/overview from @Beacon_Early:

-New podcast from @0xSteadylads going over 2023 and predictions for 2024:

-New video from @Interop on ‘Cosmos in 2024’ featuring @Cryptocito, @hxrts, @WordJizz, and @phtevenstrong:

-New video on $METIS and the Metis ecosystem from @Dynamo_Patrick:

-Parting wisdom from @level941:

Conclusion

Happy Saturday friends! Don’t forget to touch some grass this weekend!

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.